Bonita Lakes Real Estate Report! February 28, 2023

Bonita Lakes Real Estate Report

• Pool & spa
• Outdoor kitchen
• Built 2012
• 2565 sq ft
• Priced at $948,000 – $370 per sq ft

• Waterfront
• Pool & spa
• Outdoor kitchen
• Built 2013
• 2576 sq ft
• Priced at $1,099,000 – $427 per sq ft

• Waterfront
• Built 2014
• 3127 sq ft
• Priced at $1,065,000 – $341 per sq ft
• On the market 18 days

• Waterfront
• Pool & spa
• Built 2013
• 2570 sq ft
• Priced at $998,500 – $389 per sq ft
• Initially on the market November 3, 2022 listed at $1,050,000
• On the market 91 days

• Two-story home
• Waterfront
• Pool
• Built 2016
• 3218 sq ft
• Priced at $1,149,000
• Sold for $1,035,000 – $322 per sq ft
• Initially listed at $1,199,000 on November 3, 2022
• On the market 76 days

• Two-story home
• Three-car garage
• Built 2015
• 4567 sq ft
• Now priced at $1,669,000 – $365 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.

Bonita Springs-Estero Real Estate Market – Bonita Springs-Estero REALTOR® (BER®) released the January Market Report.  Here are a few interesting observations:

• Number of sales transactions have leveled off the past seven months
• Cash sales have been increasing each month
• Single-family home median sales prices have been trending downward the past year
• Median percent of origin list price has averaged around 96% the past six months
• Number of sales closed during the month has been trending downward for nearly a year
• Days to contract and close is have been increasing the past year
• Number of properties going on the market each month have doubled in the past four months

For detail, trends, and year-to-date Bonita Springs-Estero market statistics, check out the Bonita Springs-Estero Market Report.  It is important to note that these statistics can vary significantly for each community.

Naples Area Real Estate Market – Naples Area Board of REALTOR® (NABOR®) released the January Market Report. Here are a few interesting observations:

• Many new listings created a spike in the inventory for the month
• Median closed price has been holding fairly steady the past year
• Number of homes closed in January decreased over 33% from a year ago
• January showings almost doubled the number in December
• Overall inventory increased 74% from December 2022
• There were 1,092 price reductions reported for the month to stimulate sales
• Days on market have been trending upward for the past eight months, reaching 55 for January

For details, trends, and year-to-date Naples area market statistics, check out the Naples Area Market Report.  It is important to note that these statistics can vary significantly for each community.

Video:  January 2023 Market Report

Highlights from the January 2023 Market Report compared to January 2022:

Categories	January 2022	January 2023	Change
Total showings (month/month)	44,741	35,975	-20.0%
Total closed sales (month/month)	839	555	-33.8%
Total pending sales (homes under contract) (month/month)	1,373	1,092	-20.5%
Median closed price (month/month)	$540,000	$600,000	11.1%
New listings (month/month)	1,297	1,338	3.2%
Total active listings (inventory)	1,212	2,699	122.7%
Average days on market	24	54	125%
Single-family closed sales month/month)	406	275	-32.3%
Single-family median closed price (month/month)	$674,378	$715,000	6.0%
Single-family inventory	739	1,596	116.0%
Condominium closed sales (month/month)	433	280	-35.3%
Condominium median closed price (month/month)	$425,000	$482,500	13.5%
Condominium inventory	473	1,103	133.2%

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