Home Sales in Byron Georgia in February 2017
Were the home sales in Byron GA in February 2017 strong or did this market slow down for winter? Does this market favor buyers? Maybe sellers have the upper hand? Stay tuned and find out all the facts about this real estate market!
With 64 houses to pick from (up 9 over the previous month), it has been good to see several new listings hit the market so far this year. If this trend continues, the spring market may see a lot of sales. 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 with their quality offer if they find a home they really want. With more buyers than inventory, 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 February 2017 and see if there is hope for a strong spring market.
Byron GA Homes Sales
This past month there were 14 Byron GA home closings. This was 5 below the 12-month average and represents the second lowest total in the past year. In comparison, there were 17 sales over the same time frame last year. Sellers should not panic but they do need to understand that buyers are not going to pay beyond market value for homes in this city. 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 back up this past month as consumers found homes in the mid-tier price range to their satisfaction. The average sales price for homes that sold came in at $168K+. That was $31K more than the previous month. The 12-month average is $153K. In comparison, homes sold for $131K during this month last year (on average).
The average number of days on market for homes that sold came in at a decent 66 days. The 12-month average is 73 days on the market. The sales price to list price ratio (SP/LP) for sold homes was 96.90%. 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 (64 homes) for consumers to choose from. Buyers who are interested in knowing more details about the home sales in Byron GA in February 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: $168,432
- Median Sales Price: $165,000
- Number of Monthly Sales: 14
- Number of Distressed Sales: 0
- Average Days-On-Market, Sold Homes: 66
- Average Sales Price /List Price Ratio: 96.90%
- Highest Priced Sale: $296,000
- Lowest Priced Sale: $90,000
- Highest Priced Listing: $495,000
- Lowest Priced Listing: $79,000
- Largest Home on the Market: 7,338 sq ft
- Smallest Home on the Market: 1,075 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 January 2017.
Check Out the Home Sales in Byron GA in February 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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