What Price Range of Real Estate is Selling?

2011 went out with a bang!  We have lift off of Bonita Springs home sales in the $400K price range and up.  Tourist season came back and so did all of the Bonita Springs home shoppers looking for bargains.  It’s been a while since the $400K and under price point dipped below the seventy percentile rate.  That price point had to give way sooner or later as the real estate inventory has sold off like gang busters this year.  You can compare this and many other market graphs by visiting the archives of the Bonita Springs real estate market reports.

Enjoy these other December 2011 Real Estate Market Reports:

• Historical Bonita Springs Real Estate Sales | December 2002-2011

• Bonita Springs Florida Real Estate | Condition of the Sale December 2011

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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.

The History of Bonita Springs Home Sales

Ever wonder if “that many” home sales is either good or bad?  How much real estate is selling in Bonita Springs? How many homes and condos sold in Bonita Springs last year?  Here is a whole decade of Bonita Springs home sales (and condos and I tossed in Estero home sales, too).  You can see we’re at about 2003 levels of real estate inventory.

Prices are down but we’re selling homes!  We’re at a balanced real estate market in many price points and neighborhoods.

Enjoy these additional December 2011 real estate market reports:

• Bonita Springs Florida Real Estate | Condition of the Sale December 2011

• Bonita Springs Florida Real Estate | What Price Range is Selling December 2011

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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.

Bonita Springs Homes and Bonita Springs Condo Sales

Like my friend Debbie in Tallahassee would say, Daggummit!  I did this research a week ago and forgot to post and share it with you!  So here you go … the results of the condition of the sales of Bonita Springs homes and condos when they sold in December 2011.

If you’ve been curious about how many foreclosures are really in the Bonita Springs and Estero Florida areas, here’s the answer.    Equity sales of homes in Bonita Springs and Estero which are not considered a short sale or a foreclosure. 

The properties included in this research are all residential real estate sales in Bonita Springs and Estero, Florida, all structure types from manufactured homes, to luxury tower residences.

Read more December 2011 real estate market reports here:

• Bonita Springs Florida Real Estate | What Price Range is Selling December 2011

• Historical Bonita Springs Real Estate Sales | December 2002-2011

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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.

Bonita Springs Real Estate Inventory | Estero Real Estate Inventory

Every few weeks a real estate consumer calls me regarding an article in a newspaper or magazine cackling about the fire sale on Florida real estate and how we’re all slowly sliding into the abyss down here.  First, I don’t know where they get their real estate statistics because they’re, uh, wrong just about every time.  Second, I build you market reports with fresh out-of-the-oven real real estate sales statistics so you can make an informed, factual decision for yourself.

So, if you’re wondering what the heck is *really* going on with Bonita Springs real estate or Estero Florida real estate, I’ll give you the run down on the current inventory (absorption rate) and a few links to some pretty graphs I build to help you understand what is going on with the Bonita Springs real estate market.  Without further delay …

• Single Family Homes (and Villas): 10.8 Months of Real Estate Inventory
• Low Rise Condos: 10.2 Months of Real Estate Inventory
• Mid Rise Condos:  10 Months of Real Estate Inventory
• High Rise and Tower Condos:  20.7 Months of Real Estate Inventory
• Attached Villa Homes:  9.2 Months of Real Estate Inventory
• Manufactured Homes:  16.2 Months of Real Estate Inventory

Doesn’t look like there is much of a fire sale on Bonita Springs real estate.  That was back in ‘09.  If you look at the historical “November sales” graph, you’ll see what I mean.  The link is below along with a few other real estate market statistics graphs:

• Historical Bonita Springs Real Estate Sales | November 2002-2011

• Bonita Springs Florida Real Estate | Condition of the Sale November 2011

• Bonita Springs Florida Real Estate | What Price Range is Selling November 2011

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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.

A Decade of November Bonita Springs Real Estate Sales

Bonita Springs Florida Real Estate | Condition of the Sale November 2011

Bonita Springs Florida Real Estate | What Price Range is Selling November 2011

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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.

Bonita Springs Foreclosure and Short Sale Statistics

Historical Bonita Springs Real Estate Sales | November 2002-2011

Bonita Springs Florida Real Estate | What Price Range is Selling November 2011

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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.

What Price Range of Bonita Springs Real Estate Selling?

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Historical Bonita Springs Real Estate Sales | November 2002-2011

Bonita Springs Florida Real Estate | Condition of the Sale November 2011

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.

The Value Proposition in Bonita Springs Real Estate

Who doesn’t like a great value on anything that they purchase whether it’s a car, gym shoes or real estate? Housing and real estate present a special dilemma for consumers in years of late. As a nation and as a locale we’ve experienced an unprecedented roller coaster ride of real estate prices, both up and down now mixed with recovery.

It’s a struggle for the average consumer to weed their way through the active real estate on the market to locate their “dream home” and also feel that they are getting a value. It’s kind of like archaeologists sifting sand and soil though a screen looking for the treasures and artifacts.

