monthly market detail - august 2015 single family homes...
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This report describes member activity for the association and is not confined to any specific geographic area.
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, September 21, 2015. Next data release is Thursday, October 22, 2015.
1.8%
149 -11.4%
Percent Change
Year-over-Year
1.3%
394 -10.7%
Closed Sales
78
93.6%
4.1 -5.9%
August 2015
Average Sale Price
Median Days on Market
95.3%
132
Average Percent of Original List
Price Received
Pending Inventory
Inventory (Active Listings)
Month
352
Months Supply of Inventory 3.8
Summary Statistics
Closed Sales
Paid in Cash
$405,815
August 2015
90New Pending Sales
New Listings
Median Sale Price
August 2014Percent Change
Year-over-Year
31 40 -22.5%
78 77 1.3%
85 5.9%
$331,500 $339,900 -2.5%
123 99 24.2%
$440,314 -7.8%
39 52 -25.0%
Economists' note : Closed Sales are one of the simplest—yet most
important—indicators for the residential real estate market. When
comparing Closed Sales across markets of different sizes, we
recommend using the year-over-year percent changes rather than the
absolute counts. Realtors® and their clients should also be wary of
month-to-month comparisons of Closed Sales because of potential
seasonal effects.
April 2015 136
March 2015 103
February 2015 69
September 2014 48
August 2014 77
January 2015 68
December 2014 99
-42.1%
November 2014 64
October 2014 101
-39.6%
-4.7%
-56.8%
15.3%
12.0%
4.6%
1.0%
-1.4%
July 2015 98 19.5%
-12.7%
14.9%
June 2015 103
May 2015 131
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
Monthly Market Detail - August 2015
Bonita Springs-Estero Association of REALTORS® Single Family Homes
0
50
100
150
200
250
Clo
sed
Sal
es
2011 2012 2013 2014 2015
Closed Sales The number of sales transactions which closed during the month
This report describes member activity for the association and is not confined to any specific geographic area.
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, September 21, 2015. Next data release is Thursday, October 22, 2015.
Month Cash SalesPercent Change
Year-over-Year
August 2015 31 -22.5%
July 2015 42 16.7%
June 2015 38 -37.7%
May 2015 66 10.0%
Economists' note : Cash Sales can be a useful indicator of the extent to
which investors are participating in the market. Why? Investors are
far more likely to have the funds to purchase a home available up front,
whereas the typical homebuyer requires a mortgage or some other
form of financing. There are, of course, many possible exceptions, so
this statistic should be interpreted with care.
April 2015 77 4.1%
March 2015 62 26.5%
February 2015 40 -7.0%
January 2015 37 15.6%
December 2014 47 -13.0%
November 2014 35 -28.6%
October 2014 41 -30.5%
September 2014 22 -40.5%
August 2014 40 -45.9%
MonthPercent of Closed
Sales Paid in Cash
Percent Change
Year-over-Year
August 2015 39.7% -23.5%
July 2015 42.9% -2.4%
June 2015 36.9% -28.6%
May 2015 50.4% -4.3%
Economists' note : This statistic is simply another way of viewing
Cash Sales. The remaining percentages of Closed Sales (i.e. those not
paid fully in cash) each month involved some sort of financing, such as
mortgages, owner/seller financing, assumed loans, etc.
April 2015 56.6% -9.7%
March 2015 60.2% 13.0%
February 2015 58.0% -5.6%
January 2015 54.4% 10.5%
December 2014 47.5% -13.8%
November 2014 54.7% 18.3%
October 2014 40.6% -27.1%
September 2014 45.8% 37.5%
August 2014 51.9% -6.6%
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
23%
33%
43%
53%
63%
73%
83%
Pct
. of
Clo
sed
Sa
les
Pai
d in
Cas
h
0
50
100
150
Cas
h S
ale
s Monthly Market Detail - August 2015
2011 2012 2013 2014 2015
Bonita Springs-Estero Association of REALTORS® Single Family Homes
Cash Sales The number of Closed Sales during the month in which buyers exclusively paid in cash
2011 2012 2013 2014 2015
Cash Sales as a Percentage of Closed Sales The percentage of Closed Sales during the month which were Cash Sales
This report describes member activity for the association and is not confined to any specific geographic area.
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, September 21, 2015. Next data release is Thursday, October 22, 2015.
Month
MonthPercent Change
Year-over-YearNew Listings
-15.7%102July 2015
24.2%123August 2015
-39.4%
-51.7%
5.9%
-4.8%
-50.5%
-7.1%
16.0%138May 2015
13.3%102June 2015
-45.0%99August 2014
-20.9%110September 2014
-25.7%150October 2014
-22.5%131November 2014
-38.2%89
92
97
77
85
-23.3%
-38.6%
4.8%195
3.5%149
16.7%161
10.4%138
8.9%
3.3%
6.4%
-15.8%
-14.9%
118
Percent Change
Year-over-YearNew Pending Sales
90
80
49
147
156
133
112
80
August 2015
July 2015
June 2015
May 2015
April 2015Economists' note : Because of the typical length of time it takes for a
sale to close, economists consider Pending Sales to be a decent
indicator of potential future Closed Sales. It is important to bear in
mind, however, that not all Pending Sales will be closed successfully.
So, the effectiveness of Pending Sales as a future indicator of Closed
Sales is susceptible to changes in market conditions such as the
availability of financing for homebuyers and the inventory of
distressed properties for sale.
Economists' note : In a recovering market, we expect that new listings
will eventually rise as sellers raise their estimations of value. But this
increase will take place only after the market has turned up, so New
Listings are a lagging indicator of the health of the market. Also be
aware of properties which have been withdrawn from the market and
then relisted. These are not really New Listings.
October 2014
September 2014
August 2014
March 2015
February 2015
January 2015
December 2014
November 2014
December 2014
January 2015
February 2015
March 2015
April 2015
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
0
100
200
300
400
Ne
w L
isti
ngs
0
50
100
150
200
250
300
Pe
nd
ing
Sale
s Monthly Market Detail - August 2015
2011 2012 2013 2014 2015
Bonita Springs-Estero Association of REALTORS® Single Family Homes
New Pending Sales The number of property listings that went from "Active" to "Pending" status during the month
2011 2012 2013 2014 2015
New Listings The number of properties put onto the market during the month
This report describes member activity for the association and is not confined to any specific geographic area.
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, September 21, 2015. Next data release is Thursday, October 22, 2015.
July 2015 $344,000 5.4%
Median Sale PricePercent Change
Year-over-Year
August 2015 $331,500 -2.5%
Month
June 2015 $379,000 3.5%
May 2015 $425,000 19.7%
Economists' note : Median Sale Price is our preferred summary
statistic for price activity because, unlike Average Sale Price, Median
Sale Price is not sensitive to high sale prices for small numbers of
homes that may not be characteristic of the market area.
April 2015 $400,000 22.5%
March 2015 $460,000 30.1%
February 2015 $380,000 23.2%
January 2015 $397,500 18.7%
December 2014 $340,000 3.0%
November 2014 $295,200 13.1%
October 2014 $305,000 8.9%
July 2015 $464,258 14.9%
September 2014 $291,250 1.5%
August 2014 $339,900 24.1%
Average Sale PricePercent Change
Year-over-Year
August 2015 $405,815 -7.8%
Month
June 2015 $519,600 10.2%
May 2015 $539,067 17.0%
Economists' note : As noted above, we prefer Median Sale Price over
Average Sale Price as a summary statistic for home prices. However,
Average Sale Price does have its uses—particularly when it is analyzed
alongside the Median Sale Price. For one, the relative difference
between the two statistics can provide some insight into the market for
higher-end homes in an area.
