Bonita Springs Florida Real Estate Market Report March 2012

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Chris Griffith w The Griffith Group w 239-273-7430 Downing Frye Realty, Inc. w www.LifeInBonitaSprings.com Bonita Springs Real Estate Market Report March 2012 Including Estero, Florida

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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. There were several additional sold (*228 total) properties recorded after the report was completed.A few additional closings were recorded after the March 2012 market report was a complete.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 eighty-five percent of closed real estate transactions are for equity owned real estate which means no bank involvement. Southwest Florida isn’t drowning in as many 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 April 4, 2012. A total of 228 properties were closed sale in Bonita Springs and Estero Florida at that time. (at the time data collected)Current Bonita Springs Real Estate Inventory and Absorption Rates*Statistics were gathered from the Sunshine MLS on April 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 March 2012

Page 1: Bonita Springs Florida Real Estate Market Report  March 2012

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

[email protected]

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

Page 2: Bonita Springs Florida Real Estate Market Report  March 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. There were several additional sold (*228 total) properties recorded after the report was completed.

A few additional closings were recorded after the March 2012 market report was a complete.

Page 3: Bonita Springs Florida Real Estate Market Report  March 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 eighty-five percent of closed real estate transactions are for equity owned real estate which means no bank involvement.

Southwest Florida isn’t drowning in as many foreclosures as reported in the media.

Page 4: Bonita Springs Florida Real Estate Market Report  March 2012

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

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

A total of 228 properties were closed sale in Bonita Springs and Estero Florida at that time. (at the time data collected)

Page 5: Bonita Springs Florida Real Estate Market Report  March 2012

Current Bonita Springs Real Estate Inventory and Absorption Rates

*Statistics were gathered from the Sunshine MLS on April 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 12.4 Months

Attached Villa Homes 9 Months

Low Rise Condominiums 11.4 Months

Mid Rise Condominiums 11.9 Months

High Rise Condominiums 21 Months

Manufactured Homes 12 Months

Page 6: Bonita Springs Florida Real Estate Market Report  March 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  March 2012

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

[email protected]

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