How Did Bonaire Real Estate Perform Last Month?
Not even the threat of hurricane fallout could deter buyers in the real estate market in Bonaire GA this past month. Despite only 2 months worth of available inventory to pick from, consumers still had a good time, finding homes to their liking in this Houston County GA market.
Bonaire GA real estate agents have to be pleased that both buyers and investors are making life easy for their seller clients. It is a decent time to get your home seen and sold in this community right now, especially if the home is market priced to start with. If you are not quite sure about listing your home, do not delay, or you may miss the opportunity to have the upper hand!
So, what happened during August in the Bonaire real estate? This market analysis outlines the current status and what the short-term outlook looks like. If you have questions about this market or want help with your Bonaire real estate needs, contact me and let me put my market expertise to work for you.
Active Bonaire GA Homes For Sale
As of this article (September 12th), there are 133 houses for sale in Bonaire GA. The highest priced listing in this market is currently available at $654,900 and the lowest is only $92,820. Square footage of available properties ranges from 1,070 feet to 7,986. Also, there are plenty of properties available in every price points to meet the needs of real estate buyers.
Consumers who are looking for a fixer-upper have limited choices as there are currently only 3 distressed properties available on the Bonaire real estate market. Fortunately, there has not been an increase in foreclosure/short sale homes in the past quarter.
The highest priced home for sale in Bonaire is a home located at 115 Southshore Court. Available for $654,900, this 7.9K+ square foot home has 5 bedrooms, 4 bathrooms, a 3-car garage, and an inground pool. Is this the home for you?
Sale Pending Bonaire Single Family Homes
Currently, there are 35 Bonaire homes in the queue to close. This represents an increase of 6 houses over the previous month which bodes well for this market heading into autumn. Of the 35 properties, 2 are distressed houses that could require a bit of work.
With favorable market conditions at the moment, savvy sellers are making sure their home is ready for buyer viewings, updated as appropriate, and priced according to the current market conditions. While they have the upper hand in this sellers market (2+ months of inventory), properties that are not in good shape will sit on this market.
Bonaire GA Single Family Homes Sold For August 2017
There was a total of 54 home sales in Bonaire GA during the month of August 2017. This represents the highest number of monthly sales in the past year (the annual average is 37 closings) and is 22 more closings than the same time period last year. The average sale price for these homes was nearly $203K and they took an average of 38 days to sell! The 12-month average for both of these categories is $210K+ and 68 days on market.
The average days on the market was decent for this community but sellers should not get complacent. Listen to your agent and ensure your home is market priced to give it the best opportunity to get seen and sold. The sales price to list price ratio in August was 98.31%, slightly off the 12-month average of 98.77%.
The most expensive sale in Bonaire real estate during August 2017 sold for $374K. The lowest priced sale was a bargain at $60K. In addition, 2 of the closings this past month were distressed homes.
What Can Bonaire GA Residents Expect Regarding Real Estate In The Coming Months?
You can expect plenty of buyer competition when you are ready to make an offer on a property you like. There are a lot of consumers out looking for homes and this community is where many start their search. Be prepared for a bidding war if you are not ready to write an offer as soon as you decide the house is what you have been looking for. Any delay could cost you the home!
Like all markets in Houston County, an infusion of new inventory would continue to keep buyer interest at a high level. More importantly, it would keep those consumers looking in Bonaire GA and not elsewhere in middle GA.
Your Bonaire GA Real Estate Professional
This Bonaire GA real estate market report for August 2017 was provided by Anita Clark. Anita is a licensed residential real estate agent in Bonaire GA for Coldwell Banker SSK, Realtors.
You can find Anita on numerous social media networks or via her Bonaire Real Estate Blog. She is an active online real estate marketer who loves helping residential real estate consumers in Houston County GA.
If you have more questions about the Bonaire real estate market, you can call or text Anita at 478-960-8055 or by e-mail at firstname.lastname@example.org.
**The information provided in this real estate market analysis was generated via the Central Georgia Multiple Listing Service (CGMLS) at the time/date this market report was published. All information is deemed accurate, but not guaranteed.**