Monthly Market Detail - April 2013 Single Family Homes Bonita Springs-Estero Association of REALTORS® This report describes member activity for the association and is not confined to any specific geographic area. April 2013
April 2012
Percent Change Year-over-Year
195
179
8.9%
Paid in Cash
105
113
-7.1%
New Pending Sales
257
154
66.9%
New Listings
214
188
13.8%
Median Sale Price
$349,000
$297,000
17.5%
Average Sale Price
$467,993
$461,825
1.3%
99
114
-13.2%
91.9%
90.1%
2.0%
466
(No Data)
N/A
Inventory (Active Listings)
1,120
1,372
-18.4%
Months Supply of Inventory
8.5
11.5
-25.8%
Closed Sales
Percent Change Year-over-Year
195 148 134 85 141 118 143 91 103 120 150 152 179
8.9% -0.7% -3.6% -26.1% 21.6% 35.6% 88.2% -20.2% 17.0% 41.2% -1.3% 10.9% 4.7%
Summary Statistics Closed Sales
Median Days on Market Average Percent of Original List Price Received Pending Inventory
Month
Closed Sales
April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 August 2012 July 2012 June 2012 May 2012 April 2012
The number of sales transactions which closed during the month 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.
Closed Sales
250
2009
2010
2011
2012
200 150 100 50 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
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 Wednesday, May 22, 2013. Next data release is Thursday, June 20, 2013.
Monthly Market Detail - April 2013 Single Family Homes Bonita Springs-Estero Association of REALTORS速 This report describes member activity for the association and is not confined to any specific geographic area. Month
Cash Sales The number of Closed Sales during the month in which buyers exclusively paid in cash 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.
120
2009
2010
April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 August 2012 July 2012 June 2012 May 2012 April 2012 2011
Cash Sales
Percent Change Year-over-Year
105 86 77 38 80 59 71 46 58 69 90 89 113
-7.1% -15.7% -10.5% -55.3% 25.0% 13.5% 57.8% -22.0% 5.5% 25.5% 2.3% 6.0% 2.7%
2012
Cash Sales
100 80 60 40 20 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
Cash Sales as a Percentage of Closed Sales The percentage of Closed Sales during the month which were Cash Sales
Pct. of Closed Sales Paid in Cash
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.
79%
2009
2010
Month April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 August 2012 July 2012 June 2012 May 2012 April 2012 2011
Percent of Closed Sales Paid in Cash
Percent Change Year-over-Year
53.8% 58.1% 57.5% 44.7% 56.7% 50.0% 49.7% 50.5% 56.3% 57.5% 60.0% 58.6% 63.1%
-14.7% -15.1% -7.1% -39.5% 2.8% -16.3% -16.1% -2.3% -9.9% -11.1% 3.6% -4.5% -1.9%
2012
69% 59% 49% 39% 29% 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
Produced by Florida REALTORS速 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 Wednesday, May 22, 2013. Next data release is Thursday, June 20, 2013.
Monthly Market Detail - April 2013 Single Family Homes Bonita Springs-Estero Association of REALTORS速 This report describes member activity for the association and is not confined to any specific geographic area. Month
New Pending Sales The number of property listings that went from "Active" to "Pending" status during the month Economists' 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. 2009
Pending Sales
300
2010
April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 August 2012 July 2012 June 2012 May 2012 April 2012 2011
New Pending Sales
Percent Change Year-over-Year
257 279 233 221 156 166 156 134 146 109 139 141 154
66.9% 48.4% 30.2% 39.9% 66.0% 48.2% 59.2% 39.6% 84.8% 23.9% 54.4% 5.2% -1.3%
2012
250 200 150 100 50 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
Month
New Listings The number of properties put onto the market during the month 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.
