Home Sales Statistics in Bonita Springs Florida
Another great month in the Bonita Springs real estate market. The distressed property sales account for less than two percent of our closed sale inventory of homes and condos and currently less than one percent of our active homes and condos are considered distressed; foreclosure or short sale.
Real estate sales in the Bonita Springs and Estero Florida area has been brisk. We’re in a bit of a slow period … but only for a few weeks. The second half of May and the first few weeks of June are historically slow due to it being graduation season. We’ve not seen the real estate buyers pump the breaks, yet. Surprisingly, the luxury real estate sales have sustained throughout the entire season and into summer.
Units sold, which includes homes, condos, multi-family and manufactured homes, is not far off of trend. Over the next few weeks more sales will be recorded. Properties closed sale outside the are and real estate agents who dragged their feet recording the sale will catch up and the the numbers will be dozens higher. Again, there would me more sold properties if there were more entry level priced homes. At this time there are only seven single family homes available under $200,000 in Bonita Springs and Estero, Florida. Those homes may have age related barriers which keep them from financing with many of the typical loan programs.
Our cash sales range at about 60% and the conventional loans account for about 33% of the closed sales. Rent to own is not popular or necessary in a real estate market as brisk as the Bonita Springs area. Periodically, seller financing presents but it is not frequent.
Sixty-seven percent of the real estate sales in the Bonita Springs and Estero Florida area are under the price of $400,000 and most of those are in the $200,000-400,000 range as the $200,000 and under range is dwindling.
Keep in mind, real estate is local and especially hyper-local. You deserve to thoroughly understand the entire real estate market around your home or condo before you get into a purchase offer/contract. Contact Chris or Angela to learn more about buying or selling real estate in the Bonita Springs area before you arrive. We’ve love to make sure we have time blocked in our calendars to help you with your real estate investment.