Bonaire Georgia Real Estate Market in July 2016
Is this market heating up? Check out all details and find out what are Bonaire Georgia homes worth in July 2016! This month’s analysis includes information about the current market to help real estate consumers as well as a long look at where this market should be headed in the near future.
The real estate market in Bonaire GA is staying hot with the this past month clocking the second highest sales in the past year (50). In comparison, there were 65 sales in the previous month (highest total in 12 months) and just 37 closings this time last year. The 12-month average is 32 sales. However, there is a shortage of inventory in this sellers market and more potential sellers are needed to keep the Bonaire GA real estate market moving forward as summer begins to wane.
With only 12 pending sales, down 26 over the previous month, consumers are ready for fresh inventory. With just 146 houses on the market (up 28 over the previous month), there are still good deals in a variety of price points and styles for consumers to check out but they need to act quickly if they want to get the best deals.
Let’s jump right in and determine what are Bonaire Georgia homes worth in July 2016!
Bonaire GA Homes Sales
With a very good 50 Bonaire GA home sales last month, properties are changing hands quickly, and sellers are still seeing good returns on their Bonaire GA homes. Average days on market for homes that sold was 51 days this past month, improving on the 12-month average of 75 days.
The average sales price came in at $189K+, $6K lower than the previous month and $4K below the 12-month average of $193K. During this time last year, the average sales price was only $181K. Homes in all price points have a good opportunity to be seen and sold in this market right now, especially if they are market priced!
The sales price to list price ratio (SP/LP) was 98.83% last month, tracking well with the 12-month average (98.49%). When buyers find a home they like, they are making firm offers giving sellers an incentive to negotiate and sell their property. What they are not doing is overpaying in this market.
How can both buyers and sellers gain an advantage in the current Bonaire GA Real Estate market? Employ the services of a local Bonaire Real Estate Agent who understands all of the ups-and-downs and twists and turns of this market.
Bonaire GA Real Estate Market
Currently, the Bonaire GA real estate market favors sellers with 3 months of available inventory (146 homes) to choose from. To see what are Bonaire Georgia homes worth in July 2016, check out the following statistics:
- Average Sales Price: $189,016
- Median Sales Price: $187,950
- Number of Monthly Sales: 50
- Number of Distressed Sales: 3
- Average Days-On-Market, Sold Homes: 51
- Average Sales Price /List Price Ratio: 98.83%
- Highest Priced Sale: $391,455
- Lowest Priced Sale: $80,000
- Highest Priced Listing: $899,000
- Lowest Priced Listing: $56,000
- Largest Home on the Market: 6,540 sq ft
- Smallest Home on the Market: 1,172 sq ft
This is a good real estate market to be part of for buyers, investors, and sellers. Do not delay or you may miss out on the home of your dreams in Bonaire GA!
Find Bonaire GA Homes for Sale
For a complete list of the available real estate in Bonaire GA and all of Houston County, search for real estate in Bonaire GA. As always, subscribe to my newsletter so you do not miss out on any Bonaire home deals!
Call me at (478) 960-8055 to find out what your Bonaire GA home is worth or so we can discuss your housing needs.
You can check out last month’s report here: Bonaire GA Real Estate Report for June 2016
So…What Are Bonaire Georgia Homes Worth in July 2016?
Statistics represent single family homes and townhouses in Bonaire GA (Source: CGMLS) for the referenced month. Information is deemed reliable, but not guaranteed.
The data related to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) Program of Central Georgia MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.