April 2015 $499,866 3.9%
March 2015 $603,206 28.4%
February 2015 $505,380 25.8%
January 2015 $495,942 4.3%
December 2014 $447,070 10.3%
November 2014 $383,292 -4.0%
October 2014 $431,322 3.6%
September 2014 $381,074 -11.5%
August 2014 $440,314 21.9%
$210K
$310K
$410K
$510K
$610K
$710K
Ave
rage
Sal
e
Pri
ce
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
$160K
$260K
$360K
$460K
$560K
Me
dia
n S
ale
Pri
ce
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
Monthly Market Detail - August 2015
2011 2012 2013 2014 2015
Bonita Springs-Estero Association of REALTORS® Single Family Homes
Median Sale Price The median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below)
2011 2012 2013 2014 2015
Average Sale Price The average sale price reported for the month (i.e. total sales in dollars divided by the number of sales)
This report describes member activity for the association and is not confined to any specific geographic area.
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, September 21, 2015. Next data release is Thursday, October 22, 2015.
July 2015 42 -14.3%
Median Days on
Market
Percent Change
Year-over-Year
August 2015 39 -25.0%
Month
June 2015 36 -39.0%
May 2015 27 -48.1%
Economists' note : Median Days on Market is the amount of time the
"middle" property selling this month was on the market. That is, 50%
of homes selling this month took less time to sell, and 50% of homes
took more time to sell. We use the median rather than the average
because the median is not particularly sensitive to sales of homes that
took an unusually large amount of time to sell relative to the vast
majority of homes in the market.
April 2015 44 -22.8%
March 2015 47 -6.0%
February 2015 45 -32.8%
January 2015 35 -23.9%
December 2014 38 -39.7%
November 2014 20 -52.4%
October 2014 35 -49.3%
July 2015 93.5% 0.2%
September 2014 41 -43.8%
August 2014 52 -51.9%
Avg. Pct. of Orig. List
Price Received
Percent Change
Year-over-Year
August 2015 95.3% 1.8%
Month
June 2015 94.3% 1.5%
May 2015 94.5% 1.8%
Economists' note : The Average Percent of Original List Price Received
is an indicator of market conditions, in that in a recovering market, the
measure rises as buyers realize that the market may be moving away
from them and they need to match the selling price (or better it) in
order to get a contract on the house. This is usually the last measure to
indicate a market that has shifted from down to up, and is another
lagging indicator.
April 2015 93.4% 2.2%
March 2015 93.5% 0.1%
February 2015 93.7% 3.2%
January 2015 95.3% 1.0%
December 2014 94.3% 1.0%
November 2014 95.7% 1.1%
October 2014 93.8% 1.2%
September 2014 93.3% 0.3%
August 2014 93.6% -0.5%
75%
80%
85%
90%
95%
100%
Avg
. Pct
. o
f O
rig.
Li
st P
rice
R
ece
ive
d
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
0
50
100
150
Me
dia
n D
ays
on
M
arke
t
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
Monthly Market Detail - August 2015
2011 2012 2013 2014 2015
Bonita Springs-Estero Association of REALTORS® Single Family Homes
Median Days on Market The median number of days that properties sold during the month were on the market
2011 2012 2013 2014 2015
Average Percent of Original List Price Received The average of the sale price (as a percentage of the original list price) across all properties selling during the month
This report describes member activity for the association and is not confined to any specific geographic area.
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, September 21, 2015. Next data release is Thursday, October 22, 2015.
July 2015 320 -18.2%
InventoryPercent Change
Year-over-Year
August 2015 352 -10.7%
Month
June 2015 327 -15.7%
May 2015 432 -0.2%
Economists' note : There are a number of ways to calculate Inventory,
so these numbers may not match up to others you see in your market.
We calculate Inventory by counting the number of active listings on the
last day of the month, and hold this number to compare with the same
month the following year.
April 2015 441 -8.1%
March 2015 467 -7.3%
February 2015 479 -13.2%
January 2015 489 -17.4%
December 2014 448 -41.6%
November 2014 451 -43.1%
October 2014 419 -47.2%
July 2015 3.5 -9.5%
September 2014 399 -51.2%
August 2014 394 -50.3%
Months SupplyPercent Change
Year-over-Year
August 2015 3.8 -5.9%
Month
June 2015 3.6 -1.8%
May 2015 4.7 19.6%
Economists' note : This is an indicator of the state of the market,
whether it is a buyers' market or a sellers' market. The benchmark for
a balanced market (favoring neither buyer nor seller) is 5.5 Months of
Inventory. Higher numbers indicate a buyers' market, lower numbers
a sellers' market.
April 2015 4.9 20.9%
March 2015 5.3 30.7%
February 2015 5.5 28.3%
January 2015 5.6 27.1%
December 2014 5.1 -8.8%
November 2014 5.2 -8.6%
October 2014 4.6 -17.9%
September 2014 4.4 -22.8%
August 2014 4.1 -26.5%
200
700
1,200
1,700
2,200
Inve
nto
ry
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
Monthly Market Detail - August 2015
2011 2012 2013 2014 2015
Bonita Springs-Estero Association of REALTORS® Single Family Homes
Inventory (Active Listings) The number of property listings active at the end of the month
2.0
7.0
12.0
17.0
22.0
Mo
nth
s Su
pp
ly o
f In
ven
tory
2011 2012 2013 2014 2015
Months Supply of Inventory An estimate of the number of months it will take to deplete the current Inventory given recent sales rates
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
This report describes member activity for the association and is not confined to any specific geographic area.
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, September 21, 2015. Next data release is Thursday, October 22, 2015.
$600,000 - $999,999 89 -11.9%
$1,000,000 or more 172 8.2%
Economists' note: Median Days on Market is the amount of time the
"middle" property selling this month was on the market. That is, 50%
of homes selling this month took less time to sell, and 50% of homes
took more time to sell. We use the median rather than the average
because the median is not particularly sensitive to sales of homes that
took an unusually large amount of time to sell relative to the vast
majority of homes in the market.
$150,000 - $199,999 12 -77.4%
$200,000 - $249,999 32 -54.3%
$250,000 - $299,999
$400,000 - $599,999 47 -49.5%
32 -13.5%
$300,000 - $399,999 39 -32.8%
Economists' note : Closed Sales are one of the simplest—yet most
important—indicators for the residential real estate market. When
comparing Closed Sales across markets of different sizes, we
recommend using the year-over-year percent changes rather than the
absolute counts. Realtors® and their clients should also be wary of
month-to-month comparisons of Closed Sales because of potential
seasonal effects.
