Bonita Springs Real Estate Market Update February 2019
This month’s robust real estate market report is brought to you, in part, by the slow January home sales we had due to the government shut down. One thing is for sure and that is that it is cold up north January through March and there are about 8,000 Americans turning 65 every day which has fed a steady supply of home buyers to SWFL.
As you can imagine, the most affordable properties are highly popular with our snowbird home buyer population. Those who aren’t able to secure a rental are known to pick up an inexpensive home or condo to spend the warm winters in Bonita Springs, Florida.
Prices are stable and even rising slightly in some neighborhoods. The rising prices do put a crimp in cash sales and leveraged buyers are applying for conventional loans which is our second largest funding vehicle. We have seen a few owner financing scenarios in the real estate market.
We expect a late departure for our winter guests this year. Easter is April 21 so a substantial amount of the buyers and seasonal residents will linger into May.
If you’d like to learn more about the current real estate market in your community of choice call or text the Griffiths to learn more. 239-273-7430