Bonita Springs Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Feb. 8, 2022

Wellington FL Real Estate Market Trends - Jan 2022

Collage of scenes in Wellington FL

Wellington is a great place to buy a vacation home. Wellington has many beautiful horse farms, and world class polo facilities. Wellington is known as the Winter Equestrian Capital of the World because of all the horse shows that take place in Wellington during our South Florida winter season. If you are thinking about buying or selling a Wellington home, please contact us for more information about the Wellington FL Real Estate market.

The Wellington FL Real Estate market report is designed to help buyers and sellers understand the Wellington FL real estate market drivers. The Wellington FL market metrics we follow monthly are; number of Wellington home sales, the number of Wellington homes and condos that are listed for sale, Wellington average days on market and Wellington current real estate inventory of homes on the market. 

  • Number of Sales in Wellington FL - Jan 2022
  • Number of Homes for Sale in Wellington FL - Jan 2022
  • Avg Days on Market in Wellington FL - Jan 2022
  • Months of Inventory in Wellington FL - Jan 2022

Wellington FL Home Sales by Month - January 2022

In January 2022, home sales in Wellington FL were 174 for the month, a 31% decrease from the previous month (Dec 2021). In the longer term, homes sales were 205 one year ago (Jan 2021), a 15 percent decrease.  

Bar chart of Wellington FL homes sales - Jan 2022

Wellington FL Homes for Sales (Listings) by Month - January 2022

 In Jan 2022, the number of homes for sale in Wellington FL was 297, that’s 42 fewer homes listed for sale than the previous month (Dec 2021), a decrease of 12.4 percent. In the longer term, the number of homes listed for sale in Wellington FL was at 581, one year ago (Jan 2021). That is a decrease of 49 percent.

Bar chart of Wellington FL - number of listings - Jan 2022

Wellington FL Average Days on Market by Month - January 2022

In January 2022, the average days on market for homes in Wellington was 39, that’s 11 days fewer than the previous month (Dec 2021), when the average days on market was 50. Looking back one year, the average days on market was 66 days.

Bar chart of average days on market - Wellington FL - January 2022

Wellington FL Months of Inventory by Month - January 2022

In Wellington FL, the number of months of inventory was 2 in January 2022. That is up one from the previous month (Dec 2021), when there was a 1 months supply of homes listed for sale.  The number of months of inventory in Wellington FL was at 3 one year ago (Jan 2021). The chart below shows real estate inventory levels for Wellington FL over the past 13 months.

The real estate industry measures inventory levels in one month increments. That is determined by how many months it would take to sell off the inventory of homes that are listed for sale on the market based on the average rate of sales by month. In Wellington FL, there are currently 297 homes for sale. That is a 2 month supply based on how fast homes are selling in the Wellington FL real estate market. 

If you’re thinking about purchasing a vacation home in Wellington FL, click here to search for homes and condos for sale in Wellington FL.

Statistic

Current Month

Previous Month

Increase/Decrease

# of Home Sales

174

253

Decrease of 31%

# of Listings

287

339

Decrease of 12%

Avg Days on Market

39

50

Decrease of 11 days

Inventory

2

1

Increase of 1 month

Summary:  Wellington FL Real Estate Market Trends - January 2022

- Number of Sales in Wellington FL - Jan 2022: 174, a 31% decrease from the previous month (Dec 2021). In the longer term, homes sales were 205 one year ago (Jan 2021), a 15 percent decrease.

- Number of Homes for Sale in Wellington FL - Jan 2022: 297, that’s 42 fewer homes listed for sale than the previous month (Dec 2021), a decrease of 12.4 percent. In the longer term, the number of homes listed for sale in Wellington FL was at 581, one year ago (Jan 2021). That is a decrease of 49 percent.

- Avg Days on Market in Wellington FL - Jan 2022: 39, that’s 11 days fewer than the previous month (Dec 2021), when the average days on market was 50. Looking back one year, the average days on market was 66 days.

- Months of Inventory in Wellington FL - Jan 2022: 2 in January 2022. That is up one from the previous month (Dec 2021), when there was a 1 months supply of homes listed for sale.  The number of months of inventory in Wellington FL was at 3 one year ago (Jan 2021).

The demand side of the equation continues to be very strong.  The market favors sellers at this time.   If you’re thinking about selling your home in Wellington FL, now could be a good time to put your home on the market.

If you’re thinking about purchasing a vacation home in Wellington FL, be aware that prices are at record highs and often are not supported by closed sale comparables. hope this report has been helpful.  If you have questions about the Wellington FL real estate market or any other real estate market in the area, please contact us.

 

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Feb. 7, 2022

Naples FL Real Estate Market Trends & Homes for Sale - Jan 2022

Naples Pier

Naples FL Real Estate Market Report - January 2022

Naples FL is a beautiful oceanfront city on the Gulf of Mexico that is well-known for its luxury shopping, top-rated golf courses, white sand beaches, and exquisite dining. Naples FL real estate offers something for everyone whether you are looking for a primary residence, secondary home, rental properties or investment property for your real estate portfolio. In January 2022, the Naples FL real estate market continued to be strong with a little over 3,000 homes and condos listed for sale. This is an increase from last year at this time when there were 1,700 Naples FL homes for sale. The median closed price for single-family homes in Naples FL was $695,000 in January 2022 which is a 26% increase from last year. If you are considering purchasing a Naples FL home or condo, we hope you will subscribe to our newsletter and learn what is going on in the Naples real estate market as well as the surrounding communities.

