INVENTORY DECREASES,PRICES INCREASE IN BONITA SPRINGS AND ESTERO

Closed sales of single-family homes and condos in Bonita Springs and Estero decreased in January compared with January 2013, according to figures released by The Bonita Springs-Estero Association of Realtors in its January 2014 Monthly Real Estate Market Detail.  For single-family homes, closed sales decreased 23.5 percent to 65 homes in January. Closed condo sales fell to 81 units in January, 19.8 percent lower than the same period last year. In January 767 homes were actively listed for sale, down 57 percent from 2013. The inventory of condos available for sale was 621 units, 49.8 percent lower than a year ago. The average price of a single-family home sold in Bonita Springs and Estero in January was $475,276, 19.7 percent higher than a year ago. The average sale price for a condo was $276,666, a 14 percent increase since last year. To see the full January 2014 market report, visit BonitaEsteroRealtors.com.
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