This Warner Robins Georgia Real Estate Market Report provides a snapshot of the number of Warner Robins Georgia active listings, pending sales, and overall sales over the last 90 days. It also further breaks down the overall January 2013 market, providing both buyers and sellers in the Warner Robins real estate market a synopsis of how the market is currently performing, and what they can expect in the near term in this community.
Warner Robins Georgia Active Listings
The number of Warner Robins Georgia active listings went up nearly across the board in January 2013 (up 10% overall). Standard listings were up 12% and was a reflection of sellers who waited until the holidays were over before putting their homes on the market. There was a slight dip in Warner Robins foreclosures (reminder, foreclosures are lender owned properties) from December 2012. Also, the market experienced a 21% increase in short sales over the past 90 days. Short sales are homeowner owned but attempting to sell for less than is owed (with lender approval)).
Currently, the real estate market in Warner Robins is slanted towards buyers with nearly 10 months of available inventory for buyers to choose from. Sellers who are keen on entering the market need to ensure their home is well maintained and priced according to the current market conditions to have the best opportunity of selling.
Warner Robins Georgia Pending Sales
January was a good month as the number of Warner Robins Georgia pending sales went up for the 3rd straight month and 23% over the past 90 days. Serious buyers are out in force and purchasing homes that meet their requirements which is a great sign for spring as the market continues to rebound. Buyers are clearly taking advantage of the reasonable home prices and low interest rates at the moment.
In January, foreclosures continued to go under contract which is great news for this market and an indication that bargain homes are not lasting long. While there are not many short sales in this market, the number of pendings (3) remained steady.
Warner Robins Georgia Home Sales
A bit disappointing in January was the number of Warner Robins Georgia Home Sales that took place. Despite many homes entering the market and getting under contract, the sluggish standard sales significantly contributed to sluggish sales. The good news is distressed homes continue to sell in this market (up 37% in the past 30 days), leaving few foreclosure options for interested buyers.
The highest priced sale last month was $360,000 and the lowest was $14,900 (foreclosure).
How can both buyers and sellers gain an advantage in the Warner Robins real estate market? Employ the services of a local Warner Robins real estate agent who knows and understands the Warner Robins real estate market.
Warner Robins Real Estate Report Summary
Currently, the Warner Robins real estate market is a buyers market with nearly 10 months worth of homes on the market (372 homes). Overall, the January 2013 Warner Robins real estate averages and totals are as follows:
- Avg Sales Price: $124,747 (Down from Dec 2012, $126,346)
- # of Monthly Sales: 46 (Down from Dec 2012, 53)
- Avg Days-On-Market, Sold Homes: 129 (Up from Dec 2012, 92)
- Avg Sales Price to List Price Ratio: 95.59% (Down over Dec 2012, 96.39%)
- Highest Priced Listing: $595,000
- Lowest Priced Listing: $9,900 (foreclosure)
- Largest Home on the Market: 6,872 sq ft
- Smallest Home on the Market: 672 sq ft
- Median Price of Available Homes: $115,250
Homes for Sale in Warner Robins Georgia
For a complete list of available Warner Robins Real Estate, visit Homes for Sale in Warner Robins Georgia. Make sure and subscribe to my newsletter so you get notified as soon as homes for sale in Warner Robins Georgia hit the market.
Call me at (478) 960-8055 to find out what your Warner Robins home is worth or to discuss your housing needs.
Statistics represent homes and condos/townhouses for sale in Warner Robins Georgia (Source: CGMLS). Information is deemed reliable, but not guaranteed.
Warner Robins Georgia Real Estate Market Report, January 2013