Naples FL Real Estate market report is designed to help buyers and sellers understand the Naples FL real estate market drivers. The Naples FL market metrics we follow monthly are; number of Naples sales transactions, the number of Naples homes and condos that are listed for sale, Naples average days on market and Naples current real estate inventory of homes on the market. Naples is a great place to buy a vacation home. If you are thinking about buying or selling a Naples home, please contact us for more information about the naples FL Real Estate market.

Naples FL Real Estate Trends and Statistics - January 2022:

  • Sales activity reported - Naples FL
  • Number of Listings - Naples FL
  • Avg Days on Market - Naples FL
  • Months of Inventory - Naples FL

Naples FL - Number of Sales by Month - January 2022

Sales activity decreased by 24% in Naples FL in the current month. January sales activity reported, was 869 homes sold. That is 281 fewer sales than the previous month (Dec 2021), when 1,150 homes sold. One year ago (Jan 2021), the number of home sales in Naples FL was 1,161, Compared to Jan 2022, that is a 25 percent decrease.

Despite January sales activity showing a decline from the previous month, low inventory and high demand continues throughout Southwest Florida. These are the main factors that continue to push home prices higher.

Bar chart - Number of Sales in Naples FL - Jan 2022

Naples FL - Homes for Sale by Month - January 2022

For January 2022, there were 3111 homes for sale in the Naples real estate market, a 14 precent increase over the previous month. In December 2021, there were 2,728 active home listings on the Naples real estate market. When we compare Jan 2022 to Jan 2021, we see that there were 5,553 homes for sale or new listings on the market in Collier County, one year ago.

The Naples real estate market realized a small increase in the number of new listings coming on the market in January compared to the previous month. However, a year ago(Jan 2021), there were nearly 2500 homes for sale in the Naples

Bar chart - Number of listings in Naples FL - Jan 2022

Naples FL - Average Days on Market by Month - January 2022

In January, the average days on the market was 23 days, that is 3 days fewer than the previous month (Dec 2021), when average days on the market in Naples was 26. As the chart below clearly shows, average days on the market has declined steadily over the past year, primarily due high demand and low inventory. One year ago (Jan 2021), average days on market was 79, that is 56 fewer days on market.

Bar chart - Average day on market in Naples FL - Jan 2022

Naples FL - Real Estate Market Inventory by Month - January 2022

In Naples FL, there is a 4 month supply in the number of homes for listed for sale in Naples FL. That is up from the previous month (Dec 2021), when the supply of properties on the market was at 2 months. As the chart below shows, the inventory level was at 5 months, one year ago. Despite the fact that the number of homes for sale in Naples, increased in Janaury, market conditions favor seller’s.

Bar chart - Real estate inventory in Naples FL -Jan 2022

The real estate industry measures inventory levels in one month increments. That is determined by how many months it would take to sell off the inventory of homes that are listed for sale on the market based on the average rate of sales by month. In Naples FL, there are currently 3,011 housing units for sale. That is a 4 month supply based on how fast homes are selling in the Naples FL real estate market.

Naples FL - Real Estate Market Statistics - Jan 2022

STATISTIC

CURRENT MONTH

PREVIOUS MONTH

CHANGE

Home Sales

869

1,150

Decrease - 24% 

Homes for Sale

3,118

2,734

Increase - 14% 

Avg Days on Market

23 Days

26 Days

Decrease -3 Days 

Inventory

4

2

Increase - 2 Months

Summary: Naples FL Real Estate Market Report - January 2022

In summary, demand for homes in Southwest Florida, and the Naples area in particular, continues to be strong. Tight inventory continues to push home prices higher in the short term. Buyers can expect prices to be at premium levels, until more inventory comes on the market and begins to outpace the flow of inventory that is being purchased.

Information source: Broker analysts reviewing January 2022 Market Report published by the Naples Area Board of Realtors (Nabor),which tracks home listings and sale in Collier County (ecluding Marco Island).

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Feb. 7, 2022

Marco Island FL Real Estate Market Trends & Homes for Sale - January 2022

Collage - 6 images of Marco Island FL

Marco Island FL Real Estate Market Trends & Homes for Sale - January 2022

About Marco Island FL:

Marco Island is a barrier island in Southwest Florida that offers residents beautiful weather, white sand beaches, and direct access to the Gulf of Mexico. The island is only 20 minutes away from Naples, which offers many dining and shopping options for residents. Marco Island is perfect for boating because of its direct access to the Gulf of Mexico and Ten Thousand Islands. The island is also home to many parks and nature reserves, making it a great place to enjoy the outdoors. In recent years, the island has seen an increase in new home and condo construction, as more people are drawn to its idyllic setting. With its beautiful weather, white sand beaches, and proximity to Naples, it’s easy to see why Marco Island is such a desirable place to live.

Search for Homes for Sale in Marco Island

Whether you’re looking for your dream home or just want to get a better sense of the real estate market trends in Marco Island, you’ve come to the right place. MarcoIslandRealEstateHub.com is the best real estate information resource available. we provide the most up-to-date information on housing prices and availability in this coastal city. Our search function makes it easy to search for homes for sale in Marco Island, and our monthly market report will give you an in-depth look at the key metrics that drive the Marco Island real estate market.