Sale PriceMedian Days on
Market
Percent Change
Year-over-Year
Less than $50,000 (No Sales) N/A
$1,000,000 or more 4 -20.0%
$250,000 - $299,999 12 20.0%
$300,000 - $399,999 15 36.4%
$50,000 - $99,999 18 50.0%
$100,000 - $149,999
$400,000 - $599,999 17 41.7%
$600,000 - $999,999 5 -58.3%
22 633.3%
$150,000 - $199,999 8 -11.1%
$200,000 - $249,999 10 42.9%
$100,000 - $149,999 5 -28.6%
Sale Price Closed SalesPercent Change
Year-over-Year
Less than $50,000 0 N/A
$50,000 - $99,999 2 -50.0%
0
50
100
150
200
Less than $50,000
$50,000 - $99,999
$100,000 - $149,999
$150,000 - $199,999
$200,000 - $249,999
$250,000 - $299,999
$300,000 - $399,999
$400,000 - $599,999
$600,000 - $999,999
$1,000,000 or more
Me
dia
n D
ays
on
Mar
ket
August 2014 August 2015
0 2 4 6 8
10 12 14 16 18
Less than $50,000
$50,000 - $99,999
$100,000 - $149,999
$150,000 - $199,999
$200,000 - $249,999
$250,000 - $299,999
$300,000 - $399,999
$400,000 - $599,999
$600,000 - $999,999
$1,000,000 or more
Clo
sed
Sal
es
August 2014 August 2015
0
50
100
150
200
0 2 4 6 8 10 12 14 16 18
Monthly Market Detail - August 2015
Bonita Springs-Estero Association of REALTORS® Single Family Homes
Closed Sales by Sale Price The number of sales transactions which closed during the month
Median Days on Market by Sale Price The median number of days that properties sold during the month were on the market
This report describes member activity for the association and is not confined to any specific geographic area.
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, September 21, 2015. Next data release is Thursday, October 22, 2015.
$600,000 - $999,999 62 -21.5%
$1,000,000 or more 60 9.1%
Economists' note: There are a number of ways to calculate Inventory,
so these numbers may not match up to others you see in your market.
We calculate Inventory by counting the number of active listings on the
last day of the month, and hold this number to compare with the same
month the following year.
$150,000 - $199,999 6 -72.7%
$200,000 - $249,999 18 -21.7%
$250,000 - $299,999 25 -10.7%
$300,000 - $399,999 56 -17.6%
$400,000 - $599,999 101 26.3%
$50,000 - $99,999 6 -60.0%
$100,000 - $149,999 18 -25.0%
Current Listing Price InventoryPercent Change
Year-over-Year
Less than $50,000 0 N/A
$600,000 - $999,999 15 15.4%
$1,000,000 or more 6 -14.3%
Economists' note: In a recovering market, we expect that new listings
will eventually rise as sellers raise their estimations of value. But this
increase will take place only after the market has turned up, so New
Listings are a lagging indicator of the health of the market. Also be
aware of properties which have been withdrawn from the market and
then relisted. These are not really New Listings.
$150,000 - $199,999 7 -41.7%
$200,000 - $249,999 4 33.3%
$250,000 - $299,999 14 7.7%
$300,000 - $399,999 29 52.6%
$400,000 - $599,999 33 65.0%
$50,000 - $99,999 0 -100.0%
$100,000 - $149,999 15 87.5%
Initial Listing Price New ListingsPercent Change
Year-over-Year
Less than $50,000 0 N/A
0
20
40
60
80
100
120
Less than $50,000
$50,000 - $99,999
$100,000 - $149,999
$150,000 - $199,999
$200,000 - $249,999
$250,000 - $299,999
$300,000 - $399,999
$400,000 - $599,999
$600,000 - $999,999
$1,000,000 or more
Inve
nto
ry
August 2014 August 2015
0
5
10
15
20
25
30
35
Less than $50,000
$50,000 - $99,999
$100,000 - $149,999
$150,000 - $199,999
$200,000 - $249,999
$250,000 - $299,999
$300,000 - $399,999
$400,000 - $599,999
$600,000 - $999,999
$1,000,000 or more
Ne
w L
isti
ngs
August 2014 August 2015
0
20
40
60
80
100
120
0
5
10
15
20
25
30
35
Monthly Market Detail - August 2015
Bonita Springs-Estero Association of REALTORS® Single Family Homes
New Listings by Initial Listing Price The number of properties put onto the market during the month
Inventory by Current Listing Price The number of property listings active at the end of the month
This report describes member activity for the association and is not confined to any specific geographic area.
Closed Sales
Median Sale Price
Closed Sales
Median Sale Price
Closed Sales
Median Sale Price
A
M
J
J
A
S
O
N
D
J
F
M
A
M
J
J
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, September 21, 2015. Next data release is Thursday, October 22, 2015.
Short Sale
2 3 -33.3%
$227,500 $295,000 -22.9%
Foreclosure/REO
2 5 -60.0%
$113,500 $316,000 -64.1%
August 2015 August 2014Percent Change
Year-over-Year
Traditional
74 69 7.2%
$335,000 $343,500 -2.5%
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
Me
dia
n S
ale
Pri
ce
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Clo
sed
Sal
es
Traditional Foreclosure/REO Short Sale
2011 2012 2013 2014 2015
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
Monthly Distressed Market - August 2015
Bonita Springs-Estero Association of REALTORS® Single Family Homes
2011 2012 2013 2014 2015
This report describes member activity for the association and is not confined to any specific geographic area.
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, September 21, 2015. Next data release is Thursday, October 22, 2015.
2.0%
134 -21.6%
Percent Change
Year-over-Year
-13.5%
373 -33.0%
Closed Sales
64
93.1%
3.8 -20.3%
August 2015
Average Sale Price
Median Days on Market
95.0%
105
Average Percent of Original List
Price Received
Pending Inventory
Inventory (Active Listings)
Month
250
Months Supply of Inventory 3.0
Summary Statistics
Closed Sales
Paid in Cash
$360,198
August 2015
66New Pending Sales
New Listings
Median Sale Price
August 2014Percent Change
Year-over-Year
41 57 -28.1%
64 74 -13.5%
77 -14.3%
$232,750 $225,000 3.4%
98 78 25.6%
$345,817 4.2%
59 58 1.7%
Economists' note : Closed Sales are one of the simplest—yet most
important—indicators for the residential real estate market. When
comparing Closed Sales across markets of different sizes, we
recommend using the year-over-year percent changes rather than the
absolute counts. Realtors® and their clients should also be wary of
month-to-month comparisons of Closed Sales because of potential
seasonal effects.
April 2015 115
March 2015 107
February 2015 71
September 2014 62
August 2014 74
January 2015 75
December 2014 89
-32.1%
November 2014 58
October 2014 77
-33.3%
-28.7%
-35.4%
-16.1%
-15.1%
-7.4%
-11.0%
-18.4%
July 2015 67 -6.9%
11.2%
-11.9%
June 2015 99
May 2015 111
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
Monthly Market Detail - August 2015
Bonita Springs-Estero Association of REALTORS® Townhouses and Condos
0
50
100
150
200
250
Clo
sed
Sal
es
2011 2012 2013 2014 2015
Closed Sales The number of sales transactions which closed during the month
This report describes member activity for the association and is not confined to any specific geographic area.
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, September 21, 2015. Next data release is Thursday, October 22, 2015.
Month Cash SalesPercent Change
Year-over-Year
August 2015 41 -28.1%
July 2015 45 -10.0%
June 2015 66 34.7%
May 2015 67 -21.2%
Economists' note : Cash Sales can be a useful indicator of the extent to
which investors are participating in the market. Why? Investors are
far more likely to have the funds to purchase a home available up front,
whereas the typical homebuyer requires a mortgage or some other
form of financing. There are, of course, many possible exceptions, so
this statistic should be interpreted with care.
