Bonita Bay Real Estate Market Report January 1 2013

1. Bonita Bay Real Estate Market Report As of 1-01-13
Chris Griffith w The Griffith Group w 239-273-7430
Downing Frye Realty, Inc. w www.LifeInBonitaSprings.com
chris@LifeInBonitaSprings.com

2. A Decade of Historical Bonita Bay
Real Estate Sales
Closed sales in
Bonita Bay during
the month of
December show
level consistent
sales.
Sales in general
were stable and
nearly met last
year’s sales unit
numbers.
There were few
sales 600-1M and
most of those sales
were tower
residences.

3. No Foreclosures or Short Sales
in Bonita Bay December 2012
Bonita Springs, as
indicated in the
graph, had few
foreclosure & short
sales. There were no
foreclosure and no
short sale property
sales recorded
closed sale in Bonita
Bay in December
2012.
Bonita Bay is healthy
by comparison to
Bonita Springs-Estero
distressed units in
general.

4. What Price Range of Bonita Bay
Real Estate is Selling?
Statistics were
gathered from the
Sunshine MLS on
January 06, 2013.
A total of 11
properties were
recorded as closed
sale in Bonita Bay
during the month of
December 2012.
Only one Single Family
Home in the
$600,000’s closed sale.
The Sanctuary $670K,
slightly updated with
exterior lawn care
included in HOA.

5. Current Bonita Bay Real Estate
Inventory and Absorption Rates
This is the anticipated
time it would take to sell
Single Family Homes-Villas – 16.7 Months
existing inventory within
the community of Bonita Low Rise Condominiums – 9 Months
Bay in Bonita Springs,
Florida.
Mid Rise Condominiums – 9.3Months
Six months is considered a
balanced market. High Rise Condominiums – 16.3 Months
Attached Villas – 12.7 Months
Statistics were gathered from the Sunshine MLS on
January 6, 2013.

6. Bonita Springs Market Report
January 1, 2013

7. A Decade of Historical Bonita
Springs Florida Real Estate Sales
Closed sales are
much higher than
last year at this
time and nearly at
2005 sales levels.
Sales have been
steady and
inventory remains
rather thin in
entry level priced
properties under
$400,000 which
accounts for 79%
of sales.

8. What is The Condition of Bonita
Springs Florida Real Estate Sales?
How distressed is real
estate in Bonita
Springs and Estero
Florida?
The level of sold
foreclosures is the
lowest it has been
since the foreclosure
crisis began. Short
sales are at very low
levels compared to
recent months, nearly
non-existent
Foreclosure properties
sell quickly and
experience multiple
offers when they do
come to the market.

9. What Price Range of Bonita Springs
Florida Real Estate is Selling?
City wide, 83% of all
closed sales were
under the $400K
price point. The 600-
800K price point
accounts for about
5% (+1% from last
month) of all closed
sales (red).
A total of 180
properties were
closed sale in Bonita
Springs and Estero
Florida during the
month of December
2013.
Statistics were gathered from
the Sunshine MLS on January
06, 2013.

10. Current Bonita Springs Real Estate
Inventory and Absorption Rates
Statistics were gathered
from the Sunshine MLS
on January 6, 2013. Single Family Homes-Villas – 9.8 Months
(6 1 mo.)
This is the anticipated Low Rise Condominiums – 9.6 Months
time it would take to sell
existing inventory. (6 1.7 mo.)
Mid Rise Condominiums – 18.7 Months
Six months is considered (h .9 mo.)
a balanced market. We High Rise Condominiums – 14.3 Months
do have a large amount
of pending/pending- (6 .7 mo.)
contingent properties Attached Villas – 6.8 Months
skewing the market
statistics so the months (6 1.4 mo.)
of current inventory Manufactured Homes – 12.7 Months
would be far less if they (6 .5 mo.)
weren’t in the equation.

11. For More Information about Bonita
Springs and Estero Florida Real Estate …
Visit www. LifeInBonitaSprings.com to view market statistics, current listings and to
Search for Homes http://lifeinbonitasprings.com/about/search-mls to view real
estate market reports from month prior visit:
http://lifeinbonitasprings.com/category/bonita-springs-market-report
Statistics were gathered from the Sunshine MLS on January 6, 2013.
All information is deem accurate, not guaranteed and subject to change. Check the
date on this report for freshness. If you have questions regarding your particular
neighborhood, your street or your home specifically you’re welcome to contact us for
a current market report.
Real estate consumers that read this website are urged to seek independent,
professional legal, real estate and financial advice before engaging in any
transaction. All information is deemed, accurate, subject to change and not
guaranteed.