Marco Island FL Real Estate Market Trends

The Marco Island FL Real Estate Market Report is designed to help buyers and sellers understand the Marco Island real estate market drivers. The Marco Island market metrics we follow monthly are; the number of Marco Island home sales, the number of Marco Island homes and condos that are listed for sale, Marco Island average days on market, and Marco Island’s current real estate inventory of homes on the market.

Good data is crucial when making any financial decision and that’s especially true when it comes to real estate. That’s why we make it our mission to provide accurate and timely information on the Marco Island market. Whether you’re a buyer or seller, our data will help you make the best decision for your needs.

So what are the latest trends in the Marco Island real estate market? Here’s a quick look at the factors that shape this seller’s market.

Metrics: Marco Island FL Real Estate Market Trends - January 2022

  • Number of Sales in Marco Island - Jan 2022
  • Number of Homes for Sale in Marco Island - Jan 2022
  • Average Days on Market in Marco Island - Jan 2022
  • Months of Inventory in Marco Island - Jan 2022

Marco Island FL Home Sales by Month - January 2022

In January 2022, home sales in Marco Island FL were 82 for the month, a 19% decrease from the previous month (Dec 2021). In the longer term, home sales were 128 one year ago (Jan 2021), a 36 percent decrease.

Bar chart - real estate sales in Marco Island - Jan 2022

Marco Island FL Homes for Sales (Listings) by Month - January 2022

In Jan 2022, the number of homes for sale in Marco Island FL was 281, that’s 20 more homes listed for sale than the previous month (Dec 2021), an increase of 7.7 percent. In the longer term, the number of homes for sale in Marco Island was at 536, one year ago (Jan 2021). That is a decrease of 47.6% percent.

Bar chart - Homes for Sale (Listings) - Marco Island FL - Jan 2022

Marco Island FL Average Days on Market by Month - January 2022

In January 2022, the average number of days on market for homes in Marco Island was 45, that’s 4 days more than the previous month (Dec 2021), when the average days on market was 41. Looking back one year, the average number of days on market was 98 days.

Bar chart - Average days on Market - Marco Island FL - Jan 2022

Marco Island FL Months of Inventory by Month - January 2022

In Marco Island FL, the number of months of inventory was 3 in January 2022. That is the same level as the previous month (Dec 2021), when there was a 3 months supply of Marco Island homes listed for sale. The number of months of inventory in Marco Island was at 4 one year ago (Jan 2021). The chart below shows real estate inventory levels for Marco island homes and condos over the past 13 months.

The real estate industry measures inventory levels in one-month increments. That is determined by how many months it would take to sell off the inventory of homes that are listed for sale on the market based on the average rate of sales by month. In Marco Island FL, there are currently 281 homes for sale. That is a 3 month supply based on how fast homes are selling in the Marco Island real estate market.

If you’re thinking about purchasing a vacation home in Marco Island FL, you can visit the Marco Island FL page to learn more about some of the most popular Marco Island neighborhoods. Click to search for homes and condos for sale in Marco Island FL.

Bar chart - months of real estate inventory - Marco Island - Jan 2022

Marco Island FL - Real Estate Statistics - January 2022

STATISTIC

CURRENT MONTH

PREVIOUS MONTH

CHANGE

Sales

82

101

Decrease 19%

Listings

281

261

Increase 7.7%

Avg. Days on Market

45

41

Increase 4 Days

Months of Inventory

3

3

Unchanged

Summary: Marco Island FL Real Estate Market Trends - January 2022

- Number of Sales in Marco Island FL - Jan 2022: 82, a 19 percent decrease from the previous month (Dec 2021). In the longer term, home sales were 128 one year ago (Jan 2021), a 36 percent decrease.

- Number of Homes for Sale in Marco Island FL - Jan 2022: 281, that’s 20 more homes listed for sale than the previous month (Dec 2021), an increase of 7.7 percent. In the longer term, the number of homes listed for sale in Marco Island FL was at 536, one year ago (Jan 2021). That is a decrease of 47.6 percent.

- Average Days on Market in Marco Island FL - Jan 2022: 45, that’s 4 days more than the previous month (Dec 2021), when the average days on market was 41. Looking back one year, the average number of days on market was 98 days.

- Months of Inventory in Marco Island- Jan 2022: 3 in January 2022. That is the same as the previous month (Dec 2021), when there was a 3 months supply of homes listed for sale. The number of months of inventory in Marco Island was at 4 one year ago (Jan 2021).

The demand side of the equation continues to be very strong. The market favors sellers at this time. If you’re thinking about selling your home in Marco Island FL, now could be a good time to put your home on the market.

If you’re thinking about purchasing a vacation home in Marco Island FL, be aware that prices are at record highs and often are not supported by closed sale comparables. I hope this report has been helpful. If you have questions about the Marco Island FL real estate market or any other real estate market in the area, please contact us.

