Statistics on Home Sales Bonita Springs last 12 months
Sold comparables in Bonita Springs can provide you valuable information idea on local trends.
Below are home sales statistics in Bonita Springs dated from May, 2019 to May, 2019.
Median Homes Value In Bonita Springs 2019
The median home value in Bonita Springs is estimated to be $326,000. What do you think?
This is actually on a decline from last month of 2.12%. Last quarter also down 2.12%. Last 12 months showing is down .05% and the last 24 months showing an average downward trend of 1.59% for median home values in Bonita Springs.
Unfortunately not all Bonita Springs Homes sales are on a level playing field. It is tough to look at the macro averages of Bonita Springs as a whole.
I mean if we are taking a small house located in old Bonita worth $175,000 and using comparables as a house on Bonita Beach, then the numbers will be skewed. This is why it is important to look at both micro and macro when analyzing property to purchase and sell.
Number of Homes Sales In Bonita Springs
Condos: Bonita Springs Condo market showed 600 homes sales in the last 365 days.
Single Family: The Bonita Springs Single Family market showed 698 homes sales in the last 365 days.
Villa / Townhome / Coach Home: These Bonita Springs homes sales accounted for 165 Home Sales.
Absorption Rate Report For Bonita Springs
The absorption rate is essentially the number of months for the current inventory to sell at the current pace of the market. The statistics below is taking into consideration market conditions do not change and no new listings come on the market for sale in Bonita Springs.
** To give you an idea, a balanced market’s absorption rate is typically between 5 to 7 months. Below are the months of inventory available for the different categories of properties for sale in Bonita Springs.
High Rise – 15.58
Mid Rise – 17.24
Low Rise – 10.61
Single Family – 10.47
Townhouse – 6.33
Villa Attached – 9.14
Villa Detached – 9.69
Total – 10.91
Foreclosure Sales In Bonita Springs
In the last 365 days there were only 20 Sold Foreclosures in Bonita in property criteria above. Currently as of today May 7th 2019, there are only 7 for sale.
Short Sales In Bonita Springs
There were only 9 short sales that sold in Bonita Springs in the last 365. And currently there are only 4 active on the market today.
Both the Short Sale and Foreclosure markets in Bonita Springs seem extremely low. Will it stay the same? Will they distressed properties rise? Time will tell.
Active Market on MLS in Bonita Springs
Currently there are 1,123 active properties in Bonita Springs available to purchase.
Sold Properties in the last 365 in Bonita Springs
There were a total of 1,863 properties that sold in Bonita Springs over the last 12 months.
What Does This Mean For You?
Well… Markets change. And they change all the time. What goes up, comes back down and the reverse is true.
So, it really just depends on your wants and needs. If you need a property to live in, then it may make sense to purchase while rates are still really low.
If you are an investor looking for a good ROI, then it may make sense to sit on the sidelines until the market flattens out so more.
To me, the rental market seems to be very high as well. If we have a shift the rental market rates in Bonita Springs may go down due to supply and demand.
As always, thank you for checking out our site. If you are in the market to purchase or sell real estate in SW Florida and need an experienced Broker to assist, please give us a call so we can interview for the job.
We can be reached anytime at (239) 425-5671 or drop us a message at email@example.com
Please note this article is published as of 5/7/19 using MLS, RPR, Realist and other tools provided to us by our sources through local real estate boards, NAR and third parties.
Looking for a Home in Bonita Springs?
The Beach Brokers is three seasoned real estate agents located in Bonita Springs and Estero, Florida. We have a combined experience of over 40 years selling real estate for home owners and investors coming to Southwest Florida. Contact us for a free consultation. Or stop by our office across the street from Bonita Beach Park.