Bonita Springs and Naples Real Estate - 3rd Quarter 2011 Sales

The 2011 third quarter Bonita Springs and Naples real estate market statistics for both home and condominium sales are listed below.

Bonita Springs, known as the “Gateway to the Gulf.” Its charm lies in its diversity, and it is one of the Southwest Florida's fastest growing cities.

Naples is the "Crown Jewel" of Southwest Florida's Gulf coast. It is a truly cosmopolitan, quaint, and cultural city and has transformed itself into a dynamic world renown international destination.

Bonita Springs Real Estate Sales Data

Bonita Springs Home Sales - 3rd Quarter 2011*:

• 183 Closed Sales (166 in 2010)
• Average Sales Price - $385,370
• Median Sales Price - $245,000
• Average Days on Market - 169
• Average List to Sales Price Ratio - 91%

Bonita Springs Condominium Sales - 3rd Quarter 2011*:

• 148 Closed Sales (147 in 2010)
• Average Sales Price - $248,966
• Median Sales Price - $183,450
• Average Days on Market - 189
• Average List to Sales Price Ratio - 92%

Bonita Springs Closed Property Sales 2010 - 2011

In comparison with 2010 sales data, we saw a 7% increase in the number of Bonita Springs home sales and a 1% increase in the number of Bonita Springs condominium sales. The average sales price for homes rose by 8% while the average sales price for condominiums rose by 22%. At the end of the quarter, there were 595 active residential properties listed in the Bonita Springs MLS. That's a decrease of 17% versus this time last year. Total sales year-to-date were 1,133, up 21% over this time last year. Pending sales were up 18% over last year and totaled 347. The median price of all existing properties was $205,000, up 14% from a year ago. The median price for properties sold above $300,000 was $452,000, down 6% from $480,000 in 2010.

Naples Real Estate Sales Data

Naples Home Sales - 3rd Quarter 2011*:

• 760 Closed Sales (726 in 2010)
• Average Sales Price - $488,213
• Median Sales Price - $240,000
• Average Days on Market - 182
• Average List to Sales Price Ratio - 89%

Naples Condominium Sales - 3rd Quarter 2011*:

• 682 Closed Sales (651 in 2010)
• Average Sales Price - $315,880
• Median Sales Price - $150,350
• Average Days on Market - 145
• Average List to Sales Price Ratio - 93%

Naples Closed Property Sales 2010 - 2011

In comparison with 2010 sales data, we saw a 5% increase in both the number of Naples home sales and the number of Naples condominium sales. The average price for homes fell by 12% while the average price for condominiums rose by 14%. At the end of the quarter, there were 2,579 active residential properties listed in the Naples MLS. That's a decrease of 22% versus this time last year. Total sales year-to-date were 5,838, up 8% over this time last year. Pending sales were up 21% over last year and totaled 1,719. The median price of all existing properties was $195,000, up 3% from a year ago. The median price for properties sold above $300,000 was $525,000, down 9% from $575,000 in 2010.

If you would like to explore more of what the Bonita Springs and Naples real estate markets have to offer, please contact us and we’d be happy to assist you.

*Sales Statistics from Nabor MLS