Real Estate Market Report for Bonita Springs & Estero
Bonita Springs Real Estate Market Report: What price range of Bonita Springs and Estero Florida real estate sold in July 2012? About seventy-eight percent of all real estate sales were priced under $400,000. Why is this important to know? If you’re selling your Bonita Springs real estate it should interest you to know if real estate in your price range is in a popularly selling range. If you’re buying real estate you might want to know if the market is moving swiftly or slow for the range your budget is in.
The Bonita Springs real estate market as a whole is stable. You’ll notice the graph below indicating a fourth year in a row of fairly stable sales – no huge upswings or downturns. So when consumers ask “How’s the market?” or when a consumer comes to Estero or Bonita Springs thinking we’re distressed and real estate is not selling, the graph tells the true story. There is no mistaking the low period of the real estate market, the slow and steady rise, then the consistent, level sales nearly four years in a row. Didn’t see that one coming, did you?
Bonita Springs Foreclosures & Short Sales
We had just under 12% foreclosures in Bonita Springs and Estero. The short sales were at about 8%. That means that we’ve absorbed a great deal of our distressed properties. We’ve even had fewer short sales and foreclosures in the recent past. The future will bring a steady drip of the occasional foreclosure or short sale but not a massive deluge as we saw in 2006 and 2007.
With the Bonita Springs foreclosure market dwindling we see multiple offers and lenders accepting cash offers in many circumstances. The properties often sell within a few days of being listed.
Bonita Springs Absorption Rate
So what does that leave for inventory in Bonita Springs. The absorption rates of the real estate in Bonita Springs is skewed a bit, as we still have an unusually large number of pending/contingent properties which are counted as active listings until the sale closes. So the actually estimates of standing inventory is far less than is estimate.
Remember, a balanced real estate market is considered six months of inventory.
|Single Family Homes & Villas||9.7 Months|
|Low Rise Condos||9.2 Months|
|Mid Rise Condos||12.6 Months|
|High Rise Condos||13.8 Months|
|Attached Villa Homes||8.03 Months|
|Manufactured Homes||13.3 Months|
Feel free to call or email if you have any questions about the Bonita Springs real estate market reports 8-1-2012
All information is deem accurate, not guaranteed and subject to change. Check the date on this report for freshness. If you have questions regarding your particular neighborhood, your street or your home specifically you’re welcome to contact us for a current market report. Real estate consumers that read this website are urged to seek independent, professional legal, real estate and financial advice before engaging in any transaction. All information is deemed, accurate, subject to change and not guaranteed.