Life In Bonita Springs Florida - Local Info & Real Estate

 

Nov. 18, 2017

Bonita Springs Real Estate Market Update October 2017

Bonita Springs Real Estate Market Update October 2017

Bonita Springs Real Estate Market Update October 2017

We’re back in the swing of things!  This is our first Post Hurricane Irma real estate market report fresh off the heals of everyone having electricity and getting back to work. Our tourist season did begin a bit early this year because many home owners came back early to get to work on their properties or cleaning up their yards.  The city has completed the first “sweep” of storm debris so the whole village is looking tidier without tree debris lined streets.  If you’ve not been in the Bonita Springs area, you’ve been spared the sight.

The home sales are starting to pick up. We’ll have a blip in our closed sales due to nearly a full month of slowed sales simply because it was difficult to show or sell homes due to electric issues or storm related damage.

What we are seeing in the real estate market is slightly less cash. It’s has been shrinking as the price have slowly been rising.  Cash is about 52% of the sales and we have seen a few loan assumptions, owner financing and even VA mortgages which are a great benefit to use on newer homes.  If you’re a veteran I can help you find more information about buying a homes with 100% financing with a VA mortgage.

The distressed real estate sale are only 1 to 1.5% of the real estate market, at this time.  There are few foreclosures and barely any short sales.

The price ranges selling at this time are the 400K and under price point.  Luxury homes are moving at a slightly slower pace, depending upon the neighborhood, of course. A waterfront home in Imperial Shores sell faster than a home in Quail West because there are more homes for sale in the neighborhood.  Scarcity in real estate creates urgency and the values to rise.

If you would like to know more about listing your Bonita Springs home or purchasing in the Bonita Springs or Estero, Florida area call or text Chris at 239-273-7430.

Posted in Market Reports
Nov. 16, 2017

Bird Feeder Rules in Bonita Springs FL Homeowner Associations

 

Feeding Birds in Bonita Springs Homeowner Associations

Recently, I had a potential home buyer ask a question regarding the ability to have a bird feeder at a home located withn a home owner association.  They did not mention the HOA by name so my ability to assist is limited. The Bonita Springs area is about 75% gated and deed restricted and there is one guarantee … every community has different sets of rules. Whether it’s a modest enclave of villas such as Forest Creek Villas or a larger community like Bonita Bay, the rules will be incredibly different.

Bird Feeder Bonita Springs HOABird feeders, of course,  would be an item that falls under specific HOA rules/guidelines.  If having a back yard bird feeder is important to you, you will want to carefully read the HOA rules/guidelines and also call the property management company to double check specifically for that item or issue.  Frequently there are items such as pet weight, parked cars, rental restrictions that not only bear checking but double checking with the person who manages the community or building.

There are a few ways to locate the management company. If you’re working with a real estate agent, your own buyer’s agent, they can access the listing in the MLS and the management company contact phone number is in the “agent facing” side of the MLS.  If you doing homework on your own with regard to finding the answer to pointed HOA information you can visit the community and look at a posting near a common area, clubhouse or swimming pool. For example, Paloma and Hawthorne each have a clubhouse and pool area with a bulletin board near the door.  Often times there is also a plaque reading, for example, Mirasol at Coconut Point is managed by xyz management at 555-555-1212.

Often times, the guard at the house may be able to answer the question with regard to management company contact information.  If the community has a golf and country club you may be able to contact the club to ask who manages the master home owner association.

Finally, most HOA and condo associations are posted on www.Sunbiz.org as well as their board of director members. 

Posted in Buyer Tips
Oct. 31, 2017

Post Hurricane Irma Wish List | Bonita Springs, Florida

 Bonita Springs Hurricane Checklist

Bonita Springs Hurricane Comfort Items

With first-hand experience, the Griffith family and the great members of the Bonita Springs Estero Community Forum were nice enough to help contribute to a list of newly discovered hurricane essential items and conveniences that they wished they had during Hurricane Irma. Most of us replenished our hurricane supplies immediately after the storm.  As soon as UPS trucks were running my Amazon boxes were being dropped off.  The easy to find items were picked up at Home Depot on Bonita Beach Road and Sunshine Ace Hardware store which is also on Bonita Beach Road.

