Home Sales in Bonaire GA 31005 – January 2018 Market Report
For the third month in a row, home sales in Bonaire GA dropped. A shortage of inventory, colder weather, and buyer apathy all took their toll and this market paid the price. Stay tuned and learn the latest news about this real estate market to include what is currently happening and where this market is likely headed.
The real estate market in Bonaire saw 28 sales in January. That is a decrease of 5 closings from the previous month. In comparison, there was only 22 sales during the same time-frame last year. While consumers are still purchasing properties in Bonaire GA, it is vitally important that new inventory become available soon. With only 3 months worth of houses to pick from, both buyers and investors will start to look elsewhere in Houston County if they do not find what they need here.
Fortunately, pending sales have gone way up this past month. In fact there are 44 pending sales (up 21 over the previous month). Hear that homeowners…if your home is priced right and is well maintained, it stands every opportunity to sell right now. However, with just 98 homes available (same as the 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 January 2018 looked like!
Bonaire Georgia Homes Sales
With 28 homes sales in Bonaire Georgia in January 2018, this market took another dip. Unfortunately, the number of homes sales is behind the 12-month average of 38 closings. With colder weather here, serious buyers will need to brave the elements to find what they want in early 2018.
The average days on market for home sales in Bonaire Georgia this past month was 66 days (from listing to closing). That is exactly the same as the 12-month average. As a comparison, it took 82 days to close homes (on average) this time last year.
The average sales price came in at $193K+ which was $42K less than the previous month, and $20K lower than the 12-month average. The total was $28 below 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 coming in at 98.29% last month. The 12-month average is at 98.63%. 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 GA 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 (98 homes) to choose from. To review the home sales in Bonaire Georgia in January 2018 as well as other closing information, check out the following statistics:
- Average Sales Price: $193,919
- Median Sales Price: $189,144
- Number of Monthly Sales: 28
- Number of Distressed Sales: 3
- Average Days-On-Market, Sold Homes: 66
- Average Sales Price /List Price Ratio: 98.29%
- Highest Priced Sale: $406,053
- Lowest Priced Sale: $72,000
- Highest Priced Listing: $481,185
- Lowest Priced Listing: $37,900
- Largest Home on the Market: 5,231 sq ft
- Smallest Home on the Market: 902 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.