Life In Bonita Springs

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Cash Remains King in Bonita Springs Real Estate Sales

Cash talks in Bonita Springs real estate sales.  A whopping 64% of real estate sold in Bonita Springs and Estero was paid for with cash, followed slightly by about 31% of real estate sales paid for with conventional financing.   About 3% of sales were FHA Mortgages and a scant amount was classified as other which could mean a trade or even private money or hard money.  There were no recorded sales that were owner financing. Owner financing in Bonita Springs has just not been popular.

Don’t You Wish Your MinPin Was This Awesome?

This Paddleboard was purchased from Chad at www.SWFLstandup.com.  He rents paddleboards in Bonita Springs, too. He’ll drop them off and even ride along on the tour for safety. We’re graduates now so you’ll notice he’s not lurking around making sure we don’t hurt ourselves anymore.

Real Estate Market Report for Bonita Springs & Estero

Bonita Springs Real Estate Market Report:  What price range of Bonita Springs and Estero Florida real estate sold in July 2012?  About seventy-eight percent of all real estate sales were priced under $400,000.  Why is this important to know?  If you’re selling your Bonita Springs real estate it should interest you to know if real estate in your price range is in a popularly selling range.  If you’re buying real estate you might want to know if the market is moving swiftly or slow for the range your budget is in. 

The Bonita Springs real estate market as a whole is stable.  You’ll notice the graph below indicating a fourth year in a row of fairly stable sales – no huge upswings or downturns.  So when consumers ask “How’s the market?” or when a consumer comes to Estero or Bonita Springs thinking we’re distressed and real estate is not selling, the graph tells the true story.  There is no mistaking the low period of the real estate market, the slow and steady rise, then the consistent, level sales nearly four years in a row.  Didn’t see that one coming, did you?

Bonita Springs Foreclosures & Short Sales 

We had just under 12% foreclosures in Bonita Springs and Estero.  The short sales were at about 8%.  That means that we’ve absorbed a great deal of our distressed properties. We’ve even had fewer short sales and foreclosures in the recent past.  The future will bring a steady drip of the occasional foreclosure or short sale but not a massive deluge as we saw in 2006 and 2007.

With the Bonita Springs foreclosure market dwindling we see multiple offers and lenders accepting cash offers in many circumstances.  The properties often sell within a few days of being listed.

Bonita Springs Absorption Rate

So what does that leave for inventory in Bonita Springs.  The absorption rates of the real estate in Bonita Springs is skewed a bit, as we still have an unusually large number of pending/contingent properties which are counted as active listings until the sale closes.  So the actually estimates of standing inventory is far less than is estimate.

Remember, a balanced real estate market is considered six months of inventory.

Bonita Bay Real Estate Market Report August 1 2012

Bonita Bay real estate sales wrapped up at the end of July showed a fair amount of sales with the most robust amount of real estate sales in the price point over one million dollars.  There were no short sales and no foreclosures that sold in Bonita Bay this month – all sales were equity owned sales. 

The price point of $600-800,000 realized no closed sales in the Bonita Bay Community in the month of July.  The month prior only realized one closed sale in that price point.

For past reports, read also:  Real Estate Market Reports 

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All information is deem accurate, not guaranteed and subject to change.  Check the date on this report for freshness.  If you have questions regarding your particular neighborhood, your street or your home specifically you’re welcome to contact us for a current market report. Real estate consumers that read this website are urged to seek independent, professional legal, real estate and financial advice before engaging in any transaction. All information is deemed, accurate, subject to change and not guaranteed.

Southwest Florida Real Estate Market Report

If You’re wondering what is going on outside of the Bonita Springs real estate market, this is a look at the total of Sunshine MLS which includes both Lee and Collier Counties and an occasional outlying area.  SWFL real estate sales are fairly level while comparing to prior years and, of course, the low time of the market in 2006-2008. 

The foreclosures real estate accounts for about 13% of the closed real estate sales in the Month of July, the short sales accounted for about 14% of the sales in SWFL.

If you’re interested in how the local Bonita Springs real estate market compares to the entire MLS, read also: Bonita Springs Real Estate Market Report 8-1-2012

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All information is deem accurate, not guaranteed and subject to change.  Check the date on this report for freshness.  If you have questions regarding your particular neighborhood, your street or your home specifically you’re welcome to contact us for a current market report. Real estate consumers that read this website are urged to seek independent, professional legal, real estate and financial advice before engaging in any transaction. All information is deemed, accurate, subject to change and not guaranteed.

Manatee at Lover’s Key – New Pass Bonita Springs 

We saw this Manatee while out paddleboarding in the back bay of Lover’s Key.  If you do not see the video above, click: Manatee in Bonita Springs

Hibiscus Flowers in Bonita Springs, Florida

Bonita Springs Paddle Board Gulf Access 

My latest hobby – stand up paddleboarding in Bonita Springs. This shot is on the Imperial River by the Imperial River boat ramp on Tamiami Trail. Gulf Access has now evolved for a motorless vessel light enough for even a middle aged chic to pick up and tote around town.  My trusted dog, Slum Dawg Dillionaire is usually on board, too.

If you’re looking for things to do in Bonita Springs and thinking of trying standup (or even sit down) paddleboarding visit www.SWFLstandup.com and schedule a tour. It’s inexpensive, fun and great exercise.

5 Ways To Give in Bonita Springs Florida

Not sure how to give or be involved in Bonita Springs on a charitable level?  Well, many people aren’t. Recently, I received an message from a friend who was invited to a Facebook fan page for the Project Pinball, a page that supports and promotes a pinball machine rehabilitation project at The Children’s Hospital of Southwest Florida.  He said, “I’m just not into pinball.” I said, “Honey, it’s not about pinball. It’s about little kids with cancer and blood disorders having a distraction from their day to day combat.”  What does a mouse click really cost you?

Some people don’t get it or maybe they haven’t yet developed their benevolence. Maybe they just need to understand that it takes a village.  Everyone can give to charity and sometimes it doesn’t mean opening your wallet or giving hours of time. Sometimes it’s just a mouse click … just a flex of an index finger.

So, if you are wondering how to help or how to get involved in a local, Bonita Springs, Florida charity, here are five easy, low cost ways:

1. Attend and enjoy an event in Bonita Springs. Which event? Pay attention, many of the local events which appear to be “City Events” are created and managed by service organizations such as Bonita Springs Rotary Noon, for example “Taste of Bonita”.

2.  Purchase a few extra items for the Bonita Assistance Office food pantry the next time you go to the grocery store.  Clean out your pantry and donate items you won’t be able to use before their expiration date or those items you may have purchased accidentally.

3.  Volunteer at a local Bonita Springs charitable organization. Many of the local charities operate retail shops or receiving and distribution centers which need manpower. 

4.  “Like” the Facebook fan pages of local Bonita Springs charitable organizations and get involved in the discussion. Knowledge is power so follow them to learn what is going on and what the needs of the community are. It’s free.  Hello? It’s free.  Bonita Assistance, Rotary Club of Bonita Springs Noon.

5.  Donate unused household items to many of the Bonita Springs charitable retail shops for resale. Whether it’s a small kitchen appliance, a sofa, area rug or bedroom set, a local charity will accept it into their storefront and resell or consign the item to fundraise for the charity.