Bonita Springs Home Sales Statistics Feb 2016
If you’ve been actively searching for homes in Bonita Springs this winter you’ve probably noticed a few of the obvious changes. There is little inventory, there is a lot of cash in the market and the market is slowing slightly. Now, there isn’t a dramatic shift but hasn’t gone unnoticed that buyers are shopping carefully before engaging in the purchase of a home or condo.
Real life real estate experiences that I’ve noticed are homes for sale which are seemingly priced appropriately for the market garner significant sales traffic however the buyers may not make an offer on the home, or worse, a significantly low offer on the property. This means that Bonita Springs home sellers have to sharpen their pencils and make sure their properties are in top condition before listing them.
In some Bonita Springs neighborhoods there is a unique phenomenon going on where homes are getting listed “based on the neighbor’s list price”. For example, two homes identical in floor plan but one has granite counter tops – the first is listed at $350,000 and the home with granite is listed at $375,000. It really is that obvious, sometimes.
Bonita Springs Distressed Real Estate
Our distressed properties have slowed considerably partly due to the improved sale prices in SWFL. Many of the homes in Bonita Springs which were under water are now considered equity owned and able to sell without bank involvement or debt forgiveness. Foreclosures pop up from time to time but they are few and far in the Bonita Springs and Estero Florida areas.
Bonita Springs Home Sales Volume
The volume of units sold in the Bonita Springs area is down slightly and that is due to lack of inventory. If there were more affordable homes for sale in Bonita Springs they would undoubtedly sell. At this time there are only about a half dozen homes for sale under $200,000. Those looking for homes in that price range my find opportunities in San Carlos Park and Caloosa Trace in South Fort Myers, Florida. Seventy percent of the home sale in Bonita Springs and Estero, Florida are under the price point of $400,000 and the majority of those sales are in the $200-400,000 range.
What Price Homes Sell in Bonita Springs?
If you are looking for guidance in this downshifting real estate market contact Chris Griffith at 239-273-7430. There are specific equations that will help you make sense of the real estate market, whether you are a buyer or a seller. Buyers can benefit from knowing the specific inventory absorption rate so they do not over pay for their real estate. Sellers can also learn how to not list too aggressively and waste precious marketing time.
Download the complete, printable PDF package of Bonita Springs and Estero real estate market graphs here: Bonita Springs Market Reports Feb 2016