Chris Griffith w The Griffith Group w 239-273-7430Downing Frye Realty, Inc. w www.LifeInBonitaSprings.com

chris@LifeInBonitaSprings.com

Feb 1 2013Bonita Spring Estero Real Estate Market Report

Bonita Springs Market Report

Feb 1, 2013

A Decade of Historical Bonita Springs Florida Real Estate Sales

Closed sales have leveled off and are slightly lower than last year but at this time and nearly at the healthy 2004 sales levels.

Sales have been steady and inventory remains rather thin in entry level priced properties under $400,000 which accounts for 77% of sales.

What is The Condition of Bonita Springs Florida Real Estate Sales?How distressed is real estate in Bonita Springs and Estero Florida?

The level of sold foreclosures is close to the lowest it has been since the foreclosure crisis began. Short sales are at very low levels compared to recent months, also.

Foreclosure properties sell quickly and experience multiple offers when they do come to the market.

How Bonita Springs Real Estate is Paid For Cash remains king with about 61% of all real estate closed sales being funded with cash.

For those who are looking for alternative financing such as owner financing or private hard money, the numbers are particularly slim.

What Price Range of Bonita Springs Florida Real Estate is Selling?

City wide, 83% of all closed sales were under the $400K price point. The 600-800K price point accounts for about 5% (+1% from last month) of all closed sales (red).

A total of 137 properties were closed sale in Bonita Springs and Estero Florida during the month of January 2013.

Current Bonita Springs Real Estate Inventory and Absorption Rates

Statistics were gathered from the Sunshine MLS on February 2, 2013.

This is the anticipated time it would take to sell existing inventory.

Six months is considered a balanced market. We do have a large amount of pending/pending-contingent properties skewing the market statistics so the months of current inventory would be far less if they weren’t in the equation.

Single Family Homes-Villas – 11.6 Months(h 1.8 mo.)Low Rise Condominiums – 10.5 9.6 Months(h .9 mo.)Mid Rise Condominiums – 19 Months(6 .3 mo.)High Rise Condominiums – 14.8 Months(h .5 mo.)Attached Villas – 8.3 Months(6 2.5 mo.)Manufactured Homes – 13.5 Months(h .8 mo.)

Did You Miss The Real Estate Boat?Entry Level

Prices Are Rising!

The Deals Remain in $600,000 and Up Priced Real

Estate!

www.LifeInBonitaSprings.comwww.Facebook.com/BonitaSprings www.Twitter.com/ChrisGriffithFL

For More Information about Bonita Springs and Estero Florida Real Estate …

Visit www. LifeInBonitaSprings.com to view market statistics, current listings and to Search for Homes http://lifeinbonitasprings.com/about/search-mls to view real estate market reports from month prior visit: http://lifeinbonitasprings.com/category/bonita-springs-market-report

Statistics were gathered from the Sunshine MLS on January 6, 2013.

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.