Bonita Springs Real Estate Statistics & Out Look
The home prices of real estate in Bonita Springs have leveled off and slightly adjusted in a few communities around SWFL. Just coming off of elections jitters we’ve seen an uptick in buyers who are also watching interest rates adjust. We’ll undoubtedly see a bump in buyers who are interested in purchasing to stay the winter or who are interested in purchasing before the rates bump again. Homes in Bonita Springs are purchased mostly with cash, about half. The rest of the homes are financed so interest rate hikes will have an influence on home purchases in the spring.
Distressed Real Estate Bonita Springs
The Bonita Springs and Estero area properties for sale and recent closings reflect few distressed properties. That means that there are few short sales and few foreclosures. If you have a desire to purchase either in the Bonita Springs area know that they do not “bargain basement” those properties. They are sold at market value and underpriced to stimulate bids which can sell them over value.
Entry Level Prices Above 200K
The $200,000 to $400,000 price range is still leading the pack. Single family homes priced under $200,000 are nearly non-existent. There are currently five properties on the real estate market in Bonita Springs within that budget.
If you are a home buyer or a home seller keep this one fact in mind. With the election jitters there was a slowing in homes for sale combined with pricing at premiums so inventory may have built up in some neighborhoods. Calculate an absorption rate before listing or purchasing a home, especially if the home is priced at the higher end of it’s value.
To learn more about buying or selling a home in Bonita Springs contact Chris or Angela at 239-273-7430