Friday, December 22, 2023 / by Madison Tracy
The Real Estate Market Overview
Bonita Bay is a sought-after residential location with fascinating real estate trends. The average home price here is a whopping $2,005,646, making it a high-end market. The houses for sale in Bonita Bay spend an average of 67 days on the market, slightly above the national average of 38 days.
Currently, there are 87 active homes for sale in this neighborhood. Over the last 12 months, 233 homes have sold, indicating a healthy and active market. The average household income in Bonita Bay, is $226K, which aligns with the high property prices in this area.
One might wonder about the safety of this neighborhood. Bonita Bay is safer than the average neighborhood in the United States. It boasts a low crime score of 1 out of 10, making it an ideal place for anyone seeking a secure living environment.
Home Trends in Bonita Bay
Looking at home trends, the average sale price for homes in Bonita Bay over the last 12 months has been $1,916,716. This is a significant 33% increase from the average home sale price over the previous 12 months. Real Estate Trends in Bonita Bay When we break down the prices further, the median price for homes in the last 12 months was $1,325,000. The median price for single-family homes stood at $1,770,500. For those interested in smaller units, the median price for 2-bedroom and 1-bedroom houses was $718,500 and $375,000 respectively.
The average price per square foot in Bonita Bay is $596, reflecting the premium nature of the properties here. As previously mentioned, there are 87 homes currently for sale. The months of supply, which measures the number of months it would take to sell the current inventory at the current sales pace, stands at 4.5 months.
The median list price for homes in Bonita Bay is $1,479,000. However, buyers can expect a median discount from the first list price of about 4%. The median home sale price has undergone a year-on-year change of 42%, indicating a booming market