Bonita Springs Real Estate Report! March 25, 2023
Posted:
Hawthorne Real Estate Report
Home Sale Activities at Hawthorne
Recent real estate sale activities are listed below. You can click on the addresses for complete MLS information for each of these properties.
26437 Lucky Stone Rd #101 – NEW LISTING
- Coach home
- Preserve view
- Built 2006
- 1747 sq ft
- Priced at $524,000 – $300 per sq ft
10393 Flat Stone Loop – BACK ON THE MARKET
- Two-story home
- Waterfront
- Built 2007
- 2620 sq ft
- Priced at $725,000 – $277 per sq ft
- Initially on the market May 2022 listed at $795,000
10384 Yorkstone Dr – BACK ON THE MARKET -> PENDING SALE
- Single-family home
- Preserve view
- Three car garage
- Built 2013
- 2554 sq ft
- Priced at $935,000 – $366 per sq ft
- On the market 27 days
26323 Stonewall Ln – NEW LISTING -> PENDING SALE
- Single-family home
- Waterfront
- Pool & spa
- Built 2011
- 2000 sq ft
- Priced at $739,000 – $370 per sq ft
- On the market two days
26479 Lucky Stone Rd #102 – NEW LISTING -> PENDING SALE
- Coach home
- Preserve view
- Built 2009
- 1747 sq ft
- Priced at $524,999 – $301 per sq ft
- On the market four days
10248 Cobble Notch Loop #202 – PENDING SALE
- Coach home
- Preserve view
- Built 2013
- 2095 sq ft
- Priced at $489,000 – $233 per sq ft
- On the market 10 days
10320 Flat Stone Loop – SOLD
- Single-family pool home
- Waterfront
- Built 2010
- 1660 sq ft
- Priced at $855,000
- Sold for $590,000 – $355 per sq ft
- On the market two days
26431 Lucky Stone Rd #102 – SOLD
- Coach home
- Preserve view
- Built 2006
- 1644 sq ft
- Priced at $438,500
- Sold for $410,000 – $249 per sq ft
- On the market 20 days
- Initially listed at $469,000 on January 11, 2023
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