Home Sales in Bonaire Georgia 31005
January 2019 Market Report
A fresh year has brought new optimism and a slew of new buyers which increased home sales in Bonaire GA as the new year arrived. Sales are still slower than they were in the early part of the summer but that is to be expected during this time of year. To keep the momentum going, new inventory would really help this market going forward. Hear that homeowners…it is ta very good time to get your property seen and sold in the Bonaire real estate market. Stay with me as we determine where the real estate market in Bonaire currently is and where it is likely headed.
The home sales in Bonaire totaled 37 closings this past month. That is 4 more than the previous month. With only 2+ months worth of houses to pick from, you can bet consumers will start to look elsewhere in Houston County if they do not find what they need here. Now is the time sellers…get your house on the market!
There was 32 pending sales this past month. A 14 home increase over 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 93 houses available (down 5 from the previous month), buyers should be prepared to act fast when they find a Bonaire GA home that meets their needs. Any delay could cost them the house. It really is that simple right now!
Let’s go ahead and jump in, take a deep dive look, and see what the home sales in Bonaire Georgia this past month looked like!
Bonaire Georgia Homes Sales
With 37 homes sales in Bonaire GA, this market has begun to heat up despite the winter weather. During the same time frame last year, there were just 28 closings. As a comparison, the average number of homes sales over the past 12 months is 42 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 87 days (from listing to closing). That is 25 days slower than the 12-month average of 62 days. As a comparison, it took 66 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 $239K+. That is $14K better than the previous month, and $15K higher than the 12-month average. The total was $46K 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 99.70% last month (the highest total in the last year). The 12-month average is at 99.13%. 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 (93 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: $239,111
- Median Sales Price: $219,900
- Number of Monthly Sales: 37
- Number of Distressed Sales: 0
- Average Days-On-Market, Sold Homes: 87
- Average Sales Price /List Price Ratio: 99.70%
- Highest Priced Sale: $447,643
- Lowest Priced Sale: $97,000
- Highest Priced Listing: $779,500
- Lowest Priced Listing: $83,900
- Largest Home on the Market: 7,986 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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