New Listings
400
2009
2010
April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 August 2012 July 2012 June 2012 May 2012 April 2012 2011
New Listings
Percent Change Year-over-Year
214 235 282 357 210 243 281 200 222 188 263 229 188
13.8% -12.0% 21.6% 11.2% -12.5% -20.1% 15.6% -18.7% 5.7% 3.9% 22.3% 22.5% -7.8%
2012
300 200 100 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
Produced by Florida REALTORS速 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 Wednesday, May 22, 2013. Next data release is Thursday, June 20, 2013.
Monthly Market Detail - April 2013 Single Family Homes Bonita Springs-Estero Association of REALTORSÂŽ This report describes member activity for the association and is not confined to any specific geographic area. Month
Median Sale Price The median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below)
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.
Median Sale Price
$400K
2009
2010
April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 August 2012 July 2012 June 2012 May 2012 April 2012 2011
Median Sale Price
Percent Change Year-over-Year
$349,000 $287,200 $270,000 $280,000 $275,000 $238,000 $244,500 $255,000 $220,000 $258,500 $243,750 $265,000 $297,000
17.5% 0.8% 22.7% 4.2% 4.8% 14.4% -9.4% 27.2% 28.7% 17.5% -22.6% -14.2% 10.2%
2012
$350K $300K $250K $200K $150K 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
Month
Average Sale Price The average sale price reported for the month (i.e. total sales in dollars divided by the number of sales)
Average Sale Price
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.
$510K
2009
2010
April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 August 2012 July 2012 June 2012 May 2012 April 2012 2011
Average Sale Price
Percent Change Year-over-Year
$467,993 $434,041 $449,971 $397,134 $402,551 $313,394 $339,867 $309,198 $294,293 $429,827 $364,111 $435,821 $461,825
1.3% -8.7% 33.6% 3.0% -4.8% -24.0% -28.2% -6.7% 29.0% 21.9% -12.0% 9.7% 8.4%
2012
$460K $410K $360K $310K $260K $210K 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
Produced by Florida REALTORSÂŽ 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 Wednesday, May 22, 2013. Next data release is Thursday, June 20, 2013.
Monthly Market Detail - April 2013 Single Family Homes Bonita Springs-Estero Association of REALTORS速 This report describes member activity for the association and is not confined to any specific geographic area. Month
Median Days on Market The median number of days that properties sold during the month were on the market 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.
Median Days on Market
150
2009
2010
April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 August 2012 July 2012 June 2012 May 2012 April 2012 2011
Median Days on Market
Percent Change Year-over-Year
99 115 95 107 104 111 117 106 96 109 111 123 114
-13.2% 3.6% -20.8% 0.9% 13.0% -19.6% -10.0% 0.0% -22.6% 2.8% 0.9% 2.5% -9.5%
2012
100 50 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
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
Avg. Pct. of Orig. List Price Received
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.
95%
2009
2010
Month April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 August 2012 July 2012 June 2012 May 2012 April 2012 2011
Avg. Pct. of Orig. List Price Received
Percent Change Year-over-Year
91.9% 92.4% 90.5% 92.3% 91.4% 92.6% 92.0% 90.8% 92.0% 90.4% 91.5% 90.9% 90.1%
2.0% 1.9% -0.3% 1.4% -1.2% 2.8% 2.0% -0.4% 3.3% 1.2% 3.7% 3.3% 3.7%
2012
90% 85% 80% 75% 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
Produced by Florida REALTORS速 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 Wednesday, May 22, 2013. Next data release is Thursday, June 20, 2013.
Monthly Market Detail - April 2013 Single Family Homes Bonita Springs-Estero Association of REALTORS速 This report describes member activity for the association and is not confined to any specific geographic area. Month
Inventory (Active Listings) The number of property listings active at the end of the month
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.
Inventory
2,500
2009
2010
April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 August 2012 July 2012 June 2012 May 2012 April 2012 2011
Inventory
Percent Change Year-over-Year
1,120 1,205 1,285 1,257 1,207 1,147 1,160 1,147 1,181 1,208 1,264 1,322 1,372
-18.4% -16.7% -13.0% -17.4% -20.0% -23.6% -17.5% -16.5% -12.1% -10.3% -9.7% -6.7% -10.0%
2012
2,000 1,500 1,000 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
Month
Months Supply of Inventory An estimate of the number of months it will take to deplete the current Inventory given recent sales rates
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.
