Bonita Springs, FL Real Estate Update Sept 2019 Stats
Seventy percent of the sales in the Bonita Springs and Estero Florida area are under $400,000. What that means to you as a home buyer is that the closer you are to zero the more competition you have when looking at homes and placing offers. Depending upon the neighborhood and the size/style of the property there could be fierce competition. Keep in mind that if you come to town to look at homes or condos to purchase and you look at seven units you will easily see the spectrum in quality and condition of the home for sale. If you see one gem in the bunch you need to recognize that there are other home buyers in Bonita Springs who are also looking and when they see the gem they will pounce before you have a chance.
Now, some neighborhoods have inventory and choices and there isn’t urgency so it is important to understand what the real estate market conditions are for the type of home or condo you are going to buy.
We are still seeing a lot of cash in the real estate market but it has been higher. We have few FHA and VA mortgages here partly due to the loan limits and the fact that some of the affordable homes in the area may be low lying and require costly flood insurance or the homes are in need of repair and do not quality for the loan program.
If you’d like to learn more about purchasing a home in the Bonita Springs area reach out to Angela via call or text at 239-727-7599. If you’re interested in listing your home for sale call or text Chris at 239-273-7430.