According to the Bonita Springs-Estero Association of REALTORS® (B.E.A.R.) Media Committee, post-storm inventory has not shown a large decrease specifically due to homes affected by Hurricane Irma, and overall, Bonita Springs and Estero homes did not see major structural damage from the recent hurricane. This is likely due to homes that were built in the last fifteen years with improved construction standards that were updated post Hurricane Andrew.
In August 2017, the Bonita Springs and Estero markets continued to experience typical decreases in pending units during the last of the summer months. Area experts are expecting a pickup for the fall and winter selling season quickly approaching.
A Naples Area Board of Realtors (NABOR) report says
- 685 homes were sold in August, up 5% from August 2016.
- Pending sales for single-family homes in south Naples increased 75% and closed sales increased 42%.
- The condominium market had a 13% increase in pending sales.
- The overall median closed price for August was $328,000, a 2% increase over August 2016.
- The median closed price for single-family homes was $422,000, an increase of 10%. The jump was attributed to 17 sales in the $2 million and above market.
For buyers who are still in the market to purchase a new construction home, now is the best time as the end of the year approaches. Builders typically issue the best pricing and deals as they
approach year-end with inventory that must sell.
Call or email me for an up to date list of the new communities in Lee and Collier counties.