Wrapping Up 2017 Bonita Springs Real Estate Stats
Well, 2017 went out with a whimper. Numbers are slightly off due to the ripple effects of Hurricane Irma. The bump in the real estate market is caused by delayed closings, delayed sales, delayed travel plans causing fewer contracts to be written.
Long story short, you can look at the “units sold” graph to see the closed sales are slightly off. It isn’t necessarily a tale of things to come. We’re officially in the heart of tourist season and sales are in full swing. Ninety-nine percent of our properties selling are equity sale. There are only occasional short sales or foreclosures in the real estate market.
The majority of real estate sales in the Bonita Springs area were in the $200,000 to $400,000 price range. Nearly fifty-four percent of the properties were paid for with cash, thirty-four percent of the closed home sales were paid for with conventional mortgages.
Here’s to a peppier January home sales report. There are plenty of sales in the pipeline, already.
If you’d like more information about home sales statistics in your neighborhood call or text Chris at 239-273-7430.