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RealEstateInThe239 Naples Bonita Springs Estero Real Estate Market Watch June 2016

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RealEstateInThe239 Naples Bonita Springs Estero Real Estate Market Watch June 2016


Naples Homes for Sale – Bonita Springs Homes for Sale – Estero Homes for Sale


COMBINED INVENTORY – Naples, Bonita/Estero

Naples homes for saleInventory continues downward trend… – Still fewer new listings coming on the market in June 2016, about 20% fewer than were added in May 2016. This combined with the season drop-off in sales activity leaves the total inventory dropping about 5% in June from May for a total end of month combined volume of 6,463 properties for sale.


CLOSED SALES – Naples, Bonita/Estero

Sales volume holding on through the “dog days of summer”… – The Naples and Bonita/Estero market posted a small ~3% decrease in sales volume in June from May 2016. It seems that we have settled in at the summer season run rate and activity is stable. The June 2016 year-over-year sale volume is 90%. This is a dramatic improvement from April and May where the year-over-year numbers were about 80%.



NAPLES

Naples Real Estate


AVERAGE PRICE PAID

Decreased a bit… – The average price paid was off about 9% from May 2016 but on par with June of 2015. Single-family homes and condos were both down.


The average price paid in June for a single-family home was $643,000 down from $723,000 in May and $395,000 for a condominium down from $435,000. The overall average price paid for all property types in June 2016 was $527,000 down from $579,000.


MEDIAN SALE PRICE

(The number where 50% of the homes sell above and below.)


Down a bit, also… – The overall median price paid for a property was down month-over-month and just about on par year-over-year, 7% and 1% respectively.


The overall median price paid was $308,000 down from $330,000, the median price paid for a single-family home was $380,000 down from $407,000, and the median price for a condominium was $229,000 down from $270,000.


BONITA SPRINGS & ESTERO

Homes for sale in bonita springs


Naples prices are pushing buyers north into Bonita Springs, Estero, and Fort Myers. This is driving the prices in these areas upward and still, by comparison, Lee County is a bargain.


AVERAGE PRICE PAID

Increased… – The average price paid for a property in the Bonita/Estero market was up 14% month-over-month and up 1% year-over-year, a contrast from the Naples market data.


The average price paid in June for a single-family home was $492,000 up from $435,000 and $338,000 for a condominium up from $295,000. The overall price paid for a property was $416,000 up from $365,000.


MEDIAN SALE PRICE

(The number where 50% of the homes sell above and below.)


Increase… – The overall median price paid was up 20% month-over-month and it was up 4% on a year-over-year basis now at $331,000 up from $276,000. Again, a contrast from the Naples market data.


The median price paid for a single-family home is now at $390,000 up from $345,000 and for a condominium $254,000 up from $246,000.



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