Bonita Springs FL Real Estate Update Jan 2020 Stats
We’re humming right along this tourist season. The Bonita Springs housing market is stable and not showing signs of dramatic changes. It’s a fairly level and predictable market. The sales rate in units has been consistent in resale homes for sale. The competition for resale properties under 500K remains new construction that is happening east of 75 on Bonita Beach Road and in the Corkscrew corridor in Estero, Florida. Like any real estate decision there are pros and cons to both new construction and resale homes.
The 200K-400K price point remains competitive as it remains our ‘entry level’ price for single family homes and condominiums. The builders realize that is the sweet spot, too, which is why they are pumping out the product.
These graphs are mostly resale homes. There is a whole shadow inventory of new construction closed sales that aren’t run through our local MLS. Properties in Seasons at Bonita, Valencia Bonita and Bonita National, for example. Tons of new product out there!
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