April 2015 81 -22.9%
March 2015 78 -13.3%
February 2015 56 -21.1%
January 2015 51 -16.4%
December 2014 60 -7.7%
November 2014 44 -33.3%
October 2014 53 -26.4%
September 2014 34 -46.0%
August 2014 57 -20.8%
MonthPercent of Closed
Sales Paid in Cash
Percent Change
Year-over-Year
August 2015 64.1% -16.8%
July 2015 67.2% -3.3%
June 2015 66.7% 21.1%
May 2015 60.4% -10.5%
Economists' note : This statistic is simply another way of viewing
Cash Sales. The remaining percentages of Closed Sales (i.e. those not
paid fully in cash) each month involved some sort of financing, such as
mortgages, owner/seller financing, assumed loans, etc.
April 2015 70.4% -8.1%
March 2015 72.9% 2.1%
February 2015 78.9% -3.4%
January 2015 68.0% -9.7%
December 2014 67.4% 3.7%
November 2014 75.9% 0.0%
October 2014 68.8% 3.2%
September 2014 54.8% -16.4%
August 2014 77.0% 16.6%
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
44%
54%
64%
74%
84%
94%
Pct
. of
Clo
sed
Sa
les
Pai
d in
Cas
h
0
50
100
150
200
Cas
h S
ale
s Monthly Market Detail - August 2015
2011 2012 2013 2014 2015
Bonita Springs-Estero Association of REALTORS® Townhouses and Condos
Cash Sales The number of Closed Sales during the month in which buyers exclusively paid in cash
2011 2012 2013 2014 2015
Cash Sales as a Percentage of Closed Sales The percentage of Closed Sales during the month which were Cash Sales
This report describes member activity for the association and is not confined to any specific geographic area.
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, September 21, 2015. Next data release is Thursday, October 22, 2015.
Month
MonthPercent Change
Year-over-YearNew Listings
-1.5%64July 2015
25.6%98August 2015
-49.2%
-43.4%
-14.3%
-17.7%
-47.6%
-13.7%
-3.3%89May 2015
-26.8%71June 2015
-55.7%78August 2014
-34.4%103September 2014
-29.3%128October 2014
-22.0%124November 2014
-42.1%77
83
93
66
77
-36.6%
-25.6%
-26.1%156
-26.0%114
-0.7%133
-17.2%111
13.3%
-6.7%
-18.8%
-32.2%
-17.0%
88
Percent Change
Year-over-YearNew Pending Sales
66
65
43
128
153
125
103
83
August 2015
July 2015
June 2015
May 2015
April 2015Economists' note : Because of the typical length of time it takes for a
sale to close, economists consider Pending Sales to be a decent
indicator of potential future Closed Sales. It is important to bear in
mind, however, that not all Pending Sales will be closed successfully.
So, the effectiveness of Pending Sales as a future indicator of Closed
Sales is susceptible to changes in market conditions such as the
availability of financing for homebuyers and the inventory of
distressed properties for sale.
Economists' note : In a recovering market, we expect that new listings
will eventually rise as sellers raise their estimations of value. But this
increase will take place only after the market has turned up, so New
Listings are a lagging indicator of the health of the market. Also be
aware of properties which have been withdrawn from the market and
then relisted. These are not really New Listings.
October 2014
September 2014
August 2014
March 2015
February 2015
January 2015
December 2014
November 2014
December 2014
January 2015
February 2015
March 2015
April 2015
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
0
100
200
300
400
Ne
w L
isti
ngs
0
50
100
150
200
250
300
Pe
nd
ing
Sale
s Monthly Market Detail - August 2015
2011 2012 2013 2014 2015
Bonita Springs-Estero Association of REALTORS® Townhouses and Condos
New Pending Sales The number of property listings that went from "Active" to "Pending" status during the month
2011 2012 2013 2014 2015
New Listings The number of properties put onto the market during the month
This report describes member activity for the association and is not confined to any specific geographic area.
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, September 21, 2015. Next data release is Thursday, October 22, 2015.
July 2015 $285,000 25.3%
Median Sale PricePercent Change
Year-over-Year
August 2015 $232,750 3.4%
Month
June 2015 $257,500 19.8%
May 2015 $247,500 5.3%
Economists' note : Median Sale Price is our preferred summary
statistic for price activity because, unlike Average Sale Price, Median
Sale Price is not sensitive to high sale prices for small numbers of
homes that may not be characteristic of the market area.
April 2015 $255,000 19.2%
March 2015 $230,000 -5.2%
February 2015 $225,000 -4.5%
January 2015 $245,000 19.0%
December 2014 $267,500 33.8%
November 2014 $203,500 10.0%
October 2014 $230,000 9.5%
July 2015 $336,209 19.1%
September 2014 $216,000 13.7%
August 2014 $225,000 20.3%
Average Sale PricePercent Change
Year-over-Year
August 2015 $360,198 4.2%
Month
June 2015 $369,816 28.1%
May 2015 $323,381 2.8%
Economists' note : As noted above, we prefer Median Sale Price over
Average Sale Price as a summary statistic for home prices. However,
Average Sale Price does have its uses—particularly when it is analyzed
alongside the Median Sale Price. For one, the relative difference
between the two statistics can provide some insight into the market for
higher-end homes in an area.
April 2015 $392,293 50.9%
March 2015 $256,851 -7.1%
February 2015 $328,350 21.4%
January 2015 $323,251 17.1%
December 2014 $310,882 28.1%
November 2014 $239,089 -5.4%
October 2014 $302,654 26.5%
September 2014 $280,016 21.0%
August 2014 $345,817 53.3%
$160K
$210K
$260K
$310K
$360K
$410K
Ave
rage
Sal
e
Pri
ce
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
$130K
$180K
$230K
$280K
$330K
Me
dia
n S
ale
Pri
ce
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
Monthly Market Detail - August 2015
2011 2012 2013 2014 2015
Bonita Springs-Estero Association of REALTORS® Townhouses and Condos
Median Sale Price The median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below)
2011 2012 2013 2014 2015
Average Sale Price The average sale price reported for the month (i.e. total sales in dollars divided by the number of sales)
This report describes member activity for the association and is not confined to any specific geographic area.
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, September 21, 2015. Next data release is Thursday, October 22, 2015.
July 2015 53 6.0%
Median Days on
Market
Percent Change
Year-over-Year
August 2015 59 1.7%
Month
June 2015 33 -32.7%
May 2015 47 -21.7%
Economists' note : Median Days on Market is the amount of time the
"middle" property selling this month was on the market. That is, 50%
of homes selling this month took less time to sell, and 50% of homes
took more time to sell. We use the median rather than the average
because the median is not particularly sensitive to sales of homes that
took an unusually large amount of time to sell relative to the vast
majority of homes in the market.
April 2015 42 -6.7%
March 2015 36 -20.0%
February 2015 39 -23.5%
January 2015 43 -27.1%
December 2014 56 1.8%
November 2014 34 -32.0%
October 2014 54 -14.3%
July 2015 94.6% 1.2%
September 2014 64 -8.6%
August 2014 58 -46.8%
Avg. Pct. of Orig. List
Price Received
Percent Change
Year-over-Year
August 2015 95.0% 2.0%
Month
June 2015 94.9% 0.6%
May 2015 94.9% 1.8%
Economists' note : The Average Percent of Original List Price Received
is an indicator of market conditions, in that in a recovering market, the
measure rises as buyers realize that the market may be moving away
from them and they need to match the selling price (or better it) in
order to get a contract on the house. This is usually the last measure to
indicate a market that has shifted from down to up, and is another
lagging indicator.
