Naples-Bonita Springs-Estero Real Estate Report! February 28, 2023
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Naples-Bonita Springs-Estero Real Estate Report
Real Estate News
Bonita Springs-Estero Real Estate Market – Bonita Springs-Estero REALTOR® (BER®) released the January Market Report. Here are a few interesting observations:
- Number of sales transactions have leveled off the past seven months
- Cash sales have been increasing each month
- Single-family home median sales prices have been trending downward the past year
- Median percent of origin list price has averaged around 96% the past six months
- Number of sales closed during the month has been trending downward for nearly a year
- Days to contract and close is have been increasing the past year
- Number of properties going on the market each month have doubled in the past four months
For detail, trends, and year-to-date Bonita Springs-Estero market statistics, check out the Bonita Springs-Estero Market Report. It is important to note that these statistics can vary significantly for each community.
Naples Area Real Estate Market – Naples Area Board of REALTOR® (NABOR®) released the January Market Report. Here are a few interesting observations:
- Many new listings created a spike in the inventory for the month
- Median closed price has been holding fairly steady the past year
- Number of homes closed in January decreased over 33% from a year ago
- January showings almost doubled the number in December
- Overall inventory increased 74% from December 2022
- There were 1,092 price reductions reported for the month to stimulate sales
- Days on market have been trending upward for the past eight months, reaching 55 for January
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: January 2023 Market Report
Highlights from the January 2023 Market Report compared to January 2022:
| Categories | January 2022 | January 2023 | Change |
|---|---|---|---|
| Total showings (month/month) | 44,741 | 35,975 | -20.0% |
| Total closed sales (month/month) | 839 | 555 | -33.8% |
| Total pending sales (homes under contract) (month/month) | 1,373 | 1,092 | -20.5% |
| Median closed price (month/month) | $540,000 | $600,000 | 11.1% |
| New listings (month/month) | 1,297 | 1,338 | 3.2% |
| Total active listings (inventory) | 1,212 | 2,699 | 122.7% |
| Average days on market | 24 | 54 | 125% |
| Single-family closed sales month/month) | 406 | 275 | -32.3% |
| Single-family median closed price (month/month) | $674,378 | $715,000 | 6.0% |
| Single-family inventory | 739 | 1,596 | 116.0% |
| Condominium closed sales (month/month) | 433 | 280 | -35.3% |
| Condominium median closed price (month/month) | $425,000 | $482,500 | 13.5% |
| Condominium inventory | 473 | 1,103 | 133.2% |
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
- Top 1% in total sales 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
- Fastest growing real estate company in Florida the past ten years
- Brokers have 80+ years of broker experience
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