Bonita Springs Real Estate Market Update February 2018
The Bonita Springs and Ester real estate market is cooking right along and slowly decelerating into spring. Easter is April 1st this year so we’ll start seeing shutters closing down and more car haulers. We’ve already seen a few car haulers in the usual places along US 41 such as Bonita Bay and Pelican Landing and on Coconut Road at The Colony and Shadow Wood. Some of our seasonal residents are sending their cars back, already. I saw a 1942 woody getting loaded up on a carrier today. What a beauty!
We’ve had record pending sales in the area, no doubt that we were playing a little catch up from the post Irma blip of no sales for a few weeks. Many folks are taking advantage of bargains and, sadly, many home owners in the Bonita Springs area will be carrying their homes into the summer unsold. Price means everything in some neighborhoods and for buyers there is leverage when sellers are not aware of the inventory and their current predicament. It’s all about the numbers so if you’re looking to score a deal search in a neighborhood with the numbers on your side. It doesn’t mean it has to have a lot of inventory. I know of a community with only 2 properties for sale but the rate of sale indicates that there is 17 months of inventory. That’s good for buyers to know! It’s good for that math to accompany your offer to the seller, too.
In all, we’re still running with a fair amount of cash and there are few distressed properties.
For those of you who shopped for homes in Bonita Springs this winter and are thinking of coming back know that very often May and June offer a little bit of a lull so it’s a great time to shop without pressure … or dinner reservations. The city runs a little more fluidly without all of the traffic. Come back and visit us. Know that hotel rates are far more favorable, even at the Hyatt Resort.
If Angela or I can help you buy or sell a home feel free to reach out at any time. Call or text 239-273-7430 to get started today.