BONITA BAY Q3 MARKET REPORT 2019-2023
The median price of the Single Family homes sold in Bonita Bay doubled from just under $1.2 million in 2019 to $2.5 million in 2022. YTD Q3 2023 the median price declined slightly from $2.7 million to $2.5 million, but the number of sales was small in both years.
Sales increased until around Q3 2021, thereafter returning to pre-pandemic levels and below.
The median price of the Villas sold in Bonita Bay increased more than 50% from $554,100 in 2019 to $862,500 in 2022. YTD Q3 2023, the median price has increased a further 15% to almost $1 million.
The number of sales has fluctuated in recent years, but the overall number is quite small.
The median price of the Condos sold in Bonita Bay increased 70% from just under $500,000 in 2019 to $831,000 in 2022. On the surface, the median price jumped to $1.1 million YTD Q3 2023, but the 31 sales at Omega boosted the median price. Without those sales, the YTD Q3 median price would be $794,000, a drop of some 6% from the YTD Q3 2022 level, when there were no sales at Omega.
This report analyses the Median Price and Sales per quarter since 2019, along with the Sales by Price point, Price per Sq.Ft., and the Days properties were on the market before receiving an offer (DTO).
Median numbers are used in all calculations.
Click on BONITA BAY MARKET REPORT 2019_2023 to read the full report.
And read these articles:
More insurers coming to Florida
Core Inflation Prices Barely Budged in August
August Housing Market: Median Prices Rise Year on Year
Home Prices Are Rebounding
Insurance Reform : Premiums still rising sharply
Naples Mid-year 2023 Market Stats
- Andrew Oliver, M.B.E., M.B.A.
Real Estate Advisor