Bonita Springs FL Real Estate Update May 2020 Stats

Bonita Springs FL Real Estate Update May 2020 Stats

Well, we’re still working away down here in Bonita Springs and believe it or not real estate is still selling.  We have a wide variety of real estate, homes and condos, under contract and the price ranges run the spectrum. We’ve modified sales practices and have found some new great tools to help buyer see homes from afar.  Those tool also help weed out buyers who maybe weren’t the best candidates for the home or condo to begin with.  Plus, it really dials in the knowledge base of the property so it’s super focused and a better fit is determined before even breaching the threshold.

All that being said, here’s the stats on the latest sales of real estate in Bonita Springs and Estero Florida. The only big surprise is closed sales being down.  If you back track 30 to 60 days before May it’s right when the shut down happened so there were a few weeks when there really weren’t a lot of home buyers out there plus there were a lot of buyers who negotiated longer closings because they weren’t here and unsure of when they would be able to travel. I still have three sales pending where the buyers still haven’t physically seen the home/condo and the seller needed a longer closing so they could afford the ability and time to shop for a replacement home (that was out of state in a shut down state). 

What I can tell you about pending sales in the last several weeks is that every week the Downing Frye pending sales contract exceed the prior year’s pending sale … evening with all the shenanigans going on.  Long story short – 8,000-10,000 Americans are turning 65 every day and we are feeling the pressure of people needing homes to live in down here.

So, we still have few foreclosures, few short sales and if a home or condo is priced correctly it will sell.  What is really selling is any home or condo priced under $400,000.  That’s about 70% of our sales.  Three of my last five contracts have resulted in multiple offers.  Clean contracts, great terms for the seller and no nonsense should be employed when placing offers these days.

If we can help you buy a home in Bonita Springs Florida or list your home for sale in Bonita Springs, call or text 239-273-7430. We are experienced Realtors in Bonita Springs and would love to help you establish roots in Southwest Florida.