Home Sales in Bonaire GA 31005
AUGUST 2017 MARKET REPORT
The home sales in Bonaire Georgia this past month increased again! That is 8 months in a row this market has seen a rise in closings. If you like the sound of that, stay tuned as this market analysis will identify where this market is currently at, where it should be headed, as well as provide a slew of real estate advice and tips for buyers, investors, and sellers in Bonaire GA to digest.
The real estate market in Bonaire had 54 properties exchange hands in August. That is an increase of 6 sales over the previous month. In comparison, there was only 32 closings during the same time-frame last year. It is a bit surprising considering there is less than 3 months of available inventory to choose from, and it has been that way for the past quarter. While consumers are still buying homes in Bonaire GA, new inventory is desperately needed which means potential sellers need to get their property ready and on the market as quickly as they can.
With only 35 pending sales (up 6 over the previous month), consumers are leaving a clear message that if they do not find what they want from the limited number of available properties, they will move on to other areas in Houston County to find their dream home. With only 130 homes available (down 2 from the previous month), consumers must be quick to decide when they find a home that meets their needs in Bonaire GA. Any delay could cost them the house…it really is that simple right now!
No need to delay so let’s jump in and take a deeper dive to see what the home sales in Bonaire Georgia in August 2017 looked like!
Bonaire Georgia Homes Sales
With 54 homes sales in Bonaire Georgia in August 2017 (increase by 6 over the previous month), this market continues to defy the odds with home sales increasing for the eight month in a row. The 12-month average home sales in this community is 37 closings. With colder weather arriving soon, a dip in sales is typical and likely.
The average days on market for home sales in Bonaire Georgia this past month was very good coming in at 38 days (from listing to closing). That is a 30 day improvement over the 12-month average (68 days). As a comparison, it took 32 days to close homes (on average) this time last year.
The average sales price came in at $202K+ which was $36K less than the previous month, and $8K less than the 12-month average. The total was $8K better than the same time-frame last year. Homes in all price points have a good opportunity to be seen and sold in the Bonaire real estate market right now, especially if they are market priced and well maintained!
The sales price to list price ratio (SP/LP) was decent at 98.31% last month. The 12-month average is the same at 98.77%. When buyers and investors find a home 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 right now, despite the shortage of inventory.
How can both buyers and sellers gain an advantage in the current Bonaire GA Real Estate market? Employ the services of a local Top 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 just over 2 months of available inventory (130 homes) to choose from. To review the home sales in Bonaire Georgia in August 2017 as well as other closing information, check out the following statistics:
- Average Sales Price: $202,929
- Median Sales Price: $171,950
- Number of Monthly Sales: 54
- Number of Distressed Sales: 2
- Average Days-On-Market, Sold Homes: 38
- Average Sales Price /List Price Ratio: 98.31%
- Highest Priced Sale: $374,296
- Lowest Priced Sale: $60,111
- Highest Priced Listing: $654,900
- Lowest Priced Listing: $92,820
- Largest Home on the Market: 7,986 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. I know this market incredibly well and can assist with all your residential real estate needs in this market.
Review the Home Sales in Bonaire Georgia in June 2017
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.