Village Walk of Bonita Springs Market Report

Village Walk of Bonita Springs, Florida

Market Report 5/6/2008

• 70 Active Listings In Village Walk of Bonita Springs

Of those 70 listings:

• 33 are Capri III attached villa models:

Priced from $207,900 to $389.900

• 17 are the Cayman attached townhouse model:

Priced from:$200,000 to $399,000

• 12 are the Oakmont single family model:

Priced from $315,000 to $449,900

• 8 are the Carlyle single family model:

Priced from $378,000 to $525,000

In addition, Village Walk currently has:

• 5 that are Active with a Contract
• 5 are Pending Sale
• 21 closed sales in 2007
• 8 closed since Jan 1, 2008

Absorption Rate:

The Absorption Rate is the ability of the real estate market to sell off all of the houses that are currently for sale

Based on the absorption rate, it will take a Village Walk owner almost 3 years to sell his house in the current market. If an owner wants to price a property to sell it would have to be in the lower 50% of the price range for similar properties in order for it to sell in the next 12 months. To sell in the next 6 months it would need to be priced in the lower 25% of the competition on the market.

So if you are considering selling, do your math and make an intelligent, unemotional decision. Remember to include your holding costs:

• Mortgage(s)
• Taxes
• Insurance
• HOA fees
• Maintenence

If you are ready to buy, it's an exciting time! Good for you.