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Bob Pisa - Naples FL Luxury Real Estate
Bob Pisa
REALTOR®, e-PRO®

239-898-6865
Toll-Free:
888-678-2500 X32
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Estero, FL Real Estate


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.

Click for personalized, detailed market reports by development or specific interest

Bonita Springs - Estero Real Estate Market Watch
December 2009
(Based on data from the local board of Realtors® multiple listing service.)
 
Pending home sales data for December 2009 dropped seven percent from November after five consecutive months of increases.
 
Pending home sales, the leading indicator, translates into real sales. December 2009 posted an increase in sales of nearly 25% over November 2009 and that’s 80% percent above December of 2008. There are several things driving this trend. First and foremost are prices, they are at the bottom and are not showing much sign of further decline or increase. Second, interest rates are very low. Third, home buyer federal tax credit incentives and lastly, southwest Florida remains to be a desirable place that many people want to be part of either seasonally, permanently, or readying for retirement now for a future time.
 
The average sale price for all property types jumped in December to $310,143. That represents almost a 7.5% increase over November and it is not quite 2% below the average price for December of 2008. In short, the price for homes sold in 2009 was pretty flat throughout the year.
 
The average price paid for a single family home has now reached a six month high! The average price paid in December was $355,420 while that for a condominium was $261,138. That represents nearly a 12% increase for single-family homes and a modest 2% increase for condominiums over the previous month.
 
Tidbits… the highest price paid for a residential property in Bonita/Estero during 2009 was $3,625,000 and, 65 properties sold for $1,000,000 or more.
 
Be sure to check out the detailed four-year closed sales plot here.
 
The detailed charts (sales volume and prices) for single-family homes and condominiums are available on-line. 
 
Download the charts.

 

 

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 some information or if you simply have a question.

Bob Pisa, REALTOR®, e-PRO®
Prestige Properties of South Florida, Inc.
Email 239.898.6865 (mobile) Toll Free 888.678.2500 ext 32


More Information - Online Reports


Check-off each report that you would like. Below, fill in your email and click OK. The report(s) will be sent to you immediately.



January 2010 Bonita Springs-Estero Market Data



December 2009 Bonita Springs - Estero Area Real Estate Market Data



November 2009 Bonita Springs - Estero Area Real Estate Market Data



October 2009 Bonita Springs-Estero Market Data



September 2009 Bonita Springs-Estero Market Data



August 2009 Bonita Springs-Estero Market Data



July 2009 Bonita Springs / Estero Real Estate Market Data



June 2009 Bonita Springs / Estero Real Estate Market Data



May 2009 Bonita Springs - Estero Real Estate Market Data



April 2009 Bonita Springs - Estero Real Estate Market Data



March 2009 Bonita Springs - Estero Real Estate Market Data



February 2009 Bonita Springs - Estero, FL Real Estate Market Trends




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Prestige Properties of South Florida Inc

Bob Pisa
REALTOR®, e-PRO®
239-898-6865

1400 Gulf Shore Blvd. North, Suite 106
Naples, Florida 34102

 


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