April 2015 93.5% -1.1%
March 2015 94.5% 1.8%
February 2015 94.6% -0.9%
January 2015 93.9% 1.2%
December 2014 93.9% 1.8%
November 2014 93.9% 0.2%
October 2014 94.3% 0.5%
September 2014 93.3% -0.7%
August 2014 93.1% 1.1%
75%
80%
85%
90%
95%
100%
Avg
. Pct
. o
f O
rig.
Li
st P
rice
R
ece
ive
d
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
0
50
100
150
200
Me
dia
n D
ays
on
M
arke
t
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
Monthly Market Detail - August 2015
2011 2012 2013 2014 2015
Bonita Springs-Estero Association of REALTORS® Townhouses and Condos
Median Days on Market The median number of days that properties sold during the month were on the market
2011 2012 2013 2014 2015
Average Percent of Original List Price Received The average of the sale price (as a percentage of the original list price) across all properties selling during the month
This report describes member activity for the association and is not confined to any specific geographic area.
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, September 21, 2015. Next data release is Thursday, October 22, 2015.
July 2015 212 -46.3%
InventoryPercent Change
Year-over-Year
August 2015 250 -33.0%
Month
June 2015 215 -51.7%
May 2015 309 -32.2%
Economists' note : There are a number of ways to calculate Inventory,
so these numbers may not match up to others you see in your market.
We calculate Inventory by counting the number of active listings on the
last day of the month, and hold this number to compare with the same
month the following year.
April 2015 329 -37.2%
March 2015 358 -31.2%
February 2015 386 -31.7%
January 2015 414 -33.3%
December 2014 394 -47.7%
November 2014 410 -49.0%
October 2014 396 -53.4%
July 2015 2.5 -35.0%
September 2014 395 -52.9%
August 2014 373 -55.8%
Months SupplyPercent Change
Year-over-Year
August 2015 3.0 -20.3%
Month
June 2015 2.6 -39.4%
May 2015 3.7 -9.4%
Economists' note : This is an indicator of the state of the market,
whether it is a buyers' market or a sellers' market. The benchmark for
a balanced market (favoring neither buyer nor seller) is 5.5 Months of
Inventory. Higher numbers indicate a buyers' market, lower numbers
a sellers' market.
April 2015 3.9 -13.2%
March 2015 4.1 -1.9%
February 2015 4.4 -1.9%
January 2015 4.6 -3.9%
December 2014 4.4 -24.1%
November 2014 4.5 -25.6%
October 2014 4.3 -32.4%
September 2014 4.1 -33.9%
August 2014 3.8 -40.6%
100
600
1,100
1,600
2,100
Inve
nto
ry
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
Monthly Market Detail - August 2015
2011 2012 2013 2014 2015
Bonita Springs-Estero Association of REALTORS® Townhouses and Condos
Inventory (Active Listings) The number of property listings active at the end of the month
1.0
6.0
11.0
16.0
21.0
Mo
nth
s Su
pp
ly o
f In
ven
tory
2011 2012 2013 2014 2015
Months Supply of Inventory An estimate of the number of months it will take to deplete the current Inventory given recent sales rates
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
This report describes member activity for the association and is not confined to any specific geographic area.
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, September 21, 2015. Next data release is Thursday, October 22, 2015.
$600,000 - $999,999 94 56.7%
$1,000,000 or more 59 -53.9%
Economists' note: Median Days on Market is the amount of time the
"middle" property selling this month was on the market. That is, 50%
of homes selling this month took less time to sell, and 50% of homes
took more time to sell. We use the median rather than the average
because the median is not particularly sensitive to sales of homes that
took an unusually large amount of time to sell relative to the vast
majority of homes in the market.
$150,000 - $199,999 32 -79.7%
$200,000 - $249,999 58 3.6%
$250,000 - $299,999
$400,000 - $599,999 64 45.5%
41 -46.1%
$300,000 - $399,999 113 222.9%
Economists' note : Closed Sales are one of the simplest—yet most
important—indicators for the residential real estate market. When
comparing Closed Sales across markets of different sizes, we
recommend using the year-over-year percent changes rather than the
absolute counts. Realtors® and their clients should also be wary of
month-to-month comparisons of Closed Sales because of potential
seasonal effects.
Sale PriceMedian Days on
Market
Percent Change
Year-over-Year
Less than $50,000 (No Sales) N/A
$1,000,000 or more 5 400.0%
$250,000 - $299,999 9 0.0%
$300,000 - $399,999 6 -14.3%
$50,000 - $99,999 44 266.7%
$100,000 - $149,999
$400,000 - $599,999 6 -25.0%
$600,000 - $999,999 4 -50.0%
60 87.5%
$150,000 - $199,999 13 -18.8%
$200,000 - $249,999 12 -7.7%
$100,000 - $149,999 7 -12.5%
Sale Price Closed SalesPercent Change
Year-over-Year
Less than $50,000 0 N/A
$50,000 - $99,999 2 -50.0%
0 20 40 60 80
100 120 140 160 180
Less than $50,000
$50,000 - $99,999
$100,000 - $149,999
$150,000 - $199,999
$200,000 - $249,999
$250,000 - $299,999
$300,000 - $399,999
$400,000 - $599,999
$600,000 - $999,999
$1,000,000 or more
Me
dia
n D
ays
on
Mar
ket
August 2014 August 2015
0 2 4 6 8
10 12 14 16 18
Less than $50,000
$50,000 - $99,999
$100,000 - $149,999
$150,000 - $199,999
$200,000 - $249,999
$250,000 - $299,999
$300,000 - $399,999
$400,000 - $599,999
$600,000 - $999,999
$1,000,000 or more
Clo
sed
Sal
es
August 2014 August 2015
0 20 40 60 80 100 120 140 160 180
0 2 4 6 8 10 12 14 16 18
Monthly Market Detail - August 2015
Bonita Springs-Estero Association of REALTORS® Townhouses and Condos
Closed Sales by Sale Price The number of sales transactions which closed during the month
Median Days on Market by Sale Price The median number of days that properties sold during the month were on the market
This report describes member activity for the association and is not confined to any specific geographic area.
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, September 21, 2015. Next data release is Thursday, October 22, 2015.
$600,000 - $999,999 23 -37.8%
$1,000,000 or more 6 -53.8%
Economists' note: There are a number of ways to calculate Inventory,
so these numbers may not match up to others you see in your market.
We calculate Inventory by counting the number of active listings on the
last day of the month, and hold this number to compare with the same
month the following year.
$150,000 - $199,999 23 -64.6%
$200,000 - $249,999 41 -12.8%
$250,000 - $299,999 49 -14.0%
$300,000 - $399,999 40 -32.2%
$400,000 - $599,999 32 -41.8%
$50,000 - $99,999 7 -50.0%
$100,000 - $149,999 24 26.3%
Current Listing Price InventoryPercent Change
Year-over-Year
Less than $50,000 5 -28.6%
$600,000 - $999,999 7 600.0%
$1,000,000 or more 0 -100.0%
Economists' note: In a recovering market, we expect that new listings
will eventually rise as sellers raise their estimations of value. But this
increase will take place only after the market has turned up, so New
Listings are a lagging indicator of the health of the market. Also be
aware of properties which have been withdrawn from the market and
then relisted. These are not really New Listings.
