For the most part, the communities and property types in Southwest Florida with the highest numbers of foreclosures are those which: (1) were delivered during the 2004 - 2007 market run-up and (2) either encourged investors or didn't have mechanisms in-place to discourage them. There are a few communities in Bonita Springs that meet one or both of these criteria, but certainly the percentage of Bonita Springs foreclosures are lower than in Cape Coral, Lehigh or Fort Myers.

Here is a resource to view Bonita Springs foreclosures: http://www.greaterftmyers.com/bonita-springs-foreclosures.php

Good luck with your search!

Hello Deni,
'
If this is an area that you are interested in, then yes, it may appear that "something" is happening. The old adage that when you buy a new red car, you then realize that everyone else did also. No, not everyone decided to go buy a red car, BUT that car is now in the forefront of your mind. Perhaps that area is in the forefront of your mind.

Both the media and the government, have all focused on SW Florida as of late, Mr. Obama even came to talk about the foreclosures in Lee County. The Bonita /Naples area have fared much better with foreclosures than the Cape Coral & surrounding area of Lee County has.

The prices in the Cape Coral area seem to have stopped the free fall and are actually in fact starting to increase. This is important to you Deni because the Cape was the first area to drop. It was the lead dog so to speak, and the other area's then followed. Unless something drastic occurs between now and the end of the year, I look for Southern Lee County, and parts of Naples to turn that corner and make the initial signs of a rebound.

Interest Rates are edging up & this is not a welcomed event. However we all know when the bond market heads down, interest rates tick upward. If you are a cash buyer, this has no effect on you, however, if you are looking to use a lender for your purchase, be aware of the current requirements for second homes. If you're in the market for a primary residence your options are more liberal. I say this as of today. If you do not intend to look until the fall, this information may very well be old news.

June & July are good months to invest some time on deciding a few things concerning the purchse. Your return on investment will be a smoother sale process.

Deciede on the type of community you want to be in. Golf, tennis, boating, If you want a golfing community, investigate the financial stability of the community. Nothing is worse than a padlock on the door to the clubhouse and a letter in your mailbox saying they recreation facilities are financially insolvent.

FInd out about the integrity of the homes themselves. Which communites have drywall issues.

Do any of the communities have HOA's that are getting ready to publish their intent to impose large capital assessments?

Take the time now to do your homework and be assured of a smoother sale when you are ready.

I hope I have been helpful to you - best success on your home purchase & feel welcome to contact my team with any questions you may have.

Kimberly R. Lang


The Kimberly Lang Team
Keller Williams Elite Realty
24851 S Tamiami Trail Suite 1
Bonita Springs, FL 34134
When you think of Real Estate, Call The Red Realtor
239-677-8773 http://www.SWFloridaHomeSearch.com http://www.KimberlyLang.net
239-949-8339 fax
239-949-8338 office

There is 29 total foreclosures north of Bonita Beach Rd to north edge of town by Estero all between US 41 and I 74. That is all homes and condos in any community, any type any size any price range.

Thre is a total of about 450-470 homes and condos for sale in that same area, that means about 6% of all homes and condos are foreclosures. That number of foreclosures is actually very low considering the amount of stuff for sale.

Nathan LaCorte
Main: 828-215-5603
Toll#: 800-590-6856
Fax: 239-236-0282
Sand Castle Realty
nathannaples@gmail.com http://www.nathannaples.com