Bonita Lakes Real Estate Report! February 2, 2023
Posted:
Bonita Lakes Real Estate Report
Home Sale Activities at Bonita Lakes
Recent real estate sale activities are listed below. You can click on the addresses for complete MLS information for each of these properties.
10544 Espanola Dr – NEW LISTING
- Waterfront
- Outdoor kitchen
- Built 2014
- 3127 sq ft
- Priced at $1,065,000 – $341 per sq ft
23200 Sanabria Loop – NEW LISTING -> PENDING SALE
- Pool
- Built 2016
- 2585 sq ft
- Priced at $1,088,000 – $421 per sq ft
- On the market 14 days
10509 Valencia Lakes – PENDING SALE
- Pool & spa
- Built 2016
- 3218 sq ft
- Priced at $1,149,000 – $357 per sq ft
- Initially listed at $1,199,000 on November 3, 2022
- On the market 76 days
23056 Sanabria Loop – MULTIPLE PRICE INCREASES & DECREASES
- Two-story home
- Three-car garage
- Built 2015
- 4567 sq ft
- Now priced at $1,659,000 – $363 per sq ft
- Initially on the market July 17, 2022 listed at $1,799,999
Please note: Source for above information is the Southwest Florida MLS, data made available at the time of the publication by MLS participating brokers. It is reliable but not guaranteed; it is to be used for informational purposes only, not as sales promotional material. Not all of the properties listed above were listed or sold by MVP Realty.
Real Estate News
Bonita Springs-Estero Real Estate Market Report – Bonita Springs-Estero REALTOR® (BER®) released the December Market Report. Here are a few interesting home sale statistics comparing December 2022 to December 2021:
- Single-family home sale price decreased 3.3% to median of $590,000
- Single-family home active listings increased 125%
- Single-family home median time to contract increased 113% to 32 days
- Condo & townhouse sale price increased 2.9% to median of $432,000
- Condo & townhouse active listings increased increased 228%
- Condo & townhouse median time to contract increased 110% to 21 days
It is important to note that the above numbers can vary significantly for each community. The overall trend for the area: It is taking longer to sell homes as the inventory increases, homes selling for list price have now become rare, and prices are not rising…they are decreasing in some areas. However, if homes are priced correctly, they will sell!
Naples Area Real Estate Market Report – Naples Area Board of REALTOR® (NABOR®) released the December Market Report. Here are a few interesting comments:
- Overall closed sales in 2022 decreased 34.8% compared to 2021
- December 2022 median closed price was $575,000, a decrease from $600,000 a month earlier
- December inventory increased over 100% from a year ago, doubling in all price categories except properties priced under $300,000
- Expect home values to stabilize, readjusting to the new redefined market conditions
- Even though new home sales slowed in December, they still consumed 16.7% of all sales, a slight increase over the last two months
December 2022 compared to December 2021:
For details, trends, and year-to-date Naples area market statistics click here. Highlights from the December 2022 market report compared to December 2021:
| Categories | December 2021 | December 2022 | Change |
|---|---|---|---|
| Total showings (month/month) | 25,464 | 19,227 | -24.0% |
| Total closed sales (month/month) | 1,103 | 636 | -42.3% |
| Total pending sales (homes under contract) (month/month) | 1,038 | 682 | -34.3% |
| Median closed price (month/month) | $505,000 | $575,000 | 13.9% |
| New listings (month/month) | 866 | 765 | -11.7% |
| Total active listings (inventory) | 1,195 | 2,465 | 106.3% |
| Average days on market | 27 | 49 | 81.5% |
| Single-family closed sales month/month) | 538 | 335 | -37.7% |
| Single-family median closed price (month/month) | $675,000 | $735,000 | 8.9% |
| Single-family inventory | 764 | 1,504 | 96.9% |
| Condominium closed sales (month/month) | 565 | 301 | -46.7% |
| Condominium median closed price (month/month) | $405,000 | $455,000 | 12.3% |
| Condominium inventory | 431 | 961 | 123.0% |
About Our Company
MVP Realty Associates, LLC – MVP Realty is a Naples based real estate company with agents and offices located throughout Florida:
- $2.429 billion in home sales and 6,329 closed transactions in 2022
- One of the largest real estate companies in Florida
- Top 1% in total sales transactions
- The #2 real estate company in SWFL
- More than 20 offices across Florida
- Over 1,200 agents who will help market your property to prospective Buyers
- Fastest growing real estate company in Florida the past ten years
- Brokers have 80+ years of broker experience
- Best agent training, technology and tools in the industry