Most items listed below are basic tips for things you may have never considered or items that can be purchased at big box stores and, of course, on Amazon.

  • Bonita Springs Hurricane BatteryTrim your trees, tell your neighbors to trim their trees. Overgrown trees take down power lines, fences and damage homes and cars. We had gone over a decade without a major hurricane so there were some big trees that should have been manicured.
  • Battery operated radio/Eton radio.
  • Fan … most especially a quiet fan; battery operated if you don’t have a generator.
  • Battery back up packs for phones, kindle and tablets. Power banks.  Solar battery backup.  We had several Jackery brand and they were reliable and we didn’t run out of juice.
  • Sweat bands for wrist and head.  Tools, saws, hammers slip when you’re sweaty and trying to get work done.
  • Propane Coleman camping stove with lots of propane. We actually ordered electric coil hot plates from Amazon and used them with the generator.
  • More gas for generators.  What you think is enough isn’t enough. Post storm stations without electric can’t pump.  Stations with gas, didn’t have electric.  People fist fight for gas.  It’s true.
  • Chain/lock up your generator or it will be stolen.
  • Small ice machine to plug into generator.
  • Rope and clothes pins.
  • Buckets to catch water, to catch leaking ceilings, to scoop lake/pool water to flush toilets, to clean up flood water.
  • Cleaning supplies, especially bleach.
  • There were several recommendations for wine, gin, beer, basically any alcohol. ;-) 
  • If you live on a lake hurricane force winds will blow the lake water through your home.  Saw it with my own eyes!
  • Address book and/or Hand written telephone numbers and addresses.  If your phone is dead you can’t retrieve phone numbers or addresses and many of us don’t remember them.
  • Battery lamp – Brooklyn Lantern brand was recommended.
  • Lots of tiny flash lights so everyone can have one. We had the 2 for $9.99 from Amazon. 1 AA battery needed.
  • Work gloves for moving debris. Rubber gloves for moving gross stuff.
  • Water purification straw, tablets, more water.
  • A window a/c AKA wall shaker that could be plugged into a generator.
  • More small bills; $1, $5, $10. It’s cash only when the power is out, but stores are open.
  • Better brand of cooler such as Yeti.
  • A silicone pot cover to put over bath tub drain to keep it from leaking.
  • A kiddie pool with sod in it so the dog can go potty.
  • Wellies/boots.
  • Do every scrap of laundry before the storm.  Sewers back up without electricity.
  • Face mask for dust/mold; surgical mask or dust mask.
  • First aid kit.
  • Glow sticks for safety and to keep little kids occupied.
  • More liquid hand sanitizer, wipe/toilets for the bathrooms and kitchen areas.
  • Hire a home watch service if you are outside of the area.
  • Have at least one 4WD or vehicle with higher clearance per family.
  • Trash bags, yard waste bags and twine to bundle branches.

Bonita Springs Life Post Hurricane Irma

Bonita Springs GeneratorHomes “on the same grid” as shelters get electric first. Communities with underground utilities get electric faster and sometimes don’t lose it. There were Bonita Springs residents who went weeks without power and air conditioning.  That was actually a fast electric restoration in the grande scheme of massive hurricane damage.  It's the rest of recovery that is slow. The trades will run out of materials; screening, roofing materials, glass.  There will be mountains of debris; contents of homes that were flooded and piles of downed trees for months and months after a major hurricane. 

The Griffith family both personally and professionally realized that we should have asked family, friends and clients to not hammer us with phone calls and to not expect us to run errands or check on their homes because having fuel is like having gold.  The phones blew up when we finally got signal. 

