Bonita Farms and Heitmans Market Reports
This real estate market report is for the Imperial River East area which includes Brendan Cove, Paradise Village, Bonita Farms, Heitmans, Plan of Riverside, Nuttinglikit Grove, Serrano, Penn Dell Park, Arbel, Palmesta, The Sanctuary, Richview, Edenbridge amongst a few other neighborhoods and pocket condo complexes. This report covers the BN08 area which is has the boundaries of Bonita Beach Road, US 41, West Terry Street and Old 41 Road.
Much like the rest of Bonita Springs, Imperial River East has a fair amount of cash in the market. – about 57% of sales closed with cash, followed by 28% conventional mortgage.
At this time 100% of all listings are equity which means there are no foreclosure or short sale properties listed in BN08. This indicates a very stable and recovered real estate market.
All sales that occurred in Imperial River East were under the $600,000 price point. City wide 86% of all home and condo sales occurred in the $600,000 and under price point. The moral of those statistics is that if you have a home for sale in Bonita Springs, Florida and it is priced over $600,000 you could accrue some market time before it sells. If you’re buying a gulf access home in the $600,000 price range or higher there may be bargaining power so make sure you get an absorption rate for your home style and price range before placing an offer. If you are a home seller you should have an absorption rate for your home price and style so you can gauge the market time it will take for your home to sell.
If you have questions about buying or selling your home in the BN08 area of Imperial River East contact Chris and Angela Griffith at 239-273-7430. The Griffith Girls live, work and play in Bonita Farms and Heitmans neighborhoods.