Bonita Springs Florida Real Estate Market Report
Bonita Springs has seen a huge increase in home prices and the amount of buyers over the last six months. We had a record high summer and now as we head into the fall, we are still seeing prices rise slightly with a decrease in homes on the market.
There are currently 2,138 homes and properties for sale within the boundaries of Bonita Springs. The homes are priced from $14,000 for manufactured and mobile homes to luxury single-family homes for $10 million. Within this cluster there are several lots and parcels of land available to build your dream home. The majority of high-priced luxury homes are found along Little Hickory Boulevard and Barefoot Beach Boulevard at the end of Bonita Beach Road.
Related: Where Should I Live in Collier County?
Of those homes for sale, about 658 of them are foreclosures and bank owned homes and 1,480 are owner/seller homes. This number has gone up dramatically compared with a couple of years ago when the majority of homes on the market were short sales, foreclosures and bank owned properties.
The average listing price has actually dropped over the last few weeks at $588,294. The median sales price, however, is generally up over the last year about 8% or $16,500 at $225,000. This number is relatively low depending on the amount of homes on the market because many properties are still in foreclosure status priced far below market value.
Related: 5 Things all Home Buyers Should Know before Buying
The median sales price climbed up to $400,000 in 2012 but its highest value was in 2008 at $498,000. The number of sales hit an all-time high in 2005 with just under 2,000 sales per month and now we are just under 500 sales a month in Bonita Springs. This number was up to the thousand dollar mark at the beginning of spring so there are fewer homes on the market and yet buyers are still looking for new homes.
Read more: How to Add Value to your Southwest Florida Home
More Market Reports:
