Bonita springs florida real estate market report may 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 May 2012 Including Estero, Florida

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Bonita Springs Florida Real estate information regarding closed sales of homes and condominiums in Bonita Springs and Estero, Florida.

Transcript of Bonita springs florida real estate market report may 2012

Page 1: Bonita springs florida real estate market report may 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 May 2012 Including Estero, Florida

Page 2: Bonita springs florida real estate market report may 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.

Sales have been steady and inventory is currently slim, especially in entry level priced properties.

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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-six percent of closed real estate transactions are for equity owned real estate which means no bank involvement.

The level of sold foreclosures is at the lowest in years.

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What Price Range of Bonita Springs Florida Real Estate is Selling?Statistics were gathered from the Sunshine MLS on June 7, 2012.

A total of 248 properties were closed sale in Bonita Springs and Estero Florida during the month of May 2012.

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Current Bonita Springs Real Estate Inventory and Absorption Rates

Statistics were gathered from the Sunshine MLS on June 7, 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 Homes-Villas – 10.93 Months

Low Rise Condominiums – 9.07 Months

Mid Rise Condominiums – 11.74 Months

High Rise Condominiums – 18 Months

Attached Villas – 9.54 Months

Manufactured Homes – 11.78 Months

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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 June 7, 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.

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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 May 2012 Including Estero, Florida