The information for Marco Island FL Homes for Sale & Real Estate Trends is provided by the Marco Island area association and Southwest Florida Multiple Listing Service (MLS). Information such as square foot median price date, the following property types, single family homes, condos, median sale price, home values, new listings, Collier market compared, average price, are intended as valuable educational programs and deemed reliable but not guaranteed. Information is provided for consumers’ personal, non-commercial use, decimals rounded and may not be used for any purpose other than the identification of potential properties for purchase. Data courtesy and Copyright 2022 Southwest Florida Multiple Listing Service. All Rights Reserved.
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Feb. 6, 2022

Lehigh Acres FL Real Estate Market Trends & Homes for Sale - January 2022

Collage of single family homes in Lehigh Acres FL

Lehigh Acres FL Real Estate Market Trends & homes for sale - January 2022

The Lehigh Acres FL Real Estate market report is designed to help buyers and sellers understand the Lehigh Acres FL real estate market drivers. The Lehigh Acres FL market metrics we follow monthly are; number of Lehigh Acres home sales, the number of Lehigh Acres homes and condos that are listed for sale, Lehigh Acres average days on market, and Lehigh Acres current real estate inventory of homes on the market. Our hope with this Lehigh Acres FL market report, is that it will provide the consumer with a snapshot of the Lehigh Acres FL real estate market to help make informed decisions.

Lehigh Acres is a community located in Lee County, Florida. Lehigh Acres is known for its affordability, with Lehigh Acres FL homes for sale routinely selling at prices well below the surrounding areas. In addition, Lehigh Acres has seen a recent influx of new construction, meaning that there are plenty of brand new homes to choose from. Whether you’re looking for a starter home or an investment property, Lehigh Acres is worth considering as it offers affordable housing and close proximity to major attractions, such as Regional Southwest Airport (RSW) and Florida Gulf Coast University. Lehigh Acres is an up-and-coming community that offers first time buyers, who are priced out of surrounding communities, the option to become homeowners.

Metrics: Lehigh Acres FL Real Estate Market Trends - January 2022

  • Number of Sales in Lehigh Acres FL - Jan 2022
  • Number of Homes for Sale in Lehigh Acres FL - Jan 2022
  • Avg Days on Market in Lehigh Acres FL - Jan 2022
  • Months of Inventory in Lehigh Acres FL - Jan 2022

Lehigh Acres FL Home Sales by Month - January 2022

In January 2022, home sales in Lehigh Acres FL were 157 for the month, a 28 percent decrease from the previous month (Dec 2021). In the longer term, homes sales were 164 one year ago (Jan 2021), a 4 percent decrease.

As the chart below shows, sales have declined over the past four months. This could be a sign that the real estate market in Lehigh Acres FL is slowing down due to aggressive price increases over the past year.

Bar chart of Lehigh Acres sale for Jan 2022

Lehigh Acres FL Homes for Sales (Listings) by Month - January 2022

In Jan 2022, the number of homes for sale in Lehigh Acres FL was 847, that’s 80 more homes listed for sale than the previous month (Dec 2021), an increase of 10.4 percent. In the longer term, the number of homes for sale in Lehigh Acres FL was at 815, one year ago (Jan 2021). That is an increase of 4 percent.

Bar chart of listings in Lehigh Acres - Jan 2022

Lehigh Acres FL Average Days on Market by Month - January 2022

In January 2022, the average days on market for homes in Lehigh Acres was 17, that’s 4 days fewer than the previous month (Dec 2021), when the average days on market was 21. Looking back one year, the average number of days on market was 31 days.

Bar chart of average days on market in Lehigh Acres - Jan 2022

Lehigh Acres FL Months of Inventory by Month - January 2022

In Lehigh Acres FL, the number of months of inventory was 5 in January 2022. That is up one month from the previous month (Dec 2021), when there was a 4 months supply of Lehigh Acres homes listed for sale. The number of months of inventory in Lehigh Acres FL was at 5 one year ago (Jan 2021). The chart below shows real estate inventory levels for Lehigh Acres homes and condos over the past 13 months.

The real estate industry measures inventory levels in one-monthcrements. That is determined by how many months it would take to sell off the inventory of homes that are listed for sale on the market based on the average rate of sales by month. In Lehigh Acres FL, there are currently 847 homes for sale. That is a 5 month’spply based on how fast homes are selling in the Lehigh Acres FL real estate market.

The chart below (Inventory - Jan 2022) shows the supply of homes for sale in Lehigh Acres FL is increasing over the past 3 months. This may be a signal that the market

If you’re thinking about purchasing a vacation home in Lehigh Acres FL, you can visit the Lehigh Acres FL page to learn more about some of the most popular Lehigh Acres neighborhoods. click here to search for homes and condos for sale in Lehigh Acres FL.

Bar chart of real estate inventory in Lehigh Acres - Jan 2022

Table of Statistics and Percent Change

STATISTIC

CURRENT MONTH

PREVIOUS MONTH

CHANGE

Sales

157

218

Decrease 28% 

Listings

847

767

 Increase 10.4%
Average Days on Market

17

21

Decrease 4 Days 

Inventory

5

4

Increase 1 month

Summary: Lehigh Acres FL Real Estate Market Trends - January 2022

- Number of Sales in Lehigh Acres FL - Jan 2022: 157 homes sold, a 28% decrease from the previous month (Dec 2021). In the longer term, homes sales were 164 one year ago (Jan 2021), a 4 percent decrease.

- Number of Homes for Sale in Lehigh Acres FL - Jan 2022: 847, that’s 80 more homes listed for sale than the previous month (Dec 2021), a decrease of 10.4 percent. In the longer term, the number of homes listed for sale in Lehigh Acres FL was at 815, one year ago (Jan 2021). That is a decrease of 4 percent.

