Bonita Springs Florida Real Estate Market Report - February 2012

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Griffith Downing Frye Realty, Inc. 3-7430 [email protected] Bonita Springs Real Estate Market Report February 2012 Including Estero, Florida

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http://lifeinbonitasprings.com/category/bonita-springs-market-report A Decade of Historical Bonita Springs Florida Real Estate Sales We’ve come full circle … observe the leveling off of Bonita Springs and Estero Florida real estate sales. The end of the month of Feb 2012 was a Friday and a leap year so close sales will likely be slightly higher. What is The Condition of Bonita Springs Florida Real Estate Sales? How distressed is real estate in Bonita Springs and Estero Florida? Many consumers are surprised to learn that about seventy-five percent of closed real estate transactions are for equity owned real estate which means no bank involvement. We aren’t drowning in foreclosures as reported in the media. What Price Range of Bonita Springs Florida Real Estate is Selling? Statistics were gathered from the Sunshine MLS on March 4, 2012. A total of 143 properties were closed sale in Bonita Springs and Estero Florida at that time. Current Bonita Springs Real Estate Inventory and Absorption Rates Statistics were gathered from the Sunshine MLS on March 4, 2012. This is the anticipated time it would take to sell existing inventory. We’ve made strides in leaps and bounds. 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. 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 March 4, 2012. 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.

Transcript of Bonita Springs Florida Real Estate Market Report - February 2012

Page 1: Bonita Springs Florida Real Estate Market Report - February 2012

Chris Griffith Downing Frye Realty, Inc.239-273-7430 [email protected]

Bonita Springs Real Estate Market Report February 2012 Including Estero, Florida

Page 2: Bonita Springs Florida Real Estate Market Report - February 2012

A Decade of Historical Bonita Springs Florida Real Estate SalesWe’ve come full circle … observe the leveling off of Bonita Springs and Estero Florida real estate sales.

The end of the month of Feb 2012 was a Friday and a leap year so close sales will likely be slightly higher.

Page 3: Bonita Springs Florida Real Estate Market Report - February 2012

What is The Condition of Bonita Springs Florida Real Estate Sales?

How distressed is real estate in Bonita Springs and Estero Florida?

Many consumers are surprised to learn that about seventy-five percent of closed real estate transactions are for equity owned real estate which means no bank involvement.

We aren’t drowning in foreclosures as reported in the media.

Page 4: Bonita Springs Florida Real Estate Market Report - February 2012

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

Statistics were gathered from the Sunshine MLS on March 4, 2012.

A total of 143 properties were closed sale in Bonita Springs and Estero Florida at that time.

Page 5: Bonita Springs Florida Real Estate Market Report - February 2012

Current Bonita Springs Real Estate Inventory and Absorption Rates

Statistics were gathered from the Sunshine MLS on March 4, 2012.

This is the anticipated time it would take to sell existing inventory. We’ve made strides in leaps and bounds.

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 & Villa Homes 12.1 Months

Attached Villa Homes 8.2 Months

Low Rise Condominiums 11.2 Months

Mid Rise Condominiums 10.2 Months

High Rise Condominiums 21.7 Months

Manufactured Homes 14.4 Months

Page 6: Bonita Springs Florida Real Estate Market Report - February 2012

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 March 4, 2012.

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.

Page 7: Bonita Springs Florida Real Estate Market Report - February 2012

Chris Griffith Downing Frye Realty, Inc.239-273-7430 [email protected]

Bonita Springs Real Estate Market Report February 2012 Including Estero, Florida