Bonita Lakes Real Estate Report! May 28, 2022
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.
23132 Sanabria Loop – NEW LISTING
- Preserve view
- Built 2014
- 2720 sq ft
- Priced at $899,000 – $331 per sq ft
23243 Sanabria Loop – NEW LISTING
- Corner Lot
- Pool & spa
- Built 2017
- 2566 sq ft
- Priced at $869,000 – $339 per sq ft
23412 Sanabria Loop – NEW LISTING
- Built 2013
- 2572 sq ft
- Priced at $850,000 – $330 per sq ft
23208 Sanabria Loop – PRICE REDUCTION
- Preserve view
- Pool
- Built 2017
- 2628 sq ft
- Now priced at $929,000 – $354 per sq ft
- Initially priced at $949,000 on April 13, 2022
23136 Sanabria Loop – NEW LISTING -> PENDING SALE
- Preserve view
- Pool
- Three car garage
- Built 2015
- 3722 sq ft
- Priced at $1,280,000 – $344 per sq ft
- On the market six days
10565 Espanola Dr – SOLD
- Waterfront
- Pool & spa
- Three car garage
- Built 2015
- 3128 sq ft
- Priced at $1,250,000
- Sold for $1,355,000 – $433 per sq ft
- On the market one day
23255 Sanabria Loop – SOLD
- Waterfront
- Pool & spa
- Built 2017
- 2572 sq ft
- Priced at $919,000
- Sold for $950,000 – $369 per sq ft
- On the market four days
23496 Sanabria Loop – SOLD
- Pool
- Built 2013
- 3128 sq ft
- Priced at $849,900
- Sold for $850,000 – $333 per sq ft
- On the market three 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.
It’s a Seller’s Market
The desire to live in Southwest Florida continues to fuel real estate sales. Inventory of homes “For Sale” is up but still less than two month supply! If you are considering selling your home, please contact me for a free market analysis.
Real Estate News
Naples Area Real Estate Market Report – Naples Area Board of REALTOR® (NABOR®) released the April Market Report. Here are a few interesting statistics and comments:
- Inventory of single-family homes up nearly 40% in a month resulting in highest level since March 2021
- Market self-correcting with 33% of home inventory with price reduction in April
- There is virtually no data in the MLS for home sales priced below $300,000 with only 96 properties in this category in April’s inventory
- Median closed prices continue to rise in the single-family home market while median condo prices decreased compare to March
- Rising mortgage rates are likely reducing the number of qualified buyers but it did not negatively impact buyer interest in April
- Backup offers are being recommended as over 600 properties that went pending were put back onto the market in the last two months
April 2022 compared to April 2021:
For details, trends, and year-to-date Naples area market statistics click here. Highlights from the April 2022 market report compared to April 2021:
| Categories | April 2021 | April 2022 | Change |
|---|---|---|---|
| Total showings (month/month) | 52,540 | 37,914 | -28% |
| Total closed sales (month/month) | 1,926 | 1,227 | -36.3% |
| Total pending sales (homes under contract) (month/month) | 2,037 | 1,377 | -32.4% |
| Median closed price (month/month) | $440,000 | $599,000 | 36.1% |
| New listings (month/month) | 1,494 | 1,454 | -2.7% |
| Total active listings (inventory) | 1,432 | 1,668 | -16.5% |
| Average days on market | 55 | 16 | -70.9% |
| Single-family closed sales month/month) | 838 | 569 | -32.1% |
| Single-family median closed price (month/month) | $605,000 | $810,000 | 33.9% |
| Single-family inventory | 729 | 1,017 | 39.5% |
| Condominium closed sales (month/month) | 1,088 | 658 | -39.5% |
| Condominium median closed price (month/month) | $318,000 | $460,000 | 44.7% |
| Condominium inventory | 703 | 651 | -7.4% |
About Our Company
MVP Realty Associates, LLC – MVP Realty is a Naples based real estate company with agents and offices located throughout Florida:
- Exceeded $2.5 billion in home sales in 2021 and closed over 8,000 transactions
- 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 1,100 agents who will help market your property to prospective Buyers
- Fastest growing real estate company in Florida the past eight years
- Brokers have 75+ years of broker experience
- Best agent training, technology and tools in the industry
