Real Estate Market Conditions in Bonita Bay
The graphs below show the current market conditions for March 2012 in Bonita Bay Golf and Country Club in Bonita Springs, Florida. Real estate is local and while this market report is specific to Bonita Bay, there are sub-communities within the gates of this fine community with fluctuating inventory levels. Contact a real estate agent to find out what the absorption rate is for the community you have a specific interest in.
Update: 6 additional properties were recorded as closed sale some time after this report was prepared bringing the total unit of real estate sold in Bonita Bay to 32. None were Foreclosure.
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All information is deem accurate, not guaranteed and subject to change. Check the date on this report for freshness. If you have questions regarding your particular neighborhood, your street or your home specifically you’re welcome to contact us for a current market report. Real estate consumers that read this website are urged to seek independent, professional legal, real estate and financial advice before engaging in any transaction. All information is deemed, accurate, subject to change and not guaranteed.
Tags: bonita bay, Bonita Bay Condos, Bonita Bay Homes, Bonita Bay Market Condition, Bonita Bay Market Report, Bonita Bay Real Estate, Bonita Bay Real Estate market report, Condos in Bonita Bay, Homes in Bonita Bay
Wine and Beer Tasting – Wine Pairing
The Rotary Club of Bonita Springs Noon invites you to stroll the open-air sidewalks of The Promenade in Bonita Spring as you sample fine wines and beers from around the world with food paired to complement.
The galleries of the Promenade will be open so you can take in original works of art or simply sit and savor your selections as you enjoy a live jazz trio featuring Debbie Orta on vocals, Stu Shelton on keyboards and Bill Peterson on drums.
There is no cost to attend the event. Wine, beer and food will be available at approximately 2 – 5 tickets per tasting. Tickets are $1.00 each. Net proceeds will benefit Bonita Springs Assistance Office, Center for the Arts of Bonita Springs and The Wheelchair Foundation.
What: International Fest of Bonita Springs
When: Friday April 13, 2012 5:00 – 9:00 p.m.
Click map above for directions to the event. For More Info: www.InternationalFestBonita.com
Tags: Bonita Springs, florida, International Fest, promenade, Things To Do, Wine Tasting
Wine and Beer Tasting – Wine Pairing
The Rotary Club of Bonita Springs Noon invites you to stroll the open-air sidewalks of The Promenade in Bonita Spring as you sample fine wines and beers from around the world with food paired to complement.
The galleries of the Promenade will be open so you can take in original works of art or simply sit and savor your selections as you enjoy a live jazz trio featuring Debbie Orta on vocals, Stu Shelton on keyboards and Bill Peterson on drums.
There is no cost to attend the event. Wine, beer and food will be available at approximately 2 – 5 tickets per tasting. Tickets are $1.00 each. Net proceeds will benefit Bonita Springs Assistance Office, Center for the Arts of Bonita Springs and The Wheelchair Foundation.
What: International Fest of Bonita Springs
When: Friday April 13, 2012 5:00 – 9:00 p.m.
Click map above for directions to the event. For More Info: www.InternationalFestBonita.com
Tags: Bonita Springs, florida, International Fest, promenade, Things To Do, Wine Tasting
Sales History of Bonita Springs Homes
Busy, this winter tourist and real estate season has been another brisk March sales month. We’ve seen quite a bit of unit sales ongoing for several months and as a result real estate inventory has started leveling off. The entry level pricing to get into the Bonita Springs real estate market has slowly been rising. Neighborhoods with excessive inventory have stabilized and many are experiencing balanced inventories.
The Estero and Bonita Springs real estate inventory has a whole is at about one year at this time. Of course real estate is local and price driven. Many of the entry level priced areas are experiencing shortages or low inventory. While high rise condominiums have more choices due to higher inventory levels. High rise inventory in Bonita Bay, The Colony and West Bay Club account for over one half of the available active listings. The balance of active listings would be Bonita Beach Condos.
| Single Family Homes and Villas | 12.14 Months of Inventory |
| Low Rise Condominiums | 11.4 Months of Inventory |
| Mid Rise Condominiums | 11.9 Months of Inventory |
| High Rise Condominiums | 21 Months of Inventory |
| Attached Villa Homes | 9 Months of Inventory |
| Manufactured Homes | 12 Months of Inventory |
Other areas with larger inventories include a few of the bundled golf communities generally due to the fixed fee structure for mandatory golf memberships and the upkeep of amenities of the community.
