Bonita Springs Real Estate Statistics Aug 2014
This is a decade of sales that occurred during the month of July for the past 10 years. Note the recovery since July of 2006. Real estate sales have steadily increased since 2007. The sale in July 2014 are consistently more stable.
For the fifth month in a row Bonita Springs real estate has sold mostly in the $200,000-400,000 price range. It is out selling the $200,000 and under price point due to the bottom selling off and that price point of real estate diminishing from the bottom up.
The condition of Bonita Springs and Estero real estate is mostly equity, meaning it is not a short sale or foreclosure. This month there were few short sales but a slight bump of foreclosures. It’s simply due to the swift real estate market moving and foreclosures often being price well. The foreclosures are priced well, however, they often see multiple offers and sell over list price. The short sale are fewer because prices are rising and fewer home owner are “under water” so they are able to sell their real estate and cash flow.
Bonita Springs real estate is financing mostly with cash. We’ve been a cash heavy real estate market for sometime now. Financing, if chosen, is mostly conventional. The mortgage underwriting process is still not without it’s challenges, especially in condominium complexes. If you’d like a referral for a competent mortgage broker to get your real estate transaction closed, call or text Chris Griffith 239-273-7430.