Home Sales in Byron Georgia in January 2017
What do home sales in Byron GA in January 2017 look like? Does this market favor buyers and investors? Perhaps sellers are in a strong position? Maybe the market is a good fit for all Byron GA real estate consumers? Stay tuned to find out all the details about this market!
With 55 houses to choose from (up 7 over the previous month), there has been an influx of new listings on the market this past month. If this trend continues, the spring may be a balanced real estate market. All the more reason for potential sellers to get their home listed so buyers can get in for a preview!
Because it is still a sellers market, buyers do need to be ready to present a decent offer if they find a home they really want. With more buyers than inventory, any delay could cost them the home as many other consumers are also out looking for homes in this city.
What can you expect from this Byron GA real estate report? An honest assessment! Let’s take a look at the homes sales in Byron GA in January 2017 and see if there is hope for a strong spring market.
Byron GA Homes Sales
This past month there were only 12 Byron GA homes that closed and 3 of those were distressed properties. This was 7 below the 12-month average and represents the lowest total in the past year. In comparison, there were 16 sales over the same time frame last year. It is not time for sellers to panic but it should be a wake-up that buyers and investors are not going to pay beyond market value for homes in this community. With plenty of inventory in other areas of Houston County, they will move on to those areas before they overpay.
The average sales price went down this past month as consumers found homes in the lower-tier range to their satisfaction. The average sales price for homes that sold came in at $137K+. That was $16K less than the previous month. The 12-month average is $150K. In comparison, homes sold for $161K during this month last year.
The average number of days on market for homes that sold came in at 85 days. The 12-month average is 75 days on the market. The sales price to list price ratio (SP/LP) for sold homes was a very respectable 98.04%. The 12-month average SP/LP is 97.49%. 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 4+ months of available inventory (55 homes) for consumers to choose from. Buyers who are interested in knowing more details about the home sales in Byron GA in January 2017 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: $137,235
- Median Sales Price: $140,000
- Number of Monthly Sales: 12
- Number of Distressed Sales: 3
- Average Days-On-Market, Sold Homes: 85
- Average Sales Price /List Price Ratio: 98.04%
- Highest Priced Sale: $283,000
- Lowest Priced Sale: $30,979
- Highest Priced Listing: $495,000
- Lowest Priced Listing: $94,900
- Largest Home on the Market: 7,338 sq ft
- Smallest Home on the Market: 1,272 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 December 2016.
Check Out the Home Sales in Byron GA in January 2017
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.