For other March 2012 real estate market reports, read also:
Bonita Springs Florida Real Estate | What Price Range is Selling March 2012
Bonita Springs Florida Real Estate | Condition of the Sale March 2012
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All information is deem accurate, not guaranteed and subject to change. Check the date on this report for freshness. If you have questions regarding your particular neighborhood, your street or your home specifically you’re welcome to contact us for a current market report. Real estate consumers that read this website are urged to seek independent, professional legal, real estate and financial advice before engaging in any transaction. All information is deemed, accurate, subject to change and not guaranteed.
Tags: Bonita Springs condos, Bonita Springs foreclosure, Bonita Springs Home Sales, bonita springs homes, Bonita Springs Real Estate, Bonita Springs Real Estate Market Report, Bonita Springs Sales History, bonita springs short sale, Equity Sale, Historical Sales, March 2012, Market Report, Market Reports, real estate market report
Negotiating the X Factor in Real Estate
The last ditch grasp … as long as they pay closing cost. It never fails, sooner or later there is a negotiation for real estate volleying back and forth and one party will agree with the condition of “as long as they pay closing costs.”
The average consumer usually doesn’t fully understand what the closing costs actually are and how it is or is not going to affect their bottom line. They just know that closing costs are going to cost them money and they don’t want to pay any more money than they have to.
Why a consumer would be going into a purchase or a sale without knowing what their bottom line and closing expenses will be is a mystery. The real estate agents involved have hopefully closed a transaction or two and should be familiar enough to create some sort of an expense or a seller’s net sheet. If that doesn’t happen or the agent can’t or didn’t do it, the selected title agent can even mock up a draft settlement statement which would probably be within a fist full of dollars of the actual bottom line after the final prorations are calculated.
Not knowing those costs is the X factor that I’ve seen more than a few buyers and sellers try to negotiate away over this last fantabulous real estate selling season. From the perspective of being on both sides of the “X” equation at one time or another I can share that everyone thinks of closing costs differently.
There have been buyers who have finally agreed to a final price negotiation with the stipulation that the seller pays closing costs. Now, the contract indicates that the seller was paying for the owner’s title policy and the documentary stamps on deed, what’s left after those two larger fees are a few minor recording fees, title settlement fee and prorated taxes and HOA dues, if applicable. All of which are relatively minor expenses. It’s almost as though they didn’t know what costs or the value of those costs that they were attempting to negotiate away. If someone had asked the buyers to place a dollar figure on the actual cash amount that that negotiation tactic would have benefited them, they probably would have not been able to answer.
There have been circumstances when sellers have also tried to negotiate the same position and demand that the buyers pay all closing cost. It’s like this game of tag … you’re it, you pay the fees. What if the fee isn’t that large? Does the seller realize they are playing chicken with a buyer over a few hundred bucks in closing costs when the monthly holding costs for the property shadow that figure. What’s the point if it fractures the negotiation? If they stick to their guns they could potentially cost the deal and waste hundreds, if not thousands of dollars in carrying costs while essentially fighting over pennies in the grand scheme of things.
Being aware of what the customary closing expenses are going to be before you start negotiating is important. Besides knowing your own bottom line you really need to know if there is any leverage or disadvantage in who is or isn’t paying for specific closing costs should the other party throw the X factor into the mix.
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Real Life in Bonita Springs is a project by Chris Griffith dedicated to writing useful blog posts for consumers about the Bonita Springs, Florida area. Find out what it is really like to live in Bonita Springs, Florida by reading about our fair city. You’ll get the latest in local real estate information, Bonita Springs real estate market reports and a little bit of humor. If you have topic ideas, feel free to request a story about the idea, after all, this site is just for you.
You can subscribe to a weekly email newsletter by visiting www.LifeInBonitaSprings.com and entering your email in the subscription area on the center pane of the web page or by adding us to your reader by subscribing to this blog. Oh, and if you’re reading this content anywhere else but www.LifeInBonitaSprings.com or Naples Daily News it is probably stolen.
Tags: Buyers Fees, closing cost, Documentary Stamps, Negotiating, Negotiating Closing Costs, Real Estate Negotiation, Sellers Fees, title insurance
What Price Point of Homes in Bonita Springs is Selling?