Months Supply of Inventory
32.0
2009
2010
April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 August 2012 July 2012 June 2012 May 2012 April 2012 2011
Months Supply
Percent Change Year-over-Year
8.5 9.2 9.9 9.6 9.1 8.7 9.0 9.3 9.4 9.8 10.5 10.9 11.5
-25.8% -23.9% -21.4% -26.9% -31.2% -34.5% -28.3% -25.1% -23.6% -20.1% -18.0% -17.0% -20.2%
2012
27.0 22.0 17.0 12.0 7.0 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
Produced by Florida REALTORS速 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 Wednesday, May 22, 2013. Next data release is Thursday, June 20, 2013.
Monthly Market Detail - April 2013 Single Family Homes Bonita Springs-Estero Association of REALTORS® This report describes member activity for the association and is not confined to any specific geographic area. Closed Sales
Percent Change Year-over-Year
Less than $50,000
5
66.7%
$50,000 - $99,999
13
-18.8%
$100,000 - $149,999
20
5.3%
$150,000 - $199,999
17
13.3%
$200,000 - $249,999
10
-44.4%
$250,000 - $299,999
18
-14.3%
$300,000 - $399,999
27
17.4%
$400,000 - $599,999
41
70.8%
$600,000 - $999,999
29
26.1%
$1,000,000 or more
15
-11.8%
Sale Price
Closed Sales by Sale Price
The number of sales transactions which closed during the month 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.
45 40 35 30 25 20 15 10 5 0
Closed Sales
45 40 35 30 25 20 15 10 5 0 Less than $50,000
$50,000 $99,999
$100,000 $149,999
$150,000 $199,999
$200,000 $249,999
$250,000 $299,999
$400,000 $599,999
The median number of days that properties sold during the month were on the market 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.
$600,000 - $1,000,000 or $999,999 more Median Days on Market
Percent Change Year-over-Year
Less than $50,000
39
62.5%
$50,000 - $99,999
63
-34.4%
$100,000 - $149,999
90
-18.9%
$150,000 - $199,999
78
-20.4%
$200,000 - $249,999
184
89.7%
$250,000 - $299,999
116
27.5%
$300,000 - $399,999
101
20.2%
$400,000 - $599,999
114
-19.7%
$600,000 - $999,999
96
-26.7%
$1,000,000 or more
182
-0.5%
Sale Price
Median Days on Market by Sale Price
Median Days on Market
$300,000 $399,999
200
200
150
150
100
100
50
50
0
0 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 - $1,000,000 or $999,999 more
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 Wednesday, May 22, 2013. Next data release is Thursday, June 20, 2013.
Monthly Market Detail - April 2013 Single Family Homes Bonita Springs-Estero Association of REALTORS速 This report describes member activity for the association and is not confined to any specific geographic area.
New Listings by Initial Listing Price
The number of properties put onto the market during the month
New Listings
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.
New Listings
Percent Change Year-over-Year
Less than $50,000
6
100.0%
$50,000 - $99,999
13
-18.8%
$100,000 - $149,999
18
50.0%
$150,000 - $199,999
12
-52.0%
$200,000 - $249,999
17
-19.0%
$250,000 - $299,999
31
24.0%
$300,000 - $399,999
28
27.3%
$400,000 - $599,999
39
30.0%
$600,000 - $999,999
30
57.9%
$1,000,000 or more
20
33.3%
45 40 35 30 25 20 15 10 5 0
45 40 35 30 25 20 15 10 5 0 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
The number of property listings active at the end of the month
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.
