Bonita Springs Real Estate Market Update June 2017
Can you really get a home at last year’s prices? Yep! It can be done, in the right neighborhood with the right research, the right real estate and and the proper buyer mindset. It's all in the numbers and the numbers are interesting this month! One of the more interesting changes we've seen is the rise in mortgages to cash ratio. We’re seeing more and more financed properties and cash shrinking up. This is caused by the rise in home values. Do you recall a few years ago when we posted graphs with cash transaction registering in the sixty percentile?
We’re still running on vapors in the foreclosure and short sale real estate market. It’s still dripping an occasional property into the system.
Our “units sold” is steady-Eddy but keep this in mind; many of our new construction property sales are not registered in the MLS … and the developers are building like mad. East of 75 we’re looking at building gangbusters in Bonita National, Valencia Bonita and Bonita Landing. So you can imagine there are scads not included in those graphs.
The $200,000-$400,000 price point is the largest segment of the real estate market selling. Keep that in mind when you’re making an offer on a property in that range. I’ll follow up this post in a few days with an article on how to get a good deal in a real estate market moving this quickly. It can be done! Stand by.