The available condos for sale in the Bonita Springs area saw a drop in the number of condos for sale as of May 1. The current number of condos for sale is 1094. This represents a drop in the inventory of condos from the beginning of April where 1094 condos were listed for sale. The decline represents of about 4 percent. In the year over year analysis the current inventory represents a decline of 104 condos or about 9 percent. Below is a graphical presentation of the historical data for active listings by month from January 2008 to May 1, 2009.
Trendline for Bonita Springs Condos for Sale - January 2008 to May 2009.
The composition of the type of listings available for sale is rather interesting and could represent a major difference between prospective buyers’ perceptions, as well as, what is being reported by others as to how dire the Bonita Springs real estate market is. The vast majority of listings fall within the traditional listing category (traditional listings are listings being offered as a normal sale), followed by foreclosures, and potential short sales. The raw numbers for the various categories are 949 for traditional listings, 124 potential short sales and 21 foreclosures.
Classification of Listings on the Market for Bonita Springs Condos
A question arises – will the closed sales for April reflect the classification of the listings? The answer to this question will appear on this blog sometime in the near future.
In previous posts you can compare the composition of both the Naples condos for sale to Bonita Springs condos for sale.
Your thoughts and comments are always welcomed.
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