You take a big, huge pile of real estate, sift through the uglies, the overpriced, the “meh” homes, the pretties and find one that meets the actual search criteria; bedroom size, square footage, pool, architectural style, features.

It doesn’t matter if a home is priced at one hundred thousand dollars or one million dollars. The value of what its worth is determined by what a buyer will pay for it and what a seller will sell it for. Finding the sweet spot is the trick; the best property for the best possible price. In a moment of frustration a buyer asked me why the list prices were so different than what they were able to find out online about the actual value.

The answer was actually how not to get a property valuation online; first, don’t use the county tax roll, second, Zillowish websites aren’t exact science. While these sorts of websites offer their share of disclaimers regarding how the valuations are formulated, most consumers don’t look any further than the answer they find. If there was an asterisk beside the answer it generally gets disregarded by most folks, especially if it’s in their favor.

For the record, I’m not starting a sword fight with anyone from Zillow or any “property valuation” website but the fact of the matter is whether you’re buying real estate in Naples, Seattle or Georgetown there are feet on the ground who will extrapolate market conditions that a computer program simply cannot recognize.

In southwest Florida the tax roll “assessed value” is an entirely different wild card. Assessed = Do not get a tattoo of that number. That word “assessed” gets skipped over way too quickly by anyone looking to parlay whatever figure they’re trying to negotiate or justify. If it was an actual market value, it read “appraised value” or “market value”. Instead, it’s an estimate or aggregate for taxing purposes based on the previous year’s sales. Didn’t exactly hear the freshness seal pop, did you? It would be like valuing your car for what other like kind models sold for in the previous calendar year.

Yes, that’s the nutshell version. There’s a laundry list of ways that the assessed figure is derived. As a consumer you’re best served by visiting the county property appraiser’s website and reading up on how assessed values are created. Have some caffeine, first.

So if you become completely confused while shopping for real estate in whatever market you’re searching, ask your real estate agent for a comparative market analysis of the home you’re leaning toward prior to presenting an offer or break down and get a full appraisal.

Most of the real estate valuation information online could be considered speculative, often times out dated and simply cannot take into consideration a variety of market conditions the number aggregators couldn’t possible gather because, after all, real estate is local.

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Real Life in Bonita Springs is a project by Chris Griffith dedicated to writing useful blog posts for consumers about the Bonita Springs, Florida area.  Find out what it is really like to live in Bonita Springs, Florida by reading about our fair city. You’ll get the latest in local real estate information, Bonita Springs real estate market reports and a little bit of humor.  If you have topic ideas, feel free to request a story about the idea, after all, this site is just for you.

You can subscribe to a weekly email newsletter by visiting www.LifeInBonitaSprings.com and entering your email in the subscription area on the center pane of the web page or by adding us to your reader by subscribing to this blog. Oh, and if you’re reading this content anywhere else but www.LifeInBonitaSprings.com or Naples Daily News it is probably stolen.

Bonita Springs Real Estate Inventory | Estero Real Estate Inventory

Good, bad or indifferent the story of the Bonita Springs real estate market can be told by doing a few calculations that can predict an estimated number of homes, condos or other real estate that is currently on the real estate market for sale and how long it could take to sell off that inventory.

“The News” will tell you what they think they know about the Florida real estate market and the consumers will be confused and apply the reports to Bonita Springs real estate.  Well, real estate is local so it’s important to know the numbers by individual city and drill down even further by neighborhood.

So here are the city wide inventory numbers for Bonita Springs Florida and Estero Florida, the categories of real estate is by structure and/or building type:

Single Family Homes (and Villas): 10.39 Months of Real Estate Inventory

Low Rise Condos: 10.03 Months of Real Estate Inventory

Mid Rise Condos:  10.78 Months of Real Estate Inventory

High Rise and Tower Condos:  19.5 Months of Real Estate Inventory

Attached Villa Homes:  9.47 Months of Real Estate Inventory

Manufactured Homes:  16.86 Months of Real Estate Inventory

…and that’s the facts about Bonita Springs Real Estate for the month of October 2011.

For more Bonita Springs real estate market reports for October 2011, read also:

Bonita Springs Florida Real Estate | What Price Range is Selling October 2011

Bonita Springs Florida Real Estate | Condition of the Sale

Historical Bonita Springs Real Estate Sales | October 2002-2011

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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.

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

Whether you’re a buyer or a sellers it’s important to know what price range of real estate in Bonita Springs is moving.  Still championing our fasted moving real estate sector is the 200K and under price followed by the 200-400K price point.  Basically 80% of Bonita Springs real estate sales are priced 400K and under; a remarkable number.

This means there should be a cautionary sense of urgency if you are a Bonita Springs or Estero Florida real estate buyer with a budget of 200K and under. Those deals go fast and we’re seeing multiple offers again.  Yes, contrary to what you may have heard on “the news” our buyers market is actually balanced and in the entry level we’re moving swiftly.

To read other Bonita Springs and Estero Florida real estate market reports, read also:

Bonita Springs Florida Real Estate | Condition of the Sale

Historical Bonita Springs Real Estate Sales | October 2002-2011

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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.