Comparing the median price of a single family home in the Bonita Springs real estate market for the second quarter of 2007 to 2006 shows the following for small, medium, and large homes. The definition of the sizes can be found on the Naples Home Values posted just before this one.
Small homes fell 34.0%, medium homes dropped 12.5%, and large homes dipped 6.4%. This does not reflect the results of Zillow where just the reverse situation was observed on a national level.
The median prices for sold homes in 2007 for the Bonita Springs Florida real estate market were in order of size – $175,000, $301,950, and $725,487.
The median prices for sold homes in the second quarter of 2006 were: $265,000, $345,000, and $775,000.
Next will be an analysis and commentary for Estero home values.