Byron GA Real Estate Market in August 2016
Wondering what are Byron Georgia homes worth in August 2016? Of course you are! 😉 Check out all the details including information about the current real estate market in Byron GA. You can also preview where this market is likely going in the near future.
With only 52 properties on the market (down 8 from the previous month), this sellers market has precious few options for consumers right now. However, the market can shift quickly so buyers and investors should be prepared to act quickly if a home they are interested in hits the market in this city.
What can you expect from this report? Let’s take a peek under the hood and check out what are Byron Georgia homes worth in August 2016!
Byron GA Homes Sales
This past month there were 21 Byron GA home sales. That was the highest total in the past 12 months, 2 closings more than the previous month, and 12 more sales over the same time frame last year. The 12-month average is 16 sales. This is fantastic news considering the lack of inventory. When sellers market price their homes and keep them well maintained, they have every opportunity to get seen and sold in this market!
The average sales price went down this past month which is more an indicator that homes in lower price points closed than anything else. The average sales price for homes that sold came in at $139K+. That was $24K lower than the previous month. The 12-month average is $149K. In comparison, homes sold for only $124K during this month last year.
The average number of days on market for homes that sold came in at an outstanding 33 days. The 12-month average is 77 days on the market.
The sales price to list price ratio (SP/LP) for sold homes was an outstanding 99.02%. The 12-month average SP/LP is 97.49%. When accurately market priced, Byron GA homes will sell closer to full price.
How can both buyers and sellers gain an advantage in the real estate market in Byron GA? Employ the services of a local Byron GA Real Estate Agent who understands all of the ups-and-downs of this market.
Byron GA Real Estate Market
Currently, the Byron GA real estate market favors sellers with 2 months of available inventory (52 homes) for consumers to choose from. Buyers who are interested in knowing what are Byron Georgia homes worth in August 2016 can review the following averages and totals for this past month to get a glimpse of the market activity in this community:
- Average Sales Price: $139,165
- Median Sales Price: $139,000
- Number of Monthly Sales: 21
- Number of Distressed Sales: 2
- Average Days-On-Market, Sold Homes: 33
- Average Sales Price /List Price Ratio: 99.02%
- Highest Priced Sale: $205,000
- Lowest Priced Sale: $75,000
- Highest Priced Listing: $495,000
- Lowest Priced Listing: $35,000
- Largest Home on the Market: 7,338 sq ft
- Smallest Home on the Market: 1,295 sq ft
Find Byron GA Homes for Sale
For a complete list of available real estate in Byron GA and all of Houston County, search for real estate in Byron GA. If you want homes that meet your criteria sent to you when they hit the market, subscribe for new listings so you do not miss out on any Byron home deals!
As always, call me at (478) 960-8055 to find out what your Byron GA home is worth or so we can discuss your housing needs. I would love the opportunity to earn your trust and business in this market!
You can check out last month’s report here: Byron GA Real Estate Report for July 2016.
SO…What Are Byron Georgia Homes Worth In August 2016?
Statistics represent single family homes and townhouses in Byron GA (Source: CGMLS) for the referenced month. Information is deemed reliable, but not guaranteed.
The data related to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) Program of Central Georgia MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.