Bonita Springs Home Market Report January 08
Real estate market conditions for Bonita Springs shows the median sold price increasing and new listings less than last January. Pending sales are down from last year, but higher than December 2007. Closed sales were down from December, in addition, to 2007 and 2006 closed sales.
New Listings - in January 2008 Bonita Springs showed a total of 232 single family homes came onto the real estate market. This compares favorably with the 271 and 270 homes listed for sale in January 2007 and January 2006, respectively. In December 2007 a total of 109 homes were listed. January is traditionally the month with the highest number of new home listings during the calendar year.
Pending Sales - a total of 39 Bonita Springs homes were pending sale. A pending sale is where a seller has an accepted an offer on their home. Last year’s month of January, a total of 53 homes were pending sale, while in 2006 the number was 55. Pending sales in January compared favorably with December’s 31 pending sales.
Closed Sales - the number of homes sold in Bonita Springs during January was 26 homes down from the 33 homes sold in December 2007. Comparing to the previous years’ January there were 31 and 49 homes sold respectively.
Median Sold Price - in January the median price paid for a home in Bonita Springs was $802,500, up from December’s median price of $525,000. The year over year analysis shows the median price paid in January 2007 was $525,000 and in 2006 - $660,000. The higher median price can be attributed to some fairly expensive homes sold in Bonita Bay, Bonita Beach and Quail West, which caused the increase.
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