And the reason why the “entry level” price point of real estate in Bonita Springs is rising is because for quite some time the largest sales sectors have been the $200K and under sector followed by the $200-400 price point. We’ve finally started seeing the higher price points and luxury real estate sales picking up, also.
Why do you need to know what price point is selling? If you’re a buyer you may need to take immediate action if you find a dream home in the $400,000 and under price. There may be little time to waste because you won’t be the only person shopping for real estate or the only offer. There is a very real possibility that you won’t be the only offer placed on the property, also. That offer that you are placing may be close if not over the list price in some Bonita Springs and Estero Florida neighborhoods.
To read other March 2012 real estate market reports, read also:
Historical Bonita Springs Real Estate Sales | March 2003-2012
Bonita Springs Florida Real Estate | Condition of the Sale March 2012
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All information is deem accurate, not guaranteed and subject to change. Check the date on this report for freshness. If you have questions regarding your particular neighborhood, your street or your home specifically you’re welcome to contact us for a current market report. Real estate consumers that read this website are urged to seek independent, professional legal, real estate and financial advice before engaging in any transaction. All information is deemed, accurate, subject to change and not guaranteed.
Tags: Bonita Springs foreclosure, bonita springs price range, Bonita Springs Real Estate, Bonita Springs Real Estate Market Report, bonita springs short sale, Equity Sale, March 2012, Market Report, Market Reports, Price Point, Price Range, real estate market report
Bonita Springs Home Sales Foreclosures vs. Short Sales
Foreclosures in Bonita Springs are significantly down for the first time in many moons. Locally, when a foreclosure hits the real estate market it sells quickly and usually experiences a multiple offer situation. It is not uncommon for parties interested in purchasing a foreclosure to be requested to offer “their highest and best offer” by a specific time.
Consumers have been conditioned to look for a foreclosure to get the best possible deal. We’ve now been experiencing more equity sales, which are often in better condition, fewer foreclosures and fewer short sales in the market place. Buyers, don’t forget to look at all that is available on the market or you could miss the best opportunities. Not all good deals are distressed real estate in Bonita Springs.
To read more March 2012 real estate market reports, read also:
Historical Bonita Springs Real Estate Sales | March 2003-2012
Bonita Springs Florida Real Estate | What Price Range is Selling March 2012
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All information is deem accurate, not guaranteed and subject to change. Check the date on this report for freshness. If you have questions regarding your particular neighborhood, your street or your home specifically you’re welcome to contact us for a current market report. Real estate consumers that read this website are urged to seek independent, professional legal, real estate and financial advice before engaging in any transaction. All information is deemed, accurate, subject to change and not guaranteed.
Tags: Bonita Springs condos, Bonita Springs foreclosure, bonita springs homes, Bonita Springs Real Estate, Bonita Springs Real Estate Market Report, bonita springs short sale, Equity Sale, estero condos, Estero Foreclosure, estero homes, Estero Short Sale, March 2012, Market Report, Market Reports, real estate market report
Coach Homes in Waterford at Bonita Bay
Just inside of the North gate of Bonita Bay is the community of Waterford at Bonita Bay. It’s located at the intersection of Country Club Drive and Woodlake Circle and Wild Rose Court. Waterford at Bonita Bay consists of twenty buildings and a total of one-hundred and fourteen carriage home units. The complex was built out from 1990-1997 so there is only resale real estate available.
Condominium homes at Waterford are either ground floor or on the second floor. There are two, ranch style attached villas in the cul-de-sac.
The square footage from about 1,954 to 2,719 square feet of living space. The views from the lanais of Waterford residences include both lake and golf course. For those who really enjoy seeing sweeping green fairways Waterford offers the most golf course views of most complexes in the area.
The community of Waterford at Bonita Bay consists of three streets; Wild Rose Court, Devonshire Court and Glen Cairn Court. The streets are cul-de-sac with low traffic. Waterford offers two community swimming pools with spas set aside for use by Waterford at Bonita Bay residents, only.
Condominium home owners in Waterford not only enjoy the resort lifestyle of southwest Florida but also the great amenities of Bonita Bay.
Access to marina membership, golf course membership, fitness center, tennis center and more are available separately.
