October 2015 Home Sales Statistics
The fall influx of snowbird buyers brought with it a rebound of cash transactions. Last month cash transactions in the Bonita Springs real estate market were at about 45% and this month the closed real estate figures show just over 59% of the closed sales were paid for with cash.
The return of our winter residents also pushed a huge sell off of entry level priced real estate in the Bonita Springs and Estero Florida areas. Cash is king and affordably priced or appropriately priced real estate is being scooped up by savvy buyers. The slowest moving sector of real estate is the $800,000-1,000,000. That means that there could be some deals in the luxury real estate market , depending upon the neighborhood and inventory statistics. An absorption rate is crucial when purchasing a home in SWFL in this heated market or you could leave money on the table!
Continue Reading: Bonita Springs Real Estate Market Report October 2015
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