December 2009 Bonita Bay Market Statistics

There were 12 closed sales in Bonita Bay this December 2009 compared to 5 closed sales in 2008. That is an increase of 58% for December 2009 vs. December 2008. Total sales in 2009 were 92 units down over 2008 by an average of 34%. A total of 92 units have closed in 2009 compared to 139 units in 2008.

The average sales price in 2008 was $832,316 compared to $712,220 in 2009; a drop of 14.4%. The average sold price in 2009 was $712,220 to original list of $955,947 that’s 25.5% of the seller’s original asking price and 13.2% of the adjusted asking price of $821,345 when sold.

The average days on market in 2008 January through December was 222 compared to 257 in 2009for the same period.

As of this writing there are 194 homes for sale in Bonita Bay. The average list price is $1,042,722, 31.6% higher than the average YTD closed sale price in 2009 of $712,220.

Based on the current inventory of 194 homes for sale and comparing them to the 92 homes that have closed in 2009. That is an average of 7.6 closings per month in 2009. It will take approximately 25 ½ months to sell today’s existing inventory if conditions do not change.


NOTE: The source of this statistical analysis is the Sunshine MLS System. This is information believed to be accurate but not guaranteed!

*Average days on market is not often accurate due to the sellers and agents terminating or withdrawing a listing and relisting at the same or a lower price.

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