To learn about the amenities, read also: Bonita Bay Golf and Country Club.
Communities that are similar to Waterford include Hammock Isle, Whiskey Pointe at Bonita Bay and Sandpiper at Bonita Bay.
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Tags: Bonita Bay Condos, Bonita Bay Real Estate, Bonita Bay Waterford, Condos in Bonita Bay, Real Estate Bonita Bay, Waterford, Waterford at Bonita Bay, Waterford Bonita Bay
Homes in Riviera Bonita Bay
Riviera at Bonita Bay is located near the north gate of Bonita Bay just off of Country Club Drive. Riviera at Bonita Bay consists of only one cul-de-sac street, Riviera Lakes Court. The street is hand laid, herring bone, brick paver.
There are a total of thirty five single family villa homes in Riviera. Every home in Riviera has it’s own private swimming pool. From the lanais of the homes, owners enjoy golf course views or a preserve buffer area views.
Homes in Riviera were built between 1990-1995 build dates. Square footages range from 1,980 to about 2,998 of living area. Riviera is currently built out and there is only resale real estate available.
Riviera is located across the street from a master planned, paved walking path which circles a lake and connects to the Bonita Baywalking path system.
Home owners in Riviera also enjoy the opportunity to use the common amenities and purchase equities in a number of Bonita Bay advanced amenities programs which include, tennis center, fitness club, golf – five private courses and marina.
Bonita Bay also offers private access to four private parks included a beach park on the shores of Bonita Beach. A community shuttle bus is available for transportation to and from Riviera Lakes to the Bonita Bay beach park.
Subdivisions in Bonita Bay similar to Rivera at Bonita Bay include Siena at Bonita Bay and Montara at Bonita Bay.
Riviera, Riviera Bonita Bay, Bonita Bay Riviera, Bonita Bay Real Estate, Bonita Bay Homes, Homes in Bonita Bay
Author, Chris Griffith Bonita Springs Real Estate Agent
Tags: Bonita Bay Homes, Bonita Bay Riviera, Homes in Bonita Bay, Homes in Riviera, Riviera, Riviera Bonita Bay, Riviera Homes
Where Does the Real Estate Offer Go?
What happens to an offer after signing it? It’s a fair question to ask of whomever is helping you write the offer, whether it’s your real estate attorney or your real estate agent. If your attorney is involved they’re generally concerned with making sure you’re legally protected. They’ll also track specific time frames after the contract is executed and advise you of action items required on your part that involve inspections, applying for mortgages, etc.
What happens to the purchase offer you’ve just signed after you push away from the table? I wonder if many buyers know or ask for those details. To whom is the offer being presented? How is it being delivered? Does your agent know anything about the seller, the seller’s agent, recently received offers or past offers in general?
It all sound like basic fundamentals but given that I’ve received not one, but two contracts this week, via email with no phone call or even a basic question or two about the property, the seller’s objectives or the tenant’s lease, it makes me wonder how often this happens to buyers. Little did the enthusiastic buyers realize they’ve mustered the courage and signed on the dotted line only to have their offer get rolled up and essentially tied to a balloon and released into the great blue yonder.
If nobody knew the offer was coming, whether it’s via email, fax or pony express, valuable time is tick, tick, ticking away. This is where sellers really learn to really appreciate that twenty four hour response time they’ve been given to jumping through the flaming hoops. (Yes, that is sarcasm. I’m fluent in it.) They especially enjoy it when they live in a different time zone or on a different continent or if there are multiple parties involved who need to be consulted before an agreement or counter offer can be made.
If you’re a buyer who is placing an offer to purchase real estate, there are a few questions you need to ask:
1. Ask if your agent has spoken with the listing agent prior to preparing an offer to find out important information such as which closing dates could benefit the seller or to ask for property disclosures. You did review the disclosures first, right? Good, that means you signed them and send them back with the offer.
2. Get a copy of your contract and a list of important time frames, response times for both parties involved in the contract, escrow deposit dates and home inspection deadlines.
3. Ask for some sort of acknowledgement from your real estate agent that the offer was actually presented and is now in the hands of the seller, the seller’s real estate agent or their legal counsel for due consideration. Whether it’s simply an acknowledgement of a conversation about the contract or an email response receipt to make sure the seller’s side knows you’ve placed an offer.
