Seasonal inventory swell anticipated in Bonita Springs and Estero

Submitted by WBN MarketingPublished 6:12 a.m. ET Nov. 25, 2017

 
 
 

 

BONITA SPRINGS — According to the Bonita Springs-Estero Association of Realtors (BEAR) Media Committee, the Bonita Springs and Estero markets are bouncing back nicely during the post-storm months.

While pending sales are still down due to storm structural and landscape damage repairs, the area continues to be a safe and desirable place to live. Additionally, the market is currently showing less higher priced inventory and more lower priced inventory, which bodes well for both buyers and sellers. 

With the holiday season here, area experts and brokers are also advising homeowners to list now in advance of the anticipated seasonal inventory swell.

"There is still time to put your house on the market before inventory balloons during season," stated Jerry Murphy, broker, Downing-Frye Realty, Bonita Springs. He adds, "The holiday season is actually a great time to list because buyers looking during this time are very serious." 

Homeowners who list during the holidays are equally motivated to sell, thus indicating that both parties are committed to closing the deal. Additionally, the Bonita Springs and Estero markets are showing a scarcity in rentals for upcoming seasons.

"Buyers are looking for homes they’ll be living in by next winter," stated Roger Brunswick, 2017 BEAR President, John R. Wood Properties. "With the scarcity of rentals, now is a really good time to buy."

Overall, Bonita Springs and Estero continue to see stability in the market, with many listings priced at fair market value, and will continue this path as the new year approaches.

The BEAR November 2017 Report shows overall findings for both single-family and condominiums combined for the month of October 2017.

Online at BonitaSpringsRealtors.com.