$600,000 - $1,000,000 or $999,999 more
Inventory
Percent Change Year-over-Year
Less than $50,000
11
22.2%
$50,000 - $99,999
32
-61.4%
$100,000 - $149,999
36
-62.9%
$150,000 - $199,999
44
-64.2%
$200,000 - $249,999
65
-43.0%
$250,000 - $299,999
107
-17.7%
$300,000 - $399,999
162
-12.9%
$400,000 - $599,999
233
1.3%
$600,000 - $999,999
223
10.4%
$1,000,000 or more
207
4.5%
Current Listing Price
Inventory by Current Listing Price
Inventory
Initial Listing Price
250
250
200
200
150
150
100
100
50
50
0
0 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 - $1,000,000 or $999,999 more
Produced by Florida REALTORS速 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 Wednesday, May 22, 2013. Next data release is Thursday, June 20, 2013.
Monthly Market Detail - April 2013 Single Family Homes Bonita Springs-Estero Association of REALTORS速 This report describes member activity for the association and is not confined to any specific geographic area.
Closed Sales
April 2013
April 2012
Percent Change Year-over-Year
165
144
14.6%
$420,000
$349,000
20.3%
18
18
0.0%
$131,250
$107,000
22.7%
12
17
-29.4%
$89,250
$235,000
-62.0%
Traditional Median Sale Price Closed Sales Foreclosure/REO Median Sale Price Closed Sales Short Sale Median Sale Price
2009
2010
Traditional
2011
Foreclosure/REO
2012
Short Sale
100% 90%
Closed Sales
80% 70% 60% 50% 40% 30% 20% 10% 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 $500,000 $450,000
Median Sale Price
$400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $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
2009
2010
2011
2012
Produced by Florida REALTORS速 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 Wednesday, May 22, 2013. Next data release is Thursday, June 20, 2013.
Monthly Market Detail - April 2013 Townhouses and Condos Bonita Springs-Estero Association of REALTORS® This report describes member activity for the association and is not confined to any specific geographic area. April 2013
April 2012
Percent Change Year-over-Year
211
200
5.5%
Paid in Cash
165
149
10.7%
New Pending Sales
229
172
33.1%
New Listings
220
261
-15.7%
Median Sale Price
$217,000
$170,000
27.6%
Average Sale Price
$288,546
$220,199
31.0%
105
121
-13.2%
91.8%
88.8%
3.4%
364
(No Data)
N/A
Inventory (Active Listings)
1,091
1,415
-22.9%
Months Supply of Inventory
8.5
11.5
-25.8%
Closed Sales
Percent Change Year-over-Year
211 165 117 101 123 118 100 74 104 100 140 180 200
5.5% -11.8% -16.4% -12.2% 7.9% 29.7% 42.9% -14.0% 28.4% -10.7% 14.8% 14.6% 5.3%
Summary Statistics Closed Sales
Median Days on Market Average Percent of Original List Price Received Pending Inventory
Month
Closed Sales
April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 August 2012 July 2012 June 2012 May 2012 April 2012
The number of sales transactions which closed during the month 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.
Closed Sales
250
2009
2010
2011
2012
200 150 100 50 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
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 Wednesday, May 22, 2013. Next data release is Thursday, June 20, 2013.
Monthly Market Detail - April 2013 Townhouses and Condos Bonita Springs-Estero Association of REALTORS速 This report describes member activity for the association and is not confined to any specific geographic area. Month
Cash Sales The number of Closed Sales during the month in which buyers exclusively paid in cash 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.
Cash Sales
200
2009
2010
April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 August 2012 July 2012 June 2012 May 2012 April 2012 2011
Cash Sales
Percent Change Year-over-Year
165 135 87 74 96 87 76 55 73 80 105 141 149
10.7% -9.4% -27.5% -26.0% 9.1% 16.0% 33.3% -12.7% 14.1% 1.3% 7.1% 9.3% -0.7%
2012
150 100 50 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
Cash Sales as a Percentage of Closed Sales The percentage of Closed Sales during the month which were Cash Sales
Pct. of Closed Sales Paid in Cash
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.
