Home Sales in Bonaire Georgia 31005
February 2021 Bonaire Market Report
Nearly paralleling last month, perhaps the recent dip in sales is an indicator home sales in Bonaire GA may continue to decline in the short term. With limited inventory, buyers’ choices are currently limited in this market. In this sellers market, a fresh new supply of available properties would be very helpful to build momentum as we inch closer to spring.
Do you hear that homeowners? Now is a great time to get your property listed, viewed, and sold in the Bonaire real estate market. What are you waiting for? Call me and let’s discuss your options!
The home sales in Bonaire GA totaled 29 closings this past month. That is 1 less than the previous month. With only 1 month worth of homes for consumers to choose from, there is little doubt both buyers and investors will start to look elsewhere in Houston County if they do not find a home they like here. Now is the time sellers…get your property listed in this market!
There was 40 pending sales this past month. That is an uptick over the previous two months which is encouraging as buyers found what they were looking for at a price they could afford. However, with only 28 houses available, buyers should be prepared to act fast when they find a Bonaire GA home that meets their needs. Any delay could cost them an opportunity to own that property. It really is that simple right now!
Stay with me as we deep dive into this market and what home sales in Bonaire Georgia looked like this past month and where they are likely headed in the near future.
Bonaire Georgia Homes Sales
With 29 Bonaire Georgia homes sales, this market slowed considerably as the lack of available homes for sale finally caught up with this community. As a comparison, during the same time frame last year, there was 34 closings. The average number of homes sales in Bonaire GA (per month) over the past 12 months is 51 properties exchanging hands. There are still deals to be had which should be an incentive for buyers and investors 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 29 days (from listing to contracted). That is 4 days quicker than the 12-month average of 33 days. As a comparison, it took 35 days to close homes (on average) during this time-frame last year. Quick closures are always a testament to both motivated buyers and sellers.
The average sales price came in at $242K+. That is $2K above the previous month and the 12-month average. The total was $6K higher 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 99.78% last month. The 12-month average is at 99.51%. 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 1 month of available inventory (28 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: $242,562
- Median Sales Price: $187,000
- Number of Monthly Sales: 29
- Number of Distressed Sales: 0
- Average Days-On-Market, Sold Homes: 29
- Average Sales Price /List Price Ratio: 99.78%
- Highest Priced Sale: $549,900
- Lowest Priced Sale: $120,000
- Highest Priced Listing: $385,500
- Lowest Priced Listing: $79,900
- Largest Home on the Market: 4,674 sq ft
- Smallest Home on the Market: 1,242 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 how much your Bonaire GA home is worth or so we can discuss your specific housing needs. I know this market incredibly well and can assist with all your Bonaire residential real estate needs. ~ Anita ~
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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