Many folks not “living the dream” will quickly but  inadvertently squander your resources … such as depleting battery life and fuel which runs precious generators and cars. Even if the home they wanted us to check had a roof leak or any other issue there is nothing that could have done about it.  The city and the trade workers are rendered unable to function and they are in the same boat the rest of us are in. We also couldn’t download files, photos, screenshots or v-cards so those were useless to receive and just caused our phones to work extra hard draining batteries faster.

To see the full list of regular hurricane items on a hurricane checklist read also:

Ready Your Bonita Springs Home for Hurricane Season and also read this manifesto about storm shutters: Storm Shutters Tips For Your Bonita Springs Florida Home

If you have any items you'd like to add to this list please leave a comment with your tips!

Posted in For The Home
Oct. 18, 2017

Downtown Bonita Springs Riverside Park Calendar of Events 2017-2018

Downtown Bonita Springs Riverside Park Events

Things to Do at Riverside Park Calendar of Events Bonita Springs

The 2017-2018 festival season has already kicked off.  Last week was Taco Fest and the line up is growing. The most recent edition of the calendar of events is posted above and can be saved to your hard drive. If you'd like a keepsake postcard for your fridge, we'll be sending them out in the next few weeks.  Email your name/address with a request and Angela or Jenna will get it in the mail to you.

If you're wondering about the downtown redevelopment project you can visit the website:  www.BonitaSpringsDowntownImprovements.com.   In general, the downtown area looks great where the construction and paving was concerned. There was, however, storm damage and many fallen trees throughout the park area and, of course, Everglades Wonder Gardens.  Currently, the city is using the vacant lots across the street from Benson's Grocery store to process the brush/trees by storing, grinding or mulching it before it is hauled away.  I am not sure if that will effect parking for downtown events, yet.

As always, you can keep up with last minute changes in events like these at Bonita Springs Forum on Facebook Group where all of the locals interact and share events going on throughout Southwest Florida. It's a great way to be a quiet spectator.   We're nearly 6,000 members strong, now!  There are always fun things to do that the members are recommending. Sign up to receive a "snail mail" version of the keepsake calendar post card below:

Oct. 17, 2017

Bonita Springs Real Estate Market Update September 2017

Bonita Springs Florida Sept Market Report

Post Hurricane Irma Real Estate Market Report

Simply put, Hurricane Irma interfered with pending sale and closed sales. We still had a healthy amount of closed sales but there would have been many more had Irma not occurred. Pre-storm there is a freeze on insurance so some closings do not occur. After a storm the lenders and buyers often require a new appraisal photo and/or a re-inspection in order to close.  These tasks require a lot of time so many September closings were pushed to October. So be prepared for a lot of real estate closings in next month’s report.

In all, the September real estate sales echoed the previous month with the $200,000-$400,000 price range leading the way in sales. Our closed sales were paid for with about 55% cash.

Since Hurricane Irma sales have taken off again. First, it’s fall and buyers generally return in September so they were just delayed a little.  Second, those with homes or condos in the area returned early to check their homes and condos.  We’re having an early season. The restaurants are full and, US 41 northbound at Bonita Beach road is backed up every evening two to three traffic light turns to get through. Yes, already.

Going forward, we’ll have a healthy season.  The builders put up a lot of new product over the last few years that “filled the gap” of entry level priced homes which were in short supply.    In all, consider entry level single family homes starting at $200,000 (and needing work and/or updating) and condos around $200,000 (still needing work or updating). There is a little new construction here or there in both condos and homes but they sell quickly.

If you’d like to learn more about the community you already own real estate in or a community you’re thinking of buying in, give me a call to get the latest stats.  239-273-7430  - Chris

Posted in Market Reports
Oct. 12, 2017

Hertz in Estero An Alternative to New Car Buying

Hertz Estero Florida

Buying a Car in Estero or Bonita Springs Florida

One of the most important tools a real estate agent can have is a dependable vehicle. My last vehicle of choice was the Mini Countryman, All4, four door.  Well, it unexpectedly died. It’s terminal.  Rather, it would cost so much more to fix than I am willing to spend.

