Home Sales in Bonaire Georgia in May 2017
Wondering what were the home sales in Bonaire GA in May 2017? If so, this article has a wealth of information to help you make an informed real estate decision about this market. Whatever your needs, there is a host of data and information in this report to assist with your needs.
The real estate market in Bonaire GA had 43 closings in May (up 6 over the previous month). In comparison, there was 40 closings during the same time-frame last year. With only 3 months of available inventory, it is getting tougher for new buyers to find what they need in this market. New sellers are definitely needed right now!
With 46 pending sales (up 5 over the previous month), it is good to see plenty of real estate activity in this community. However, with only 145 homes available (up 25 over the previous month), sellers need to keep their home updated and well maintained to have the best opportunity to sell right now.
Let’s go ahead and see what the home sales in Bonaire GA in May 2017 looked like!
Bonaire GA Homes Sales
With 43 homes sales in Bonaire GA in May 2017 (increased 6 over the previous month), this market is going strong as summer arrives. The annual average home sales is 37 closings. Average days on market for homes that sold was an excellent 52 days this past month, way better than the 12-month average of 69 days and 34 days better than the same time-frame last year.
The average sales price came in at $204K+ which was $15K better than the previous month, $42K more than the same time-frame last year, and $2K higher than the 12-month average of $202K. 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 and well maintained!
The sales price to list price ratio (SP/LP) was decent at 98.40% last month. The 12-month average is 98.72%. When buyers and investors locate a property they want, they are making decent 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 (145 homes) to choose from. To review the home sales in Bonaire GA in May 2017 as well as other closing information, check out the following statistics:
- Average Sales Price: $204,076
- Median Sales Price: $173,000
- Number of Monthly Sales: 43
- Number of Distressed Sales: 0
- Average Days-On-Market, Sold Homes: 52
- Average Sales Price /List Price Ratio: 98.40%
- Highest Priced Sale: $412,000
- Lowest Priced Sale: $64,900
- Highest Priced Listing: $799,900
- Lowest Priced Listing: $90,000
- Largest Home on the Market: 6,540 sq ft
- Smallest Home on the Market: 1,070 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 all the available Bonaire GA homes for sale. 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 April 2017
Review The Home Sales in Bonaire GA in May 2017
Statistics represent single family homes and townhouses in Bonaire GA (Source: CGMLS) for the referenced month. Information is deemed reliable, but not guaranteed.
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