92%
2009
2010
Month April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 August 2012 July 2012 June 2012 May 2012 April 2012 2011
Percent of Closed Sales Paid in Cash
Percent Change Year-over-Year
78.2% 81.8% 74.4% 73.3% 78.0% 73.7% 76.0% 74.3% 70.2% 80.0% 75.0% 78.3% 74.5%
5.0% 2.7% -13.2% -15.7% 1.1% -10.5% -6.7% 1.5% -11.2% 13.4% -6.6% -4.7% -5.6%
2012
82% 72% 62% 52% 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
Produced by Florida REALTORS速 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 Wednesday, May 22, 2013. Next data release is Thursday, June 20, 2013.
Monthly Market Detail - April 2013 Townhouses and Condos Bonita Springs-Estero Association of REALTORS速 This report describes member activity for the association and is not confined to any specific geographic area. Month
New Pending Sales The number of property listings that went from "Active" to "Pending" status during the month Economists' 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. 2009
Pending Sales
300
2010
April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 August 2012 July 2012 June 2012 May 2012 April 2012 2011
New Pending Sales
Percent Change Year-over-Year
229 285 231 196 117 160 143 94 75 81 115 150 172
33.1% 39.7% 11.1% 24.8% 2.6% 52.4% 49.0% 28.8% -11.8% -2.4% 19.8% 26.1% 2.4%
2012
250 200 150 100 50 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
Month
New Listings The number of properties put onto the market during the month 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.
New Listings
400
2009
2010
April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 August 2012 July 2012 June 2012 May 2012 April 2012 2011
New Listings
Percent Change Year-over-Year
220 230 251 298 174 213 277 167 162 174 174 203 261
-15.7% -8.7% 2.4% 9.2% -17.9% -24.2% 2.2% -33.5% -17.8% -11.2% -8.9% -7.3% -2.6%
2012
300 200 100 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
Produced by Florida REALTORS速 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 Wednesday, May 22, 2013. Next data release is Thursday, June 20, 2013.
Monthly Market Detail - April 2013 Townhouses and Condos Bonita Springs-Estero Association of REALTORSÂŽ This report describes member activity for the association and is not confined to any specific geographic area. Month
Median Sale Price The median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below)
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.
Median Sale Price
$230K
2009
2010
April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 August 2012 July 2012 June 2012 May 2012 April 2012 2011
Median Sale Price
Percent Change Year-over-Year
$217,000 $197,500 $180,000 $173,000 $199,900 $207,500 $172,000 $147,450 $172,500 $176,500 $195,000 $184,450 $170,000
27.6% -3.7% 0.0% 3.9% 18.8% 30.7% 22.9% -7.0% 1.5% 4.1% -2.5% -5.4% -12.6%
2012
$210K $190K $170K $150K $130K 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
Month
Average Sale Price The average sale price reported for the month (i.e. total sales in dollars divided by the number of sales)
Average Sale Price
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.
$300K
2009
2010
April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 August 2012 July 2012 June 2012 May 2012 April 2012 2011
Average Sale Price
Percent Change Year-over-Year
$288,546 $261,675 $243,471 $242,246 $261,756 $287,918 $222,850 $227,703 $214,167 $230,785 $264,296 $243,791 $220,199
31.0% 6.7% -7.6% 11.2% 19.3% 39.6% 24.2% -0.1% 7.2% 2.0% 12.1% -2.6% -14.8%
2012
$250K $200K $150K 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
Produced by Florida REALTORSÂŽ 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 Wednesday, May 22, 2013. Next data release is Thursday, June 20, 2013.
Monthly Market Detail - April 2013 Townhouses and Condos Bonita Springs-Estero Association of REALTORS速 This report describes member activity for the association and is not confined to any specific geographic area. Month
Median Days on Market The median number of days that properties sold during the month were on the market 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.
