Bonita Spring Real Estate Financing
Believe it or not the the "cash" figure is low this month for Bonita Springs real estate sales. The Bonita Springs area has been experiencing over 70% cash transactions in the recent past. Conventional mortgage accounts for the second largest funding source of real estate.
Bonita Springs Distressed Real Estate
This month had a few percent more than months prior. Our distressed real estate market is evaporating, the under water homes have slowly come above water. The foreclosures have sold off and we have fewer short sales than ever.
Historical Real Estate Statistics
We're keeping pace with units sold in the 2005 boom year. Prices have continued to climb. As a result there are fewer choices in the 100K and under price point. It is a matter of time before there is no real estate for sale under 100K. At time of publication there were only twenty-two listings of homes and condos under $100K, excluding manufactured homes.
Bonita Springs Real Estate Prices
This is only the third month in a row that the $200-400K price range has out paced the $200K and under price point ... because the 100K and under price point of real estate is vanishing. What this means is that in the $400K and under price point it is certainly a sellers market. It is not uncommon to see multiple offers on well priced real estate, especially if it's in good condition,
If you have questions about the local Bonita Springs real estate market or a specific local neighborhood feel free to call or text Chris at 239-273-7430.
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.