P = Pending / CS = Closed /
4 | Special Market Report | May | June | 2011
= Short Sale /
Special Market Report | May | June | 2011 | 1
= Foreclosure
CoconutPointRealEstate.com
Miromar Lakes Market Trends
MARKET REPORT
CS = Closed
ESTERO | BONITA SPRINGS | NAPLES
Michael@CoconutPointRealEstate.com | 239-777-0473 May, 2011 - Market Trends At one point in 2010 50% of closed sales in Miromar Lakes were either Short Sales or Foreclosure. Now in May of 2011 Inventory is at a 2 year low of 73 units and there are only 2 shorts and 2 foreclosures actively for on the market. With inventory low and lows in the distressed properties it’s not surprising that March and April 2011 has matched 2 year highs in closed sales. Stat
Address
Bed
Bath
Half
Furn Pool Spa Exp View SqFt Built List Price Single Family Homes in Miromar Lakes (Closed & Pending From March 1st to April 30th, 2011)
CS CS CS CS CS P P P CS P CS CS P CS
17967 Modena Rd 17819 Modena Rd 17835 Modena Rd S 10001 Isola Way 17976 Modena Rd 10011 Isola Way 17951 Modena Rd 10025 St Moritz Dr 9940 St Moritz Dr 10410 Via Balestri Dr 18590 Verona Lago Dr 18122 Via Caprini Dr 10610 Via Milano Dr 11720 Via Sorrento Pl
2+Den 2+Den 3 Bed 3 Bed 2+Den 3+Den 3+Den 3 Bed 3+Den 4 Bed 4+Den 3+Den 3+Den 4 Bed
2 2 3 2 2 2 3 2 2 4 4 2 3 4
0 0 0 0 0 1 0 0 1 0 0 1 1 3
Unfurnished Unfurnished Unfurnished Negotiable Turnkey Unfurnished Unfurnished Unfurnished Unfurnished Unfurnished Negotiable Turnkey Unfurnished Unfurnished
CS P CS CS CS CS P CS P P CS CS P CS P P CS CS CS CS CS CS CS CS P CS P CS
19671 Marino Lake Cir, #1604 10085 Valiant Ct, #101 10733 Mirasol Dr, #311 10085 Valiant Ct, #102 10520 Marino Pointe Dr, #503 10733 Mirasol Dr, #210 10791 Vivaldi Ct Ct, #1601 10241 Bellavista Cir, #103 10723 Mirasol Dr Sw, #308 17780 Via Bella Acqua Ct, #103 10730 Vivaldi Ct, #501 10681 Via Milano Dr, #2002 10641 Via Milano Dr, #1703 10731 Mirasol Dr, #603 10721 Mirasol Dr, #504 10601 Via Milano Dr, #1402 10830 Vivaldi Ct, #102 10733 Mirasol Dr, #610 10791 Vivaldi Ct, #1602 10722 Mirasol Dr, #503 10591 Via Milano Dr, #1303 10661 Via Milano Dr Se, #1803 10571 Via Milano Dr, #1203 10698 Mirasol Dr, #904 10756 Mirasol Dr, #104 17701 Via Bella Acqua Ct, #702 10728 Mirasol, #402 10731 Vivaldi Ct, #1003
3 Bed 2+Den 2 Bed 2+Den 3+Den 3+Den 2+Den 3 Bed 3+Den 3+Den 2+Den 3+Den 3+Den 3+Den 3+Den 3+Den 3+Den 3+Den 3+Den 3+Den 3+Den 3+Den 3+Den 3 Bed 3 Bed 3+Den 2+Den 3+Den
3 2 2 2 3 3 2 3 3 3 2 3 3 3 3 3 3 3 3 3 2 3 3 3 3 3 3 3
0 0 0 0 0 1 0 0 1 1 0 1 1 1 1 1 1 1 1 0 1 1 1 0 0 1 0 1
Unfurnished Unfurnished Negotiable Furnished Unfurnished Unfurnished Unfurnished Furnished Furnished Unfurnished Unfurnished Furnished Unfurnished Furnished Negotiable Unfurnished Unfurnished Furnished Furnished Unfurnished Unfurnished Unfurnished Turnkey Negotiable Unfurnished Furnished Furnished Negotiable
Yes Yes No Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
Yes No No Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
Yes
Sold Date
N NW W NW S N N NW E W S SW S NW
Golf Course, Lake Golf Course, Lake Canal, Preserve, Lagoon Golf Course, Lake Golf Course, Lake Lake Golf Course, Lake Golf Course, Pond Lake, Water, Pond Golf Course, Lake Landscaped Area Landscaped Area Canal Lake
1720 1720 2097 1742 1720 2389 2100 2260 2713 3358 3189 3043 3092 6139
