How’s the market in February 2025?
This table shows median prices for all types of property sold in Naples month by month since 2020. There are a couple of outliers, but in general median prices have been in the $600-650,000 range. January 2025 was a little higher at $675,000.
This table shows Active Listings divided by Sales in the last 12 months. The Months of Inventory number means how long it would take to sell the current inventory based upon the rate of sales in the previous year.Generally ,in real estate, 6 months of supply is regarded as a market in equilibrium between buyers and sellers: a higher number favours buyers, a lower number sellers.
Southwest Florida is, of course, a seasonal market. The following chart shows that sales – which typically occur 6-8 weeks after a contract is signed – are at their highest in March-May, and lowest in October – January. Which makes sense. Inventory is highest in the early months, drops in the summer, and then picks up as we get towards the next season.
Comment
Anecdotal stories are intriguing, but often very selective. I try to present the actual numbers as a basis for making informed decisions by both sellers and buyers.
Andrew.Oliver@Compass.com
Bonita Springs Mid-Year 2024 Market Report
For Bonita Springs overall, median prices continued to increase in the first half of 2024, while sales dropped back to pre-COVID levels.
The median Price per Sq.Ft. also showed increases in 2024, while the DTO – Days To Offer – the number of days a property is listed before an accepted offer is received – increased in 2024, but remained below 2020 levels. (more…)
Bonita Springs Q1 2024 Market Summary
For Bonita Springs overall, median prices were broadly stable in the 1st Quarter of 2024, while sales dropped from 2023 levels.
The median Price per Sq.Ft. was also stable, while sales were slower.
(DTO- Days To Offer – the number of days a property is listed before an accepted offer is received.)
Please contact me for a market report that includes properties in your area which were recently listed or sold.
Andrew.Oliver@Compass.com
BONITA BAY MARKET 2023 MARKET REPORT and 5-YEAR REVIEW
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 BONITA BAY 2023 MARKET REPORT and 5-YEAR REVIEW to donwload a copy of this report.
Median Price and Sales
The median price of the Single Family homes sold in Bonita Bay more doubled from just under $1.2 million in 2019 to $2.5 million in 2022 and 2023.
Sales increased from 2019 to 2021 and have since dropped back below pre-pandemic levels. (more…)
BONITA SPRINGS 2023 MARKET REPORT and 5-YEAR REVIEW
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 BONITA SPRINGS 2023 MARKET REPORT and 5_YEAR REVIEW to download a copy of this report.
Median Price and Sales
The median price of the Single Family homes sold in Bonta Springs increased more than 80% from $409,900 in 2019 to $750,000 in 2023. Sales surged until around Q3 2021, thereafter returning to pre-pandemic levels in 2022 and 2023.
The median price of Villas (attached and detached) sold increased almost 80% from $308,500 in 2019 to $552,500 in 2023. Sales followed a similar pattern to that for SF. The decline was greater – but on a small number of sales.
The median price of Condos (and Townhouses) increased 85% from $259,000 in 2019 to $480,000 in 2023. Sales in 2023 dropped to a little below the pre-pandemic number.
Single Family Sales by Price
Another way to look at sales is the distribution by price. (more…)
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 (more…)
First Quarter Market Stats
Here are the Q1 stats (and 3-year history) for areas:
Naples Q1 2023 Stats
Bonita Springs_Q1 2023 Stats
and communities:
Bay Forest Q1 2023 Stats
Bonita Bay Q1 2023 Stats
Imperial Golf Estates Q1 2023 Stats
Island Walk Q1 2023 Stats
Pelican Bay_Q1 2023 Stats
Pelican Marsh Q1 2023 Stats
And read these articles:
What drives Mortgage Rates in one chart
Lies, Damned Lies and Inflation “Statistics”*
HOW AND WHEN WILL HOUSING REBOUND?
