Home Sales in Bonaire GA 31005
OCTOBER 2017 MARKET REPORT
The home sales in Bonaire Georgia went down again for the second month in a row after nearly 3 quarters of rising sales. With the holidays approaching, sellers should not be too alarmed as this behavior is normal for this time of year. For all the information about this market, stay tuned as this month’s analysis will identify where this market is at now, where it is likely headed, as well as provide an incredible amount of real estate advice and tips for buyers, investors, and sellers in Bonaire GA.
The real estate market in Bonaire had 25 closings in October. That is a decrease of 13 sales from the previous month. In comparison, there was 32 sales during the same time-frame last year. While consumers are still buying homes in Bonaire GA, it is imperative that new inventory become available soon. With 5 months worth of homes to choose from (127 houses), consumers will begin to look elsewhere in Houston County if they do not find what they need here.
With only 30 pending sales (down 3 from the previous month), buyers are either getting more picky or they have searched through all the available inventory and are not finding what they want. Hear that sellers! With just 127 homes available (down 1 from the previous month), buyers 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 October 2017 looked like!
Bonaire Georgia Homes Sales
With 25 homes sales in Bonaire Georgia in October 2017 (decrease by 13 from the previous month), this market has slowed after strong sales most of the year. The 12-month average home sales in this community is 36 houses exchanging hands each month. With colder weather on the way, a dip in sales is typical and likely.
The average days on market for home sales in Bonaire Georgia this past month was 82 days (from listing to closing). That is 9 days off than the 12-month average (73 days). As a comparison, it only took 46 days to close homes (on average) this time last year.
The average sales price came in at $227K+ which was $3K more than the previous month, and $14K higher than the 12-month average. The total was also $21K 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 exceptional coming in at 99.73% last month. The 12-month average is at 98.89%. 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 Bonaire Realtor® 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 5 months of available inventory (127 homes) to choose from. To review the home sales in Bonaire Georgia in October 2017 as well as other closing information, check out the following statistics:
- Average Sales Price: $227,370
- Median Sales Price: $235,900
- Number of Monthly Sales: 25
- Number of Distressed Sales: 2
- Average Days-On-Market, Sold Homes: 82
- Average Sales Price /List Price Ratio: 99.73%
- Highest Priced Sale: $364,900
- Lowest Priced Sale: $94,900
- Highest Priced Listing: $625,000
- Lowest Priced Listing: $66,900
- Largest Home on the Market: 7,986 sq ft
- Smallest Home on the Market: 1070 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 31005
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.