Warner Robins GA Single Family Home Report - January 2018
The Warner Robins GA real estate market took a major hit this past month as low inventory and colder weather kept many consumers away. Home sales in January (66) went down by 47 closings over the previous month as buyers and investors were bullish, finding properties in other parts of Houston County more to their liking.
Fortunately, pending sales are way up so it appears the market is slowly righting itself, despite there only being 3 months of available homes for consumers to choose from. What this market is..is a good time for homeowners to get their home listed and seen!
As you would expect, real estate agents in Warner Robins GA are doing their utmost to get their clients into every property as quickly as possible. Because there are a lot of buyers, available inventory will get plenty of attention if it can be shown and is generally ready for viewings. As a potential seller, if you are on the fence about entering this market, perhaps this report will change your mind.
So, what happened during January in the Warner Robins real estate market? This review outlines the current status and what the short-term outlook for this city looks like. Stay turned for all the important details.
Active Warner Robins GA Homes For Sale
As of this article, there are a total of 228 houses for sale in Warner Robins GA. The highest priced listing in this market is currently available at $679,999 and the lowest is only $12,500. Square footage of available properties ranges from 672 feet up to 6,859. Also, there are homes available in several different price points to meet the needs of nearly all real estate consumers.
Buyers who are looking for a fixer-upper bargain may want to check out the 9 distressed properties currently on the Warner Robins GA real estate market. Fortunately for sellers, the number of foreclosure/short sale homes has remained steady over the past quarter. As a note, these properties can affect appraisals and future sales prices in the communities where they sell.
The highest priced home for sale in Warner Robins is a home located at 5 Willow Lake Drive. Available for $679,999, this 6.8K+ square foot home has 5 bedrooms, 5 bathrooms, and a host of amenities worth checking out.
Sale Pending Warner Robins Single Family Homes
Currently, there are 69 Warner Robins homes that are pending sale. This represents a 30% increase over the previous month. As new inventory becomes available, this number will remain strong...all the more reason to get your property listed now! Of these 69 pending sales, 4 houses are distressed.
With conditions squarely in their favor, smart sellers are ensuring their homes are ready for buyer views, updated as needed, and priced according to the current market conditions. While they have the upper hand in this sellers market (3+ months of inventory), properties that are not in good shape will definitely sit.
Warner Robins GA Single Family Homes Sold For January 2018
There was a total of 66 home sales in Warner Robins GA during the month of January 2018. This represents the lowest number of monthly sales in the past year (the annual average this past year is 96 closings).
The average sale price for these homes was $151K+ and they took an average of 64 days to sell! The 12-month average for both of these categories is $148K+ and 58 days. As a comparison, during the same time frame last year, the average sales prices was $134K+ and it took properties 83 days to close.
The average days on the market was steady this past month and is a reminder to sellers to ensure they continue to market price their home and keep it show ready if they want buyers to take interest. The sales price to list price ratio in January was outstanding at 103.97%, way up over the 12-month average of 98.33%.
The most expensive sale in Warner Robins real estate during January 2018 sold for $684,422. The lowest priced sale was $9,002 (yes, $9K). In addition, 9 of the sales this past month were distressed homes which could have a slight impact on appraisal values in the affected neighborhoods for the remainder of the year.
What Can Warner Robins GA Residents Expect Regarding Real Estate In The Coming Months?
You can expect plenty of competition when you are ready to make an offer on a Warner Robins GA home right now. This could mean a bidding war if you are not ready to write an offer as soon as you decide the property is the home you want. Just remember, any delay could cost you the home as plenty of other buyers are also out looking!
The amount of inventory and pending sales will be worth monitoring for the next few months to determine if this is a trend or just an anomaly. Time will tell if a host of fresh inventory hits the market and if buyers continue to find homes to their liking in the Warner Robins real estate market.
This Warner Robins GA real estate market report for January 2018 was provided by Anita Clark. Anita is a licensed residential real estate agent in Warner Robins GA for Coldwell Banker SSK, Realtors.
You can find Anita on numerous social media networks or via her Warner Robins 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.**