Bonita Springs real estate market update for homes – April

Median Sold Price for single-family homes increased 6.9% in the year over year comparison (April 2015 to April 2016) from $421,000 to $450,000.

The median sold price of homes in Bonita Springs during 2016 is $439,950. Last year the median sold price was $392,633. The median sold price has increased 12.1%.

Median sold price for April was $450,000. The median sold price increased $23,220 over the previous month’s median sold price of $426,780 or 5.4%.

So far, in 2016, the median sold price increase has been 12.1%. In 2015, the percentage increase was 15.5% over 2014. In 2014, the median sold price increased 4.6% over 2013. In 2013, the median sold price increased 22.6% over 2012.

The graph below shows the median sold price for homes by year from 2007 to 2016.

(The median sold price is the middle price, where half of the sales are of lower value and half are of higher value.)

The number of Bonita Springs homes for sale at the end of April was 540, while in March there were 544 homes for sale. In April 2015 429 homes were for sale in Bonita Springs.

The median sold prices remains 16.2% below the market peak in 2007, when the price was $525,000.

Single-family home prices bottomed in 2009 and 2010 when the median sold price was $225,000. As noted above, in 2016 the median sold price has been $439,950. This represents an increase of 95.5% since the bottom of the market.

93 homes were sold in April, last April 132 homes were sold. 81 homes were sold in the month of March.

Homes for sale in Bonita Springs shows 6.6 months of inventory. (Sellers’ market exists when months of inventory are less than 6 months. Buyers’ market occurs when months of inventory exceed 6 months.) Up from last month’s 6.4 months and up from last April’s 4.8 months.

The table below shows the number of homes for sale and months of inventory by price range. Red indicates a seller market, yellow represents a neutral market, and green represents a buyers market by price range.

New listings for homes coming on the market in April 2016 – 148, compared to last year’s April figure of 140. During March 146, homes were listed for sale.

Homes classified as distressed properties (potential short sales and foreclosures) – 4 or 0.7% of the total market – 1 (0.2%) are potential short sales and 3 (0.5%) and are foreclosed or REO (real estate owned) properties.

Other detailed market reports are available for – Naples homes, Naples condos, Bonita Springs condos, Estero homes, and Estero condos by clicking on the appropriate link.

If you missed last month’s report – click on this link – Bonita Springs Homes Market Update.

The data was obtained from the SWFLAMLS a collaborative effort of the multiple listing services of Naples, Bonita Springs/Estero, Fort Myers, and Cape Coral.

Your questions and comments are always welcome.

This post - Bonita Springs Homes Market Trends – April 2016 first appeared on Naples Real Estate Blog - News and Market Trend Statistics.