Byron GA Real Estate Market Report - December 2017 Edition

By
Real Estate Agent with ColdwellBanker SSK Realtors ~ 478.960.8055 anita@cbssk.com
http://activerain.com/droplet/59nG

Byron GA Single Family Home Report - December 2017 Edition

As expected, the real estate market in Byron GA has finally started its slow winter hibernation as a combination of low inventory and cold weather drove many buyers and investors indoors this past month. With less than 2 months of available properties to choose from, new inventory is needed if this market expects to rebound this next quarter and see robust spring sales.

This is a great time for homeowners to take advantage and jump into this market. With so few homes to pick from, nearly every available property is getting long looks from consumers.

Real estate agents in Byron GA continue to show both buyers and investors all the available homes, and those properties that meet their needs are typically getting under contract quickly. If you are not sure about entering the Byron GA real estate market, this market review may help change your mind!

So, what happened in December in the Byron real estate market? This report outlines the current status and details the short-term outlook for this city too. Stay tuned for all the market analysis and details.

Active Byron GA Homes For Sale

As of this writing, there are a total of 38 houses for sale in Byron GA. The highest priced listing in this market is currently available at $260,000 and the lowest is only $27,900. Square footage of available properties ranges from 1,329 feet up to 5,504. Also, there are homes available in numerous price points to meet the needs of all real estate buyers.

Buyers and investors who are looking for a fixer-upper have 2 distressed properties they can choose from this month. Unfortunately for sellers, there has been a slight increase in foreclosure and/or short sale homes in the past quarter which can affect appraisals and future sales prices.

The highest priced home for sale in Byron is a home located at 109 Orchard Park Drive. Available for $260,000, this 2.6K+ square foot home has 3 bedrooms, 2 bathrooms, and a host of amenities worth checking out.

Sale Pending Byron Single Family Homes

Currently, there are only 14 Byron homes that are pending sale. This represents a decrease of 4 properties from the previous month. Of these 14 houses, 3 homes are distressed. There is no doubt, this market has slowed down. With an influx of new inventory, it could rebound quickly though. Time will tell how this market tilts in the coming months.

With conditions squarely in their favor, smart sellers are ensuring their home is 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 (1+ months of inventory), properties that are not in good shape will sit on this market.

Byron GA Single Family Homes Sold For December 2017

There was a total of 24 home sales in Byron GA during the month of December 2017.  This represents the sixth highest number of monthly sales in the past year (the annual average this past year is 23 sales). The average sale price for these homes that closed last month was $172K+ and they took an average of 53 days to sell! The 12-month average for both of these categories is $154K+ and 56 days. Clearly, consumers found properties in the lower price points to their liking this past month.

The average days on the market was unremarkable this past month and is a reminder to sellers to ensure they continue to market price their home if they want buyers to take interest. The sales price to list price ratio in December was 97.75%, slightly off the 12-month average of 98.27%. When their homes are market priced, sellers are reaping the rewards.

The most expensive sale in Byron real estate during December 2017 sold for $369,900. The lowest priced sale was $28,250. In addition, 4 of the sales this past month were distressed homes, which may have a slight impact on appraisal values in the affected neighborhood for the remainder of the year.

What Can Byron 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 Byron GA home. 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 low 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 Byron real estate market.

More Houston County Real Estate Market Reports For December 2017

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

You can find Anita on numerous social media networks or via her Byron 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.**

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Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Love your style Anita Clark  great information on Byron Ga  why call any other agent when you can call the BEST

Jan 20, 2018 01:46 PM #1
Rainmaker
1,068,223
Michele Cadogan-Cell 917-861-9166
Fillmore Real Estate 2926 Ave J Brooklyn NY 11210 - Brooklyn, NY
Licensed Real Estate Associate Broker -

A home owner in Byron GA thinking of selling their home, should try to avoid the spring competiion now that there is lull and invenorty is low and contact your  Georgia real estate agent     for your professional service

Jan 20, 2018 04:54 PM #2
Rainmaker
4,003,577
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 

Jan 21, 2018 02:38 AM #3
Rainmaker
2,159,834
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Appreciate the comps, Hannah.

I am ready to help with their needs. Thanks Michele.

My pleasure Gita.

Jan 21, 2018 04:02 AM #4
Rainmaker
4,607,705
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Families moving to the area will love your local real estate market reports.

Jan 24, 2018 03:12 PM #5
Rainmaker
2,159,834
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Thanks Roy. If they help consumers make an informed decision, I am pleased.

Jan 24, 2018 03:24 PM #6
Rainmaker
4,607,705
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Good Friday morning, Anita. Have a great day and a very special weekend.

Jan 26, 2018 06:56 AM #7
Rainmaker
4,256,097
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Anita.  Thanks for keeping us informed about the real estate market in Byron GA.

 

Jan 27, 2018 04:34 AM #8
Rainmaker
2,159,834
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Busy with buyers all weekend but that is a-ok with me, Roy.

My pleasure. Thanks for stopping by, Gabe.

Jan 27, 2018 04:48 AM #9
Rainmaker
2,572,092
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

There’s always a bit of a slow growth, or rather, a slow down of things in NY too. That’s kind of to be expected.

Feb 02, 2018 11:31 PM #10
Rainmaker
2,159,834
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Laura: Often the cooler the weather the cooler the market is.

Feb 03, 2018 12:42 PM #11
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Rainmaker
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Anita Clark

Realtor - Homes for Sale in Warner Robins GA
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