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Bonita Bay Real Estate Sales Update - January to September 2008

Posted by Benjamin Dona on Monday, December 8th, 2008 at 5:43pm.

The January thru September Bonita Bay real estate market statistics for both homes and condominium sales are listed below. Bonita Bay is Bonita Springs premier gated community and is a highly sought after place to live. Encompassing 2,400 acres, Bonita Bay is also the flagship community of the Bonita Bay Group here in Southwest Florida. More than half the community is devoted to open space, including three Arthur Hills-designed golf courses and 12 miles of biking and walking paths.

Bonita Bay Sales Data

Bonita Bay Home Sales January-September 2008*:
  • 50 Closed Sales
  • Average Sales Price - $1,255,190
  • Median Sales Price - $940,000
  • Average Days on Market - 208
  • Average Sales Price Price/Square Foot - $336.34
Bonita Bay Condominium Sales January-September 2008*:
  • 71 Closed Sales
  • Average Sales Price - $413,231
  • Median Sales Price - $375,000
  • Average Days on Market - 215
  • Average Sales Price Price/Square Foot - $205.56
High Rise Condominium Sales January-September 2008*:
  • 20 Closed Sales
  • Average Sales Price - $1,102,875
  • Median Sales Price - $1,250,000
  • Average Days on Market - 258
  • Average Sales Price Price/Square Foot - $340.47

In comparison with 2007 sales data, we saw a 13% increase in the number of Bonita Bay homes and a whopping 219% increase in the number of Bonita Bay condominiums. The average price for homes fell by 8% while the average price for condominiums fell by 33%. Average days on market rose by 13% for homes and fell by 8% for condominiums. High rise condominiums sales were basicaly flat (20 versus 21). Average price dropped by 21% and their days on market fell by 10%.

So, if you are interested in buying or selling a home or condominium in Bonita Bay, please contact us and one of our associates will be happy to assist you. Call us at 888-617-3674.

*Sales Data Statistics from NABOR & SWFL MLS

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7 Responses to "Bonita Bay Real Estate Sales Update - January to September 2008"

Jodi in Atlanta wrote:
Good to hear that inventory is moving! What is driving your dramatic increase in condo sales? Investors?

Posted on Tuesday, December 9th, 2008 at 1:02am.

Benjamin wrote:
Actually, more than anything else, I think it is just folks taking advantage fo the falling prices. People are getting into these premier communities at prices not seen since 2003 or before.

Posted on Tuesday, December 9th, 2008 at 2:56pm.

dave in NYC wrote:
Wow, only an 8% drop in home prices. That's not bad. The condo numbers are impressive as well. Price drop is expected, but the increase in unit sales is a surprise. Nice to see somewhat good news!

Posted on Wednesday, December 10th, 2008 at 3:37pm.

Steve Russell wrote:
It is nice to see action in the higher priced sales bracket. In Pensacola, we have a ton of inventory on the higher end, but the prices have not reached a point where investors are willing to move yet.

The first time buyer market really seems to be heating up though. Good luck in the new year!

Steve Russell
Primary Residential Mortgage

Posted on Monday, December 29th, 2008 at 7:08pm.

Todd Covington wrote:
Here on the coast of South Carolina, beach front homes and property have seen double digit dip in price. Charleston, SC probably is doing the best but overall it has not been pretty.

To be fair and honest to my customers, I have to tell them I still think the market is over priced. I might loose a sale or two but I can see in many of my customers eyes that they respect the truth. Hopefully they respect it enough to come back.

And 8% is not bad at all. Here we have seen 25-30%. I'm hoping the end is near.

Posted on Monday, January 26th, 2009 at 3:55pm.

Thomas wrote:
Those are positive numbers. Perhaps they'll go higher with the new tax credit that congress is proposing. I'm hoping that will increase demand for homes throughout the country.

Posted on Saturday, February 7th, 2009 at 2:17pm.

Mike in Miami wrote:
The slumping home sales are starting to turn around. I agree that the new tax credit should help help turn things around. It looks as though we probably won't be fully back to normal until summer of 2010.

Posted on Friday, July 3rd, 2009 at 12:47pm.

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