Byron GA Real Estate Market in December 2016
It looked for awhile like this market would avoid the winter slumber that many middle GA markets experience this time of year but it appears buyers were not impressed this past month. To find out all the details and understand exactly what are Byron homes worth in December 2016, stay tuned for all the information you can handle.
With only 48 properties to pick from (up 3 over the previous month), this sellers market is in need of new inventory. Do you hear that potential sellers…now is a great time to get your property seen and sold in Byron GA!
Because there are so few homes to choose from, buyers and investors need to be prepared to make a decent offer if they find a home they really want. There is a good chance a delay could cost them the property as many other buyers are also out looking for homes in this city.
What can you expect from this Byron GA real estate report? Let’s take a look and preview what Byron homes are worth in December 2016!
Byron GA Homes Sales
This past month there were 16 Byron GA homes that exchanged hands. This was 3 below both the 12-month average as well as the previous monthly total. In comparison, there were 17 sales over the same time frame last year. Despite low inventory, buyers are still finding some of their needs met in this market, but many are also finding homes in other areas of middle GA more to their liking because there is more inventory elsewhere.
The average sales price went down this past month as consumers found homes in the mid-tier range to their satisfaction. There is no reason for sellers to be alarmed. Market priced properties are selling! The average sales price for homes that sold came in at $153K+. That was $15K less than the previous month. The 12-month average is $152K. In comparison, homes sold for $162K during this month last year.
The average number of days on market for homes that sold came in at 89 days. The 12-month average is 77 days on the market. The sales price to list price ratio (SP/LP) for sold homes was a very respectable 99.08%. The 12-month average SP/LP is 97.39%. When 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 3 months of available inventory (48 homes) for consumers to choose from. Buyers who are interested in knowing what are Byron homes worth in December 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: $153,522
- Median Sales Price: $150,950
- Number of Monthly Sales: 16
- Number of Distressed Sales: 2
- Average Days-On-Market, Sold Homes: 89
- Average Sales Price /List Price Ratio: 99.08%
- Highest Priced Sale: $243,665
- Lowest Priced Sale: $82,500
- Highest Priced Listing: $495,000
- Lowest Priced Listing: $79,000
- Largest Home on the Market: 7,338 sq ft
- Smallest Home on the Market: 1,329 sq ft
When sellers market price their homes and keep them well maintained, they have every opportunity to get seen and sold in Byron GA right now! Get your home listed and reap the rewards.
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 November 2016.
SO…What Are Byron Homes Worth In December 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.