Bonita Springs Estero Real Estate Market Reports May 2022
Here’s the latest and greatest … the May 2022 Bonita Springs market report. The stats include home sales in Bonita Springs/Estero for the month prior.
Again you’ll notice barely any foreclosures hitting the market. They’re still out there but it’s more like a dripping faucet. The market is outstanding so many people who are in forbearance or pre-foreclosure have the opportunity to catch up on payments, sell their property or employ other legal matters to buy time.
Units sold is down this year over last year simply because there is very little inventory. We’re seeing a break in the population but no break in home sales. Virtual buyers and sight unseen buyers are still in the real estate market so don’t think for one moment that fewer people means less competition. If it’s the right house in the right neighborhood a buyer may still be out there and scoop you!
The eighty percent of homes and condos sold in Bonita Springs and Estero are priced under $800,000 and there really aren’t many to go around, at that. Seventy-one percent of the homes and condos sold in Bonita Springs and Estero were paid for with cash, followed by conventional mortgages.
We occasionally have a VA and FHA mortgage go through but it is a challenge to get mortgages accepted in multiple offer situations. We do have a plan for that so if you’d like to learn more about flexing your VA benefits give us a call. 239-273-7430
Here are the graphs for Bonita Springs Real Estate Sales in May 2022.