Bonita Springs June Housing Market Summary
The 3-month median price for Single Family Homes in Bonita Springs continued to rise sharply, reaching $531,000 for the April-June quarter, some 38% higher than a year ago, and breaking decisively upwards from the $400,000 level.
Dramatic price movements often occur when the number of sales is small, but that has not been the case in Bonita Springs, where sales have increased sharply over the last year:
The Condo market has seen a smaller, but still significant, increase of around 15% to $335,000, breaking sharply above $300,000:
Condo sales have also increased:
It is too early to tell if the usual, slower seasonal pattern will re-emerge after the COVID-inspired frenzy of the last year. It is worth remembering that visitors from Europe were totally absent in the last year, while the number of Canadian visitors also dropped. Visits from both groups are expected to recover as and when restrictions on travel are eased.
Where are mortgage rates headed?
Naples market summary in June
REALTOR®| Market Analyst | DomainRealty.com
Naples, Bonita Springs and Fort Myers
Market Analyst | Team Harborside | teamharborside.com
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