Bonita Lakes Real Estate Report! March 25, 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 Valencia Lakes – NEW LISTING
- Two-story pool home
- Three car garage
- Built 2017
- 3486 sq ft
- Priced at $1,299,000 – $373 per sq ft
23060 Sanabria Loop – NEW LISTING
- Pool & spa
- Three car garage
- Outdoor kitchen
- Built 2015
- 3370 sq ft
- Priced at $1,200,000 – $356 per sq ft
23144 Sanabria Loop – NEW LISTING -> PENDING SALE -> BACK ON THE MARKET
- Two-story home
- Pool & spa
- Three car garage
- Built 2015
- 3821 sq ft
- Priced at $1,450,000 – $379 per sq ft
23056 Sanabria Loop – TWO PRICE REDUCTIONS
- Three car garage
- Built 2015
- 4567 sq ft
- Now priced at $1,479,999 – $324 per sq ft
- Initially on the market July 2022 listed at $1,799,999
23441 Sanabria Loop – PENDING SALE
- Waterfront
- Pool & spa
- Built 2013
- 2576 sq ft
- Priced at $1,099,000 – $427 per sq ft
- On the market 17 days
10544 Espanola Dr – SOLD
- Waterfront
- Three car garage
- Built 2014
- 3127 sq ft
- Priced at $1,065,000
- Sold for $1,042,500 – $333 per sq ft
- On the market 18 days
23064 Sanabria Loop – SOLD
- Three car garage
- Pool & spa
- Built 2013
- 3122 sq ft
- Priced at $995,000
- Sold for $960,000 – $308 per sq ft
- Initially on the market October 2022 listed at $1,199,000
23200 Sanabria Loop – SOLD
- Pool
- Built 2016
- 2585 sq ft
- Priced at $1,088,000
- Sold for $1,050,000 – $406 per sq ft
- On the market 14 days
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
List Price – What does it really mean?
- Is the List Price of a property necessarily a “true” value of that property? No
- Does the List Price mean that the property will sell at a price near the asking price? No
- Will a grossly overpriced property sell? Not likely in today’s market
The List Price sometimes doesn’t really mean anything. It may only be a price at a Seller’s “wishful thinking” or just an arbitrary number. The present real estate market is going to tell you what property is worth. You can obtain this information in a Comparative Market Analysis provided by your real estate professional.
Bonita Springs-Estero Real Estate Market – Bonita Springs-Estero REALTOR® (BER®) released the February Market Report. Here are a few interesting observations:
- Single-family home median sales prices decreased from $750,000 in January to $745,783 in February
- Single-family home inventory increased from 322 in January to 348 properties in February
- Condo median sales price decreased from $509,950 in January to $445,000 in February
- Condo inventory increased from 305 in January to 338 properties in February
Naples Area Real Estate Market – Naples Area Board of REALTOR® (NABOR®) released the February Market Report. Here are a few interesting observations:
- February’s overall median home price remained same as January at $600,000
- Closed and pending sales increased in February over January
- February new listings were down 2% compared to January
- Days on Market increased by one day in February from a month earlier
- Unlike most of the Unites States, over 60% of closings are cash sales
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: February 2023 Market Report
Highlights from the February 2023 Market Report compared to February 2022:
| Categories | February 2022 | February 2023 | Change |
|---|---|---|---|
| Total showings (month/month) | 43,032 | 35,574 | -15.0% |
| Total closed sales (month/month) | 824 | 682 | -17.2% |
| Total pending sales (homes under contract) (month/month) | 1,480 | 1,231 | -16.8% |
| Median closed price (month/month) | $550,000 | $600,000 | 9.1% |
| New listings (month/month) | 1,294 | 1,303 | 0.7% |
| Total active listings (inventory) | 1,225 | 2,835 | 131.4% |
| Average days on market | 24 | 55 | 129.2% |
| Single-family closed sales month/month) | 442 | 365 | -17.4% |
| Single-family median closed price (month/month) | $655,500 | $725,000 | 10.6% |
| Single-family inventory | 749 | 1,649 | 120.2% |
| Condominium closed sales (month/month) | 382 | 317 | -17.0% |
| Condominium median closed price (month/month) | $425,000 | $495,000 | 16.5% |
| Condominium inventory | 476 | 1,186 | 149.2% |
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
- In the top 500 out of 106,548 brokerage firms in the United States for sales volume and number of 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
- Brokers have 80+ years of broker experience
- Best agent training, technology and tools in the industry