The part I hated most about what happened next was the hostage situation of purchasing a car without the benefit of “day dreaming about cars” or doing thorough research about the vehicle I would end up in the next several days. Without naming brands I was able to squeeze in a few test drives in between home inspections, buyer showings of homes and a listing presentation. I quickly discovered that cars are expensive. Some of the payments are more than a mortgage payment for a starter home in the Bonita Springs area.

I am always showing homes or running errands to service my listing so I wanted an attractive car.  New would be nice and white would be great.  One of the cars I test drove was a Toyota Rav4. The payment still bothered me and I pouted the entire evening after that test drive.  The next morning I woke up and, for whatever reason, I thought to go to the Hertz website.

The Hertz World Headquarters is in Estero, Florida, just up the road. I recalled that they had a car lot where they liquidated their inventory of rental cars.  To my surprise there was a white Rav4 listed for sale on their website.  We just got through Hurricane Irma and cars were selling quickly due to the flooding so I gave a quick call to verify that it was there.  Minutes later I was in the showroom with Ricky working up paperwork to take it home.  Hertz has no-haggle pricing and on-site financing specialists.

My car buying bar was set pretty low with vehicles. I was shooting for affordable with round wheels that moved from A to B but instead I scored an affordable 2017 model Toyota Rav4 with low miles. I was even able to purchase a six year, 60,000 mile warranty. Oh, and it was white!

I just thought I’d let you all know that there are alternatives to new car buying and you’ll get a great deal by considering Hertz for a car purchase along with new car dealerships. This is especially a good tip for those who are looking for a “condo car” or an inexpensive vehicle for their second home in Bonita Springs, Florida.

Finally, I’m comfortably back on the road and selling real estate in my own car.  All I have to do is think of a name for him, now. 

The Hertz car lot is located in Coconut Point area just North of the entrance to Rapallo and across US41 from Fountain Lakes.

Posted in For The Home
Oct. 7, 2017

Storm Shutter Tips For Your Bonita Springs Florida Home

Storm Shutters in Bonita Springs FloridaStorm Shutter Installation Tips For Bonita Springs Homes & Condos

After Hurricane Irma passed through Bonita Springs in September of 2017, I promised myself that I would write a manifest on storm protection for you, the Bonita Springs home owners and future real estate buyers doing research.  I stayed through Irma and learned a lot before, during and after. I'm certain that I earned a doctorate in Hurricanes from Irma.  It was a monster storm and the Bonita Springs, Estero, Fort Myers area had basically been untouched by storms for over a decade so some people were a caught a little off of the game.

Most heeded the early warning to prepare for the storm but there were still unforeseen complications that home owners and even condo owners ran into during the process of storm prep.  This is a great opportunity to learn from the mistakes of others so that you or your family can avoid being taken out by something as small as a wing nut.  Here are a few hurricane shutter pitfalls that you, as a Bonita Springs home owner, may have never thought about or would think about until you’re in the thick of it.

Tips For Impact Windows in Your Home or Condo

Why would you need tips for impact windows? Aren’t they the best protection?  Well, many homes and condos in the Bonita Springs area have them simply for the ease of dealing with storms and the insurance benefits but there are a few things you may have not considered. First, if you lock yourself out of your home you will need a locksmith to get in because you can’t jimmy a window or even break a window to get in.  Remember, if your power goes out and you left via your overhead garage door … you won’t be getting in. I know locksmiths made a fortune picking front door locks for home owners who left through the garage and didn’t have a house or condo key to get in because their garage door opener is electric and power was out for weeks in some areas.  Second, consider leaving a note taped inside the window that reads that it is impact glass and your cell number.  The authorities will have a way to contact you to verify your safety and looters won’t even start banging on your windows trying to break in.  They could potentially crack or scratch them and it would be expensive to fix.

