Home Sales in Centerville GA 31028
OCTOBER 2017 MARKET REPORT
This market is such an anomaly, often doing the opposite of what other markets in Houston County are doing. This month is no different. With the lowest amount of available inventory, you would expect sales to plummet, but instead sellers prospered this past month. Let’s check out the home sales in Centerville Georgia for last month and see if this market is still a viable option as the holidays approach.
This is the smallest real estate market in Houston County so if the numbers look lower than in other areas, do not be alarmed. The real estate market in Centerville GA saw 14 closings last month. That is 10 more than the previous month and 7 above the 12-month average.
However, with only 8 pending sales (down 4 from the previous month), this market may come back down to earth over the next few months. With only 22 homes available (down 2 from the previous month), if buyers find a house they are interested in, they need to be prompt with their offer or risk losing the home to a more aggressive buyer.
Let’s go ahead and take a deep dive and to review what the home sales in Centerville Georgia in October 2017 looked like! Stay tuned for all the details.
Centerville Georgia Homes Sales
With 14 homes sales in Centerville Georgia in October 2017 it will take another month to determine if this trend means the market has picked back up or not. The monthly average home sales is 7 houses in this city. To keep sales going strong, sellers must make sure they listen to their real estate agent and market pricing their home.
The average days on market for home sales in Centerville Georgia this past month was 44 days (from listing to closing). That is a 37 day improvement over the 12-month average of 81 days. For comparison, it took homes 58 days to close (on average) during this time last year.
The average sales price this past month was $158+ which was $19K more than the previous month and $10K above the 12-month average. Homes for sale have a decent opportunity to be seen and sold 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 this past month coming in at 100.73% last month. The 12-month average is 97.75%. When consumers find a house they want, they are typically making reasonable offers giving sellers an incentive to negotiate and sell their property. What they 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 Centerville GA Real Estate market? Employ the services of a local Top Centerville Realtor® who understands all of the ups-and-downs and twists and turns of this market.
Centerville GA Real Estate Market
Currently, the Centerville GA real estate market favors sellers with 1+ month of available inventory (22 homes) to choose from. To review the home sales in Centerville Georgia in October 2017 as well as other closing information, check out the following statistics:
- Average Sales Price: $158,035
- Median Sales Price: $129,950
- Number of Monthly Sales: 14
- Number of Distressed Sales: 0
- Average Days-On-Market, Sold Homes: 44
- Average Sales Price /List Price Ratio: 100.73%
- Highest Priced Sale: $348,000
- Lowest Priced Sale: $77,500
- Highest Priced Listing: $475,000
- Lowest Priced Listing: $76,000
- Largest Home on the Market: 4,725 sq ft
- Smallest Home on the Market: 1,435 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 Centerville GA!
Find Centerville GA Homes for Sale
For a complete list of available real estate in Centerville GA, visit the Available Centerville GA Homes for Sale. Make sure and subscribe to my newsletter so you do not miss out on any Centerville home deals!
Call me at (478) 960-8055 to find out what your Centerville GA home is worth or so we can discuss your home buying needs. As always, I look forward to assisting with your residential real estate needs in this community.
Preview the Home Sales in Centerville Georgia During October 2017
Statistics represent single family homes and townhouses in Centerville 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.