Median Days on Market
200
2009
2010
April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 August 2012 July 2012 June 2012 May 2012 April 2012 2011
Median Days on Market
Percent Change Year-over-Year
105 103 110 107 106 127 120 111 131 113 115 104 121
-13.2% -19.5% -12.0% -8.5% 1.9% 13.4% 9.1% -17.8% 18.0% -23.6% -5.7% -8.0% 3.4%
2012
150 100 50 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
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
Avg. Pct. of Orig. List Price Received
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.
95%
2009
2010
Month April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 August 2012 July 2012 June 2012 May 2012 April 2012 2011
Avg. Pct. of Orig. List Price Received
Percent Change Year-over-Year
91.8% 91.6% 92.0% 89.7% 89.3% 91.3% 89.0% 89.5% 88.6% 89.8% 91.6% 90.7% 88.8%
3.4% 2.8% 2.3% 1.5% 1.0% 1.6% 0.6% -0.3% -2.5% 4.7% 2.3% 1.2% 0.8%
2012
90% 85% 80% 75% 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
Produced by Florida REALTORS速 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 Wednesday, May 22, 2013. Next data release is Thursday, June 20, 2013.
Monthly Market Detail - April 2013 Townhouses and Condos Bonita Springs-Estero Association of REALTORS速 This report describes member activity for the association and is not confined to any specific geographic area. Month
Inventory (Active Listings) The number of property listings active at the end of the month
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.
Inventory
2,400
2009
2010
April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 August 2012 July 2012 June 2012 May 2012 April 2012 2011
Inventory
Percent Change Year-over-Year
1,091 1,140 1,239 1,253 1,260 1,220 1,259 1,216 1,218 1,210 1,241 1,329 1,415
-22.9% -21.4% -18.1% -20.1% -22.7% -26.4% -20.1% -20.2% -17.1% -20.8% -21.3% -18.6% -16.6%
2012
1,900 1,400 900 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
Month
Months Supply of Inventory An estimate of the number of months it will take to deplete the current Inventory given recent sales rates
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.
Months Supply of Inventory
47.0
2009
2010
April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 August 2012 July 2012 June 2012 May 2012 April 2012 2011
Months Supply
Percent Change Year-over-Year
8.5 9.0 9.6 9.6 9.6 9.3 9.8 9.6 9.6 9.7 9.8 10.6 11.5
-25.8% -24.3% -22.4% -25.8% -29.3% -32.0% -26.5% -26.2% -24.5% -27.4% -30.1% -27.6% -27.0%
2012
37.0 27.0 17.0 7.0 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
Produced by Florida REALTORS速 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 Wednesday, May 22, 2013. Next data release is Thursday, June 20, 2013.
Monthly Market Detail - April 2013 Townhouses and Condos Bonita Springs-Estero Association of REALTORS® This report describes member activity for the association and is not confined to any specific geographic area. Closed Sales
Percent Change Year-over-Year
Less than $50,000
1
-66.7%
$50,000 - $99,999
13
-48.0%
$100,000 - $149,999
38
-22.4%
$150,000 - $199,999
40
-4.8%
$200,000 - $249,999
37
37.0%
$250,000 - $299,999
21
16.7%
$300,000 - $399,999
24
60.0%
$400,000 - $599,999
19
72.7%
$600,000 - $999,999
14
40.0%
$1,000,000 or more
4
N/A
Sale Price
Closed Sales by Sale Price
The number of sales transactions which closed during the month 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.
45 40 35 30 25 20 15 10 5 0
Closed Sales
45 40 35 30 25 20 15 10 5 0 Less than $50,000
$50,000 $99,999
$100,000 $149,999
$150,000 $199,999
$200,000 $249,999
$250,000 $299,999
$400,000 $599,999
The median number of days that properties sold during the month were on the market 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.