2002 2003 2003 2002 2002 2002 2003 2003 2003 2004 2005 2004 2011 2009
$ $ $ $ $ $ $ $ $ $ $ $ $ $
240,000 249,900 299,900 339,000 339,900 399,900 429,000 459,900 519,900 849,000 965,000 1,099,000 1,156,064 2,995,000
$ $ $ $ $ $ $ $ $ $ $ $ $ $
140 145 143 195 198 167 204 203 192 253 303 361 374 488
3/7/2011 3/14/2011 4/18/2011 4/5/2011 4/11/2011
NE N SW E N SW S N SW W E E E SW S NE N S NW N E NE NE N N E NE SW
Landscaped Area Lake Lake, Pool/Club, Water Lake Golf Course Lake Lake Golf Course Lake Lake Lagoon Lake Canal, Lake Lake Lake Lake Lake Lake Lake Lagoon Lake, Water Lake, Water Lake Lagoon Canal, Lagoon Lake Lake Lake
2686 1654 1426 1654 2686 2329 2193 2686 2231 3054 2193 2832 3054 2329 2429 2832 2832 2226 2832 3634 3054 3054 3054 3634 3634 2832 2743 2832
2007 2002 2006 2003 2006 2006 2004 2003 2007 2007 2004 2007 2007 2006 2007 2007 2005 2006 2005 2007 2007 2007 2007 2007 2011 2007 2010 2005
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
189,900 249,000 249,999 265,000 269,900 359,900 360,000 425,000 439,000 489,900 499,000 530,000 539,000 549,000 574,500 575,000 589,000 595,000 649,000 679,000 690,000 690,000 749,000 749,900 750,000 759,000 795,000 799,000
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
71 151 175 160 100 155 164 158 197 160 228 187 176 236 237 203 208 267 229 187 226 226 245 206 206 268 290 282
Condos in Miromar Lakes (Closed & Pending From March 1st to April 30th, 2011) -
List SqFt
To view Active listings visit www.MyMiromarLakes.com
Sold Price Sold SqFt $ $ $ $ $
240,000 230,000 280,000 320,000 320,000
$ $ $ $ $
140 134 134 184 186
4/4/2011 $
500,000
$
184
4/29/2011 $ 3/4/2011 $
910,000 965,000
$ $
285 317
3/9/2011 $
2,600,000
$
424
3/30/2011 $
186,000
$
69
3/31/2011 3/31/2011 3/7/2011 4/4/2011
$ $ $ $
249,999 245,000 265,000 325,000
$ $ $ $
175 148 99 140
3/14/2011 $
350,000
$
130
3/14/2011 $ 4/1/2011 $
330,000 500,000
$ $
150 177
4/25/2011 $
500,000
$
215
4/29/2011 4/27/2011 3/31/2011 3/7/2011 4/26/2011 3/23/2011 4/15/2011 3/23/2011
$ $ $ $ $ $ $ $
545,000 568,000 649,000 650,000 580,000 580,000 700,000 710,000
$ $ $ $ $ $ $ $
192 255 229 179 190 190 229 195
4/1/2011 $
640,000
$
226
4/18/2011 $
725,000
$
256
DOM
P = Pending = Short Sale = Foreclosure
Season is coming to an end and mass exiting of snow birds has begun. There will be opportunity to sell during the summer months. While there will not be as many showings or open houses, buyers who are walking house to house in 90 degree heat don’t do so for entertainment they are most likely serious buyers. Many home sellers will take their homes off the market during the summer months because they believe they do not have a chance to sell or their homes will sell for less in the summer. This is completely false! With increases Bonita Springs Market Trends
%List
277 73 87 126 347 232 55 38 95 135 617 241 215 1
100% 92% 93% 94% 94%
171 122 91 346 47 84 146 191 24 145 184 184 50 364 119 94 119 85 1 52 317 285 1 131 7 108 120 212
98%
96% 94% 88% 87%
Do price adjustments have an impact on homes selling? The purple line represents Price Changes and the red represents Pending "or homes under contract" the two lines follow almost step by step each month. If your home hasn't sold it will likely needs a price adjustment. PRICE REMAINS TO BE THE KEY TO GETTING YOUR HOME SOLD!
