Byron GA Single Family Home Report - February 2018 Edition
Despite a lack of inventory, homes sales went up this past month in the real estate market in Byron GA. However, with just 1+ month of properties to choose from, new inventory is definitely needed if this market will bounce back in time for spring. This is a good opportunity for homeowners to list their property, get it seen, and potentially sold right now. 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 do everything they can for their clients, showing every available home, and writing contracts as quickly as buyers and investors commit to purchasing a property. If you are not sure about entering the Byron GA real estate market, this market review may help change your mind!
So, what happened last month 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
Currently, there are 39 houses for sale in Byron GA. The highest priced listing in this market is currently available at $354,500 and the lowest is only $34,900. Square footage of available properties ranges from 1,186 feet up to 3,546. 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 only 3 distressed properties to pick 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 15 Courtney Drive. Available for $354,500, this 3.56K+ square foot home has 4 bedrooms, 4 bathrooms, and a host of amenities worth checking out.
Sale Pending Byron Single Family Homes
Currently, there are 23 Byron homes that are pending sale. This represents a 4 house increase over the previous month. Of these 23 houses, zero are distressed. This market is fighting back after a recent slowdown. With an influx of new inventory, it could rebound even faster. 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+ month of inventory), properties that are not in good shape will sit on this market.
Byron GA Single Family Homes Sold For February 2018
There was a total of 25 home sales in Byron GA during the month of February 2018. This represents the sixth highest number of monthly sales in the past year (the annual average this past year is 24 sales). The average sale price for these homes that closed last month was $142K+ and they took an average of 32 days to sell! The 12-month average for both of these categories is $152K+ and 49 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 last month was 97.67%, slightly off the 12-month average of 98.36%. When their homes are market priced, sellers are reaping the rewards.
The most expensive sale in Byron real estate during February 2018 sold for $320,000. The lowest priced sale was $23,750. In addition, 5 of the closings 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 February 2018
- Bonaire GA Real Estate Market Report from Medium
This Byron GA real estate market report for February 2018 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.**