You can see the Bonita Springs real estate market has kept pace since the downturn. The units are likely higher than 180 for 2014 as some sales don’t get recorded until a few weeks after closing. Expect that number to be higher in a few weeks.
We ran a slightly cash heavy real estate market this month. We’re at about 63% cash transactions followed by 30% conventional mortgages. Cash is still moving this real estate market upward.
So, how distressed is Bonita Springs Florida real estate sales? Well, this is a look at current LISTINGS, actively for sale. We have less than 4% distress homes in our market place. The prices have gone up so there are fewer short sales and there are only about 2.4% foreclosures. So, if your dream is to buy a Florida foreclosure you only have a sliver of a chance to get one in your price range, banks are no longer entertaining low ball offers, there are multiple offers on foreclosures and they usually get listed a little under market price to generate a bidding war. Go forth and get your foreclosure.
This is what the closed sale, real estate transaction for November looked like on December 6 2014. The mad dash to close those foreclosures by the end of the year is on. Wow, what a difference a month makes in this type of distressed property arena.
If you have pointed questions about your own neighborhood or need advice purchasing or selling real estate in the Bonita Springs and Estero Florida area call Chris at 239-273-7430. Chris is an accredited buyers agent, certified residential specialist and an accomplished strategist when it comes to buying and selling real estate in southwest Florida. To download the November 2014 market report graphs, Click Here