$600,000 - $1,000,000 or $999,999 more Median Days on Market
Percent Change Year-over-Year
Less than $50,000
27
-77.7%
$50,000 - $99,999
82
-9.9%
$100,000 - $149,999
97
-4.0%
$150,000 - $199,999
117
-15.8%
$200,000 - $249,999
92
-40.6%
$250,000 - $299,999
104
-4.6%
$300,000 - $399,999
153
1.3%
$400,000 - $599,999
72
-33.3%
$600,000 - $999,999
101
-51.4%
$1,000,000 or more
176
N/A
Sale Price
Median Days on Market by Sale Price
Median Days on Market
$300,000 $399,999
200
200
150
150
100
100
50
50
0
0 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 - $1,000,000 or $999,999 more
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 Wednesday, May 22, 2013. Next data release is Thursday, June 20, 2013.
Monthly Market Detail - April 2013 Townhouses and Condos Bonita Springs-Estero Association of REALTORS速 This report describes member activity for the association and is not confined to any specific geographic area.
New Listings by Initial Listing Price
The number of properties put onto the market during the month
New Listings
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.
Initial Listing Price
New Listings
Percent Change Year-over-Year
Less than $50,000
4
-20.0%
$50,000 - $99,999
15
-40.0%
$100,000 - $149,999
19
-56.8%
$150,000 - $199,999
50
0.0%
$200,000 - $249,999
34
-12.8%
$250,000 - $299,999
26
-23.5%
$300,000 - $399,999
29
61.1%
$400,000 - $599,999
32
45.5%
$600,000 - $999,999
6
-64.7%
$1,000,000 or more
5
-28.6%
60
60
50
50
40
40
30
30
20
20
10
10
0
0 Less than $50,000
$50,000 $99,999
$100,000 $149,999
$150,000 $199,999
$200,000 $249,999
$250,000 $299,999
$400,000 $599,999
The number of property listings active at the end of the month
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.
$600,000 - $1,000,000 or $999,999 more
Inventory
Percent Change Year-over-Year
Less than $50,000
14
-39.1%
$50,000 - $99,999
53
-40.4%
$100,000 - $149,999
123
-40.6%
$150,000 - $199,999
213
-15.1%
$200,000 - $249,999
173
-20.3%
$250,000 - $299,999
109
-35.5%
$300,000 - $399,999
136
-14.5%
$400,000 - $599,999
165
9.3%
$600,000 - $999,999
77
-30.0%
$1,000,000 or more
28
-28.2%
Current Listing Price
Inventory by Current Listing Price
Inventory
$300,000 $399,999
250
250
200
200
150
150
100
100
50
50
0
0 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 - $1,000,000 or $999,999 more
Produced by Florida REALTORS速 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 Wednesday, May 22, 2013. Next data release is Thursday, June 20, 2013.
Monthly Market Detail - April 2013 Townhouses and Condos Bonita Springs-Estero Association of REALTORS速 This report describes member activity for the association and is not confined to any specific geographic area.
Closed Sales
April 2013
April 2012
Percent Change Year-over-Year
195
180
8.3%
$220,000
$175,000
25.7%
8
10
-20.0%
$154,950
$109,000
42.2%
8
10
-20.0%
$137,500
$96,250
42.9%
Traditional Median Sale Price Closed Sales Foreclosure/REO Median Sale Price Closed Sales Short Sale Median Sale Price
2009
2010
Traditional
2011
Foreclosure/REO
2012
Short Sale
100% 90%
Closed Sales
80% 70% 60% 50% 40% 30% 20% 10% 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 $300,000
Median Sale Price
$250,000
$200,000
$150,000
$100,000
$50,000
$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
2009
2010
2011
2012
Produced by Florida REALTORS速 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 Wednesday, May 22, 2013. Next data release is Thursday, June 20, 2013.
