Centerville GA Single Family Home Report for March 2018
This is one of the smaller communities in middle GA so do not alarmed (unless I point out something specific) if you see wide swings from month to month. A small change can have a big impact for the real estate market in Centerville GA.
For instance, this market clearly favors sellers right now. With under 3 months of available inventory, new listings would make a world of difference for consumers who want to live in this city. Despite the low number of available homes, home sales in Centerville GA doubled last month (10), representing the second highest total number of monthly home sales in the past year. What can buyers, investors, and sellers expect from this market? Stay with me as we determine the current state and where this market is likely headed in the near-term.
Thankfully, Real estate agents in Centerville GA continue to show homes to their clients as quickly as new inventory is available. That is a great reason homeowners need to make sure their home is show ready and market priced at all times!
So, what happened in the Centerville real estate market this past month? 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 28 houses for sale in Centerville GA. The highest priced listing in this market is currently available at $429,900 and the lowest is $79,900. Square footage of available properties ranges from 1,086 feet up to 4,301. 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 only 1 distressed house available in the Centerville real estate market. Fortunately, 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 impact on both appraisals and sales prices.
The highest priced home for sale in Centerville is a home located at 89 Pembroke Point. Available for $429,900, this 4.3K+ square foot home has 4 bedrooms, 4 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. 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 12 pending homes in this city, zero are distressed.
Despite low availability, 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 their home is not.
Centerville GA Single Family Homes Sold In March 2018
There was a total of 10 home sales in Centerville GA last month. This represents the 2nd highest number of monthly sales in the past year (the monthly average this past year is 7 closings). The average sale price for these homes was $202K+ and they took an average of 27 days to sell! The 12-month average for both of these categories is $157K+ and 53 days from listed to sold.
The average days on the market was lower than expected 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 last month was 96.19%, which was off the 12-month average of 98.32%.
The most expensive sale in Centerville real estate last month sold for $459K. The lowest priced sale was $125K. Two of the sales this past month were distressed homes. 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 GA Residents Expect In The Coming Months?
In this 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.
A Centerville Real Estate Agent You Can Trust
This Centerville GA real estate market report for March 2018 was provided by Anita Clark. Anita is a licensed residential real estate agent in Centerville GA. She works 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.
More Houston County Real Estate Market Reports for March 2018
- Byron GA Real Estate Market Report at Huliq
Check out the latest details and find the right market for your needs.
**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.**