Bonita Springs Real Estate Report! May 2, 2023

Hawthorne Real Estate Report

• Coach home
• Preserve view
• Built 2009
• 2296 sq ft
• Priced at $499,000 – $217 per sq ft

• Single-family home
• Preserve view
• Built 2013
• 2032 sq ft
• Priced at $650,000 – $320 per sq ft

• Coach home
• Preserve view
• Built 2014
• 1769 sq ft
• Priced at $520,000 – $294 per sq ft

• Single-family pool home
• Corner lot
• Built 2008
• 2434 sq ft
• Priced at $879,000 – $361 per sq ft

• Single-family home
• Waterfront
• Pool & spa
• Built 2011
• 2000 sq ft
• Priced at $739,000 – $370 per sq ft

• Single-family pool home
• Waterfront
• Built 2007
• 2434 sq ft
• Priced at $929,000 – $382 per sq ft

• Coach home
• Waterfront
• Built 2010
• 1747 sq ft
• Priced at $499,000 – $286 per sq ft

• Single-family home
• Built 2011
• 2003 sq ft
• Priced at $690,000 – $344 per sq ft

• Two-story home
• Corner lot
• Buil26201747 sq ft
• Priced at $725,000 – $277 per sq ft
• Initially on the market May 2022 priced at $795,000

• Single-family pool home
• Preserve view
• Built 2012
• 2535 sq ft
• Priced at $959,900
• Sold for $948,900- $374 per sq ft
• On the market seven days

• Coach home
• Preserve view
• Built 2006
• 1747 sq ft
• Priced at $524,900 – $300 per sq ft
• On the market 11 days

• Single-family home
• Preserve view
• Three car garage
• Pool & spa
• Built 2013
• 2554 sq ft
• Priced at $935,000
• Sold for $890,000 – $348 per sq ft
• On the market 27 days

• Coach home
• Preserve view
• Built 2013
• 2095 sq ft
• Priced at $489,000
• Sold for $489,000 – $233 per sq ft
• On the market 10 days

• Single-family home
• Waterfront
• Pool & spa
• Built 2011
• 2000 sq ft
• Priced at $739,000
• Sold for $739,000  – $370 per sq ft
• On the market two days

• Coach home
• Preserve view
• Built 2009
• 1747 sq ft
• Priced at $524,999
• Sold for $510,000 – $292 per sq ft
• On the market four days

• Single-family home
• Preserve view
• Built 2007
• 2153 sq ft
• Priced at $699,995
• Sold for $679,000 – $315 per sq ft
• On the market 24 days
• Initially listed at $715,900

• Coach home
• Preserve view
• Built 2009
• 2296 sq ft
• Priced at $492,000
• Sold for $480,000 – $209 per sq ft
• On the market 12 days

• Coach home
• Waterfront
• Built 2006
• 2296 sq ft
• Priced at $529,000- $230 per sq ft
• On the market 56 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.

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%

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