Monthly Market Summary - April 2013 Single Family Homes Lee County April 2013
April 2012
Percent Change Year-over-Year
1,172
1,156
1.4%
650
704
-7.7%
New Pending Sales
1,485
1,329
11.7%
New Listings
1,540
1,596
-3.5%
Median Sale Price
$182,000
$140,199
29.8%
Average Sale Price
$292,201
$237,281
23.1%
59
59
0.0%
Avg. Percent of Original List Price Received
93.7%
93.2%
0.5%
Pending Inventory
2,746
(No Data)
N/A
Inventory (Active Listings)
5,476
5,769
-5.1%
Months Supply of Inventory
5.7
5.6
2.7%
Closed Sales Cash Sales
Median Days on Market
1,900
2009
2010
2011
2012
Closed Sales
1,700 1,500 1,300 1,100 900 700 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
Median Sale Price
$190K $170K $150K $130K $110K $90K $70K 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
Total Inventory
11,000 10,000 9,000 8,000 7,000 6,000 5,000 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
2009
2010
2011
2012
Produced by Florida REALTORS速 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 Wednesday, May 22, 2013. Next data release is Thursday, June 20, 2013.
Monthly Distressed Market Summary - April 2013 Single Family Homes Lee County
Closed Sales
April 2013
April 2012
Percent Change Year-over-Year
921
764
20.5%
$218,000
$170,000
28.2%
141
196
-28.1%
$95,000
$83,100
14.3%
110
196
-43.9%
$97,000
$90,400
7.3%
Traditional Median Sale Price Closed Sales Foreclosure/REO Median Sale Price Closed Sales Short Sale Median Sale Price
2009
2010
Traditional
2011
Foreclosure/REO
2012
Short Sale
100% 90%
Closed Sales
80% 70% 60% 50% 40% 30% 20% 10% 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 $250K
Median Sale Price
$200K
$150K
$100K
$50K
$0K 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
2009
2010
2011
2012
Produced by Florida REALTORS速 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 Wednesday, May 22, 2013. Next data release is Thursday, June 20, 2013.
Monthly Market Summary - April 2013 Townhouses and Condos Lee County April 2013
April 2012
Percent Change Year-over-Year
Closed Sales
765
685
11.7%
Cash Sales
591
531
11.3%
New Pending Sales
795
630
26.2%
New Listings
842
887
-5.1%
Median Sale Price
$150,000
$140,000
7.1%
Average Sale Price
$208,505
$194,636
7.1%
68
83
-18.1%
Avg. Percent of Original List Price Received
92.1%
90.2%
2.1%
Pending Inventory
1,257
(No Data)
N/A
Inventory (Active Listings)
3,601
3,751
-4.0%
Months Supply of Inventory
7.5
8.1
-7.9%
Median Days on Market
800
2009
2010
2011
2012
Closed Sales
700 600 500 400 300 200 100 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
Median Sale Price
$160K $150K $140K $130K $120K $110K $100K $90K $80K 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
Total Inventory
6,000 5,500 5,000 4,500 4,000 3,500 3,000 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
2009
2010
2011
2012
Produced by Florida REALTORS速 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 Wednesday, May 22, 2013. Next data release is Thursday, June 20, 2013.
Monthly Distressed Market Summary - April 2013 Townhouses and Condos Lee County
Closed Sales
April 2013
April 2012
Percent Change Year-over-Year
692
558
24.0%
$152,750
$155,000
-1.5%
42
75
-44.0%
$112,500
$82,550
36.3%
31
52
-40.4%
$120,000
$84,250
42.4%
Traditional Median Sale Price Closed Sales Foreclosure/REO Median Sale Price Closed Sales Short Sale Median Sale Price
2009
2010
Traditional
2011
Foreclosure/REO
2012
Short Sale
100% 90%
Closed Sales
80% 70% 60% 50% 40% 30% 20% 10% 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 $180K $160K
Median Sale Price
$140K $120K $100K $80K $60K $40K $20K $0K 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
2009
2010
2011
2012
Produced by Florida REALTORS速 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 Wednesday, May 22, 2013. Next data release is Thursday, June 20, 2013.