The available homes for sale in the Bonita Springs area saw a drop in the number of homes for sale as of the end of April or start of May. The current number of homes for sale is 988. This represents a drop in the inventory of 71 homes. The decline represents of about 7 percent. In the year over year analysis the current inventory represents a decline of 104 homes or about 9 percent. In addition, the number of home available for sale is at the lowest level since August 2008. In August 2008 there were a total of 984. Below is a graphical presentation of the historical data for active listings by month from January 2008 to April 30, 2009.
Trendline of Bonita Springs Homes for Sale
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 826 for traditional listings, 137 potential short sales and 35 foreclosures.
Classification of Bonita Springs Homes for Sale
A question arises – does the closed sales for April reflect the classification of the listings? The answer to this question will appear on this blog sometime within the next few days.
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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