Bonita Lakes Real Estate Report! May 3, 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.
23088 Sanabria Loop – NEW LISTING -> PRICE REDUCTION
- Pool & spa
- Three car garage
- Built 2015
- 2720 sq ft
- Now priced at $1,279,000 – $470 per sq ft
- Initially listed at $1,365,000
23264 Sanabria Loop – NEW LISTING
- Three car garage
- Built 2016
- 2842 sq ft
- Priced at $895,000 – $315 per sq ft
23060 Sanabria Loop – BACK ON THE MARKET
- Pool & spa
- Three car garage
- Built 2015
- 3370 sq ft
- Priced at $1,200,000 – $356 per sq ft
23056 Sanabria Loop – PRICE REDUCTION
- Three car garage
- Built 2015
- 4567 sq ft
- Now priced at $1,350,000 – $296 per sq ft
- Initially on the market July 2022 listed at $1,799,999
23441 Sanabria Loop – BACK ON THE MARKET
- Waterfront
- Pool & spa
- Built 2013
- 2576 sq ft
- Priced at $1,099,000 – $427 per sq ft
10544 Valencia Lakes – PENDING
- Corner lot
- Three car garage
- Built 2017
- 3486 sq ft
- Priced at $1,249,000 – $358 per sq ft
- On the market 49 days
23144 Sanabria Loop – PENDING
- Three car garage
- Pool & spa
- Built 2015
- 3821 sq ft
- Priced at $1,450,000 – $379 per sq ft
- On the market eight days
23479 Sanabria Loop – SOLD
- Waterfront
- Pool & spa
- Built 2013
- 2570 sq ft
- Priced at $998,500
- Sold for $984,000 – $383 per sq ft
- On the market 91 days
- Initially priced at $1,050,000
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
What a Change in Four Years!
Per Naples Area Board of REALTORS® , the average home sale price in Naples in March 2019 was $597,081. Last month it was $1,018,469.
Bonita Springs-Estero Real Estate Market – Bonita Springs-Estero REALTOR® (BER®) released the March Market Report. Here are a few interesting observations:
- Year-To-Date statistics compared to 2022:
- New listings up 1.7%
- Pending sales down 12.7%
- Average days on market up 146%
- Closed sales down 14.5%
- March 2023 versus March 2022
- New listings down 5.2%
- Pending sales down 5.9%
- Average days on market down 153.8%
- Closed sales down 10.6%
- Active inventory up 104%
- There are still some negative effects of Ian, primarily in western Lee County, that are impacting sales activity
Naples Area Real Estate Market – Naples Area Board of REALTOR® (NABOR®) released the March Market Report. Here are a few interesting observations:
- Inventory continues to increase, giving Buyers many more choices
- Market continues to move towards pre-COVID levels of activity and stability, a more balanced Seller-Buyer market
- More price reductions by Sellers who failed to price their homes competitively when originally listed
- Number of showings in March increased nearly 6% compared to February
- Average days on market decreased from 55 in February to 49 in March
- Pending sales increased from 1,231 in February to 1,377 in March
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: March 2023 Market Report
Highlights from the March 2023 Market Report compared to March 2022:
| Categories | March 2022 | March 2023 | Change |
|---|---|---|---|
| Total showings (month/month) | 43,206 | 38,753 | -10.0% |
| Total closed sales (month/month) | 1,218 | 1,017 | -16.5% |
| Total pending sales (homes under contract) (month/month) | 1,611 | 1,377 | -14.5% |
| Median closed price (month/month) | $573,000 | $615,000 | 7.3% |
| New listings (month/month) | 1,667 | 1,369 | -17.9% |
| Total active listings (inventory) | 1,507 | 2,900 | 92.4% |
| Average days on market | 22 | 49 | 122.7% |
| Single-family closed sales month/month) | 605 | 495 | -18.2% |
| Single-family median closed price (month/month) | $740,000 | $740,000 | 0% |
| Single-family inventory | 899 | 1,661 | 84.8% |
| Condominium closed sales (month/month) | 613 | 522 | -14.8% |
| Condominium median closed price (month/month) | $465,000 | $491,450 | 5.9% |
| Condominium inventory | 608 | 1,239 | 103.8% |
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
