Property sales through the Multiple Listing Service dropped in Houston and area in 2018 compared to 2017, reports the B.C. Northern Real Estate Board.

Bonaire GA Real Estate Market Report – January 2018 Edition

Bonaire GA Market Analysis for January 2018

No surprise as the Bonaire GA real estate market continued to show stress as home sales dipped for the third month in a row in this sellers market. Although there were 28 closings (5 less than the previous month), new inventory hitting the market was scarce which may not bode well for the immediate future in this market. With 3 months of homes to choose from, interested consumers are running out of options so an influx of newly available homes is desperately needed. Is this market good for buyers, sellers or both? Stay tuned for all the details.

Bonaire GA real estate agents continue to help both buyers and investors seek the home of their dreams in this market, despite a lack of inventory. Their efforts would be made easier if new listings were available to view. Hear that sellers…Now is a great time for existing homeowners to list their home in Bonaire GA.

So, what happened last month in the Bonaire real estate? This market 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 98 houses for sale in Bonaire GA. That is exactly the same as the previous month. The highest priced listing in this market is currently available at $481,185 and the lowest is $37,900. Square footage of available properties ranges from 902 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 44 Bonaire homes waiting to close. This represents a 21 home increase over the previous month. Of these 44 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 (3+ months of inventory), homes that are not in good shape will sit on this market.

Bonaire GA Single Family Homes Sold For January 2018

There was a total of 28 home sales in Bonaire GA during the month of January 2018. This represents the tenth highest number of monthly sales in the past year (the annual average is 38 closings). As a comparison, it is 6 sales more than the same time period last year. The average sale price for the homes that closed last month was $193K+ and they took an average of 66 days to sell! The 12-month average for both of these categories is $213K+ and 66 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 98.29%, an improvement over the 12-month average of 98.63%.

The most expensive sale in Bonaire real estate during January 2018 sold for $406K+. The lowest priced sale came in at $72K+. In addition, 3 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.

More Houston County Real Estate Market Reports For January 2018

This Bonaire GA real estate market report for January 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.**