Manual Storm Shutter Panel Tips For Your Bonita Springs Home

This style of home shutter has a lot of challenges. Make sure you set a calendar alert either on your real “paper” calendar or your Google calendar to check your shutters in May. Checking your shutters should include counting the panels and finding the bag or box with your “wing nuts” and bolts.  You can’t put the shutters on the house without bolts and wing nuts or sometimes it’s a wing nut/washer combination on a bolt.  Simply put, it is impossible to purchase bolts and wing nuts in the middle of a storm crisis.  Do yourself a favor and purchase a small fishing tackle box and clearly label it “wing nuts and bolds for storm shutters”.  Consider tying it or chaining it to something stationary.  If you store it in a bag they will be thrown away or misplaced because they look like a bag of old hardware. 

Consider trading up one or two of your metal panels for clear panels because you are going to want to look outside and your home will be dark as a cave. 

Bonita Springs Storm ShuttersIf the exterior your home has been repainted anytime between the last storm and the next storm it will be incredibly hard to get your storm panel bolt heads into the slot.  They are engineered to not have a lot of wiggle room and one coat of paint is going to make your life tough, two coats require WD40 and a hammer and swear words. Ask me how I know. Buy a couple sets of fabric gloves with the fingers dipped in latex or neoprene so you can grip the small parts and to protect your fingers. You’re going to be scraped and cut to ribbons.  Put the gloves in the tackle box with the storm panel wing nuts and bolts. Tape it shut with blue painters take to keep the curious out of your gear.

If your home is two story and you have manual shutters consider putting on a safer, user-friendly shutter system, at least on the second floor. Finding someone to put them up or take them down for you is a challenge under the gun.  Find someone in May or June and don’t be afraid to put them up days before a storm.  September is usually our dicey month so just know you need the details ironed out before season and you need to double check your resources just before September.

If you've never put the shutters up on your home you might want to try without the threat of a storm to make sure they are all there and some of the panels didn't "walk off". When you take them down number and label them and create a paper directory to go in your hardware box.  Sadly I did hear tales of people who couldn't find their panels or there were panels missing or the home was a foreclosure that didn't come with shutters and they forgot to replace the panels and wing nuts. 

Accordion Shutters Tips for Your Bonita Springs Condo or Home

Many condos and multi-story homes have accordion shutters to reduce the risk of falls from a ladder because they can be closed from inside the home.  Periodically open and close your accordion shutters but beware of wasps. They like to build nests in them.  Most accordion shutters come with a lock.  Those on the second floor of a home or condo will have he lock on the inside for ease of use.  Those on the ground may have a lock on the outside.  Find a way to not lose the keys for the shutters.  I don’t know what the solution is for that but you need to have dozens of keys and keep a few in a safe or jewelry box so they do not get lost.

Service the Electric & Manual Roll-Down Shutters Regularly

Many home owners “set it and forget it” with roll down shutters. They need to be periodically opened and closed to make sure they work.  Finding service when a storm is barreling toward you is nearly impossible. 

Locate your manual hand crank. Even electric shutters have a manual hand crank because  … well, the power will likely go out during a storm so the only way to open your windows will be with a hand crank.  You may be able to get an attachment for a battery operated drill that would also wind up the shutter.  You won’t have A/C so you will need the shutters up to be able to ventilate the residence during the recovery process. Take a piece of paper and label your hand crank “this is a hand crank for the storm shutters, do not throw away”.  Yes, people lose them all the time.

Remember, if you roll down your electric shutter to your front door and you leave through your garage you won't have a way to get in if the power is out for weeks. You may want to reconfigure ingress and egress strategies to your home.

Shuttering Your Home With Plywood or T1-11

There are many homes in Bonita Springs with standard, builder grade windows and no storm protection whatsoever. Some folks just never put shutters on and they’re just rolling the dice with Mother Nature.  These are the home owners who, by default, opt for plywood panels on the windows in the event of an eminent threat. 

