Bonita Springs - Estero Market Report
Welcome, please find the most recent Market Update from the Bonita Springs - Estero Board of REALTORS; one of the Local MLS Boards here in SW FL where we help Sellers and Buyers to achieve their REAL ESTATE GOALS.
Bonita Springs - Estero from Barry Hoey PA & Kimberly Zuponcic PA with the Hoey Team Brokered by eXp Realty, in Southwest Florida - Most recent on Top.
July 2018 Report, Bonita Springs and Estero Markets:
Bonita Springs, FL | July 27, 2018 ------ According to the Bonita Springs-Estero REALTORS® Media Committee, Realtor.com has reported over 7 million search result page views in the Bonita Springs and Estero markets for the month of June 2018, as well as an average of 118 views per active listing. Additionally, while the nation’s numbers show decreased inventory and interest in home sales, interest is still very active in the Bonita Springs and Estero markets. “Bonita Springs and Estero is still on the hot list for many interested buyers who are already here and for buyers in other markets,” stated Jerry Murphy. He adds, “While inventory for the $3-500K segment has decreased, buyers are watching the market and are looking at all price points.” As the back-to-school season rapidly approaches, open house activity is expected to increase as buyers look to purchase prior to the new school year and the winter season.
Overall, according FGCU’s July 2018 Economic Indicators Report, the area continues to display signs of strong growth, with interest in the Bonita Springs and Estero markets adding to this overall positive outlook.
Inventory for both single-family homes and condominiums showed an overall one percent increase over July 2017. While single-family homes showed a 5 percent increase in inventory specifically, condominium inventory has dropped off slightly. “Inventory numbers directly relate to availability, as do closings. Despite minor inventory fluctuations, closings are steady with just a 4 percent decrease for 12-month ending June 2018 vs. June 2017,” stated Bonita Springs-Estero REALTORS® President and Area Broker, Joe Pavich, Sr.
Price repositioning in the market continues into June with 179 single-family and 120 price repositions in the condo market. “With close to 300 repositions overall, homeowners realize that summertime in Southwest Florida is a great time to list because the competition is less than in season, and because summer buyer and sellers are very motivated, so pricing is key,” stated Kevin Jarrett. “Price repositioning also helps those who are getting ready to list,” adds Julie Ross, Appraiser, Carroll and Carroll Real Estate Appraisers and Consultants. “It allows sellers and their agents to obtain accurate information to price and prepare the property for listing. In addition to price repositions, Canadians who took advantage of the value of the Canadian dollar some years ago are now selling and seeing favorable returns now.
Overall, the Bonita Springs and Estero markets showed a slight decrease of 3 percent in pending units and a 4 percent decrease in closings for 12-month June-ending figures. The median price remains steady, while the days-on-market has increased by 11 percent, most likely due to steady price repositioning throughout the year.
The Bonita Springs-Estero REALTORS® June 2018 Report shows these overall findings for both single family and condominiums combined.
Month over Month 6/2017
Month over Month 6/2018
% Change Pending Sales Units 238 209 -12 Closed Sales Units 315 279 -11 Median Closed Price $295,000 $293,000 -1 Average Days on Market 96 107 11 12-Month Ending 6/2017 12-Month Ending 6/2018
% Change Pending Sales Units 3,166 3,068 -3 Closed Sales Units 3,120 2,985 -4 Median Closed Price $295,000 $296,000 1 *Current Avg Month's Supply 5.71 6.19 >1
To ensure your next real estate transaction in the Bonita Springs or Estero market is a success, please email Kim or Barry with the Hoey Team Brokered by eXp Realty ator, Call/Text the Hoey Team: (239)-360-5527 with questions or for more info on Bonita-Estero or any other part of SW Florida where we specialize.
Barry & Kim with the Hoey Team
Barry Hoey PA, REALTOR®, GRI
Full time Real Estate Broker Associate
Kimberly Zuponcic PA, Realtor
Full time Real Estate Sales Associate
"Your Real Estate Concierge"
Call/Text the Hoey Team: (239)-360-5527
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