Here’s the Bonita Springs real estate report for the month ending February 2014. This winter tourist season in Bonita Springs and Estero has been robust, actually down right crazy. The streets are packed with tourists and seasonal winter residents. As a result, real estate sales are on fire in southwest Florida. Here’s the latest and greatest real estate sales numbers as calculated on March 5, 2014.
Historical real estates sales in the Bonita Springs and Estero Florida area are leveled out. We’ve seen an absorption of the entry level priced real estate. Affordably priced homes and condos that hit the market are gone within days, with multiple offers and they often close at or over list price.
You’ll notice that for the first time in a while the 200-400K price range has had more sales than real estate priced 200K and under. This is due in part to the vanishing inventory and the entry level price of real estate in Bonita Springs rising.
How is real state in Bonita Springs funded? Cash is king this winter! Nearly 70% of our sales are paid for with cash, followed by conventional financing.
The overall condition of Bonita Springs home and condo sales is equity owned, meaning that it is not a foreclosure or a short sale. Our real estate market is healthy. There are few, if any distressed real estate markets in the Bonita Springs and Estero Florida areas.
We will continue to see a small drip of short sale or foreclosure properties in the near future but for the most part, when the flood gates opened up in 2006-2007 we bore the brunt of the housing downturn then.
If you’d like more pointed information about the real estate market in the price range you’re searching or the neighborhood you’d like to buy or sell a home in, contact Chris Griffith by phone or text at 239-273-7430. You can also set up a search on this website and be automatically notified of new listings, price reductions or properties that come back onto the market as they happen. Sign up here: Bonita Springs Real Estate Search