Market Update for Bonita Springs Florida Real Estate:
During the month of October 2006, a total of 26 Bonita Springs homes were sold. The median price was $355,000 and the average price was $668,844.
Compared to October 2005, 49 homes sold, with a median price of $580,000 and average price of $830,361.
The volume of closed sales for Bonita Springs homes comparing the current year to prior year is a 47% reduction.
The median price shows a reduction of about 39%. The average price also reflected a reduction of about 19%.
The reduction in median and average prices is largely due to the volume of million dollar plus homes in the Bonita Springs area.
The average days on market (listing to contract) increased from 78 days in October 2005 to 148 days in during the same month in 2006.
The statistics for September 2006 activity was 27 homes sold, with a median price of $329,900, an average price of $526,322, and average days on market of 108 days. The difference between September and October 2006 is largely due to the number of million dollar homes sold in October.
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