Bonita Springs Season Sales Off 5.9%, Prices Down 10.1%

This morning I pulled year to date Bonita Springs, Florida statistics from Sunshine MLS (the local MLS system) to determine how the 2007 season compared to 2006. I compared numbers from January 1 to May 31 for each year and found the following:

Number of Pending Sales
2006: 766
2007: 721
DOWN 5.9%

Median Price Average:
2006: $432,180
2007: $388,317
DOWN 10.1%

So what does it mean? These numbers are no where near the poor pending numbers when comparing 2006 to 2005, a time where pending sales dropped 53.9%. Even better news is pricing, 2006 to 2005 had seen a gain in median prices by 26%, however we have only given 10.1% back.

This market rewards sellers who price their property correctly and severely penalizes those who don't. With residential inventory over 3,400 units, buyers can find great value if they do their homework.

Of course I recommend hiring a Realtor, our value is really apparent in a normal market like today.

Joe Ballarino
President & Founder
Amerivest Realty

David Cole Named Director of Business Development

Amerivest Realty is pleased to announce that David Cole has been named Director of Business Development.

David comes to Amerivest Realty after serving for 13 years as Broker/VP of Operations of a 6 office, 230 agent brokerage. "David possesses the experience and talent that Amerivest Realty required in order to continue the strong growth we have been experiencing" said Joe Ballarino, Founder & President.

When asked why he chose Amerivest Realty for the next step in his career, David responded "Amerivest Realty has the most advanced technology services in the market place. The leadership at Amerivest Realty also knows that a successful business must continually strive to improve their products and services and Amerivest Realty has done that year after year".

David started his real estate career in 1983, orginally from Norman, Oklahoma. He moved to Southwest Florida in 1988, working with Re/Max Realty Group as a sales associate, then opened his own Century 21 franchise serving as a Broker/Owner, before spending the last 13 years with VIP Realty Group. He also served as President of the Realtor Association of Greater Ft. Myers and the Beach.

"David's vast experience as a sales associate, broker/owner is ideal for this position. He'll be able to assist our real estate franchise partners in growing their office. David's energy and enthusiam for his new role is also greatly appreciated." - Joe Ballarino.