Home Sales in Bonaire Georgia 31005
February 2018 Market Report
For the first time in 4 months, it was great to see home sales in Bonaire GA go up. Despite a severe inventory drought, colder weather, and picky buyers, there were still some deals to be had in this community for those who patiently waited for new homes to hit the market. Grab a cup of coffee and let me take you through this market, giving you a thorough analysis where it currently is and where it is most likely headed in the near future.
The real estate market in Bonaire had 42 properties exchange hands last month. That is 14 more sales than the previous month. In comparison, there were 27 closings during the same time-frame last year. While consumers are still purchasing properties in Bonaire GA, it is vitally important that new inventory become available soon. With only 2+ months worth of houses to pick from, both buyers and investors will start to look elsewhere in Houston County if they do not find what they need here.
Unfortunately, this market may limp into spring as pending sales went way down this past month. There were only 23 pending sales (down 19 from the previous month). That should be a warning to homeowners. You have to make sure your home is priced right and well maintained if you want it to sell in this market. With just 109 homes available (up 11 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!
No need to delay so let’s jump in and take a deeper dive to see what the home sales in Bonaire Georgia in February 2018 looked like!
Bonaire Georgia Homes Sales
With 42 homes sales in Bonaire GA in February 2018, this market started its climb out of the abyss but there is still much work to do to get back to comfortable levels. As a comparison, the average number of homes sales over the past 12 months is 39 sales. With warmer weather arriving, perhaps that will give consumers the incentive to check out the available inventory in this market.
The average days on market for home sales in Bonaire Georgia this past month was 83 days (from listing to closing). That is 16 days off the 12-month average of 67 days. As a comparison, it took 70 days to close homes (on average) during this time-frame last year.
The average sales price came in at $228K+ which was $35K more than the previous month, and $12K higher than the 12-month average. The total was also $28K above 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 decent coming in at 99.30% last month. The 12-month average is at 98.68%. 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+ months of available inventory (109 homes) to choose from. To review the home sales in Bonaire GA in February 2018 as well as other closing information, check out the following statistics:
- Average Sales Price: $228,821
- Median Sales Price: $248,332
- Number of Monthly Sales: 42
- Number of Distressed Sales: 0
- Average Days-On-Market, Sold Homes: 83
- Average Sales Price /List Price Ratio: 99.30%
- Highest Priced Sale: $400,325
- Lowest Priced Sale: $77,500
- Highest Priced Listing: $481,185
- Lowest Priced Listing: $38,000
- Largest Home on the Market: 5,231 sq ft
- Smallest Home on the Market: 1,158 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.
Review 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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