Bonita Bay Real Market Report March 1 2013

1. March 1 2013
Bonita Spring Estero Real Estate Market Report
Chris Griffith w The Griffith Group w 239-273-7430
Downing Frye Realty, Inc. w www.LifeInBonitaSprings.com
chris@LifeInBonitaSprings.com

2. Bonita Springs Market Report
March 1, 2013

3. Bonita Bay Historical Real Estate sales
February 2004-February 2013
Bonita Bay closed
sale volumes have
rebounded and
are now matching
pre-housing crisis
numbers.
The sales
averages, both
high and low echo
the highs and low
of the over all real
estate market.

4. What Price Range Sold in Bonita Bay?
A healthy number of
sales closed over
the $1M price this
month.
There were no sales
closed in the
challenged 600-800
price range. It’s a
great price range to
negotiate deals as a
buyer.

5. Current Bonita Bay Real Estate
Inventory and Absorption Rates
This is the anticipated
time it would take to sell
Single Family Homes-Villas – 19.3 Months
existing inventory.
Six months is considered Low Rise Condominiums – 9.5 Months
a balanced market.
Mid Rise Condominiums – 11.25 Months
We do have a large
amount of High Rise Condominiums – 16.7 Months
pending/pending-
contingent properties
skewing the market Attached Villas – 7.6 Months
statistics so the months
of current inventory
would be far less if they
Statistics were gathered from the Sunshine MLS on March 3, 2013.
weren’t in the equation.

6. 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 80% of
sales.

7. 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 low
but the 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.

8. How Bonita Springs Real Estate is Paid For
Cash remains king
with about 70% 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.

9. What Price Range of Bonita Springs
Florida Real Estate is Selling?
City wide about 80%
of all closed sales
were under the
$400K price point.
The 600-800K price
point accounts for
about 1.7% of all
closed sales (purple).
A dismal statistic for
that price range.
A total of 137 +/-
properties were
closed sale in Bonita
Springs and Estero
Florida during the
month of Feb 2013.

10. Current Bonita Springs Real Estate
Inventory and Absorption Rates
Statistics were gathered
from the Sunshine MLS
on March 2, 2013. Single Family Homes-Villas – 11.6 Months
(h .6 mo.)
This is the anticipated Low Rise Condominiums – 10.5 Months
time it would take to sell
existing inventory. (34 .4 mo.)
Mid Rise Condominiums – 19.5 Months
Six months is considered (h .5 mo.)
a balanced market. We High Rise Condominiums – 15.7 Months
do have a large amount
of pending/pending- (h .9 mo.)
contingent properties Attached Villas – 9.7 Months
skewing the market
statistics so the months (h 1.4 mo.)
of current inventory Manufactured Homes – 13 Months
would be far less if they (i .5 mo.)
weren’t in the equation.

11. Did You Miss The Real Estate Boat?
Entry Level
Prices
Are Rising!
The Deals Remain
in $600,000 and
Up Priced Real
Estate!

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

13. 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 2, 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.