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...

BayWatch Magazine - Property Values  |  January 1, 2019 There are only a certain number of homes that will sell in any given period of time, in any given market, in any given price range. What are the odds that my home will be one of them? If I want to sell my home I have to “look at the comps”, as it is said. What are comparable properties selling for and what else is for sale? If the comps support my asking price, that is great. But let’s say I live in a condo or subdivision where on average 5 homes sell each year and there are presently 10 for sale. If in the next year 5 of these home...

BayWatch Magazine - Property Values  |  January 1, 2018 The Real Season Begins Welcome back to Bonita Bay!  The holiday season has come to an end and now the real ‘season’ begins!  The season for this idyllic weather and the peak time of year for real estate activity. Every real estate season takes on a tone and life of its own, so what will happen in 2018?  Well let’s take a look at what we are working with.  There are presently 103 resale properties for sale, 24 pending sales, and there were 13 closed sales in the last 60 days.  By comparison, at this moment in 2016 there were 106 r...

BayWatch Magazine - Property Values  |  January 1, 2017 Wherever we go people are continually asking us, “What is the real estate market like right now? “  They are curious to know what properties are selling, be they high rises, villas, single family homes, condos, what prices are like, what the activity is like, etc. We enjoy having these conversations with friends and clients, but today we wanted to provide some pertinent information and a glimpse into the data and numbers available from the local Multiple Listing Service (MLS).  Below are some figures that will provide many answers t...