New construction is happening in Bonita Springs and the surrounding areas. There is a new community under way in Bonita Springs, the first in quite a while. Developers of single family homes are returning to Southwest Florida. Permits for single family homes are up in Lee County as well as Collier County.
Historically low interest rates, financing that’s allowing more people to get credit, a rush of all-cash buyers and a renewed interest from second-home buyers are also spearheading the return of the market, brokers said.