4. Instruct your agent to ask to be notified immediately if your offer becomes involved a multiple offer situation.
Real estate 101 – The great delivery. Deliver the offer and actually let the seller’s agent know it’s been delivered.
Coming soon: Real estate 102 – The bridge to nowhere. How to explain to a buyer’s agent that if they want to (imagine finger quotes) “bridge the gap” on an offer fifty percent off list price, someone is going to need to sell a kidney and trust me, it’s not me.
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Real Life in Bonita Springs is a project by Chris Griffith dedicated to writing useful blog posts for consumers about the Bonita Springs, Florida area. Find out what it is really like to live in Bonita Springs, Florida by reading about our fair city. You’ll get the latest in local real estate information, Bonita Springs real estate market reports and a little bit of humor. If you have topic ideas, feel free to request a story about the idea, after all, this site is just for you.
You can subscribe to a weekly email newsletter by visiting www.LifeInBonitaSprings.com and entering your email in the subscription area on the center pane of the web page or by adding us to your reader by subscribing to this blog. Oh, and if you’re reading this content anywhere else but www.LifeInBonitaSprings.com or Naples Daily News it is probably stolen.
Tags: buyers agent, Counter Offer, executed contract, Percentage off List, Placing an Offer, real estate, real estate attorney
Hammock Isle Carriage Homes in Bonita Bay
Hammock Isle at Bonita Bay is just off of the mangrove lined shores of Estero Bay. Hammock Isle is a petite complex of condominium homes nestled amongst mature oaks. Hammock Isle is merely five buildings with a total of fourteen condominium coach and carriage homes.
Built in the year 2000, condo units at Hammock Isle range from 2,060 to 2,748 square foot of living area with a floor plan that offers either three bedrooms or three bedrooms plus a den.
Individual units in Hammock Isle are located on either the ground floor or the second floor.
Second Floor condominiums at Hammock Isle, on a case by case basis, have a private elevator or dedicated space to have an elevator installed. The condos at Hammock Isle have two car attached garages.
Residents and owners of condos in Hammock Isle enjoy use of their own private swimming pool, spa and cabana on site. Hammock Isle is just around the corner and easily within walking distance of Estero Bay Park, nature paths, Estero Bay Pier and the butterfly garden.
Bonita Bay is ordered by Spring Creek, Imperial River & Estero Bay w/direct access to the Gulf. Residents enjoy Bonita Bay’s private beach pavilion, 12 miles of bicycle and walking paths, basketball, boating/canoeing/kayaking, and 3 waterfront parks.
Bonita Bay Club is member owned & offers 5 golf courses, 18 Har-Tru tennis courts, a state of the art fitness center & Olympic pool and a clubhouse offering casual as well as fine dining. Bonita Bay also offers a full-service marina w/Gulf access via the Imperial River. To learn more about the amenities of Bonita Bay, read also Bonita Bay Golf and Country Club.
Contact us today for a current list of Hammock Isle listings in Bonita Bay. Other communities similar to Hammock Isle at Bonita Bay includes: Green Briar at Bonita Bay, Waterford at Bonita Bay and Harbor Landing at Bonita Bay.
Hammock Isle, Hammock Isle Bonita Bay, Hammock Isle at Bonita Bay, Bonita Bay Hammock Isle, Hammock Isle Condo, Hammock Isle Real Estate
Tags: Bonita Bay Condos, Bonita Bay Golf and Country Club, Bonita Bay Hammock Isle, Bonita Bay Real Estate, Condos in Bonita Bay, Condos in Hammock Isle, Hammock, Hammock Isle, Hammock Isle at Bonita Bay, Hammock Isle Bonita Bay, Hammock Isle Condo, Hammock Isle Real Estate
Corkscrew Regional Ecosystem Watershed of Florida
As a resident of SWFL for decades I’ve always heard of C.R.E.W. but never visited it. Finally, during a tour with Leadership Bonita I was able to visit and discover what it was about. This is certainly the abbreviated version and a means for you to find the website and visit the CREW. trails yourself. I can share that I certainly waited too long. So what is CREW?
