Home Sales in Bonaire GA 31005
SEPTEMBER 2017 MARKET REPORT
The home sales in Bonaire Georgia finally took a downturn this past month after 8 months in a row of increasing sales. Sales this time of year typically begin to slow down so this is not an alarming statistic. For all the details 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 38 closings in September. That is a decrease of 16 closings from the previous month. In comparison, there was 45 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 only 3 months worth of homes to choose from (128 properties), consumers will begin to look elsewhere in Houston County if they do not find what they need here.
With only 33 pending sales (down 2 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 only 128 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 September 2017 looked like!
Bonaire Georgia Homes Sales
With 36 homes sales in Bonaire Georgia in September 2017 (decrease by 16 from the previous month), this market has finally come back down to earth after strong sales all year. The 12-month average home sales in this community is 37 properties exchanging hands each month. With colder weather on the way, it 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 decent at 62 days (from listing to closing). That is 8 days better than the 12-month average (70 days). As a comparison, it took 46 days to close homes (on average) this time last year.
The average sales price came in at $224K+ which was $22K more than the previous month, and $13K higher than the 12-month average. The total was also $17K 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 very good coming in at 98.90% last month. The 12-month average is at 98.79%. 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 Real Estate Professional 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 3 months of available inventory (128 homes) to choose from. To review the home sales in Bonaire Georgia in September 2017 as well as other closing information, check out the following statistics:
- Average Sales Price: $224,465
- Median Sales Price: $197,470
- Number of Monthly Sales: 36
- Number of Distressed Sales: 0 (Yay!)
- Average Days-On-Market, Sold Homes: 62
- Average Sales Price /List Price Ratio: 98.90%
- Highest Priced Sale: $695,000
- Lowest Priced Sale: $100,000
- Highest Priced Listing: $625,000
- Lowest Priced Listing: $57,000
- Largest Home on the Market: 7,986 sq ft
- Smallest Home on the Market: 1,212 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.