Trust me when I tell you that it doesn’t take long for plywood and other plywood-shaped resources to run dry even a few weeks before a storm hits. Not only does plywood become scarce but so does any other type of lumber, paneling, boards, or even fencing. 

The tools and hardware quickly disappears, too.  Saws, drills, drill bits, screw drivers and most importantly Tapcon screws.  If you don’t know what those are, well, you’re going to need them to screw plywood to your home or condo and I can tell you that they probably had a street value higher than some of the most illicit drugs, during Hurricane Irma.  The Home Depot on Bonita Beach Road looked like it was turned inside out.  The shelves were bare and merchandise was just offloaded into carts, never hitting the shelf, for weeks.

Along with planning by collecting supplies and tools you’re going to want to resource actual humans who can put the panels up if you aren’t resourceful or strong enough to do it and to also take them down (and label them) so they can be stored for the next storm.  Do not pay in advance for take-down as a lot of people have hardship or too much work to do after the storm and may not be able to return to finish the job.

Above all things remember that covering windows isn’t going to make you 100% safe. There can be floods and storm surge.  Always remember this:  Hide from the wind but run from the water.  You can download an elevation app for your phone if you don’t know how high you are above sea level.  You never know when you’ll have to head to higher ground so you should probably know your elevation.

If you are a Bonita Springs or Estero, Florida resident and have commentary or ideas to add please leave a comment sharing your ideas or the challenges you ran into getting storm ready.  - Chris

Posted in Buyer Tips
Oct. 6, 2017

A Slice of Life In Bonita Springs When Nobody is Watching

Life In Bonita Springs

Life in Bonita Springs on The Imperial River

Many, many years ago when I was seemingly glued to a camera I took this photo.  I was on the red foot trestle bridge at Riverside Park/Depot Park that connects to Island Park.  This man idled by with his cute little dogs, in his canoe and  he was grinning from ear to ear.  I remember it as clear as day. I thought, this photo is exactly what life is like on the Imperial River.  This is Life In Bonita Springs. Sure there are big boats but there are also old timers just taking their dogs for a putt up the river.

Several years after I took this photo I listed a cottage for sale in Nuttinglikit Grove near downtown Bonita Springs, Florida. A widow was moving to the west coast of the United States to be closer to family.  As with most home sales like this, it is a challenge to coordinate the closing with such a huge cross country move; liquidating personal property, hiring a mover, finding just the right home  buyer who would be a little flexible to help this whole transition happen. 

Somewhere in the midst of this transaction a light bulb came on in my head.  I suddenly recalled taking this photo and finally put two and two together. As luck would have it, I was actually selling the home of the man in the photo and his wife of many years. 

Selling a life long home is difficult  and painful for many families.  Even the adult children who were involved with the move had to deal with the changes, the memories, missing their father.  I wasn’t sure if it would be appropriate or upset them but I had several prints made of this photo and gave them to them.  It seemed to be the right thing to do.  In the photo he was over a decade younger and probably healthier than he’d been the last time they saw him and I felt that they would enjoy this candid slice of his life “when he thought that nobody was watching”.

Today one of the children reached out to see if I could have an 8x10 made of it for them.  I’m going to see if I have a copy with higher resolution and without the water marks stored on one of my storage drives.  This photo is a lower resolution from “postcard style” project I made  for some reason. I guess the idea was heaven sent because I don’t remember even really doing it.

Thanks for driving by with your cute little dogs, at just the right time, Ed.   God speed.

Posted in Around Town
Oct. 5, 2017

Bonita Springs Rec Center | Things to Do With Kids

Bonita Springs Rec Center

Bonita Springs Rec Center | Things to Do With Kids

Did you know that the City of Bonita Springs has a Recreation Center? The Bonita Springs Rec Center is located off West Terry Street on Pine Ave.  There is something for every one at the Rec Center so if you are looking for things to do with kids, this is the place.  