The CREW Land and Water Trust is a private, non-profit conservation organization dedicated to the preservation and stewardship of the water resources and natural communities in and around the Corkscrew Regional Ecosystem Watershed (CREW). We do that by coordinating the land acquisition, land management, and public use of this 60,000-acre watershed in partnership with the South Florida Water Management District and the Florida Fish & Wildlife Conservation Commission. CREW is the largest intact watershed in southwest Florida, straddling Lee and Collier Counties. CREW’s majestic 5,000-acre sawgrass marsh is the headwaters for the entire watershed which includes the National Audubon Society’s famous Corkscrew Swamp Sanctuary directly to the south.
In addition to what CREW does for our precious water supply, there over five thousand acres of sawgrass marsh with five miles of walking trails and boardwalks that go through wetlands, pine flatwoods, hardwood hammocks, a pop ash slough. A variety of the flowers that can easily be found on a walk through the CREW trails is in the photos for you to review. There are also a variety of birds in the area that can be seen and heard. Nesting red shoulder hawks were on the edge of one trail we followed.
The best part of visiting the CREW trails is that they are free, open seven days per week from sun up to sundown. The CREW trails are great if you’re looking for Things To Do with kids or just things to do in Bonita Springs or Estero. It’s a short drive and free and free is for me! Click the map for directions.
To learn more about CREW visit their official website: www.crewtrust.org questions about crew can be directed to crewtrust@earthlink.net or 239-657-2253.
CREW Land & Water Trust
23998 Corkscrew Road
Estero, Florida 33928
239-657-2253
Tags: corkscrew, Corkscrew Regional Ecosystem Watershed, Corkscrew Swamp Sanctuary, CREW, CREW Trails, CREW TRUST
Luxury Estate Homes in Rookery Lake Bonita Bay
Nestled deep in the heart of Bonita Bay is Rookery Lake at Bonita Bay. Rookery Lake is an upscale collection of luxury homes. The home sites in Rookery Lake are larger than those of villa style homes. Green space between homes is more plentiful due to the size of the real estate plots and the landscaping is full, lush and mature.
Homes in Rookery Lake Bonita Bay were built from the year 1998 to about 2004. The entire neighborhood is built out and only resale real estate is available. The homes range in size from about 3,750 square feet to about 7,650 square feet of interior living space.
Every home in Rookery Lake has it’s own private swimming pool. The views from the lanai of homes in Rookery Lake are of lakes, nature preserve or the golf course.
There are forty-five estate homes in Rookery Lake built along the main, curving street of Rookery Lake Drive and two cul-de-sac streets, Pineshadow Court and Arrowwood Court.
Due to the smaller number of homes available in Rookery Lake there are generally not many on the resale real estate market. Other homes in Bonita Bay which are similar to Rookery Lake are located in Bay Woods at Bonita Bay, Spring Ridge at Bonita Bay and Oak Knoll at Bonita Bay.
Home owners in Rookery Lake not only enjoy the resort lifestyle of southwest Florida but also the great amenities of Bonita Bay.
Access to marina membership, golf course membership, fitness center, tennis center and more are available separately. To learn about the amenities, read also: Bonita Bay Golf and Country Club.
Tags: bonita bay, Bonita Bay Golf and Country Club, Bonita Bay Homes, Bonita Bay Real Estate, Bonita Bay Rookery Lake, Homes in Bonita Bay, Homes in Rookery Lake, Rookery, Rookery Lake, Rookery Lake at Bonita Bay, Rookery Lake Bonita Bay, Rookery Lake Homes
Looking Dotty in Deerwood at Bonita Bay
One thing I have to do is figure out what this plant is because it was peppered with monarch butterflies. The passiflora brings in an orange butterfly which I’ve seen tons of but this is was the obvious monarch draw. I can’t wait to find and plant this! DTV was fascinated by the monarchs.
Updated 3/25/12: A reader sent along this info about the plant – Thank you!
Asclepias curassavica, commonly called Mexican Butterfly Weed, Blood-flower, Scarlet Milkweed or, Tropical Milkweed, is a species of flowering plant in the dogbane family, Apocynaceae. It is native to the American tropics.
It has a pantropical distribution as an introduced species. It is grown as an ornamental garden plant and as a source of food for butterflies.
Tags: Bonita Bay Real Estate, Bonita Springs, butterfly, Deerwood, Deerwood at Bonita Bay, Deerwood Bonita Bay Homes, Deerwood Bonita Bay Real Estate, Monarch
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