Home Sales in Bonaire GA 31005
JULY 2017 MARKET REPORT
If I was asked in a word what the home sales in Bonaire Georgia were like, I would call it “steady“. Both sales and active listings have remained relatively stable over the last quarter with plenty of homes changing hands. Stay tuned as this report will show you where this market is at, where it is likely headed, as well as provide plenty of real estate advice and tips for both buyers and sellers in Bonaire GA.
The real estate market in Bonaire had 48 houses make it through closing in July. That is an increase of 2 sales over the previous month. In comparison, there was 50 sales during the same time-frame last year. With less than 3 months of available inventory to choose from, it is not yet critical but both buyers and investors have limited options right now. Fresh inventory is needed now which means potential sellers need to get their property ready and on the market as quickly as they can.
With only 29 pending sales (down 15 from the previous month), the rest of the summer could be a letdown for this market if changes are not made quickly. With only 132 homes available (exactly the same as the previous month), consumers should be decisive when they find a house that meets their needs in Bonaire GA. Any delay could cost them the property.
Let’s go ahead and take a deeper dive to see what the home sales in Bonaire Georgia in July 2017 looked like!
Bonaire Georgia Homes Sales
With 48 homes sales in Bonaire Georgia in July 2017 (increase of 2 over the previous month), this market continues to see homes change hands. The 12-month average home sales is 35 closings but it is not unusual to see higher sales during the warmer months.
The average days on market for home sales in Bonaire Georgia this past month was decent coming in at 69 days (from listing to closing). That is one day better than the 12-month average of 70 days but 18 days off the same time-frame last year.
The average sales price came in at $238K+ which was $4K better than the previous month, $49K more than the same time-frame last year, and $29K higher than the 12-month average of $209K. 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 solid at 98.61% last month. The 12-month average is the same at 98.61%. 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 nearly 3 months of available inventory (132 homes) to choose from. To review the home sales in Bonaire Georgia in July 2017 as well as other closing information, check out the following statistics:
- Average Sales Price: $238,469
- Median Sales Price: $226,200
- Number of Monthly Sales: 48
- Number of Distressed Sales: 1
- Average Days-On-Market, Sold Homes: 69
- Average Sales Price /List Price Ratio: 98.61%
- Highest Priced Sale: $790,000
- Lowest Priced Sale: $89,500
- Highest Priced Listing: $674,900
- Lowest Priced Listing: $57,000
- 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.