B.E.A.R. in the News – Bonita Springs Estero Realtors

Michael Michetti, a partner in the real estate law department of the law firm of Woods, Weidenmiller, Michetti & Rudnick, PL, has been named general counsel to the Bonita Springs—Estero Association of Realtors (B.E.A.R.). Michetti’s practice focuses on commercial and residential real estate law, commercial lending law, corporate formation and representation, and title insurance services.

December 2, 2014

BAUDER NAMED CEO OF B.E.A.R.

The Bonita Springs-Estero Association of Realtors (B.E.A.R.) announced that Christine Bauder has been named its chief executive officer. Bauder is responsible for day-to-day management of the B.E.A.R. office as well as decision-making with the board of directors and executive committee.

August 4, 2014

B.E.A.R. REPORT: INVENTORY DOWN, CONDO PRICES UP

The Bonita Springs-Estero Association of Realtors (B.E.A.R.) has posted the June 2014 Monthly Real Estate Market Detail. Closed sales continue to decrease year over year; most likely due to very low inventory levels. Inventory continues to deplete with now over a 50 percent decrease year over year in both single-family home and condo markets. The average sale price is stable for single-family homes as compared to June 2013, but the condo market saw a noticeable 15 percent increase in the average sale price over June 2013. The months’ supply of inventory has also decreased over 40 percent vs. June 2013 for both single-family home and condo markets. To see the full June 2014 market report, visit BonitaEsteroRealtors.com. For more information, call (239) 992-6771.

May 23, 2014

INVENTORY CONTINUES TO DECREASE;

CLOSED SALES INCREASE OVER LAST MONTH

The Bonita Springs-Estero Association of REALTORS (B.E.A.R.) has posted its April 2014 Monthly Real Estate Market Detail. For single-family homes, closed sales have increased by 26 units over last month, but have decreased 39.5 percent over April 2013. Inventory was much lower, by over 57 percent, in April as compared to April 2013. The average sale price gained 2.8 percent in April versus the prior year. For condomimums, closed sales increased by 11 units over March 2014, but decreased 35.1 percent from April 2013. Active listings are 52 percent less than in April 2013 as well. The median days on market measure continues to decline steadily for both single-family and condominium sales; both are showing an approximately 50 percent decline from April last year and under an average of 51 days on the market. To see the full April 2014 market report, visit www.BonitaEsteroRealtors.com.

February 25, 2014

INVENTORY DECREASES, PRICES INCREASE IN

BONITA SPRINGS AND ESTERO

Closed sales of single-family homes and condos in Bonita Springs and Estero decreased in January compared with January 2013, according to figures released by The Bonita Springs-Estero Association of Realtors in its January 2014 Monthly Real Estate Market Detail. For single-family homes, closed sales decreased 23.5 percent to 65 homes in January. Closed condo sales fell to 81 units in January, 19.8 percent lower than the same period last year. In January 767 homes were actively listed for sale, down 57 percent from 2013. The inventory of condos available for sale was 621 units, 49.8 percent lower than a year ago. The average price of a single-family home sold in Bonita Springs and Estero in January was $475,276, 19.7 percent higher than a year ago. The average sale price for a condo was $276,666, a 14 percent increase since last year. To see the full January 2014 market report, visit: BonitaEsteroRealtors.com.

January 29, 2014

AVERAGE SALE PRICE CLIMBS AS INVENTORY DECREASES

IN BONITA SPRINGS-ESTERO

The Bonita Springs-Estero Association of Realtors (B.E.A.R.) has posted monthly statistics for the December 2013 real estate market. Inventory was down by 36.5 percent over December 2012 and the days on market went from 104 days to just 63 days over the same period for single-family homes. The average sale price has increased again this month by 0.7 percent over December 2012 for single-family homes.

January 6, 2014

REALTORS ASSOCIATION NAMES NEW BOARD

The Bonita Springs-Estero Association of Realtors (BEAR) has announced its 2014 officers and board of directors. They are: president, Anita Colletti, John R. Wood Properties; president-elect, Judi Gietzen, Elite Realty of SWFL; secretary, Tom Mannion, Florida Home Realty; and treasurer, Roger Brunswick, John R. Wood Properties. The directors are: Jay Berube, Encompass Group Keller Williams Elite Realty; Jerry Bodart, Downing-Frye Realty; D. Michael Burke, Keller Williams Elite Realty; Garren Grup, John R. Wood Properties, Saundra Hinton, Elite Realty of SWFL; WCR appointed director, Michael Jackson, Keller Williams Elite Realty; and Affiliate Appointed Director, Nancy Dalaskey, BBT-Oswald Trippe & Co.

January 3, 2014

BONITA, ESTERO REAL ESTATE NUMBERS IMPROVE IN NOVEMBER

The Bonita Springs-Estero Association of Realtors (www.BonitaEsteroRealtors.com) has reported that the November average sales price for single-family homes increased 27.3 percent over November 2012. Additionally, the days on market in November decreased from 111 days to 42 days on market compared to the same period last year. November’s supply of inventory decreased 35.3 percent over November 2012.

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