Bonita Springs Real Estate Market Report
Here’s the latest and greatest news for the Bonita Springs real estate market. The following statistics were collected on 9-13-14 and include information regarding short sales, foreclosures and equity sales in Bonita Springs and Estero Florida. In the month of August 2014 there was only one short sale recorded. Prices have going up so far fewer home owners are under water and able to sell their homes to cash flow.
Historical Bonita Springs Home Sales
Notice the decade of recovery on the graph. Ten years of Bonita Springs home sales has shown increased sales since the downturn and a leveling off in 2014. New home construction is now a competing factor in the real estate market. Not all new product sales are included in these statistics.
Price of Bonita Springs Homes Sold
For a few months we’ve seen Bonita Springs home sales in the 200-400K price range out sell the 200K and under price point, mostly because the bottom is coming up. As the entry level real estate sells off the affordable real estate prices are rising. Nearly 50% of all Bonita Springs real estate sales are in the $200-400K price range.
How Bonita Springs Homes Are Financed
Bonita Springs real estate trends continue showing cash as king. Sixty-two percent of sales are cash funded followed by conventional mortgages. A hand full of properties were financed with FHA, VA and "Other" which could be 1031 exchanges, trades or private financing or hard money.
If you are interested in a printable file of the Bonita Springs real estate market reports, click here: