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Bonita Bay Real Estate Market Report November 1 2012
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Bonita Bay Real Estate Market Report November 1 2012

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Bonita Springs and Bonita Bay Real Estate Market Report Statistics Update for October 2012.

Bonita Springs and Bonita Bay Real Estate Market Report Statistics Update for October 2012.

Published in: Real Estate

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  • 1. Bonita Bay Real Estate Market Report As of 11-01-12 Chris Griffith w The Griffith Group w 239-273-7430 Downing Frye Realty, Inc. w www.LifeInBonitaSprings.com chris@LifeInBonitaSprings.com
  • 2. A Decade of Historical Bonita Bay Real Estate SalesClosed sales inBonita Bay duringthe month ofOctober show anear rebound.Sales in generalwere stable andconsistent with2004 sales, pre-housing crashnumbersThere were fewsales 600-1M.
  • 3. What is The Condition of Bonita Bay Real Estate Sales?How distressed is realestate in Bonita Bay?There were noforeclosure and noshort sale propertysales recordedclosed sale in BonitaBay in October 2012.Bonita Bay is healthyby comparison toBonita Springs-Esterodistressed units tothe right.
  • 4. What Price Range of Bonita Bay Real Estate is Selling?Statistics weregathered from theSunshine MLS onNovember 07, 2012.A total of 12properties wererecorded as closedsale in Bonita Bayduring the month ofOctober2012.Only two properties$600K to $1Mclosed sale. Onlyone of thoseproperties was asingle family home.
  • 5. Current Bonita Springs Real EstateInventory and Absorption RatesStatistics were gatheredfrom the Sunshine MLSon November 7, 2012. Single Family Homes-Villas – 9 Months (h 1.4 mo.)This is the anticipated Low Rise Condominiums –10.4 Monthstime it would take to sellexisting inventory. (h 2.3 mo.) Mid Rise Condominiums – 16.2 MonthsSix months is considered (h .3.9 mo.)a balanced market. We High Rise Condominiums – 15.6 Monthsdo have a large amountof pending/pending- (h 4.3 mo.)contingent properties Attached Villas – 7.4 Monthsskewing the marketstatistics so the months (h .4 mo.)of current inventory Manufactured Homes – 12.4 Monthswould be far less if they (6 .4 mo.)weren’t in the equation.
  • 6. Bonita Springs Market Report November 1, 2012
  • 7. A Decade of Historical Bonita Springs Florida Real Estate SalesClosed sales areslightly higherthan last year atthis time.Sales have beensteady andinventory iscurrently thin inentry level pricedproperties under$400,000.
  • 8. What is The Condition of BonitaSprings Florida Real Estate Sales?How distressed isreal estate in BonitaSprings and EsteroFlorida?The level of soldforeclosures is lowercompared to thelast few years.Foreclosureproperties often sellquickly andexperience multipleoffers when they docome to the market.
  • 9. What Price Range of Bonita SpringsFlorida Real Estate is Selling?Statistics weregathered from theSunshine MLS onNovember 07, 2012.The 600-800K pricepoint accounts forabout 5% of all closedsales (red). The 800-$1M range was ameager 1.3% of sales(blue).A total of 153properties wereclosed sale in BonitaSprings and EsteroFlorida during themonth of October2012.
  • 10. For More Information about BonitaSprings and Estero Florida Real Estate …Visit www. LifeInBonitaSprings.com to view market statistics, current listings and toSearch for Homes http://lifeinbonitasprings.com/about/search-mls to view realestate market reports from month prior visit:http://lifeinbonitasprings.com/category/bonita-springs-market-reportStatistics were gathered from the Sunshine MLS on November 7, 2012.All information is deem accurate, not guaranteed and subject to change. Check thedate on this report for freshness. If you have questions regarding your particularneighborhood, your street or your home specifically you’re welcome to contact us fora current market report.Real estate consumers that read this website are urged to seekindependent, professional legal, real estate and financial advice before engaging inany transaction. All information is deemed, accurate, subject to change and notguaranteed.