Home Sales in Centerville GA 31028
AUGUST 2017 MARKET REPORT
It is good to see steady home sales in Centerville Georgia again this past month after a lackluster start to the summer. With 4+ months of available inventory to pick from, it is not always easy for buying consumers to find homes that fit their needs right now. All the more reason for potential sellers to get their home listed
This is the smallest real estate market in Houston County so if the numbers look smaller than in other areas in this county, do not be alarmed. The real estate market in Centerville GA saw 8 closings last month. That is exactly the same as the previous month but 5 less than the same time-frame last year.
With only 4 pending sales (down 4 from the previous month), this market may be cooling down prematurely. With only 34 homes available (up 11 over the previous month), if consumers find a property they really want, there is absolutely no time to delay in presenting a reasonable offer if they have any expectation of purchasing the property.
Let’s go ahead and take a longer look and review what the home sales in Centerville Georgia in August 2017 looked like! Stay tuned for all the details.
Centerville Georgia Homes Sales
With 8 homes sales in Centerville Georgia in August 2017 this market has remained steady for the past 2 months. The monthly average home sales is 7 properties. To keep sales increasing, sellers need to ensure they are listening to their agents’ and market pricing their home to get it seen and sold.
The average days on market for home sales in Centerville Georgia this past month was 92 days (from listing to closing). That is slightly off the 12-month average of 84 days. For comparison, it took homes 66 days to close (on average) during this time last year.
The average sales price this past month was $176K+ which was $6K more than the previous month and $28K over the 12-month average. Homes in all price points have a good 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 better this past month coming in at 97.43% last month. The 12-month average is 97.52%. 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 Real Estate Agent 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 just over 4 months of available inventory (32 homes) to choose from. To review the home sales in Centerville Georgia in August 2017 as well as other closing information, check out the following statistics:
- Average Sales Price: $176,812
- Median Sales Price: $179,000
- Number of Monthly Sales: 8
- Number of Distressed Sales: 0
- Average Days-On-Market, Sold Homes: 92
- Average Sales Price /List Price Ratio: 97.43%
- Highest Priced Sale: $292,000
- Lowest Priced Sale: $98,500
- Highest Priced Listing: $499,000
- Lowest Priced Listing: $65,000
- Largest Home on the Market: 4,906 sq ft
- Smallest Home on the Market: 1,136 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 August 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.