100% 92% 98% 90%
Estero Market Trends
82% 66% 94% 91% 93% 95% 100% 96% 84% 84% 93% 95%
There is a definite similarity between price adjustments and Price Changes in Estero. There was a large spike in Pending properties in January due to the large influx of seasonal residents coming back to town. If your home has not sold it likely needs a price improvements. Numbers do not lie!
84%
Pelican Landing Market Trends
91%
Grandezza Market Trends
19 homes sold in Pelican Landing in April 2011 a two year high! With 29 homes still under contract high sales will continue throughout May 2011. What this means is if your home has been on the market for an extended period and 50 homes have sold so far this year you should reevaluate you selling price. The #1 reason a home does not sell is price. Request an upto-date market analysis to see where your home is positioned in the market. Numbers do not lie! For Grandezza we replaced the “Selling Trends” chart with “Price Change vs Pending”. The correlation between Pending Sales and Price Changes from September 2010 to May of 2011 is significant not to publish. It is no secret that pricing is critical to selling your home in Grandezza. This chart proves that Price Improvements have a direct impact on homes going under contract in Grandezza. See for yourself! Stat
Address
Bed
Bath
Half
P P CS P CS P CS CS CS CS
12599 20125 20080 20045 20111 20137 20036 12538 19960 19778
Grandezza Cir Seadale Ct Saraceno Dr Saraceno Dr Saraceno Dr Seadale Ct Markward Grandezza Cir Markward Markward
2+Den 3 Bed 3 Bed 2+Den 3+Den 2+Den 3+Den 3+Den 3+Den 3+Den
2 2 2 2 3 2 3 2 3 3
0 0 0 0 0 0 0 0 0 0
CS CS CS CS CS P CS CS P CS
20131 20101 20060 20230 20140 20321 20220 20241 20231 20251
Seagrove St, #403 Seagrove St, #706 Seagrove St, #1803 Calice Ct, #402 Seagrove St, #2601 Calice Ct, #1802 Calice Ct, #302 Calice Ct, #2603 Burnside Pl, #404 Burnside Pl, #602
2 Bed 2+Den 2+Den 3 Bed 3 Bed 3 Bed 2+Den 3+Den 3+Den 3 Bed
2 2 2 2 2 2 2 2 2 2
0 0 0 0 0 0 0 0 1 1
Lighthouse Bay, Bonita Springs
Furn
Pool Spa Exp View SqFt Built List Price Single Family Homes in Grandezza (Closed & Pending From March 1st to April 30th, 2011) Negotiable Yes Yes N Preserve 1649 2005 $349,000 Unfurnished Yes Yes S Lake, Preserve 2000 2002 $379,000 Unfurnished Yes Yes W Golf Course, Lake 2052 2005 $384,000 Turnkey Yes Yes E Lake 2022 2003 $387,000 Unfurnished Yes No E Golf Course, Preserve 2507 2003 $395,000 Unfurnished Yes Yes SE Lake, Preserve 1989 2003 $399,000 Unfurnished Yes No W Golf Course 2655 2006 $415,000 Unfurnished Yes Yes W Lake, Water Feature 2293 2005 $445,000 Unfurnished Yes Yes N Golf Course, Lake, Preserve 3062 2007 $639,000 Furnished Yes Yes SE Golf Course, Lake 2860 2002 $814,900 Condos in Grandezza (Closed & Pending From March 1st to April 30th, 2011) NE Golf Course, Lake 1490 2003 $120,000 Unfurnished E Golf Course 1642 2003 $129,900 Unfurnished W Golf Course, Lake 1627 2003 $159,900 Unfurnished W Golf Course 1647 2001 $170,000 Unfurnished W Golf Course, Lake 1642 2002 $192,900 Unfurnished E Golf Course, Lake, Preserve 1647 2003 $218,900 Turnkey W Golf Course, Lake 1649 2001 $234,900 Unfurnished E Golf Course, Lake, Water 2150 2001 $295,000 Turnkey SE Golf Course, Lake 2133 2004 $389,000 Unfurnished E Golf Course, Lake 2133 2005 $399,000 Turnkey
To view Active listings visit www.MyGrandezza.com
4380. 2nd floor, 3 bed, 2 bath, 2316sf carriage home with beautiful never ending water views. One of the newer models built offering a 2-car garage. Bright and airy throughout, tile, plantation shutters, 10’ ceilings, built-in dry bar, GE Profile appliances. Living room, breakfast nook and master bedroom all with sliders to the lanai offering breathtaking views through the tile lanai’s vast archway. Enjoy the nature and abundance of amenities Lighthouse Bay has to offer. Offered at $275,000 Call Michael 239-498-7600.
1646. 2nd floor Coach home, 3 bed+den, 2 bath, 2040 sf, 2465 total sf, designer decorated throughout, hardwood flooring, tile, textured faux paint, accented tile, plantation shutters, designer fixtures/ceiling fans. Striking architectural features w/vaulted ceilings, archways, niches, French doors. 2 guest bedrooms one very large in size doubling perfectly as a media room. Water, golf course, tropical views through a wall of sliders from morning room to the great room opens to the tailed lanai.. Quietly located at the end of the street in a private neighborhood of Oak Hammock at Shadow Wood At The Brooks. Offered at $288,900.
List SqFt $212 $190 $187 $191 $158 $201 $156 $194 $209 $285 $81 $79 $98 $103 $117 $133 $142 $137 $182 $187
Sold Date
Sold Price
Sold SqFt
3/14/2011
$369,000
$180
4/1/2011
$380,000
$152
4/7/2011 3/16/2011 4/14/2011 4/21/2011
$410,000 $410,000 $610,000 $625,000
$154 $179 $199 $219
3/21/2011 3/10/2011 4/29/2011 4/28/2011 3/9/2011
$120,000 $125,110 $158,500 $160,000 $165,000
$81 $76 $97 $97 $100
4/12/2011 3/28/2011
$215,000 $270,000
$130 $126
3/23/2011
$375,000
$176
DOM 98 216 86 98 140 117 434 92 1 143 403 42 18 473 147 120 200 404 50 188
%List
96% 96% 99% 92% 95% 77% 100% 96% 99% 94% 86% 92% 92% 94%
Shadow Wood at The Brooks, Bonita Springs
Call Michael 239-498-7600.
