Bay Watch Magazine - Property Values | December 2024 Compared to the last few years we are experiencing a unique set of circumstances as they relate to the real estate market. COVID-19 and its aftermath are behind us, we aren’t processing a destructive hurricane as we did in 2022…. and the 2024 Presidential Election is now behind us. Dare we ask, are we returning to a period of normalcy? In Property Values, we reflect on the conversations we have with folks when they ask, “What is happening in the real estate market?” There are the conversations how the market has cooled and prices are d...

Bay Watch Magazine - Property Values | December 2023 Welcome back to Bonita Bay, the soon-to-be season, and all of the activities including real estate activity in our community. The kickoff to this season is dramatically different from last year. Hurricane Ian was traumatic. The impact required many of us to restore and remodel, drove some to move away from Bonita Bay and also brought many here who had been displaced from properties on the beaches. Increasingly, with time, many of the restored properties in Bonita Bay have been listed for sale and, for the most part, have been met with ...

BayWatch Magazine - Property Values | December 2022 Welcome back to a different, yet recovering, Bonita Bay.  This “Property Values” space finds that the motivations of property owners and seekers and the real estate market conditions are different than in recent issues of Bay Watch News.  Inventory was already limited, migration to Florida was and remains substantial, and now this hurricane is part of the equation. Bonita Bay and Southwest Florida have endured major hurricanes before.  Prior hurricanes were wind and rain events, but Hurricane Ian brought these plus a dreaded storm surge...

BayWatch Magazine - Property Values | December 2021 “How is the real estate market?”  We hear this question often, but this fall as folks return to Bonita Bay the individual asking the question has a gleeful look on his or her face.  The Bonita Bay real estate market is soaring. As of this writing, the S&P/Case Shiller U.S. National Home Price Index is up 19.7 for the previous twelve months.  In Bonita Bay, prices are similarly up in all categories, and we’ve seen some eye-popping transactions.  A first floor Harbor Landing coach home just sold for $567,000.  A second floor Hamptons ...

BayWatch Magazine - Property Values | November 28, 2020 It seems like the last time we had the joy of reading an issue of Bay Watch magazine, toilet tissue supply was plentiful, it was understood The Masters Tournament takes place in April, and we could come and go visiting friends, enjoying in-restaurant dining and more. But since then so much has clearly changed. 2020 has been crazy, Covid-19 being the primary culprit. (Oh yes, we did have an election too.) But the virus shut down our lives and the recreational “season” and it certainly shut down the real estate “season” too….but only bri...