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Bonita Springs Homes for Sale Inventory

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Before making a decision to selling or buy a home in Bonita Springs it is important to know and understand the months of inventory available for sale within Bonita Springs. As a seller you want to know how many properties are competing with you for the prospective buyers looking at homes, as well as how aggressive you need to be with your list price. As a buyer you want to know how large a selection of homes are on the market and if you can great a great deal on a home. The months of inventory will assist you in determining if now is an appropriate time to list your home or purchase a home at a great price. The months of inventory represents how long it will take to sell the number of homes on the market at the rate of closed sales based upon the average over a period of 12, 9, 6, or 3 months.

Bonita Springs months of inventory homes for sale.
Bonita Springs months of inventory homes for sale.

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Filed Under: Bonita Springs Florida Real Estate, Bonita Springs Homes, Bonita Springs Market Update, Real Estate News Tagged With: , , , ,

Bonita Springs Market Update Homes

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August Activity:

Listings:

During the month of August 117 Bonita Springs homes were listed for sale. For the same month in 2007, 149 homes were listed for sale; this represents a decrease of 21.5 percent. The increase from 2006 was 10.7 percent from the 131 new listings. In July 2008 there were a total of 110 homes listed for sale and in June 129 homes.

Potential short sale homes listed in August was 12 or 10.3 percent and 6 homes or 5.1 percent are listed as a foreclosure, REO or bank owned.

Village Walk of Bonita Springs had the largest number of potential short sales – 4 with a median list price of $227500. The remaining potential short sale homes were listed in numerous developments.

The Bonita Springs homes listed as foreclosures were spread through various developments.

The inventory of available Bonita Springs homes for sale in February was 1201 homes or about 33 months. At the start of August the inventory had dropped by 217 homes or 18.1 percent to 984 homes or about 26 months. [Read more...]

Filed Under: Bonita Springs Florida Real Estate, Bonita Springs Homes, Bonita Springs Market Update, Real Estate News Tagged With: , , , , ,

Hurricane Ike Update

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hurricane ike cone at 0800 on 080907Hurricane Ike’s cone is still showing it is tracking to south and west. For the Naples, Bonita Springs and Estero areas of Florida it means the center of the storm may pass within about 200 miles of the coastline which disminishes the chances of the area feeling the full brunt of Ike.

The track towards the south does not help our friends in the Gulf Coast areas as the storm appears it will not pass over the mountainous areas of Cuba. It the storm passes over the mountainous areas of Cuba the storm will weaken. Currently the storm is a CAT-4 with winds of 145 mph.

The Florida Keys have started evacuations and hurricane preparations.

Filed Under: Ave Marie Real Estate, Bonita Springs Florida Real Estate, Estero Florida Real Estate, Naples Florida Real Estate, Real Estate News Tagged With: , , , , , , ,

Hurricane Ike

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Hurricane Ike’s projected path as of this morning shows the cone just south the Naples area. This is better positioning than yesterday mornings projected path and cone. The Naples area may not be affected by Hurricane Ike. With this cone it does appear that Bonita Springs or Estero areas will have any affects from the hurricane. However it is advisable to prepare for the worst and hope for the best.

Hurricane Ike updated cone as of Sunday 0500

Updates will be posted throughout the day on this blog.

Filed Under: Ave Marie Real Estate, Bonita Springs Florida Real Estate, Estero Florida Real Estate, Naples Florida Real Estate, Real Estate News Tagged With: , , , ,

Naples Real Estate News 07/18/08

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MORTGAGE RATES

As investors’ fears that the Federal Reserve would soon tighten credit policy to stall inflation lessened, mortgage rates fell this week: 30-year mortgage rates averaged 6.26 percent, the lowest level in six weeks, according to Freddie Mac.

COUNTRYWIDE

A handful of states are suing Countrywide Financial Corp. for misleading borrowers, and Florida initiated its case on July 1. Yesterday, however, California added another charge to its roster, claiming Countrywide paid higher commissions to agents who put borrowers into loans they weren’t qualified to receive.

HOME BUYING

Builders in the Tampa Bay area and across Florida are turning to smaller homes to spur sales, figuring out how to cut down on construction costs and offer more affordable prices. They note that smaller homes are popular for first-time buyers, seasonal residents, those wanting to downsize and people who just don’t want to stretch their budgets too much.

Divosta’s Village Walk in Bonita Springs is also seeing cut backs on construction costs on their various models. The Divosta subsidiary or division of Pulte homes, is changing from its popular poured concrete with reinforcing rebar to concrete block construction.

FANNIE AND FREDDIE

Treasury officials and senior lawmakers huddled behind closed doors yesterday, searching for a way the Treasury Department might safely invest in mortgage finance giants Fannie Mae and Freddie Mac without exposing taxpayers to massive losses.

Filed Under: Real Estate News Tagged With: , , , , , , ,
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