$150,000 - $199,999 8 -57.9%
$200,000 - $249,999 18 80.0%
$250,000 - $299,999 27 237.5%
$300,000 - $399,999 18 50.0%
$400,000 - $599,999 12 20.0%
$50,000 - $99,999 2 -33.3%
$100,000 - $149,999 6 -25.0%
Initial Listing Price New ListingsPercent Change
Year-over-Year
Less than $50,000 0 -100.0%
0
10
20
30
40
50
60
70
Less than $50,000
$50,000 - $99,999
$100,000 - $149,999
$150,000 - $199,999
$200,000 - $249,999
$250,000 - $299,999
$300,000 - $399,999
$400,000 - $599,999
$600,000 - $999,999
$1,000,000 or more
Inve
nto
ry
August 2014 August 2015
0
5
10
15
20
25
30
Less than $50,000
$50,000 - $99,999
$100,000 - $149,999
$150,000 - $199,999
$200,000 - $249,999
$250,000 - $299,999
$300,000 - $399,999
$400,000 - $599,999
$600,000 - $999,999
$1,000,000 or more
Ne
w L
isti
ngs
August 2014 August 2015
0
10
20
30
40
50
60
70
0
5
10
15
20
25
30
Monthly Market Detail - August 2015
Bonita Springs-Estero Association of REALTORS® Townhouses and Condos
New Listings by Initial Listing Price The number of properties put onto the market during the month
Inventory by Current Listing Price The number of property listings active at the end of the month
This report describes member activity for the association and is not confined to any specific geographic area.
Closed Sales
Median Sale Price
Closed Sales
Median Sale Price
Closed Sales
Median Sale Price
A
M
J
J
A
S
O
N
D
J
F
M
A
M
J
J
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, September 21, 2015. Next data release is Thursday, October 22, 2015.
Short Sale
0 0 N/A
(No Sales) (No Sales) N/A
Foreclosure/REO
0 4 -100.0%
(No Sales) $130,050 N/A
August 2015 August 2014Percent Change
Year-over-Year
Traditional
64 70 -8.6%
$232,750 $234,500 -0.7%
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
Me
dia
n S
ale
Pri
ce
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Clo
sed
Sal
es
Traditional Foreclosure/REO Short Sale
2011 2012 2013 2014 2015
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
Monthly Distressed Market - August 2015
Bonita Springs-Estero Association of REALTORS® Townhouses and Condos
2011 2012 2013 2014 2015
This report describes member activity for the association and is not confined to any specific geographic area.
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, September 21, 2015. Next data release is Thursday, October 22, 2015.
23.1%
4 50.0%
Percent Change
Year-over-Year
-83.3%
35 -45.7%
Closed Sales
1
78.2%
9.3 -66.5%
August 2015
Average Sale Price
Median Days on Market
96.3%
6
Average Percent of Original List
Price Received
Pending Inventory
Inventory (Active Listings)
Month
19
Months Supply of Inventory 3.1
Summary Statistics
Closed Sales
Paid in Cash
$67,400
August 2015
4New Pending Sales
New Listings
Median Sale Price
August 2014Percent Change
Year-over-Year
1 6 -83.3%
1 6 -83.3%
6 -33.3%
$67,400 $60,000 12.3%
5 7 -28.6%
$63,333 6.4%
103 183 -43.7%
Economists' note : Closed Sales are one of the simplest—yet most
important—indicators for the residential real estate market. When
comparing Closed Sales across markets of different sizes, we
recommend using the year-over-year percent changes rather than the
absolute counts. Realtors® and their clients should also be wary of
month-to-month comparisons of Closed Sales because of potential
seasonal effects.
April 2015 8
March 2015 10
February 2015 7
September 2014 5
August 2014 6
January 2015 4
December 2014 9
200.0%
November 2014 5
October 2014 4
66.7%
0.0%
66.7%
14.3%
100.0%
300.0%
800.0%
133.3%
July 2015 3 N/A
125.0%
0.0%
June 2015 9
May 2015 8
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
Monthly Market Detail - August 2015
Bonita Springs-Estero Association of REALTORS® Manufactured Homes
0
5
10
15
Clo
sed
Sal
es
2011 2012 2013 2014 2015
Closed Sales The number of sales transactions which closed during the month
This report describes member activity for the association and is not confined to any specific geographic area.
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, September 21, 2015. Next data release is Thursday, October 22, 2015.
Month Cash SalesPercent Change
Year-over-Year
August 2015 1 -83.3%
July 2015 2 N/A
June 2015 9 125.0%
May 2015 8 33.3%
Economists' note : Cash Sales can be a useful indicator of the extent to
which investors are participating in the market. Why? Investors are
far more likely to have the funds to purchase a home available up front,
whereas the typical homebuyer requires a mortgage or some other
form of financing. There are, of course, many possible exceptions, so
this statistic should be interpreted with care.
April 2015 7 0.0%
March 2015 9 80.0%
February 2015 7 133.3%
January 2015 3 200.0%
December 2014 9 800.0%
November 2014 5 66.7%
October 2014 4 0.0%
September 2014 5 66.7%
August 2014 6 200.0%
MonthPercent of Closed
Sales Paid in Cash
Percent Change
Year-over-Year
August 2015 100.0% 0.0%
July 2015 66.7% N/A
June 2015 100.0% 0.0%
May 2015 100.0% 33.3%
Economists' note : This statistic is simply another way of viewing
Cash Sales. The remaining percentages of Closed Sales (i.e. those not
paid fully in cash) each month involved some sort of financing, such as
mortgages, owner/seller financing, assumed loans, etc.
April 2015 87.5% -12.5%
March 2015 90.0% -10.0%
February 2015 100.0% 0.0%
January 2015 75.0% -25.0%
December 2014 100.0% 0.0%
November 2014 100.0% 0.0%
October 2014 100.0% 0.0%
September 2014 100.0% 0.0%
August 2014 100.0% 0.0%
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
40%
60%
80%
100%
120%
Pct
. of
Clo
sed
Sa
les
Pai
d in
Cas
h
0
2
4
6
8
10
12
Cas
h S
ale
s Monthly Market Detail - August 2015
2011 2012 2013 2014 2015
Bonita Springs-Estero Association of REALTORS® Manufactured Homes
Cash Sales The number of Closed Sales during the month in which buyers exclusively paid in cash
2011 2012 2013 2014 2015
Cash Sales as a Percentage of Closed Sales The percentage of Closed Sales during the month which were Cash Sales
This report describes member activity for the association and is not confined to any specific geographic area.
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, September 21, 2015. Next data release is Thursday, October 22, 2015.
Month
MonthPercent Change
Year-over-YearNew Listings
75.0%7July 2015
-28.6%5August 2015
100.0%
500.0%
-33.3%
-50.0%
200.0%
0.0%
-81.8%2May 2015
0.0%3June 2015
75.0%7August 2014
700.0%8September 2014
57.1%11October 2014
-22.2%7November 2014
75.0%7
8
6
10
6
N/A
0.0%
0.0%13
22.2%11
25.0%10
266.7%11
40.0%
200.0%
-35.7%
200.0%
100.0%
6
Percent Change
Year-over-YearNew Pending Sales
4
1
3
7
12
9
12
4
August 2015
July 2015
June 2015
May 2015
April 2015Economists' note : Because of the typical length of time it takes for a
sale to close, economists consider Pending Sales to be a decent
indicator of potential future Closed Sales. It is important to bear in
mind, however, that not all Pending Sales will be closed successfully.
