Bonita Springs Estero Real Estate Market: Buyers in the Market Facing Lower Inventory

Bonita Springs Estero Real Estate Market: Buyers in the Market Facing Lower Inventory

 

December 22, 2015, Bonita Springs FL—-The Bonita Springs-Estero Association of REALTORS^® (B.E.A.R.) has just posted the November 2015 Monthly Real Estate Market Detail to BonitaEsteroRealtors.com.  In the single-family home market segment, closed sales decreased 7.8 percent versus November 2014.  New listings remained stable with 131 units this year and last year as well. The median days on market increased by 50 percent to 30 days versus 20 days in November 2014. There were 439 active listings in November 2015, a 2.7 percent decrease from this time last year. The median sale price increased by 0.6 percent over November 2014.

 

In the condominium/townhome market segment, closed sales saw an increase of 3.4 percent compared to November 2014. New pending sales also increased by 6 percent versus this time last year and the median days on market continues to decrease with a 14.7 percent decrease over November 2014.  The average sale price increased by a large percent – 34.9 percent – versus November 2014.  The month’s supply of inventory saw a 12.5 percent decrease over prior year.

 

“We still saw lower inventory levels in November 2015.” stated D. Michael Burke, 2016 B.E.A.R. President and Team Leader, Team Michael Burke, Keller Williams Elite Realty in Bonita Springs. “We will see a typical increase in inventory come January 1^st.  However, sellers who list now can take advantage of lower competition and multiple offers from buyers who are facing inventory challenges now. Those buyer challenges will most likely decrease in early 2016.”

 

B.E.A.R. reports monthly real estate statistics on home listings and sales within Bonita Springs and Estero combined market.

 

The highlights of the November 2015 report include the following:

 

• Single-Family Homes, as compared to November 2014 year over year

  • Closed sales 59 units – 7.8% decrease
  • New Pending Sales 85 units – 1.0% decrease
  • New Listings 138 units – 7.6% decrease
  • Average Sale Price $335,112 – 12.6% decrease
  • Median Days on Market 30 – 50% increase
  • Inventory of Active Listings 439 units – 2.7% decrease
  • Month’s Supply of Inventory 4.9 units – 5.7% decrease

• Condominiums/Townhomes, as compared to November 2014 year over year

  • Closed sales 60 units – 3.4% increase
  • New Pending Sales 88 units – 6.0% increase
  • New Listings 114 units – 8.1% decrease
  • Average Sale Price $322,586– 34.9% increase
  • Median Days on Market 29 – 14.7% decrease
  • Inventory of Active Listings 325 units – 7% decrease
  • Month’s Supply of Inventory 4.0 units – 12.5% decrease

 

 

To see the November 2015 market reports, please visit BonitaEsteroRealtors.com. For more information, please call (239) 992-6771.

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Media Contact:

PR@wbn-marketing.com

239-919-0933

 

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