- Avg Days on Market in Lehigh Acres FL - Jan 2022: 17, that’s 4 days fewer than the previous month (Dec 2021), when the average days on market was 21. Looking back one year, the average days on market was 31 days.

- Months of Inventory in Lehigh Acres FL - Jan 2022: A 5 month supply of homes for sale in Lehigh Acres FL in January 2022. That is up one from the previous month (Dec 2021), when there was a 4 months supply of homes listed for sale. The number of months of inventory in Lehigh Acres FL was at 5 one year ago (Jan 2021).

The demand side of the equation continues to be very strong. The market favors sellers at this time. If you’re thinking about selling your home in Lehigh Acres FL, now could be a good time to put your home on the market.

If you’re thinking about purchasing a vacation home in Lehigh Acres FL, be aware that prices are at record highs and often are not supported by closed sale comparables. hope this report has been helpful. If you have questions about the Lehigh Acres FL real estate market or any other real estate market in the area, please contact us.

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Feb. 5, 2022

Bonita Springs Market Update - Jan 2022

Collage of scenes in Bonita Springs

If you're in the market for or selling real estate in Bonita Springs, Florida, it's important to stay up to date on the latest market trends. In this blog post, we'll provide an overview of the Bonita Springs housing market as of January 2022. Keep reading for more information!

Bonita Springs FL is a beautiful city located in southwest Florida. The real estate market is Bonita Springs is healthy and active, with a variety of homes available for sale.  Here are the key market metrics that we measure to give you an objective recap of market activity in January 2022.

Market Metrics for Bonita Springs FL - January 2022

  • Number of Home Sales - Bonita Springs FL - Jan 2022
  • Number of Active Listings on the Market - Bonita Springs FL - Jan 2022
  • Average Days on Market - Bonita Springs FL - Jan 2022
  • Months of Inventory - Bonita Springs FL - Jan 2022

Bonita Springs FL Home Sales - January 2022

Homes sales in Bonita Springs, Florida totaled 252 in the month of January, 2022. This represents a decrease of 18.5% from 309 homes sold in December, 2021. Additionally, this is 31 percent lower than the 368 homes sold in Bonita Springs one year ago in January, 2021. The current real estate market conditions in Bonita Springs and the surrounding area may be contributing to the decrease in home sales. Low inventory levels and high prices may be keeping buyers on the sidelines. However, with interest rates remaining at historic lows, there may be an opportunity for buyers to enter the market. Only time will tell how the Bonita Springs housing market will fare in the coming months.

Homes for Sale - Bonita Springs FL - January 2022

The number of homes for sale in Bonita Springs, FL increased by 27% in January 2022 compared to the previous month. This is good news for buyers who are looking for more inventory in the market. Homes are selling fast in Bonita Springs and this increase in listings will give buyers more options to choose from. One year ago, the number of homes for sale in Bonita Springs was 90% higher than it is today. The current market conditions are favorable for sellers as there is high demand and low supply. If you are thinking of selling your home, now is a good time to do so. Contact a real estate agent in Bonita Springs to learn more about the current market conditions and how to maximize your home's value.

Average Days on Market - Bonita Springs FL - January 2022

Homes for sale in Bonita Springs FL are selling quickly! The average days on market in January was 14 days. That is 4 days fewer than the previous month of December 2021, when the average days on market was 18 in Bonita Springs. In the longer term, one year ago, the average days on market in Bonita Springs, FL was 85 days. This shows that the real estate market in Bonita Springs has changed dramatically in the past year. Homes are selling much faster than they were just a year ago. If you are thinking of buying a home in Bonita Springs, now is a great time to do it!

Months of Inventory - Bonita Springs FL - January 2022

In January of 2022, there were 3 months of inventory on the market in Bonita Springs, Florida. This is one month more than in December of 2021, when the supply of homes listed for sale was at 2 months.  In January of 2021, the inventory for homes and condos listed for sale was at 4 months.  The average number of home sales per month has caused the decrease in inventory over the past year.  Homes and condos listed for sale in Bonita Springs FL have been selling at a faster pace than new listings have been coming onto the market.  The result is a decrease from 4 months of inventory one year ago to 3 months today.  If this trend continues, we may see an even tighter housing market in Bonita Springs.

Market Update Summary for Bonita Springs FL - January 2022

In January of 2022, there were a total of 252 home sales in Bonita Springs.  The number of homes for sale in Bonita Springs FL was 772 active listings. The average days on market for homes in Bonita Springs was 14 days, and the inventory of homes for sale was three months. 

A rule of thumb for buyers and sellers of real estate in Bonita Springs FL to understand, is that a six month supply of inventory represents a balanced market.  Based on the average number of home sales per month, the current inventory level is a three month supply of homes listed for sale.  A three month supply of inventory means it is a seller's market, meaning there are more buyers than sellers.

The Bonita Springs real estate market is a great place to buy a home, with a variety of houses and condos available. If you are looking for a city with a healthy real estate market, Bonita Springs is a great option to consider.

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Jan. 21, 2022

Lehigh Acres Market Report - December 2021

Lehigh Acres Market Report - December 2021

Number of Sales by Month in Lehigh Acres - December 2021

There were 216 homes sold in Lehigh Acres in December 2021.  Compared to 232 homes sold in November 2021, that represents a 6.9% decrease in the number of homes sold in Lehigh Acres Florida in December 2021.

The number of sales in a given month (by itself) is a data point.  When the monthly sales are charted over a period of time, it will show relative changes in terms of an increase, decrease or no change.

The bar chart below shows the  number of home sales in Lehigh Acres for the past six months.  The red line shows home sales have trended down slightly over the previous xxxxx

Number of listings by Month in Lehigh Acres - December 2021

There were 764 homes listed for sale in Lehigh Acres in December 2021.  Compared to 801 homes on the market in November 2021, that represents a 4.62% decrease in the number of homes for sale in Lehigh Acres Florida in December 2021.

The bar chart below shows the number of homes listed for sale in Lehigh Acres has been pretty stable over the previous six months.

Average Days on Market by Month - Lehigh Acres FL

Average days on the market looks at how many days (on average) it took, a home listed for sale, to go under contract. 

The average days on market in Lehigh Acres, FL was 21 days during the month of December 2021.

Days on market (DOM) is an important metric to follow because it helps to identify market changes.  The current market in Lehigh Acres is a seller's market, meaning, there are more buyers than sellers that are considered active in the market at this time.  

The bar chart below shows the average number of days it took to get a property listed for sale in Lehigh Acres, under contract.

The chart below shows the average days on market has been slowly increasing over the past six months.

Months of inventory in the Lehigh Acres FL real estate market by month

The supply of inventory in real estate markets are measured in months.  In other words, Inventory is the number of  homes that are listed for sale on the market.

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May 10, 2020

Sellers, If you want to sell (in any market) you must do these 3 things properly.

There are 3 things that must be done properly in order to successfully cause a sale.

  • Price the property correctly.
  • Market the property effectively (not as easy as it looks and very expensive)
  • Assess the condition and prepare the property for sale.

Today we are going to talk about pricing correctly.

 

If you have ever listed your property for sale and the listing expired (did not sell) you know how frustrating this can be. (In most cases, you can’t move forward until your property sells).

 

To add to your frustration, on the very day your listing expired, your phone probably rang off the hook with calls from Realtors claiming to be ready to get your property sold fast. (Where were all these Realtors last month?)

 

Let’s put things in perspective.

  • Selling real estate is not so easy.
  • As for listings expiring, yours was not the only one. Have a look...

Here are the numbers for last month.

 

In December, 1,019 new listings came on the market.  However, 1,886 listings expired that same month.  The fact is that most people do not price their property correctly and the result is the listing expires.

 

In most cases, the reason someone is looking to sell their property is often triggered by some sort of life event ( a death, divorce, need to downsize, job transfer, upsize, etc). The reason I mention this is because it's important to be objective when setting the price.

 

So how can a seller know they have the correct price to sell their property?

The answer to that question is this.

 

The price has to be supported by closed sales.  Specifically, properties that are similar, ideally in the same neighborhood and the sales should be recent  (6 months +/-).

 

Where can a seller find the information they need to determine the correct price?

 

Well one place sellers can find information is at the county property appraiser website.>>www.collierappraiser.com

 

But here is something to keep in mind.  There is definitely a learning curve to using the website.

Another issue is that the information is not always accurate.  The reason being, is that the property appraiser does not access the interior of the property when they do assessments.  That makes it hard to know if the property has any upgrades or if the property actually matches the county records.

 

Another source of home value information are sites like Zillow (Zestimate).  A Zestimate is really an AVM, an automated value model.  That is a fancy term for an average.  If there are a large number of similar properties that have recently sold in your area, then an AVM might be reasonably close.  However, there are many instances where that is not the case.  In fact, the CEO of Zillow actually sold a property he owned for $1.1 million when the property Zestimate said the value was $1.7million.  

 

Valuing a property is actually as much art form as it is exact science.  

 

How do banks determine the market value of properties they lend money on (mortgages)?

 

Banks hire certified appraisers who use public records such as county property appraiser and county tax records to determine property values.  Appraisers also often use one other source for property value information, and that source is the MLS. The Realtor Multiple Listing Service.

 

In fact the MLS is probably the best source for property value information and here’s why.

  • The majority of sales happen through the MLS.
  • MLS is highly accurate because Realtors usually gain access to the inside of the property and use the upgrades to help sell the property for top dollar.
  • MLS usually has lots of pictures of the interiors.
  • The information is very well organized.

How does a seller access the MLS?

If your property is located in SWFL, you can access the exact information you need here.

www.BonitaSpringsRealEstateHub.com.

  • See properties in your specific neighborhood
  • See Active listings
  • See listings that are under contract
  • See the recent closed sales
  • See pictures of all the properties

Click Here to see sample market report >>> MARKET REPORT

The best way a seller can figure out the correct price to sell their property is to compare it to properties that have recently sold, within close proximity (ideally located in their neighborhood) and in a recent time frame.

Posted in General Real Estate
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Jan. 18, 2020

Bonita Springs FL - Real Estate Market Report - December 2019

Bonita Springs FL Home Sales x Month - December 2019

Bonita Springs FL home sales were up 17.6% in the month of December.  The number of homes sold came in at 160 (Dec 2019), 24 more than the previous month, when home sales were at 136 (Nov 2019).  One year ago, Bonita Springs FL home sales were at 125 (Dec 2018).  Refer to bar graph below.

Bonita Springs FL Home Prices x Price Range - December 2019

According to MLS in December, the average sale price of a home in Bonita Springs FL was $494,661.  The average sale price for the previous month (November 2019) was $416,766.  

