Bonaire GA Real Estate Market Report — February 2018 Edition
Bonaire GA Market Analysis for February 2018
It was good to see the Bonaire GA real estate market spring back to life this past month. With 42 sales (14 more than the previous month), there is hope the spring buyers are arriving. However, because this is still a sellers market, it is time for homeowners to hop off the fence and get their property listed. With only 2+ months of homes to choose from, interested buyers and investors are running out of options. Is this market good for buyers, sellers or both? Stay tuned for all the details.
Bonaire GA real estate agents continue to help consumers find the home of their dreams, despite a lack of inventory. Assuming new inventory starts to arrive, this could be a very good market for both buyers and sellers to be part of in the next month or two. There is no doubt about it…it is a great time for existing homeowners to list their home in Bonaire GA.
So, what happened last month in the Bonaire real estate market? This review outlines the current status and what the short-term outlook looks like. Let’s jump in and see what is going on in this community.
Active Bonaire GA Homes For Sale
As of this article, there are 109 houses for sale in Bonaire GA. That is 11 more than the previous month. The highest priced listing in this market is currently available at $481,185 and the lowest is $38,000. Square footage of available properties ranges from 1,158 feet to 5,231. Also, there are plenty of properties available in nearly every price point to meet the needs of real estate buyers.
Consumers who are looking for a fixer-upper have limited choices as there are currently only 4 distressed properties available in the real estate market in Bonaire GA. Fortunately, the foreclosure/short sale market has remained fairly low this entire past quarter.
The highest priced home for sale in Bonaire is a home located at 610 Cannock Court. Available for $481,185, this 4.3K+ square foot home has 4 bedrooms, 3 bathrooms, and plenty of other amenities to pique buyer interest. Is this the right home for your family?
Sale Pending Bonaire Single Family Homes
Currently, there are only 23 Bonaire homes waiting to close. This represents a 21 home decrease from the previous month. Of these 23 properties, one is a distressed house.
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), homes that are not in good shape will sit on this market.
Bonaire GA Single Family Homes Sold For February 2018
There was a total of 42 home sales in Bonaire GA during the month of February 2018. This represents the fifth highest number of monthly sales in the past year (the annual average is 39 sales). As a comparison, it is 15 closings more than the same time period last year. The average sale price for the homes that closed last month was $223K+ and they took an average of 83 days to sell! The 12-month average for both of these categories is $216K+ and 67 days on market.
The average days on the market was excellent 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 last month was 99.30%, an improvement over the 12-month average of 98.68%.
The most expensive sale in Bonaire real estate during February 2018 sold for $400K+. The lowest priced sale came in at $77K+. In addition, zero of the closings this past month were distressed homes.
What Can Bonaire GA Residents Expect 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 influx 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 for their dream home.
This Bonaire GA real estate market report for February 2018 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.
**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.**