In the (Bonita Springs-Estero) single-family home (sales) market, closed sale units increased by 12 percent compared to March 2014 and almost doubled in sold units from just last month. The average sale price increased again this month year-over-year by 28.4 percent. The median days on market continues to decrease year-over-year, with a slight decrease of 6 percent compared to March 2014. Pending inventory also decreased by 7.7 percent year-over-year, as did inventory (active listings) by 7. 3 percent. The months’ supply of inventory increased again this month (year-over year) by 30.7 percent compared to March 2014.
In the condominium/townhome market, closed sale units decreased year-over year by 15.1 percent. The average sale price showed a decrease over March 2014 by 7. 1 percent, while inventory (active listings) also had a decrease of 31.2 percent. Pending sales decreased year-over-year by 14.8 percent; the months’ supply of inventory, which stands at 4.1 months as of March 31, 2015, decreased by 1.9 percent year-over-year.
BEAR reports monthly real estate statistics on home listings and sales within Bonita Springs and Estero combined market.
The highlights of the March 2015 report include the following: Single-family homes, as compared to March 2014 year over- year: Closed Sales: 103 units — 12 percent increase; New Pending Sales: 156 units — 3.3 percent increase; New Listings: 161 units — 16.7 percent increase; Average Sale Price: $603,206 — 28.4 percent increase; Median Days on Market: 47 — 6 percent decrease; Inventory of Active Listings: 467 units — 7. 3 percent decrease; and Month’s Supply of Inventory: 5.3 units — 30.7 percent increase.
Condominiums/Townhomes, as compared to March 2014 year-over-year: Closed sales: 107 units — 15.1 percent decrease; New Pending Sales 153 units — 6.7 percent decrease; New Listings: 133 units — 0.7 percent decrease; Average Sale Price: $256,851 — 7.1 percent decrease; Median Days on Market: 36 — 20.0 percent decrease; Inventory of Active Listings: 358 units — 31.2 percent decrease; and Month’s Supply of Inventory: 4.1 units — 1.9 percent decrease.
To see the March 2015 market reports, visit BonitaEsteroRealtors.com
Submitted by WBN Marketing | Bonita Springs— The Bonita Springs-Estero Association of Realtors (BEAR) has posted the March 2015 Monthly Real Estate Market Detail.