In order to put the information regarding home sale prices in a more meaningful context, I have taken the total number of homes sold for the month 160 (November 2019) and broken that number down by price ranges.  Refer to the chart below. 

There was a total of 160 transactions in Bonita Springs in the month of December.

The chart below shows the breakdown of those sales x price ranges.

14.4% of the translations were under $200,000.

44.4% of the transactions were in the price range of $200,000 to $400,000.

23.1% of the transactions were in the price range of $400,000 to $600,000

8.1% of the transactions were in the price range of $600,000 to $800,000

2.5% of the transactions were in the price range of $800,000 to $1,000,000

7.5% of the transactions were in price ranges over $1,000,000.

Bonita Springs FL - Home Sales x Price Range - December 2019

Sale Price # of Homes Sold Percent Percent
$0 - 100 0 0.0%
14.4%
$100 - 200 23 14.4%
$200 - 300 49 30.6%
44.4%
$300 - 400 22 13.8%
$400 - 500 23 14.4%
23.1%
$500 - 600 14 8.8%
$600 - 700 5 3.1%
8.1%
$700 - 800 8 5.0%
$800 - 900 3 1.9%
2.5%
$900 - 1,000 1 0.6%
$1,000+ 12 7.5% 7.5%
Total 160 100.0% 100%

Bonita Springs FL Active Listings x Month - December 2019

Active listings in Bonita Springs FL decreased less than 1% in the month of December.  The number of active listings was 1,124 (Dec. 2019), 8 less than the previous month when the number of active listings was 1,132 (Nov 2019).  One year ago, (Nov 2018) there were 1,341 active listings on the market in Bonita Springs FL.

The number of active listings will likely increase as much as 40% all the way through the 1st quarter of 2020.  This is normal market activity for this time of year.  Refer to the chart below to see the trend beginning to shape up.

Bonita Springs FL - Inventory & Absorption Rate - December 2019

The number of active listings represents the inventory of homes for sale in Bonita Springs FL.  Absorption rate is a term most commonly used in the real estate market to evaluate the rate at which available homes are sold in a specific market during a given time period. It is calculated by dividing the average number of sales per month by the total number of available homes.  

Based on a current inventory of 1,124 active listings or homes for sale in Bonita Springs FL, there are 7 months of inventory.  A 7 month supply of homes available for sale represents a market that favors buyers.

Bonita Springs FL - Market Report Summary - December 2019

 

Statistic November 2019 December 2019 Change
Homes sold 136 160 increase 17.6%
Active Listings 1,132 1,124 decrease less than 1%
Average sale price $416,766 $494,661 *
Lowest sale price $95,000 $104,000 *
Highest sale price $4,900,000 $7,250,000 *
Avg days on market 88 103 increase 15 days
Months of inventory 8 7 decrease 1 month

*Not a measure of market appreciation or depreciation.

Curious about what’s happening in your neighborhood? You can create a custom market report to see what’s active, under contract, and sold in your neighborhood! 

Considering selling or refinancing your home? Get an INSTANT property valuation now!

Contact us today to find out how we can be of assistance to you! Consultations are FREE.

Posted in Market Report
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Dec. 23, 2019

Bonita Springs FL - Real Estate Market Report - November 2019

Bonita Springs FL Home Sales x Month - November 2019

Bonita Springs FL home sales were up 5.4% in the month of November.  The number of homes sold came in at 136 (Nov 2019), 7 more than the previous month, when home sales were at 129 (Oct 2019).  One year ago, Bonita Springs FL home sales were at 159 (Nov 2018).  Refer to bar graph below.

Bonita Springs FL Home Prices x Price Range - November 2019

According to MLS in November, the average sale price of a home in Bonita Springs FL was $416,766.  The average sale price for the previous month (October 2019) was $442,443.  

In order to put the information regarding home sale prices in a more meaningful context, I have taken the total number of homes sold for the month 136 (November 2019) and broken that number down by price ranges.  Refer to the chart below. 

There was a total of 136 transactions in Bonita Springs in the month of November.

The chart below shows the breakdown of those sales x price ranges.

17.6% of the translations were under $200,000.

50.7% of the transactions were in the price range of $200,000 to $400,000.

24.3% of the transactions were in the price range of $400,000 to $600,000

2.9% of the transactions were in the price range of $600,000 to $800,000

0.7% of the transactions were in the price range of $800,000 to $1,000,000

3.7% of the transactions were in price ranges over $1,000,000.

Bonita Springs FL - Home Sales x Price Range - November 2019

Sale Price # of Homes Sold Percent Percent
$0 - 100 1 0.7%
17.6%
$100 - 200 23 16.9%
$200 - 300 37 27.2%
50.7%
$300 - 400 32 23.5%
$400 - 500 17 12.5%
24.3%
$500 - 600 16 11.8%
$600 - 700 3 2.2%
2.9%
$700 - 800 1 0.7%
$800 - 900 0 0.0%
0.7%
$900 - 1,000 1 0.7%
$1,000+ 5 3.7% 3.7%
Total 136 100.0% 100%

Bonita Springs FL Active Listings x Month - November 2019

Active listings in Bonita Springs FL increased by 2% in the month of November.  The number of active listings was 1,129 (Nov 2019), 22 more than the previous month when the number of active listings was 1,107 (Oct 2019).  One year ago, (Oct 2018) there were 1,332 active listings on the market in Bonita Springs FL.

