Home Sales in Bonaire Georgia 31005
July 2018 Market Report
Not surprisingly, home sales in Bonaire GA dipped a bit this past month. The previous 2 months saw record highs so it is no surprise that a drop off was going to occur. With very limited inventory this market is in danger of more sales drops if new inventory does not become available soon! Hear that sellers…it is a very good opportunity to get your home seen and sold in the Bonaire real estate market right now. Stay with me as we determine where this real estate market currently is and where it is likely headed.
The real estate market in Bonaire had 49 closings last month. That is 10 less sales than the previous month. Typically, sales do not start to drop off until fall arrives so a rebound this next month would be a welcomed treat. With only 2+ month worth of homes to choose from, both buyers and investors will start to look elsewhere in Houston County if they do not find what they need here.
Pending sales dropped slightly this past month but that is more a product of low inventory over anything else. There was 39 pending sales, down 1 from the previous month. For sellers…your home must be priced right and well maintained if you want it to sell in this market. With only 116 homes available (up 9 over the previous month), buyers should be prepared to act fast 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!
Let’s jump in and take a deeper dive to see what the home sales in Bonaire Georgia this past month looked like!
Bonaire Georgia Homes Sales
With 49 homes sales in Bonaire GA, this market remained a good option for buyers with plenty of upside for sellers as well. As a comparison, the average number of homes sales over the past 12 months is 42 closings. With families looking to relocate during the summer, there is a lot of incentive for buyers to get out and preview the available inventory in this market.
The average days on market for home sales in Bonaire Georgia this past month was 33 days (from listing to closing). That is 29 days better than the 12-month average of 62 days. As a comparison, it took 69 days to close homes (on average) during this time-frame last year.
The average sales price came in at $244K+ which was $368K more than the previous month, and $25K higher than the 12-month average. The total was also $8K more 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 excellent coming in at 98.92% last month. The 12-month average is at 98.89%. 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 2+ month of available inventory (116 homes) to choose from. To review the home sales in Bonaire GA this past month as well as other closing information, check out the following statistics:
- Average Sales Price: $244,304
- Median Sales Price: $239,900
- Number of Monthly Sales: 49
- Number of Distressed Sales: 0
- Average Days-On-Market, Sold Homes: 33
- Average Sales Price /List Price Ratio: 98.92%
- Highest Priced Sale: $435,000
- Lowest Priced Sale: $115,000
- Highest Priced Listing: $779,500
- Lowest Priced Listing: $87,000
- Largest Home on the Market: 6,279 sq ft
- Smallest Home on the Market: 1,000 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 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.
Preview the Home Sales in Bonaire GA 31005
Statistics represent single family homes and townhouses in Bonaire GA (Source: CGMLS) for the referenced month. Information is deemed reliable, but not guaranteed.
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