Why Mortgage rates Will Fall
Bonita Springs 2022 Housing Market Report
Prices continued to rise until the Fourth Quarter (Q4), although the combination of the seasonal lull and Hurricane Ian make Q4 likely to contain anomalies. Sales dropped sharply throughout the year.
And read these recent articles:
Lies, Damned Lies and Inflation “Statistics”* HOW AND WHEN WILL HOUSING REBOUND?
Why Mortgage rates Will Fall
Buyers Undeterred in Ian’s Hardest-Hit Areas (more…)
Bonita Springs May Market Summary
Single Family
Condos
How far Behind the Curve is the Federal Reserve?
How to protect your house from title fraud
Florida Lawmakers Pass Insurance, Condo Reforms
Why are Mortgage rates so high?
Florida Regulator: Insurers Can Offer Roof Deductibles
Expansion Plans for Fort Myers Airport
- Andrew Oliver, M.B.E., M.B.A.
Real Estate Advisor
Andrew.Oliver@Compass.com
www.TheFeinsGroup.com
www.OliverReportsFL.com
m: 617.834.8205
———-
800 Laurel Oak Drive, Suite 400, Naples, FL 34108
———-
Licensed in Massachusetts
www.OliverReportsMA.com
Bonita Springs Shrimp & Music Festival this weekend
Join us April 8-10, 2022 for the Premiere of the Bonita Springs Shrimp & Music Festival in downtown Bonita Springs. Hours will be Friday 3pm-9pm, Saturday 11am-9pm and Sunday 11am-6pm. Come enjoy a weekend of great food, wondrous live musical performances and total and complete relaxation!
Check out the activities here
Andrew Oliver, M.B.E., M.B.A.
Real Estate Advisor
Andrew.Oliver@Compass.com
www.TheFeinsGroup.com
www.OliverReportsFL.com
Compass
800 Laurel Oak Drive, Suite 400, Naples, FL 34108
m: 617.834.8205
Licensed in Massachusetts
www.OliverReportsMA.com
Bonita Springs Market Summary February 2022
Read these articles:
The Federal Reserve and Mortgage Rates
Naples Beach prices drop 47%? Not so fast
Naples YTD February: sales plummet, prices soar
The Great Resignation’s Effect on Florida Real Estate
Federal Reserve: “Make me responsible…. but not yet”
Guide to Buying and Selling in Southwest Florida
Naples Year End Market Report by Location and Property Type
Fort Myers Beach 2021 Market Report
Bonita Springs 2021 Market Report
Sanibel/ Captiva 2021 Market Report
Andrew Oliver, M.B.E., M.B.A.
Real Estate Advisor
m: 617.834.8205
Andrew.Oliver@Compass.com
———-
www.TheFeinsGroup.com
www.OliverreportsFL.com
Compass
800 Laurel Oak Drive, Suite 400, Naples, FL 34108
————–
Licensed in Massachusetts
www.OliverReportsMA.com
Bonita Springs 2021 Market Report
Known as the “Gateway to the Gulf”, Bonita Springs enjoys the charm of small town living with sprinkles of magnificent upscale communities and businesses.
With extremely low inventory, Q4 saw both a sharp drop in sales and a spike in the sales price per sq. ft. (PSF).
In the table below note the Quarter by Quarter increase in median price per sq.ft. (PSF). When looking at price increases it is important to remember that building costs have also gone up substantially in the last 2 years. (more…)
Bonita Springs 2021 Year End Market Report
This reports shows the median prices for different property types in Bonita Springs in 2021 compared with 2020. At the end of the article is a link to my Guide to Buying and Selling in Southwest Florida.
With extremely low inventory, Q4 saw both a sharp drop in sales and a spike in the sales price per sq. ft. (PSF).
The market statistics produced by Realtor Boards provide a lot of useful information, but group together what to me are wholly different categories – e.g. Detached Villas with Single Family, Attached Villas with Condos. Here then is what I hope will be a more useful and informative analysis, which shows the breakdown using the categories that make sense to me. I also include definitions of the different property types after the charts.
