Bonaire Georgia Real Estate Market in August 2016
You can really tell summer has ended in this community as real estate sales have already started to drop off. If you want to know the current market conditions you will find those details as well as a look at what are Bonaire Georgia homes worth in August 2016 in this month’s report!
The real estate market in Bonaire GA has cooled considerably with only 32 sales this past month (18 less than the month before). In comparison, there were 29 closings this time last year. There is definitely an inventory shortage in this sellers market. We need more sellers to keep the Bonaire GA real estate market moving ahead as we enter autumn.
With 14 pending sales, up 2 over the previous month, consumers are still finding homes but the search is getting tougher. With only 129 properties available (down 17 from the previous month), sellers need to make sure their home stands out from the crowd (in a good way) to ensure buyers do not move on to other areas in Houston County for their home buying needs.
Let’s jump in and determine what are Bonaire Georgia homes worth in August 2016!
Bonaire GA Homes Sales
With just 32 Bonaire GA home sales last month, it can be tough for buyers to find what they are seeking in this market. Average days on market for homes that sold was 62 days this past month, improving on the 12-month average of 75 days.
The average sales price came in at $194K+, $5K higher than the previous month and $2K up on the 12-month average of $192K. Homes in all price points have a good opportunity to be seen and sold in this market right now, especially if they are market priced!
The sales price to list price ratio (SP/LP) was only 96.41% last month and was hindered slightly by the 4 foreclosure sales. The 12-month average is 98.49%. When buyers find a home they like, they are making firm offers giving sellers an incentive to negotiate and sell their property. What they are not doing is overpaying in this market.
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 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 4 months of available inventory (129 homes) to choose from. To see what are Bonaire Georgia homes worth in August 2016, check out the following statistics:
- Average Sales Price: $194,297
- Median Sales Price: $163,250
- Number of Monthly Sales: 32
- Number of Distressed Sales: 4
- Average Days-On-Market, Sold Homes: 62
- Average Sales Price /List Price Ratio: 96.41%
- Highest Priced Sale: $445,000
- Lowest Priced Sale: $55,500
- Highest Priced Listing: $849,900
- Lowest Priced Listing: $104,500
- Largest Home on the Market: 6,540 sq ft
- Smallest Home on the Market: 1,207 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 for real estate in Bonaire GA. 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.
You can check out last month’s report here: Bonaire GA Real Estate Report for July 2016
So…What Are Bonaire Georgia Homes Worth in August 2016?
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.