Bonaire Real Estate Market in December 2016
Colder weather typically keeps buyers inside during this time of year but that has not been the case this year in Bonaire GA! They have been out in force and it shows with plenty of sales. If you want to know the current Bonaire real estate news, as well as a peek at what Bonaire homes are worth in December 2016, this months analysis is what you have been waiting for.
The real estate market in Bonaire GA saw 29 sales this past month (same as the month before). In comparison, there were only 16 closings this time last year. The sales numbers could have been even higher but inventory is limited right now (just under 4 months worth available). When potential sellers get their Bonaire GA home listed, the sales numbers should start to grow again.
With only 18 pending sales, down 6 from the previous month, consumers are still finding homes but the search is getting much more difficult. With only 108 houses available (up 1 over the previous month), sellers need to keep their home looking its best to have the best opportunity to sell right now.
No reason to delay so let’s jump in and determine what are Bonaire homes worth in December 2016!
Bonaire GA Homes Sales
With 29 Bonaire GA home sales last month (same as the previous month), this market appears to be in its winter slumber. The annual average home sales in this community is 35 closings. Average days on market for homes that sold was 93 days this past month, well off the the 12-month average of 73 days.
The average sales price came in at nearly $202K+, just $3K below the previous month, but $6K more than the 12-month average of $196K. 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 and well maintained!
The sales price to list price ratio (SP/LP) was an outstanding 99.61% last month and could have been even better had it not been for 2 distressed sales. The 12-month average is 98.63%. When buyers and investors locate a property 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.
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 nearly 4 months of available inventory (108 homes) to choose from. To see what are Bonaire homes worth in December 2016, check out the following statistics:
- Average Sales Price: $202,684
- Median Sales Price: $217,964
- Number of Monthly Sales: 29
- Number of Distressed Sales: 2
- Average Days-On-Market, Sold Homes: 93
- Average Sales Price /List Price Ratio: 99.61%
- Highest Priced Sale: $388,800
- Lowest Priced Sale: $40,000
- Highest Priced Listing: $849,900
- Lowest Priced Listing: $80,000
- Largest Home on the Market: 7,986 sq ft
- Smallest Home on the Market: 1,146 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 available Bonaire GA homes. 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 November 2016
So…What Are Bonaire Homes Worth in December 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.