So, the effectiveness of Pending Sales as a future indicator of Closed
Sales is susceptible to changes in market conditions such as the
availability of financing for homebuyers and the inventory of
distressed properties for sale.
Economists' note : In a recovering market, we expect that new listings
will eventually rise as sellers raise their estimations of value. But this
increase will take place only after the market has turned up, so New
Listings are a lagging indicator of the health of the market. Also be
aware of properties which have been withdrawn from the market and
then relisted. These are not really New Listings.
October 2014
September 2014
August 2014
March 2015
February 2015
January 2015
December 2014
November 2014
December 2014
January 2015
February 2015
March 2015
April 2015
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
0
5
10
15
20
25
Ne
w L
isti
ngs
0
5
10
15
Pe
nd
ing
Sale
s Monthly Market Detail - August 2015
2011 2012 2013 2014 2015
Bonita Springs-Estero Association of REALTORS® Manufactured Homes
New Pending Sales The number of property listings that went from "Active" to "Pending" status during the month
2011 2012 2013 2014 2015
New Listings The number of properties put onto the market during the month
This report describes member activity for the association and is not confined to any specific geographic area.
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, September 21, 2015. Next data release is Thursday, October 22, 2015.
July 2015 $80,000 N/A
Median Sale PricePercent Change
Year-over-Year
August 2015 $67,400 12.3%
Month
June 2015 $71,000 -38.3%
May 2015 $83,500 -7.6%
Economists' note : Median Sale Price is our preferred summary
statistic for price activity because, unlike Average Sale Price, Median
Sale Price is not sensitive to high sale prices for small numbers of
homes that may not be characteristic of the market area.
April 2015 $71,000 -53.4%
March 2015 $83,500 28.5%
February 2015 $95,000 -5.0%
January 2015 $112,250 -13.7%
December 2014 $120,000 62.2%
November 2014 $75,000 -19.8%
October 2014 $68,500 -11.0%
July 2015 $110,000 N/A
September 2014 $105,000 90.9%
August 2014 $60,000 -40.7%
Average Sale PricePercent Change
Year-over-Year
August 2015 $67,400 6.4%
Month
June 2015 $87,456 -22.3%
May 2015 $87,813 -28.0%
Economists' note : As noted above, we prefer Median Sale Price over
Average Sale Price as a summary statistic for home prices. However,
Average Sale Price does have its uses—particularly when it is analyzed
alongside the Median Sale Price. For one, the relative difference
between the two statistics can provide some insight into the market for
higher-end homes in an area.
April 2015 $76,375 -52.5%
March 2015 $85,214 -16.5%
February 2015 $93,050 -2.1%
January 2015 $114,250 -12.1%
December 2014 $103,850 40.3%
November 2014 $74,700 -16.5%
October 2014 $67,750 -38.0%
September 2014 $105,500 87.3%
August 2014 $63,333 -37.4%
$0K
$50K
$100K
$150K
$200K
Ave
rage
Sal
e
Pri
ce
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
$0K
$50K
$100K
$150K
$200K
Me
dia
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ale
Pri
ce
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
Monthly Market Detail - August 2015
2011 2012 2013 2014 2015
Bonita Springs-Estero Association of REALTORS® Manufactured Homes
Median Sale Price The median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below)
2011 2012 2013 2014 2015
Average Sale Price The average sale price reported for the month (i.e. total sales in dollars divided by the number of sales)
This report describes member activity for the association and is not confined to any specific geographic area.
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, September 21, 2015. Next data release is Thursday, October 22, 2015.
July 2015 73 N/A
Median Days on
Market
Percent Change
Year-over-Year
August 2015 103 -43.7%
Month
June 2015 110 -41.8%
May 2015 56 7.7%
Economists' note : Median Days on Market is the amount of time the
"middle" property selling this month was on the market. That is, 50%
of homes selling this month took less time to sell, and 50% of homes
took more time to sell. We use the median rather than the average
because the median is not particularly sensitive to sales of homes that
took an unusually large amount of time to sell relative to the vast
majority of homes in the market.
April 2015 84 -61.6%
March 2015 129 92.5%
February 2015 50 -33.3%
January 2015 35 -20.5%
December 2014 89 -25.2%
November 2014 183 -8.5%
October 2014 36 -79.2%
July 2015 75.9% N/A
September 2014 116 9.4%
August 2014 183 27.1%
Avg. Pct. of Orig. List
Price Received
Percent Change
Year-over-Year
August 2015 96.3% 23.1%
Month
June 2015 84.6% 5.0%
May 2015 83.5% -5.1%
Economists' note : The Average Percent of Original List Price Received
is an indicator of market conditions, in that in a recovering market, the
measure rises as buyers realize that the market may be moving away
from them and they need to match the selling price (or better it) in
order to get a contract on the house. This is usually the last measure to
indicate a market that has shifted from down to up, and is another
lagging indicator.
April 2015 91.6% -0.8%
March 2015 86.0% 0.1%
February 2015 79.5% -8.6%
January 2015 94.3% 7.4%
December 2014 90.4% 17.3%
November 2014 86.4% 19.0%
October 2014 73.1% -21.1%
September 2014 88.2% 1.4%
August 2014 78.2% -9.1%
0%
20%
40%
60%
80%
100%
120%
Avg
. Pct
. o
f O
rig.
Li
st P
rice
R
ece
ive
d
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
0
100
200
300
400
500
Me
dia
n D
ays
on
M
arke
t
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
Monthly Market Detail - August 2015
2011 2012 2013 2014 2015
Bonita Springs-Estero Association of REALTORS® Manufactured Homes
Median Days on Market The median number of days that properties sold during the month were on the market
2011 2012 2013 2014 2015
Average Percent of Original List Price Received The average of the sale price (as a percentage of the original list price) across all properties selling during the month
This report describes member activity for the association and is not confined to any specific geographic area.
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, September 21, 2015. Next data release is Thursday, October 22, 2015.
July 2015 18 -40.0%
InventoryPercent Change
Year-over-Year
August 2015 19 -45.7%
Month
June 2015 11 -66.7%
May 2015 26 -33.3%
Economists' note : There are a number of ways to calculate Inventory,
so these numbers may not match up to others you see in your market.
We calculate Inventory by counting the number of active listings on the
last day of the month, and hold this number to compare with the same
month the following year.
April 2015 33 -17.5%
March 2015 36 -23.4%
February 2015 35 -22.2%
January 2015 37 -28.8%
December 2014 38 -19.1%
November 2014 36 -28.0%
October 2014 35 -12.5%
July 2015 2.8 -68.5%
September 2014 31 -31.1%
August 2014 35 -31.4%
Months SupplyPercent Change
Year-over-Year
August 2015 3.1 -66.5%
Month
June 2015 1.8 -80.9%
May 2015 4.5 -57.1%
Economists' note : This is an indicator of the state of the market,
whether it is a buyers' market or a sellers' market. The benchmark for
a balanced market (favoring neither buyer nor seller) is 5.5 Months of
Inventory. Higher numbers indicate a buyers' market, lower numbers
a sellers' market.
