Real Estate Market in Centerville GA 31028 - March 2013

This report is an overview of the real estate market in Centerville GA for March 2013, giving both buyers and sellers a synopsis of the short term market, as well as a preview of where this market appears to be headed in the future.

The real estate market in Centerville GA 31028 is currently a stable market with only minor changes in the overall number of active listings, pending sales, and overall sales over the last 90 days.

Active Listings in Centerville GA 31028

Great news...this market is finally balanced after months of catering to buyers.  Moreover, there are ample active listings in Centerville GA 31028 making the outlook for both the spring and summer an optimistic one.  

More good news...for the third straight month the number of available foreclosures in Centerville GA has dropped!  As a reminder, a foreclosure is a lender owned property.

Status quo for the short sale market as no new properties made their way on the Centerville real estate scene in March.  Short sales are properties that are homeowner owned and they are attempting to sell for less than is owed (with lender approval).

Pending Sales in Centerville GA 31028

Up 29% from the previous 2 months, the pending sales in Centerville GA 31028 were a blessing, and give hope the trend will continue!   As is always the case, when homes are priced according to the current market conditions, good things typically happen.

More positive signs in this market...4 foreclosures in Centerville GA went under contract in March.  There are still a couple of distressed deals for investors, but they need to act fast to take advantage of this market.

Same old, same old for Centerville short sales as pending sales stayed at zero for the third month in a row.

Home Sales in Centerville GA 31028

Home sales in Centerville GA 31028 went up 35% (small sample size) as all parties worked hard to ensure closing snags were kept to a minimum in March 2013.  The highest priced sale last month was $379,000 and the lowest was $64,000.  

With new inventory and pending sales staying strong, 2013 is shaping up to be a solid year for consumers looking to purchase Centerville real estate.  

How can both buyers and sellers gain an advantage in the Centerville real estate market?  Employ the services of a local Centerville real estate agent who knows and understands the Centerville real estate market.

Real Estate Report for Centerville GA

This real estate report for Centerville GA gives a snapshot of what the March market experienced.  With 8 months of available inventory, the real estate market in Centerville GA favors neither buyers or sellers at the moment.  The overall March 2013 Centerville real estate averages and totals are as follows:

• Avg Sales Price: $194,507   (Up from Feb 2013, $186,753)
• Number of Sales: 6   (Up from Feb 2013, 4)
• Avg Days-On-Market, Sold Homes: 199   (Up from Feb 2013, 71)
• Avg SP/LP Ratio: 94.17    (Down from Feb 2013, 96.68%)
• Highest Priced Listing: $347,000
• Lowest Priced Listing: $59,900
• Largest Home on the Market: 3,972 sq ft
• Smallest Home on the Market: 1,050 sq ft
• Median Price of Available Homes: $144,950

Homes for Sale in Centerville GA

For a complete list of available Centerville Real Estate, visit Homes for Sale in Centerville GA.  Subscribe to my newsletter and get notified as soon as homes for sale in Centerville GA hit the market. Call me at (478) 960-8055 to find out what your Centerville GA home is worth or to discuss your housing needs.

Statistics represent homes and condos/townhouses for sale in Centerville GA (Source: CGMLS).  Information is deemed reliable, but not guaranteed.

Real Estate Market in Centerville GA 31028 - March 2013