A Decade of Historical Bonita Springs Florida Real Estate SalesClosed sales haveleveled off and areslightly lower thanlast year but at thistime and nearly atthe healthy 2004sales levels.Sales have beensteady andinventory remainsrather thin in entrylevel pricedproperties under$400,000 whichaccounts for 77% ofsales.
What is The Condition of BonitaSprings Florida Real Estate Sales?How distressed is realestate in BonitaSprings and EsteroFlorida?The level of soldforeclosures is close tothe lowest it has beensince the foreclosurecrisis began. Shortsales are at very lowlevels compared torecent months, also.Foreclosure propertiessell quickly andexperience multipleoffers when they docome to the market.
How Bonita Springs Real Estate is Paid ForCash remains kingwith about 61% ofall real estateclosed sales beingfunded with cash.For those who arelooking foralternativefinancing such asowner financing orprivate hardmoney, thenumbers areparticularly slim.
What Price Range of Bonita Springs Florida Real Estate is Selling?City wide, 83% of allclosed sales wereunder the $400Kprice point. The600-800K price pointaccounts for about5% (+1% from lastmonth) of all closedsales (red).A total of 137properties wereclosed sale in BonitaSprings and EsteroFlorida during themonth of January2013.
Current Bonita Springs Real Estate Inventory and Absorption RatesStatistics were gatheredfrom the Sunshine MLSon February 2, 2013. Single Family Homes-Villas – 11.6 Months (h 1.8 mo.)This is the anticipated Low Rise Condominiums – 10.5 9.6 Monthstime it would take to sellexisting inventory. (h .9 mo.) Mid Rise Condominiums – 19 MonthsSix months is considered (6 .3 mo.)a balanced market. We High Rise Condominiums – 14.8 Monthsdo have a large amountof pending/pending- (h .5 mo.)contingent properties Attached Villas – 8.3 Monthsskewing the marketstatistics so the months (6 2.5 mo.)of current inventory Manufactured Homes – 13.5 Monthswould be far less if they (h .8 mo.)weren’t in the equation.
Did You Miss The Real Estate Boat?Entry Level PricesAre Rising! The Deals Remain in $600,000 and Up Priced Real Estate!
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 January 6, 2013.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 seek independent,professional legal, real estate and financial advice before engaging in anytransaction. All information is deemed, accurate, subject to change and notguaranteed.