Wyka Team: Bonita & Estero, FL Market Report - April of 2013

Page 1

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.


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