Warner Robins GA Single Family Home Report
July 2018 Edition
For the second consecutive month, home sales in the Warner Robins GA real estate market dropped. There are plenty of buyers and investors out looking, but with low inventory, those consumers are often moving on to other communities in Houston County to satisfy their home buying needs. Hear that homeowners....in this sellers market, it is a good time to get your home on the market!
As a, top real estate agent in Warner Robins GA you can bet I am doing everything in my power to help consumers find what they seek in this city. With buyers waiting for specific properties, as soon as a house makes its way onto the market, those consumers are getting in for a preview. As a potential seller, if you are on the fence about entering this market, perhaps this report will change your mind.
So, what happened last month in the Warner Robins real estate market? This market analysis outlines the current market conditions as well as what the short-term outlook for this city looks like. Stay turned for all the key details.
Active Warner Robins GA Homes For Sale
As of this article, there are a total of 265 homes for sale in Warner Robins GA. The highest priced listing in this market is currently available at $539K+ and the lowest is only $7K+. Square footage of available properties ranges from 768 feet up to 5,874. Also, there are homes available in several different price points to meet the needs of nearly all real estate consumers.
Buyers who are looking for a fixer-upper bargain may want to check out the 8 distressed properties currently on the Warner Robins GA real estate market. Fortunately for sellers, the number of foreclosure/short sale homes has remained steady over the past quarter. As a note, these properties can affect appraisals and future sales prices in the communities where they sell.
The highest priced home for sale in Warner Robins is a home located at 403 Avondale Circle. Available for $539K+, this 5.2K+ square foot home has 5 bedrooms, 6 bathrooms, and a host of amenities worth checking out.
Sale Pending Warner Robins Single Family Homes
Currently, there are 86 Warner Robins homes that are pending sale. This represents 7 less than the previous month! As new inventory becomes available, this number should go back up. All the more reason to get your property listed now. Of these 86 pending sales, 5 homes are distressed.
With conditions squarely in their favor, smart sellers are ensuring their homes are 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 (2+ month of inventory), properties that are not in good shape will definitely sit on this market.
Warner Robins GA Single Family Homes Sold
There was a total of 99 home sales in Warner Robins GA last month. This represents the 5th highest number of monthly sales in the past year (the monthly average this past year is 96 closings). The average sale price for these homes was $168K+ and they took an average of 35 days to sell! The 12-month average for both of these categories is $150K+ and 50 days.
The average days on the market was decent this past month and is a reminder to sellers to ensure they continue to market price their home and keep it show ready if they want buyers to take interest. The sales price to list price ratio was 97.94%, slightly off the 12-month average of 98.42%.
As a comparison, during the same time frame last year, the average sales prices was $137K+ and it took properties 45 days to close. The sales price to list price ration was 97.43% and 114 properties exchanged hands.
The most expensive sale in Warner Robins real estate last month sold for $665K+. The lowest priced sale was $22K. In addition, only 4 of the closings this past month were distressed homes which could have a slight impact on appraisal values in the affected neighborhoods for the remainder of the year.
What Can Warner Robins 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 Warner Robins GA home right now. 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 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 Warner Robins real estate market.
A Warner Robins Real Estate Agent You Can Trust
This Warner Robins GA real estate market report was provided by Anita Clark. Anita is a licensed residential real estate agent in Warner Robins GA. She works at Coldwell Banker SSK, Realtors.
You can find Anita on numerous social media networks or via her Warner Robins GA Real Estate Blog. She is an active online real estate marketer who loves helping residential real estate consumers in Houston County GA.
Check out the latest details and find the right market for your needs. Happy middle GA house hunting!
**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.**