Home Sales in Byron Georgia in March 2017
Was there anything special or out of the ordinary for the home sales in Byron GA in March 2017? Was it a strong market for buyers and investors? Did sellers find things to their liking? Stay tuned for all the market information and detailed analysis for this middle Georgia housing market.
With only 61 properties to choose from (down 3 from the previous month), this market really needs an infusion of new listings. Now that spring has arrived it is an ideal time for potential sellers to get their home listed!
Because it is still a sellers market, buyers do need to be ready with their top offer if they find a home they really want. With more buyers than available homes, any delay could mean another consumer could get the home contracted while you waited.
Let’s take a look at the homes sales in Byron GA in March 2017 and see if there is hope for a strong spring market.
Byron GA Homes Sales
This past month there were 21 Byron homes that exchanged hands. This was 2 above the 12-month average and represents the fourth highest total in the past year. In comparison, there were only 14 sales over the same time frame last year. The key for sellers is to ensure they market price their home from the beginning. With plenty of inventory in other areas of Houston County, they will move on to those areas before they overpay.
The average sales price dipped slightly this past month but it should not alarm real estate consumers. Buyers found homes in mid-tier price points more to their liking this past month. The average sales price for homes that sold came in at $154K+. That was $14K less than the previous month. The 12-month average is $153K. In comparison, homes sold for $146K during this month last year (on average).
The average number of days on market for homes that sold came in at a solid 64 days. The 12-month average is 71 days on the market. The sales price to list price ratio (SP/LP) for sold homes was 98.60%. The 12-month average SP/LP is 97.84%. 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 almost 3 months of available inventory (61 homes) for consumers to choose from. Buyers who are interested in knowing more details about the home sales in Byron GA in March 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: $154,857
- Median Sales Price: $150,000
- Number of Monthly Sales: 21
- Number of Distressed Sales: 3
- Average Days-On-Market, Sold Homes: 64
- Average Sales Price /List Price Ratio: 98.60%
- Highest Priced Sale: $329,000
- Lowest Priced Sale: $27,800
- Highest Priced Listing: $294,500
- Lowest Priced Listing: $62,900
- Largest Home on the Market: 4,938 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 February 2017.
Check Out the Home Sales in Byron GA in March 2017
Statistics represent single family homes and townhouses in Byron GA (Source: CGMLS) for the referenced month. Information is deemed reliable, but not guaranteed.
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