Home Sales in Byron GA 31008
August 2017 Market Analysis
Without doubt, there is an immediate need for more homes on the market if sellers want to see a continued increase in home sales in Byron Georgia 31008! With just over 1 months worth of available properties for buyers and investors to check out, new sellers would be in a good position to get their home seen and sold.
The good news is there was 31 Byron GA real estate closings in August. This represents the highest total in the past 12 months (same as July)! It is also 10 closings more than the the same time-frame last year. As a point of reference, the 12-month average is 22 sales per month.
There are currently only 20 pending sales (down 6 from the previous month), which is an indicator that buyers may begin to start looking elsewhere in Houston County to find their dream home. With just 42 homes available (down 2 from the previous month), there is no better time to get your home listed in Byron GA.
Let’s go ahead and peel it back and see what the home sales in Byron Georgia in August 2017 looked like!
Byron Georgia Homes Sales
With 31 homes sales in Byron Georgia in August 2017 (same as the previous month), this market has remained remarkably steady despite the low number of available homes. A good tip for buying consumers is to be prepared to make a firm offer when you find a home in Byron GA you want, as others are actively looking as well, and any delay could cost you an opportunity to purchase the home.
The average number of days on market for home sales in Byron Georgia this past month was decent, coming in at 58 days (from listing to closing). That is 1 day off the previous month but 11 days better than the 12-month average of 69 days.
The average sales price came in at $165K which was $29K more than the previous month, $26K higher under the same time-frame last year, and $12K above the annual average of $153K. As a reminder, houses in every price points have a good opportunity to sell in this market right now, especially if they are market priced and well maintained!
The sales price to list price ratio (SP/LP) was solid, coming in at 98.04% last month. The 12-month average is 97.95%. When consumers find a property that fits their needs, they are making legitimate offers, giving sellers every reason to negotiate in good faith to come to an agreement on the house. What buyers and investors are not doing is overpaying in this market right now, despite the shortage of inventory.
How can both buyers and sellers gain an advantage in the current Byron GA Real Estate market? Employ the services of a local Top Byron Real Estate Agent who understands all of the ups-and-downs and twists and turns of this market.
Byron GA Real Estate Market
Currently, the Byron GA real estate market favors sellers with slightly more than 1 month of available inventory (44 homes) to pick from. To review the home sales in Byron Georgia in August 2017 as well as other closing information, check out the following statistics:
- Average Sales Price: $165,409
- Median Sales Price: $170,000
- Number of Monthly Sales: 31
- Number of Distressed Sales: 4
- Average Days-On-Market, Sold Homes: 58
- Average Sales Price /List Price Ratio: 98.04%
- Highest Priced Sale: $280,000
- Lowest Priced Sale: $97,000
- Highest Priced Listing: $480,000
- Lowest Priced Listing: $55,200
- Largest Home on the Market: 7,338 sq ft
- Smallest Home on the Market: 1,329 sq ft
This is a good real estate market to be part of for buyers, investors, and sellers. Do not delay or you may miss out on the home of your dreams in Byron GA!
Find Byron GA Homes for Sale
For a complete list of the available real estate in Byron GA and all of Houston County, search all the available Byron GA homes for sale. As always, subscribe to my newsletter so you do not miss out on any Byron home deals!
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 know this market incredibly well and can assist with all your residential real estate needs in this market.
Review the Home Sales in Byron Georgia in June 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.