Visit www.CoconutPointRealEstate.com for Additional Information
Stat
Address
Bed
Bath
Half
CS P CS CS CS CS P P CS CS CS CS P CS CS P CS CS P P P P P CS
3329 Wildwood Lake Cir 3337 Wildwood Lake Circle 25350 Galashields Cir 25274 Galashields Cir 25002 Pinewater Cove Ln 3500 Muscadine Ln 3510 Fiddlehead Ct 3510 Candleberry Ct 3480 Pine Fern Ln 3481 Muscadine Ln 3620 Olde Cottage Ln 3501 Fiddlehead Ct 3640 Lakemont Dr 3561 Lakemont Dr 3530 Lakemont Dr 3541 Lakemont Dr 23884 Sanctuary Lakes Ct 3520 Cassia Ct 24331 Woodsage Dr 23944 Sanctuary Lakes Ct 23881 Addison Place Ct 24941 Goldcrest Dr 25131 Ridge Oak Dr 3641 Bay Creek Dr
3 Bed 2+Den 2+Den 3 Bed 3 Bed 3+Den 3 Bed 3 Bed 4 Bed 4+Den 3 Bed 3+Den 4 Bed 3 Bed 3+Den 3+Den 3+Den 4+Den 4 Bed 3+Den 3+Den 4 Bed 4+Den 4+Den
2 2 2 2 3 2 2 2 3 3 2 3 3 3 2 3 3 4 3 3 3 3 3 4
0 0 0 0 0 1 1 1 0 0 0 0 1 0 1 2 1 0 0 1 0 1 1 2
P CS CS CS CS CS CS CS CS CS P CS CS CS CS CS CS P
3406 Pointe Creek Ct, #101 25200 Goldcrest Dr, #512 4161 Sawgrass Point Dr, #103 3421 Pointe Creek Ct, #202 4201 Sawgrass Point Dr, #102 25000 Cypress Hollow Ct, #102 3480 Ballybridge Cir, #102 25160 Sandpiper Greens Ct, #105 4181 Sawgrass Point Dr, #203 24821 Lakemont Cove Ln, #202 24320 Sandpiper Isle Way, #101 24772 Lakemont Cove Ln, #102 3491 Pointe Creek Ct, #301 24470 Reserve Ct, #102 24706 Lakemont Cove Ln, #201 24430 Reserve Ct, #101 3470 Ballybridge Cir, #102 25060 Ballycastle Ct, #103
2 Bed 2 Bed 2+Den 3 Bed 2 Bed 2+Den 2 Bed 3 Bed 2 Bed 2+Den 2 Bed 3 Bed 3 Bed 3 Bed 3 Bed 3 Bed 2+Den 2+Den
2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2
0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0
Furn Pool Spa Exp View SqFt Built List Price Single Family Homes in Pelican Landing (Closed & Pending From March 1st to April 30th, 2011) Partly FurnishedNo No E Lake 1604 1995 $ 239,500 Negotiable No No E Lake 1684 1995 $ 255,000 Turnkey No No SE Golf Course 1988 1994 $ 355,000 Unfurnished No No W Golf Course 2012 1997 $ 369,000 Unfurnished Yes No NW Lake 2154 1995 $ 399,700 Unfurnished Yes No N Landscaped Area 2273 2001 $ 475,000 Negotiable Yes Yes N Landscaped Area 2325 1995 $ 498,900 Unfurnished Yes Yes N Lake 2485 1995 $ 499,000 Unfurnished Yes No N Landscaped Area 2326 1996 $ 509,000 Unfurnished Yes No S Landscaped Area 2857 1996 $ 509,500 Unfurnished Yes Yes N Landscaped Area 2324 1997 $ 529,000 Unfurnished Yes No S Landscaped Area 2621 1994 $ 549,000 Furnished Yes Yes N Golf Course, Lake 3200 1992 $ 574,900 Unfurnished Yes No SE Lake, Preserve 2486 1994 $ 579,000 Negotiable Yes Yes SW Lake, Preserve 2972 1994 $ 599,000 Unfurnished Yes Yes SE Lake, Preserve 3450 1994 $ 650,000 Negotiable Yes Yes NW Preserve 2754 2001 $ 739,900 Unfurnished Yes Yes NW