Bonita Springs Real Estate Market Report November 2012

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Chris Griffith w The Griffith Group w 239-273-7430 Downing Frye Realty, Inc. w www.LifeInBonitaSprings.com Southwest Florida Real Estate Market Report November 2012

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This is a SWFL real estate market report that includes Bonita Springs real estate and Estero Florida real estate, also. This report is a little broader than I usually prepare. Occasionally, I speak publicly about the state of the SWFL real estate market and this report was prepared for a speaking engagement in Naples Florida in November 2012. Should you have any questions regarding this Bonita Springs real estate market report or attending a real estate market event contact Chris Griffith 239-273-7430. This report is hosted on www.LifeInBonitaSprings.com/Articles and distributed on the social media site www.LifeInBonitaSprings.net

Transcript of Bonita Springs Real Estate Market Report November 2012

  • 1.Southwest Florida Real Estate Market Report November 2012 Chris Griffith w The Griffith Group w 239-273-7430Downing Frye Realty, Inc. w www.LifeInBonitaSprings.com [email protected]

2. Selling Your Home Where Do You Start? Pick a Real Estate Agent 3. Selling Your Home Where Do You Start? Pick a Real Estate Agent Take a Stab at a Random List Price 4. Selling Your Home Where Do You Start? Pick a Real Estate Agent Take a Stab at a Random List Price Strap in and Hope For The Best 5. Have YouTried SellingReal Estate Lately? 6. You Should Expect and Demand DataKeep Interviewing Agents Until You Get This Data: Historical Sales Statistics Foreclosure, Equity, Short Sales Stats What Price Range is Selling Stats Absorption Rate Inventory Stats A Comparative Market Analysis Suggested Listing Price Expected Sales Price Marketing Plan Drilled Down to The Neighborhood or Street 7. A Decade of Historical SalesThe The Good News! Novembersales history for aten year periodshow a dip ofsales and the selloff of existinginventory leading917tothestabilizationofthe market.Weve come fullcircle observethe leveling off ofLee and CollierCountyFloridareal estate sales. 8. Over 73% of Sales Are *NOT* Considered DistressedHow distressed is realestate in SouthwestFlorida?Many consumers aresurprised to learn thatover seventy-fivepercent of closed realestate transactions arefor equity owned realestate which meansthere is no bankinvolvement.Southwest Florida isntdrowning in as manyforeclosures asreported in the media. 9. Every Price Range Sells(Even in the Summer)Proper pricing iscritical especially ifyour home price isin a slim margin.A total of 917properties wereclosed sale in SWFLat the time thedata was collected.$400K and underhas lead the packfor years. 10. Absorption Rate For Lee & Collier CountiesThe absorption rate helps determine exactly how much inventory - competition is out there and helps gauge estimated time on market.8,749Active 1,29711,627Pending Total1,581ActivePend/C Listings13,837Closed SalesOne Year 12Months=1153Rate11,627 Total ActiveListings 1153 Rate=10.1 Months of InventorySix Months of Inventory is Considered a Balanced Market 11. Six Months Ago Inventory & Absorption RatesThis is the anticipated time itwould take to sell existing Single Family & Villa Homes 12.2 Monthsinventory. Our market isstabilizingandevenundersupplied in select Attached Villa Homes 9.8 Monthsmarkets.Low Rise Condominiums 12.1 MonthsSix months is considered abalanced market.Mid Rise Condominiums17 MonthsPricing real estate is ascience and statistics dontHigh Rise Condominiums 21.4 Monthslie. There is no time toprice fish if your goal is to Manufactured Homes 14.2 Monthssell your real estate in 30 to90 days.*Statistics were gathered from the Sunshine MLS on March 2012. 12. Current SW Florida Real Estate Inventory & Absorption RatesThis is the anticipated time itwould take to sell existing Single Family & Villa Homes9.6 Monthsinventory. Our market isstabilizingandevenAttached Villa Homes 8.6 Monthsundersupplied in selectmarkets.Low Rise Condominiums9.4 MonthsSix months is considered abalanced market.Mid Rise Condominiums 12.8 MonthsPricing real estate is aHigh Rise Condominiums14.7 Monthsscience and statistics dontlie. There is no time toprice fish if your goal is to Manufactured Homes 15 Monthssell your real estate in 30 to90 days.*Statistics were gathered from the Sunshine MLS on Nov 23 2012. 13. Southwest Florida Real Estate Infowww. LifeInBonitaSprings.com To view current market statistics.http://lifeinbonitasprings.com/category/bonita-springs-market-report Statistics were gathered from the Sunshine MLS on November 23, 2012.All information is deem accurate, not guaranteed and subject to change. Check thedate on this report for freshness. If you have questions regarding your particularneighborhood, your street or your home specifically youre welcome to contact us for acurrent 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. 14. Southwest Florida Real Estate Market Report November 2012 Chris Griffith w The Griffith Group w 239-273-7430Downing Frye Realty, Inc. w www.LifeInBonitaSprings.com [email protected]