Bonita Springs Home Sales Statistics
We’ve closed the real estate books on 2014 and went out with a bang. Continuing the trend, the 200-400K price range outsold the 200K and under price point only because the bottom inventory is continually selling off driving home and condo prices in the Bonita Springs and Estero Florida areas up. This makes for an improving real estate market, stabilization of distressed property inventory.
Historical Bonita Springs Home Sales
Usually, I compile a decade of closed sales, however, seeing that there were 289 closed sales (at the time of data collection) I felt there may be real estate consumers, like me, who were curious about 2004. Remember the great real estate boom? I wanted to share how 2014 closed sales compared to 2004 closed sale in the month of December. 2014 officially conquered 2004 in unit sales.
Distressed Home in Bonita Springs Estero
Let me preface the information on the graph above because I believe the amount of closed foreclosure sales in Bonita Springs and Estero represent the lending institutions rush to close properties by the end of the 4th quarter of the year to record the assets. The 4th quarter closed foreclosures is about double what was on trend and does not indicate an increase in local foreclosures for sale.
Foreclosures Short Sales Bonita Springs
You’ll notice that comparing this graph of active real estate to the closed sale is a reflection of the expected trend and is a sneak peek into the future of closed sales, equity, foreclosures or short sales. The active real estate market in Bonita Springs and Estero Florida is only about 4% distressed listings.
How Bonita Springs Homes are Financed
Cash home sales continue to trend highly followed by conventional mortgages. FHA and VA mortgages represent a fraction of the closed sales partly due to the swiftness of the market and the cash transactions championing multiple offer situations. Also, entry level priced homes in Bonita Springs and Estero are experiencing low inventory. There just aren’t many homes available at this time. There are only 20 homes for sale under $200,000 and only 6 of those homes are three bedroom or larger.
If you are curious about cash transactions in other southwest Florida cities: Cape Coral 43% cash, Naples 62% cash, Fort Myers Beach 82% cash, Fort Myers 60% cash, Lehigh Acres 39% cash, Marco Island 55% cash, Pine Island/Matlacha 72% cash.