Home Sales in Bonaire Georgia 31005
May 2018 Market Report
Home sales in Bonaire GA this past month took a huge leap forward as summer buyers came out in force and found the available properties to their liking. With more inventory available (hear that sellers), the number could have been even higher. Currently, this is a severe sellers market with very few houses and a dismal amount large amount of fresh inventory hitting the market. It is a great time to get your home sold, so if you have been waiting, the time to put it on the local market is now! went up. 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 57 closings last month. That is 18 more closings than the previous month. While consumers are still purchasing properties in Bonaire GA, it is vitally important that new inventory become available soon. With only 1+ 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.
Fortunately, pending sales this past month were also on the uptick. There was 53 pending sales, up 13 over the previous month. It still bears repeating for sellers though…your home must be priced right and well maintained if you want it to sell in this market. With only 78 homes available (down 30 from 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 this past month looked like!
Bonaire Georgia Homes Sales
With 53 homes sales in Bonaire GA, this market remained a viable 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 41 closings. With summer already here, there is plenty 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 65 days (from listing to closing). That is 1 day better than the 12-month average of 66 days. As a comparison, it took 52 days to close homes (on average) during this time-frame last year.
The average sales price came in at $226K+ which was $9K more than the previous month, and $6K higher than the 12-month average. The total was $22K better 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 99.63% last month. The 12-month average is at 98.79%. 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 (78 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: $226,053
- Median Sales Price: $222,900
- Number of Monthly Sales: 57
- Number of Distressed Sales: 5
- Average Days-On-Market, Sold Homes: 65
- Average Sales Price /List Price Ratio: 99.63%
- Highest Priced Sale: $408,250
- Lowest Priced Sale: $80,000
- Highest Priced Listing: $779,500
- Lowest Priced Listing: $89,900
- Largest Home on the Market: 6,279 sq ft
- Smallest Home on the Market: 1,245 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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