Bonaire Georgia Real Estate Market Report, January 2013
This Bonaire Georgia Real Estate Market Report provides a snapshot of the number of Bonaire Georgia active listings, pending sales, and overall sales over the last 90 days. It also further breaks down the overall January 2013 market, providing both buyers and sellers in the Bonaire real estate market a synopsis of how the market is currently performing, and what they can expect in the near term in this community.
Bonaire Georgia Active Listings
Despite the winter weather finally arriving, the number of Bonaire Georgia active listings remained stable in January with an uptick in total listings and standard homes for sale. Foreclosures also went up, with a 25% rise over the December offerings and 33% from November. As a reminder, foreclosures are lender owned properties.
Sellers who were waiting until after the holidays to list finally put their homes on the market, as did the banks who released their inventory, increasing the overall number of available properties by 10% in the last month. Fortunately, the number of short sales (homeowner owned but attempting to sell for less than is owed (with lender approval)) remained very low in this community over the last 90 days.
Bonaire Georgia Pending Sales
It is encouraging to see Bonaire Georgia pending sales on the rise over the last quarter (up 33%) as that indicates serious buyers are in the market and writing good offers! This bodes well for both February and March sales too and should help carry the Bonaire Georgia real estate market into spring.
A little concerning is the available foreclosures are not moving very quickly, as buyers are opting instead for new construction homes and newer resale properties. Investors looking for a bargain need to be in this market right now!
Bonaire Georgia Home Sales
Bonaire Georgia Home Sales have remained static with the overall number of closings, standard sales, and foreclosures all tracking nearly identical over the last 90 days. The best news is the number of distressed homes leaving the market continues to stay above the 20% of total homes sold mark.
This market is currently a balanced market with 7.5 months of available inventory to choose from. The highest priced sale last month was $325,000 and the lowest was $45,000 (foreclosure).
How can both buyers and sellers gain an advantage in the Bonaire real estate market? Employ the services of a local Bonaire real estate agent who knows and understands the Bonaire real estate market.
Bonaire Real Estate Report Summary
Currently, the Bonaire real estate market is balanced (meaning it does not favor buyers or sellers) with 7.5 months worth of homes on the market. Overall, the January 2013 Bonaire real estate averages and totals are as follows:
- Avg Sales Price: $188,731 (Up over Dec 2012, $179,238)
- # of Monthly Sales: 18 (Up over Dec 2012, 17)
- Avg Days-On-Market, Sold Homes: 87 (Down from Dec 2012, 84)
- Avg SP/LP Ratio: 99.10 (UP over Dec 2012, 98.88%)
- Highest Priced Listing: $520,000
- Lowest Priced Listing: $38,400 (Foreclosure)
- Largest Home on the Market: 5,277 sq ft
- Smallest Home on the Market: 1,204 sq ft
- Median Price of Available Homes: $204,000
Homes for Sale in Bonaire Georgia
For a complete list of available Bonaire Real Estate, visit Homes for Sale in Bonaire Georgia. Make sure and subscribe to my newsletter so you get notified as soon as homes for sale in Bonaire Georgia hit the market.
Call me at (478) 960-8055 to find out what your Bonaire GA home is worth or to discuss your housing needs.
Statistics represent homes and condos/townhouses for sale in Bonaire Georgia (Source: CGMLS). Information is deemed reliable, but not guaranteed.
Bonaire Georgia Real Estate Market Report, January 2013
About Anita Clark Realtor
Anita, GREAT Market report! I find it hard to make comparisons about the foreclosures and such in the Midtown Atlanta market. Agents will list a foreclosure as “Corporate Owner” with no other reference to the fact that it is a foreclosure. A Corporate owner could also be just that…are relocation that has been purchased from the Seller so they can move. I’ve also seen short sales referenced as such in the private listing remarks, or even public remarks, but then not “listed” as a short sale if you were to search by that type.
So frustrating, but you’ve got a great handle on the Warner Robbins market.
Thom Abbott recently posted..Midtown Atlanta Market Report | Luxe Midtown December 2012
Thanks Thom. It can be confusing to decipher what is what in this industry but like you do so well in Midtown Atlanta, I try to breakdown the information into meaningful data my local readers can use.
Very nice presentation of data for the Bonaire real estate market Anita. I like how you break it down into manageable chunks and am sure your local readers do too.
Denise Hamlin recently posted..Coralville IA Real Estate Market Update January 2013
Thanks Denise. The new format seems to be working well.