Centerville GA Real Estate Market Report - November 2017 Edition

By
Real Estate Agent with Coldwell Banker Access Realty ~ 478.960.8055 anita@cbssk.com
https://activerain.com/droplet/58Yt

Centerville GA Home Report - November 2017 Edition

As one of the smallest communities in middle GA, it is no surprise that minor changes to the real estate market in Centerville GA can create such a large shift in this market. For instance, there are only 3+ months worth of inventory available yet this past month saw the fifth most home sales in any month this year (7).

What can buyers, investors, and sellers expect from this market? Stay with me as we peel back the layers to determine the current state and where this market is likely headed in the near-term.

Thankfully, Real estate experts in Centerville GA are quickly showing all the available inventory to consumers who are excited about calling this city their home. All the more reason for sellers to keep their home show ready and market priced at all times!

So, what transpired in November in the Centerville real estate market? Let's check out all the details and see if this market is the right one for you!

Active Centerville GA Homes For Sale

As of this article, there are a total of 25 houses for sale in Centerville GA. The highest priced listing in this market is currently available at $475,000 and the lowest is $65,000. Square footage of available properties ranges from 1,132 feet up to 4,725. Also, there are homes available in numerous price points to meet the needs of all real estate consumers.

Buyers who are seeking a fixer-upper have 4 distressed properties available in the Centerville real estate market. Fortunately for sellers, there has not been an increase in foreclosure/short sale homes this past quarter. That is good news as these properties can have a negative future effect on both appraisals and sales prices.

The highest priced home for sale in Centerville is a home located at 110 Jadestone Court. Available for $475,000, this 4.7K+ square foot home has 5 bedrooms, 3 bathrooms, and a host of amenities worth checking out.

Sale Pending Centerville Single Family Homes

This is the smallest real estate market in Houston County so do not let the numbers fool you. This past month, pending sales (7) dropped 50% from the previous month. The lack of inventory is starting to have an effect and new inventory is needed or buyers will find homes more to their liking in other middle GA communities. Of the 5 pending homes in this city, 1 property is a distressed house.

Although conditions favor sellers (3+ months of available inventory), homeowners must ensure their house is ready for visits, updated as needed, and priced according to the current market conditions.

Properties that are not in good shape will definitely sit, leaving owners scratching their heads wondering why other houses are selling and theirs is not.

Centerville GA Homes Sold For November 2017

There was a total of 7 home sales in Centerville GA during the month of November 2017. This represents the fifth highest number of monthly sales in the past year (the annual average this past year is 7 closings). The average sale price for these homes was $138K+ and they took an average of 31 days to sell! The 12-month average for both of these categories is $149K+ and 77 days from listed to sold.

The average days on the market remained steady this past month. It is a reminder to sellers that to be competitive, and ensure buyers take an interest in their home, they must market price the property. The sales price to list price ratio in November was outstanding, coming in at 103.12%, which improved on the 12-month average of 98.27%.

The most expensive sale in Centerville real estate during November 2017 sold for $235,000. The lowest priced sale was $106,000. Great news that only 1 of the sales this past month was a distressed home.

When distressed sales are present, they can have a slight impact on appraisal values in the affected neighborhoods for the remainder of the year.

What Can Centerville Residents Expect In Future Months?

In this sellers market you can expect plenty of competition. This could mean a bidding war if you are not ready to write an offer as soon as you decide the home is the property you have been looking for.

Just remember, any delay could cost you the home as plenty of other consumers are hitting the pavement and out looking too! The amount of inventory is worth monitoring for the next few months to determine if this market remains robust or starts to wane as cooler weather arrives.

Time will tell if a host of fresh inventory hits the market and if buyers continue to find homes to their liking in the Centerville real estate market.

More Houston County Market Reports for November 2017

This Centerville GA real estate market report for November 2017 was provided by Anita Clark. Anita is a licensed residential real estate agent in Centerville GA at Coldwell Banker SSK, Realtors.

You can find Anita on numerous social media networks or via her Centerville Real Estate Blog. She is an active online 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.**

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Show All Comments
Rainmaker
4,433,283
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing 

Dec 30, 2017 03:59 AM #1
Rainmaker
2,379,488
Anita Clark
Coldwell Banker Access Realty ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Much appreciated, as always, Gita.

Dec 30, 2017 04:40 AM #2
Rainmaker
4,799,256
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Anita.  Thanks for the update on the Centerville GA real estate market.

Dec 30, 2017 05:00 AM #3
Rainmaker
3,892,173
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Anita. Thanks for the update. Competition is driving pricing. Good time for sellers to list. Enjoy your day!

Dec 30, 2017 05:34 AM #4
Rainmaker
1,545,309
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Alexandria, VA
Alexandria Virginia Homes For Sale

Anita, there's a nice range of prices available in Centerville. Something for every buyers budget. When they're ready to start their home search you're the agent to contact. Your local knowledge and years of expertise are priceless. 

Dec 30, 2017 06:04 AM #5
Rainmaker
4,090,462
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Anita Clark ,

Love the presntation on the real estate activity in Centerville GA.  With your sellers market any delay could cost a buyer the home as plenty of other consumers are hitting the pavement and out looking too! Thank you for the update!

Dec 30, 2017 06:11 AM #6
Rainmaker
2,379,488
Anita Clark
Coldwell Banker Access Realty ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

You bet Gabe. Thanks for stopping by.

It sure is, especially in my sellers markets, Wayne.

Amanda: I am ready to assist new real estate consumers in this market!

That is very true, Dorie. Buyers need to be fast off the mark or risk losing the home.

Dec 30, 2017 07:03 AM #7
Rainmaker
1,604,476
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hello Anita, I like your presentation style, easy to read. With a limited inventory of homes, it's important for Centerville GA home buyers to act quickly and of course work with a local, knowledgeable REALTOR® like you. Wishing you and yours a very Happy, Healthy, Prosperous New Year!

Dec 30, 2017 09:48 AM #8
Rainmaker
2,379,488
Anita Clark
Coldwell Banker Access Realty ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Thanks Beth. A little behind but making up for lost time.

Dec 30, 2017 01:29 PM #9
Rainmaker
789,876
Chris B Johnson REALTOR®
Allison James Elite - Moorpark, CA
5 Star Rated REALTOR® Quality, Not Quantity

Dec 31, 2017 01:35 PM #10
Rainmaker
2,379,488
Anita Clark
Coldwell Banker Access Realty ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Same to you Chris.

Dec 31, 2017 02:00 PM #11
Rainmaker
4,602,679
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Anita, very nice presentation on Centerville GA, and here's to a wonderful 2018!  

Jan 14, 2018 06:19 AM #12
Rainmaker
2,379,488
Anita Clark
Coldwell Banker Access Realty ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Thanks Joan. It has been a very good start to the year.

Jan 14, 2018 01:55 PM #13
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Rainmaker
2,379,488

Anita Clark

Realtor - Homes for Sale in Warner Robins GA
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