Southwest Florida Real Estate
Information on Homes, New Developments, Communities, and Lifestyle

Bonita Lakes Real Estate Report! March 25, 2023


Bonita Lakes Real Estate Report

Bonita Lakes

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

  • 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 MarketBonita 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 MarketNaples 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
Naples real estate

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

Please contact me for your home selling and home buying needs…for both new construction and resale residential properties.

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