The number of active listings will likely continue to increase as much as 40% all the way through the 1st quarter of 2020.  This is normal market activity for this time of year.  Refer to the chart below to see the trend beginning to shape up.

Bonita Springs FL - Inventory & Absorption Rate - November 2019

The number of active listings represents the inventory of homes for sale in Bonita Springs FL.  Absorption rate is a term most commonly used in the real estate market to evaluate the rate at which available homes are sold in a specific market during a given time period. It is calculated by dividing the average number of sales per month by the total number of available homes.  

Based on a current inventory of 1,129 active listings or homes for sale in Bonita Springs FL, there are 8 months of inventory.  An 8 month supply of homes available for sale represents a market that favors buyers.

Bonita Springs FL - Market Report Summary - November 2019

 

Statistic

October 2019

November 2019

Change

Homes sold

129

136

increase 5.4%

Active Listings

1,107

1,129

incease 2%

Average sale price

$442,443

$416,766

*

Lowest sale price

$69,000

$95,000

*

Highest sale price

$3,800,000

$4,900,000

*

Avgerage days on market

103

88

decrease 15 days

Months of inventory

9

8

decrease 1 month

*Not a measure of market appreciation or depreciation.

Curious about what’s happening in your neighborhood? You can create a custom market report to see what’s active, under contract, and sold in your neighborhood! 

Considering selling or refinancing your home? Get an INSTANT property valuation now!

Contact us today to find out how we can be of assistance to you! Consultations are FREE.

Posted in Market Report
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Nov. 15, 2019

Bonita Springs FL - Real Estate Market Report - October 2019

Bonita Springs FL Home Sales x Month - October 2019

Bonita Springs FL home sales were flat in the month of October.  The number of homes sold came in at 126 (Oct 2019) same as the previous month, when home sales were at 126 (Sept 2019).  One year ago, Bonita Springs FL home sales were at 125 (Oct 2018).

Bonita Springs FL Home Prices x Price Range - October 2019

According to MLS in October, the average sale price of a home in Bonita Springs FL was $447,426.  The average sale price for the previous month (Sept 2019) was $391,824.  

In order to put the information regarding home sale prices in a more meaningful context, I have taken the total number of homes sold for the month 126 (Oct 2019) and broken that number down by price ranges.  Refer to the chart below. 

There was a total of 126 transactions in Bonita Springs in the month of October.

The chart below shows the breakdown of those sales x price ranges.

18.3% of the translations were under $200,000.

46% of the transactions were in the price range of $200,000 to $400,000.

22.2% of the transactions were in the price range of $400,000 to $600,000

2.4% of the transactions were in the price range of $600,000 to $800,000

4.0% of the transactions were in the price range of $800,000 to $1,000,000

7.1% of the transactions were in price ranges over $1,000,000.

Bonita Springs FL - Home Sales x Price Range - October 2019

Sale Price # of Homes Sold Percent Percent
$0 - 100 2 1.6%
18.3%
$100 - 200 21 16.7%
$200 - 300 36 28.6%
46.0%
$300 - 400 22 17.5%
$400 - 500 19 15.1%
22.2%
$500 - 600 9 7.1%
$600 - 700 1 0.8%
2.4%
$700 - 800 2 1.6%
$800 - 900 4 3.2%
4.0%
$900 - 1,000 1 0.8%
$1,000+ 9 7.1% 7.1%
Total 126 100.0% 100%

Bonita Springs FL Active Listings x Month - October 2019

The number of active listings in Bonita Springs FL was 1,095 in the month of October.  That is 76 more than the previous month (Sept 2019), when the number of active listings was 1019, and represents a increase of 7.5% in the number of active listings on the market.  One year ago, (Oct 2018) there were 1,250 active listings on the market in Naples FL.

The number of active listings will likely continue to increase as much as 40% all the way through the 1st quarter of 2020.  This is normal market activity for this time of year.  Refer to the chart below to see the trend beginning to shape up.

Bonita Springs FL - Inventory & Absorption Rate - October 2019

The number of active listings represents the inventory of homes for sale in Bonita Springs FL.  Absorption rate is a term most commonly used in the real estate market to evaluate the rate at which available homes are sold in a specific market during a given time period. It is calculated by dividing the average number of sales per month by the total number of available homes.  

Based on a current inventory of 1,095 active listings or homes for sale in Bonita Springs FL, there are 9 months of inventory.  A 9 month supply of homes available for sale represents a market that favors buyers.

Summary - October 2019

Bonita Springs FL - Market Report Summary - October 2019

Statistic

September 2019

October 2019

Change

Homes sold

126

126

no change

Active Listings

1,019

1,095

increase 7.5%

Average sale price

$391,824

$447,426

*

Lowest sale price

$80,000

$69,000

*

Highest sale price

$1,970,000

$3,800,000

*

Avgerage days on market

112

103

decrease of 9 days

Months of inventory

8

9

increase 1 month

*Not a measure of market appreciation or depreciation.

Curious about what’s happening in your neighborhood? You can create a custom market report to see what’s active, under contract, and sold in your neighborhood! 

Considering selling or refinancing your home? Get an INSTANT property valuation now!

Contact us today to find out how we can be of assistance to you! Consultations are FREE.

Posted in Market Report
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