Amenities and features of the Bonita Springs Rec Center include fitness center, community pool, skate park, baseball fields, disc golf course, tennis courts and a playground. Membership is required for to use the Fitness Room, Locker Room/Showers and for Community Pool Activities. Memberships and daily rates are really affordable for an individual annual pass for a property owner the cost is $55.00 and for a non-property owner it is $70.00. A one time day pass is $5.00.

The community pool offers many classes throughout the year as they keep the pool warm all year long. The pool is open Monday-Friday 11:00am-6:30 pm and Saturday 11:00am-6:00 pm. A daily rate is available to non-members Children 17 and under - $1.50 Adults - $2.50 and Seniors 55 and up- $2.00.

The B3 skate park is a great place for the older kids to practice their skateboarding and bike tricks. Skateboard sessions are Monday,Wednesday,Friday 4:00-8:00pm and Saturday 1:00-8:00pm. Bicycle sessions are Tuesday and Thursday 4:00-8:00pm. You must bring your own skateboard or bike as there are no rentals or borrowing of equipment. If you are under the age of 18 a parent or guardian is required to sign a waiver which can be obtained inside the rec center. HELMETS MUST BE WORN AND STRAPPED AT ALL TIMES. An unlimited membership to the skate park is $20.00 a year or you can pay a daily rate of $1.00.

Bonita Springs Rec CenterOur favorite park about the recreation center is the BRAND new playground that was fall of 2017. We absolutely love the new rubber flooring for safer tumbles and falls. They have new climbing equipment for the younger children and more advanced equipment the older children. There is picnic tables for a snack break or lunch in between playtime.

The Bonita Springs library is also on the same street which you can read about here: Bonita Springs Library.  A new library is being build in the Old 41 corridor of Downtown Bonita Springs.

Other great outside activities include the tennis courts, baseball fields and the 9 hole disc golf course that wraps around the lake. There is no charge to use the tennis courts or the disc golf course. You can keep up with the baseball/little league schedule by checking out their Facebook page www.facebook.com/BonitaSpringsLittleLeague.

See you at the Bonita Springs Rec Center! 

To contact the Bonita Springs Parks Department and the Bonita Springs Rec Center: 

Phone: (239) 992-2556

_____________________________________________

About the Author - Jenna Hatfield is a life-long resident of Bonita Springs, Florida and mother of two boys.

Sept. 21, 2017

Bonita Springs Real Estate Market Update August 2017

Bonita Springs Real Estate Aug 2017

August Bonita Springs Real Estate Statistics

This real estate market update is a few days late due to Hurricane Irma. Thanks for hanging in there!  We were slightly off with closed sales in the Bonita SpringsEstero Florida real estate market. The buyers had an unusual vibe this year.  From my experience as a listing agent I can tell you that buyers were throwing out low offers and walking away if there was a counter offer because they felt they had the time to test the market. I can also share that since the hurricane has passed we have had buyers back in force.

It was a bumpy ride into mid-September but those who are savvy enough to calculate closings on a calendar know that if they are buying with a mortgage or even if they pay cash but are buying in an HOA or Condo association there will be 30 days to wait to process the application or transaction.  For those who intend on wintering in Bonita Springs they’re either locking down or on the verge of locking down their housing.

The car haulers are back in town already and things are moving again.  The numbers will be interesting next month.  We will be down one week of shopping time due Irma.  This month the units sold is slightly off. You can download the graphs by clicking on the photo album. Our distressed sales are still about 1.5% of the real estate market, or less. There is no rhyme or reason to foreclosures as the handful of them were sprinkled from The Colony to Vasari to Fountain Lakes.

The homes and condos that did close sale were paid for mostly with cash – 54% followed by conventional mortgages – 35%.  Of those homes and condos that closed sale a whopping 69% of them were priced under $400,000.  Entry level priced properties are ruling the market.

Next month’s numbers should really be interesting with this storm mixing things up. 

If you’d like to learn more about buying or selling a homes in this unusual Bonita Springs real estate market give Chris or Angela a call/text at 239-273-7430.

Posted in Market Reports