August 2014 Market Report

By
Real Estate Agent with ERA Joyner Realty 331464

Home Prices in Valdosta, GA for August 2014


Real estate market data for Valdosta, GA  provided by Janice MacMillan of ERA Joyner Real Estate

 


Valdosta Home Prices

 

We have seen 6 straight months of stablizing home prices in Valdosta and expect things to continue to pick up.  If you are considering buying a home you can still find deals on a house in Valdosta but having a good real estate agent who understands the market is a must.  Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Valdosta home on which you are making an offer.

If you are interested in how much current inventory is on the market in Valdosta you can obtain that information by clicking on the link and contacting me. High inventory will suggest that homes are sitting on the market for longer. Currently in this area of Valdosta, homes have a average time of 131 days on the market before they sell. This would suggest that buyers are in a great position to make an aggresive offer on a home. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Lower inventory areas in Valdosta occassionally have multiple offers coming in on homes similar to what we saw back in 2007. I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But, as inventory decreases over time this is one indicator that prices should continue to rise. 

 

 


Valdosta Real Estate Report Summary


The median sales price in August for single family homes in Valdosta is $125,000

 

Find Homes for Sale in Valdosta, GA

Visit my website to search for homes in Valdosta or to be notified when Valdosta homes come on the market.

To find out what you home is worth in the current market email me or call 229.834.0946.

Lowndes Georgia County Market Report

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If you are interested in BUYING or SELLING a home in Lowndes County or the surrounding area and want a professional consultation on current market conditions, please contact me at 229.834.0946  or e-mail me at janice.macmillan@mchsi.com or visit my website at  http://lowndescountyhomes.com

 

 

Janice MacMillan, Associate Broker

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Janice MacMillan

Associate Broker
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