Lake 3404 2000 $ 799,000 Negotiable Yes Yes E Lake 3400 1995 $ 839,000 Unfurnished Yes Yes SW Preserve 2705 2002 $ 885,000 Negotiable Yes No W Golf Course 3382 2001 $ 925,000 Unfurnished Yes Yes SE Golf Course 3252 1992 $ 1,000,000 Unfurnished Yes Yes E Golf Course, Lake 4152 1998 $ 1,375,000 Unfurnished Yes Yes S Preserve 5776 2002 $ 1,699,500 Condos in Pelican Landing (Closed & Pending From March 1st to April 30th, 2011) W Lake 1461 1997 $ 159,000 Unfurnished W Landscaped Area 1486 1995 $ 174,900 Furnished NW Preserve, Other, Pond 1394 1993 $ 178,500 Furnished S Creek 1446 1997 $ 179,900 Unfurnished N Golf Course, Lake 1394 1993 $ 188,000 Furnished N Lake 1544 1994 $ 189,000 Unfurnished NW Lake, Preserve, Creek 1617 1994 $ 189,900 Negotiable W Landscaped Area 1637 1999 $ 199,000 Furnished W Golf Course, Lake 1394 1994 $ 199,000 Turnkey Turnkey E Lake, Pool/Club 1670 1992 $ 199,000 E Landscaped Area 1500 2004 $ 199,900 Negotiable N Lake 1528 1993 $ 219,999 Unfurnished SW Landscaped Area 1575 2001 $ 234,900 Turnkey S Golf Course 1780 1994 $ 235,900 Furnished S Lake 1643 1992 $ 239,900 Furnished NE Golf Course 1657 1994 $ 239,900 Unfurnished NW Landscaped Area 1808 1994 $ 259,000 Turnkey W Landscaped Area, Creek 1808 1994 $ 259,000 Turnkey
List SqFt $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
149 151 179 183 186 209 215 201 219 178 228 209 180 233 202 188 269 235 247 327 274 308 331 294
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
109 118 128 124 135 122 117 122 143 119 133 144 149 133 146 145 143 143
Sold Date
Sold Price Sold SqFt
3/21/2011 $
210,000
$
131
4/26/2011 4/29/2011 3/1/2011 4/15/2011
$ $ $ $
320,000 350,000 375,000 452,000
$ $ $ $
161 174 174 199
3/22/2011 4/1/2011 4/15/2011 3/31/2011
$ $ $ $
475,000 455,000 490,000 549,000
$ $ $ $
204 159 211 209
4/21/2011 $ 3/18/2011 $
535,000 550,000
$ $
215 185
3/28/2011 $ 4/29/2011 $
685,000 725,000
$ $
249 213
3/21/2011 $
1,600,000
$
277
3/25/2011 3/2/2011 3/8/2011 4/19/2011 3/15/2011 4/6/2011 3/11/2011 4/8/2011 4/28/2011
$ $ $ $ $ $ $ $ $
150,000 169,900 155,000 178,000 175,000 180,000 185,000 180,000 189,000
$ $ $ $ $ $ $ $ $
101 122 107 128 113 111 113 129 113
3/11/2011 4/1/2011 4/14/2011 4/30/2011 4/28/2011 4/29/2011
$ $ $ $ $ $
191,250 207,500 215,000 215,000 205,000 237,500
$ $ $ $ $ $
125 132 121 131 124 131
DOM
Visit www.CoconutPointRealEstate.com for Additional Information or Call D. Michael Burke, p.a. 239.498.7600 for More Information
194 67 533 1 225 1 103 78 149 179 71 1 153 163 1 58 183 152 39 66 42 84 223 1 81 318 1 169 99 59 47 861 62 109 56 115 188 64 58 184 1 91
%List 88% 90% 95% 94% 95%
93% 89% 93% 100% 92% 92% 93% 91%
94%
86% 95% 86% 95% 93% 95% 93% 90% 95% 87% 88% 91% 90% 85% 92%