Bob Pisa Downing-Frye Realty, Inc.

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Estero FL Homes for Sale


Estero? That's the reaction from many people who have not visited southwest Florida. But for anyone who has visited the greater Naples - Fort Myers area, Estero is well known. Estero is just north of Bonita Springs, FL. Estero homes for sale is an important part for anyone's research into buying a home in southwest Florida.

 

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Bonita Springs - Estero Real Estate Market Watch
 
May 2013

(Based on data from the local board of REALTORS® multiple listing service.)

COMBINED INVENTORY - Naples, Bonita, Estero

The combined inventory of available homes for sale dropped again in May 2013 to a new low level for the last 29 months. There are now 5,605 total active listings. New listings added in Bonita-Estero in May was 192 compared to 240 added in April 2013.
PENDING SALES

The number of pending sale contracts increased 4% month-over-month and was up a whopping 30% from year-over-year.
CLOSED SALES

Closed sales volume for May was in the top 3 months over the preceding 29 months. It did fall back 14%  from the peak month posted in April 2013 of 347 sales.
AVERAGE PRICE PAID

The overall average price paid increased 2% month-over-month and increased 11% year-over-year to $389,000.
MEDIAN SALE PRICE

(The number where 50% of the homes sell above and below.)

The overall median price paid decreased 2% month-over-month but increase 16% year-over-year to $255,000.

 

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A note about the data… if you track the charts closely month-to-month you will see that the numbers for the most recent months may change slightly each edition. The reason is that the data in the MLS is changing due to additional sales posted and/or corrections made to the data for the closing date and price paid. The changes are minor.

Market Watch Archives

 

Driving from Fort Myers to Naples one must drive through Estero which has been called a "boom town". Estero is booming! More than three million square feet of retail, dining, and theaters have been added over several years and the commercial space is still being built including four new hotels. What's even more impressive, it's all fully leased.

The major retail centers are Gulf Coast Town Center (GCTC) at the Corner of Alico Road and Ben Hill Griffin Parkway - a wonderful open-air outdoor mall. This location is about three miles from the new Southwest Florida Regional Airport, Florida Gulf Coast University, Miromar Lakes Beach and Country Club and Grandezza Golf and Country Club. GCTC is home to the Bass Pro Shop complete with marina and lake and way too much more to mention.

Heading south on Ben Hill Griffin to Corkscrew Road will take you to the Miromar Outlet Mall, another outdoor mall. The Outlets are just completing Phase VI and there is one more to go. There are over 120 shops and counting.

Further west on Corkscrew, toward U.S. 41 and near The Brooks, you will find the Coconut Point Mall, another outdoor mall, which is home to The Residences at Coconut Point. Live, work, shop, dine, and play all at Coconut Point.

In 2000, the permanent and seasonal population was about 15,000. By the end of 2006 it is estimated to be nearly 41,000. The projection for 2010 brings the number to approximately 50,000 seasonal and permanent residents with the ratio of permanent to seasonal resident growing steadily every year.

Estero is doing a superb job of managing and planning its growth. Much of this is due to the participation of many resident volunteer groups like the Estero Council of Community Leaders. This is a "grass roots" community organization that listens to its residents and provides a forum for these concerns to be heard.

Estero is home to a great many residential communities offering a wide variety of lifestyles and amenities - residences at the mall, golf and country clubs, lakes, and residences on Estero Bay with access to boating and canoing. All this is just a short way from the pristine white beaches on the Gulf of Mexico.

Please feel free to call me anytime if you would like information about Estero homes for sale or if you simply have a question.

Bob Pisa, REALTOR®, e-PRO®
Downing-Frye Realty, Inc.

Email 239.898.6865 (mobile) Toll Free 888.678.2500 ext 32


More Information - Online Reports


IMPORTANT NOTICE: These reports are provided exclusively for the use of individual(s) interested in purchasing or selling real estate. Commercial use and/or any reproduction is prohitbited without prior written permission. By downloading any report you agree to these conditions. (4/8/2010)

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May 2013 Bonita - Estero Area Real Estate Market Data

April 2013 Bonita - Estero Area Real Estate Market Data

March 2013 Bonita - Estero Area Real Estate Market Data

February 2013 Bonita - Estero Area Real Estate Market Data

January 2013 Bonita - Estero Area Real Estate Market Data

December 2012 Bonita - Estero Area Real Estate Market Data

November 2012 Bonita - Estero Area Real Estate Market Data

October 2012 Bonita - Estero Area Real Estate Market Data

September 2012 Bonita - Estero Area Real Estate Market Data

August 2012 Bonita - Estero Area Real Estate Market Data

July 2012 Bonita - Estero Area Real Estate Market Data

June 2012 Bonita - Estero Area Real Estate Market Data

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Downing-Frye Realty, Inc.

Bob Pisa
Robert Alan Pisa, P.A.
REALTOR®, e-PRO®
239-898-6865

180 9th St S U.S. 41
STE 300
Naples, Florida 34102

23421 Walden Center Drive, #200
Bonita Springs, FL 34134

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