Naples & Southwest Florida Real Estate
Matt Loveall (239) 293-2045 direct!

Naples Bonita Spring Estero Real Estate Market Watch October 2014

Posted:

Naples Real Estate Market Watch Report

 

Naples Real Estate Market ReportCOMBINED INVENTORY – Naples, Bonita, Estero


The combined overall inventory remains at a low level inching up only slightly as we approach the winter season. However, at the current sales rate, even with the increased inventory, there are only about 5.1 months of inventory.  This represents more than a 10% decrease from last month. It’s worth noting that the Bonita-Estero inventory did not increase at all in this period. Nearly 1,700 new listings were added overall.


CLOSED SALES

Following a down month in September, which is not all that unusual, October is up and up – up 8% year-over-year and up 10% month-over-month for overall sales volume. Single-family homes remained steady at about 400 properties whiles condominiums jumped up by 20% in closed sale volume.


AVERAGE PRICE PAID

The average price paid is up and up again for October. Up 17% year-over-year and up 5% month-over-month, clearly indicative of a seller’s market due to the reduced inventory. The average price paid was $478,000 — $627,000 for a single-family home and $323,000 for a condominium. Single-family homes jumped 15% while condominiums fell back 7% month-over-month. Year-over-year, single-family homes are up a whopping 30% and condominiums just 1%.


MEDIAN SALE PRICE

(The number where 50% of the homes sell above and below.)
The overall median price paid jumped 7% to $260,000 on a year-over-year basis and held steady month-over-month.

 






Bonita Springs – Estero Real Estate Market Watch Report


Bonita Springs Estero Real Estate Market Data ReportCOMBINED INVENTORY – Naples, Bonita, Estero

 

The combined overall inventory remains at a low level inching up only slightly as we approach the winter season. However, at the current sales rate, even with the increased inventory, there are only about 5.1 months of inventory.  This represents more than a 10% decrease from last month. It’s worth noting that the Bonita-Estero inventory did not increase at all in this period. Nearly 1,700 new listings were added overall.



CLOSED SALES



October was a rebound month for the Bonita-Estero market also. Closed sale transactions were up 3% year-over-year and up 15% month-over-month. Single-family home sales increased substantially, nearly 32%, and condominium properties held steady with a very slight increase to 94 from 92.



AVERAGE PRICE PAID



Bonita-Estero prices increased dramatically also, up 15% month-over-month and 14% year-over-year. Single-family homes and condominiums both posted healthy sale price increases.




MEDIAN SALE PRICE


(The number where 50% of the homes sell above and below.)
Likewise, the median sale price followed along. Up 16% year-over-year and up 7% month-over month with gains shared by both single-family properties and condominiums.


Why create a free account ? Sign up for Free
We provide you
Advanced Search System
Favorite & Saved Searches
Instant Property Updates
Enhanced Client Dashboard
And it’s Totally Free !
First Name:
Last Name:
Email address:

Phone Number: