Home Sales in Bonita Springs Florida (January 2018 Market Report)

The month of January is the start of "Snow Bird Season"and that means the number of homes listed for sale in Bonita Springs FL will increase significantly over the next few months. There were 1,308 active listings on the market in the month of January. That is 167 more listings than the previous month (December) when the number of active listings was 1,141. That is an increase of nearly 15 percent.

Home sales in Bonita Springs FL were 118 homes sold in the month of January 2018. That is slightly less than the number of home sale in the previous month (December 2017), which was 116 homes sold. January is up 1.7 percent over December. Compared to one year ago, home sales in Bonita Springs FL were at 102 homes sold (January 2017).

Let’s take a closer look at some of the numbers that affected home sales in Bonita Springs FL during the month of January.

Bonita Springs Florida Home Sales

To fully understand the market forces that drive home sales in Bonita Springs FL you must look at other factors such as average days on market (DOM), average sale price and how many months of inventory is on the market.

The average days on market for home sales in Bonita Springs FL for the month of January was 84 days. That is 26 days faster than the previous month (December) which was 110 days. The 12-month average for days on market is 96 days.

The average sales price of a home in Bonita Springs FL for the month of January was $375,758. The average price for the month of December was $425,642. It is important to note that comparing the average sales price for homes in Bonita Springs FL is not a measure of market appreciation. The price range for home sales in Bonita Springs FL is extremely wide, as is illustrated later in this report.

The number of active listings represents the inventory of homes for sale in Bonita Springs FL. The inventory is measured in months. That is, the number of months it will take to clear the inventory based on the average number of monthly homes sales.

Based on 1,308 active listings or homes for sale in Bonita Springs FL there are 11 months of inventory. That number is a 1 month increase over December, when inventory of homes on the market was at a10-monthsupply.

Bonita Springs FL Real Estate Market

The current market conditions in the Bonita Springs FL real estate market favors buyers with 1,308 active listings on the market in Naples FL. The following is a summary of the Bonita Springs FL home sales statistics for the month of January:

Statistic

December 2017

January 2018

Change

Active Listings

1,141

1,308

Increase - 14.6%

Homes Sold

116

118

Increase – 1.7%

Avg. Sale Price

$425,642

$375,758

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Highest Sale

$1,498,000

$6,225,000

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Lowest Sale

$44,691

$65,000

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Avg. Days on Market

110

84

Decrease - 24 days

Months of Inventory

1. li>
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Increase - 1 month

*Not a measure of market appreciation or depreciation. © 2018 Gary Gardiner – www.NaplesRealEstateHub.com