April 2015 5.7 -49.3%
March 2015 6.3 -46.7%
February 2015 6.6 -44.1%
January 2015 7.4 -40.7%
December 2014 8.0 -24.8%
November 2014 8.8 -13.3%
October 2014 8.9 9.8%
September 2014 7.9 -10.6%
August 2014 9.3 -5.4%
0
50
100
150
Inve
nto
ry
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
Monthly Market Detail - August 2015
2011 2012 2013 2014 2015
Bonita Springs-Estero Association of REALTORS® Manufactured Homes
Inventory (Active Listings) The number of property listings active at the end of the month
0.0
10.0
20.0
30.0
40.0
Mo
nth
s Su
pp
ly o
f In
ven
tory
2011 2012 2013 2014 2015
Months Supply of Inventory An estimate of the number of months it will take to deplete the current Inventory given recent sales rates
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
This report describes member activity for the association and is not confined to any specific geographic area.
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, September 21, 2015. Next data release is Thursday, October 22, 2015.
$600,000 - $999,999 (No Sales) N/A
$1,000,000 or more (No Sales) N/A
Economists' note: Median Days on Market is the amount of time the
"middle" property selling this month was on the market. That is, 50%
of homes selling this month took less time to sell, and 50% of homes
took more time to sell. We use the median rather than the average
because the median is not particularly sensitive to sales of homes that
took an unusually large amount of time to sell relative to the vast
majority of homes in the market.
$150,000 - $199,999 (No Sales) N/A
$200,000 - $249,999 (No Sales) N/A
$250,000 - $299,999
$400,000 - $599,999 (No Sales) N/A
(No Sales) N/A
$300,000 - $399,999 (No Sales) N/A
Economists' note : Closed Sales are one of the simplest—yet most
important—indicators for the residential real estate market. When
comparing Closed Sales across markets of different sizes, we
recommend using the year-over-year percent changes rather than the
absolute counts. Realtors® and their clients should also be wary of
month-to-month comparisons of Closed Sales because of potential
seasonal effects.
Sale PriceMedian Days on
Market
Percent Change
Year-over-Year
Less than $50,000 (No Sales) N/A
$1,000,000 or more 0 N/A
$250,000 - $299,999 0 N/A
$300,000 - $399,999 0 N/A
$50,000 - $99,999 103 -51.9%
$100,000 - $149,999
$400,000 - $599,999 0 N/A
$600,000 - $999,999 0 N/A
(No Sales) N/A
$150,000 - $199,999 0 N/A
$200,000 - $249,999 0 N/A
$100,000 - $149,999 0 -100.0%
Sale Price Closed SalesPercent Change
Year-over-Year
Less than $50,000 0 -100.0%
$50,000 - $99,999 1 -75.0%
0
50
100
150
200
250
Less than $50,000
$50,000 - $99,999
$100,000 - $149,999
$150,000 - $199,999
$200,000 - $249,999
$250,000 - $299,999
$300,000 - $399,999
$400,000 - $599,999
$600,000 - $999,999
$1,000,000 or more
Me
dia
n D
ays
on
Mar
ket
August 2014 August 2015
0
1
2
3
4
5
Less than $50,000
$50,000 - $99,999
$100,000 - $149,999
$150,000 - $199,999
$200,000 - $249,999
$250,000 - $299,999
$300,000 - $399,999
$400,000 - $599,999
$600,000 - $999,999
$1,000,000 or more
Clo
sed
Sal
es
August 2014 August 2015
0
50
100
150
200
250
0
1
2
3
4
5
Monthly Market Detail - August 2015
Bonita Springs-Estero Association of REALTORS® Manufactured Homes
Closed Sales by Sale Price The number of sales transactions which closed during the month
Median Days on Market by Sale Price The median number of days that properties sold during the month were on the market
This report describes member activity for the association and is not confined to any specific geographic area.
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, September 21, 2015. Next data release is Thursday, October 22, 2015.
$600,000 - $999,999 0 N/A
$1,000,000 or more 0 N/A
Economists' note: There are a number of ways to calculate Inventory,
so these numbers may not match up to others you see in your market.
We calculate Inventory by counting the number of active listings on the
last day of the month, and hold this number to compare with the same
month the following year.
$150,000 - $199,999 3 200.0%
$200,000 - $249,999 0 N/A
$250,000 - $299,999 0 -100.0%
$300,000 - $399,999 0 N/A
$400,000 - $599,999 0 N/A
$50,000 - $99,999 7 -56.3%
$100,000 - $149,999 7 -41.7%
Current Listing Price InventoryPercent Change
Year-over-Year
Less than $50,000 2 -50.0%
$600,000 - $999,999 0 N/A
$1,000,000 or more 0 N/A
Economists' note: In a recovering market, we expect that new listings
will eventually rise as sellers raise their estimations of value. But this
increase will take place only after the market has turned up, so New
Listings are a lagging indicator of the health of the market. Also be
aware of properties which have been withdrawn from the market and
then relisted. These are not really New Listings.
$150,000 - $199,999 0 -100.0%
$200,000 - $249,999 0 N/A
$250,000 - $299,999 0 N/A
$300,000 - $399,999 0 N/A
$400,000 - $599,999 0 N/A
$50,000 - $99,999 4 33.3%
$100,000 - $149,999 0 -100.0%
Initial Listing Price New ListingsPercent Change
Year-over-Year
Less than $50,000 1 0.0%
0 2 4 6 8
10 12 14 16 18
Less than $50,000
$50,000 - $99,999
$100,000 - $149,999
$150,000 - $199,999
$200,000 - $249,999
$250,000 - $299,999
$300,000 - $399,999
$400,000 - $599,999
$600,000 - $999,999
$1,000,000 or more
Inve
nto
ry
August 2014 August 2015
0
1
2
3
4
5
Less than $50,000
$50,000 - $99,999
$100,000 - $149,999
$150,000 - $199,999
$200,000 - $249,999
$250,000 - $299,999
$300,000 - $399,999
$400,000 - $599,999
$600,000 - $999,999
$1,000,000 or more
Ne
w L
isti
ngs
August 2014 August 2015
0 2 4 6 8 10 12 14 16 18
0
1
2
3
4
5
Monthly Market Detail - August 2015
Bonita Springs-Estero Association of REALTORS® Manufactured Homes
New Listings by Initial Listing Price The number of properties put onto the market during the month
Inventory by Current Listing Price The number of property listings active at the end of the month
This report describes member activity for the association and is not confined to any specific geographic area.
Closed Sales
Median Sale Price
Closed Sales
Median Sale Price
Closed Sales
Median Sale Price
A
M
J
J
A
S
O
N
D
J
F
M
A
M
J
J
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, September 21, 2015. Next data release is Thursday, October 22, 2015.
Short Sale
0 0 N/A
(No Sales) (No Sales) N/A
Foreclosure/REO
0 0 N/A
(No Sales) (No Sales) N/A
August 2015 August 2014Percent Change
Year-over-Year
Traditional
1 6 -83.3%
$67,400 $60,000 12.3%
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
$180,000
Me
dia
n S
ale
Pri
ce
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Clo
sed
Sal
es
Traditional Foreclosure/REO Short Sale
2011 2012 2013 2014 2015
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
Monthly Distressed Market - August 2015
Bonita Springs-Estero Association of REALTORS® Manufactured Homes
2011 2012 2013 2014 2015
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