Home Sales in Kathleen GA 31047
OCTOBER 2017 MARKET REPORT
With limited inventory, home sales in Kathleen Georgia continue to go in a downward spiral. Yes, homes are still being closed but new inventory is definitely a must if the fall drop will become a rise during the winter months. To find out what this means, and how it may affect the Kathleen real estate market going forward, check out the information below and see if it is still a good time to enter this market.
The real estate market in Kathleen GA saw 24 homes make it through closing during this past month. That is a decrease of 5 sales from the previous month. In comparison, there were only 18 home sales during the same time-frame last year. However, with only 3 months of available houses to pick from, it is important for homeowners who are considering joining this market to do so while buyer interest is still high in this market.
With only 17 pending sales (down 5 from the previous month), it appears as if consumers are either finding a home quickly in this market or moving on to other parts of Houston County for their real estate needs. With only 88 homes available (1 less than the previous month), this market could be priming for a slowdown as cooler weather begins to arrive. Time will tell!
No reason to delay so let’s go ahead and take a longer look to see what the home sales in Kathleen Georgia 31047 in October 2017 looked like!
Kathleen Georgia Homes Sales
With 24 homes sales in Kathleen Georgia in October 2017 (down 5 from the previous month), this market appears to have slowed down as consumers prepare for the holidays. The monthly average home sales is 28 closings. Is it time for potential sellers to get their inventory listed so consumers will continue to look for a home that fits their needs in this community? I believe it is.
The average days on market for home sales in Kathleen Georgia this past month was good coming in at 60 days (from listing to closing). That is a 5 day improvement over the 12-month average of 65 days but 7 days less than the same time-frame last year.
The average sales price came in at $228K+ which was $28K more than the previous month, up $15K over the same as this time-frame last year, and $7K above the 12-month average of $219K+. 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 very good at 99.05% last month. The 12-month average is 98.50%. When buyers and investors find a home they want, they are making decent 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 Kathleen GA Real Estate market? Employ the services of a local Top Kathleen Realtor® who understands all of the ups-and-downs and twists and turns of this market.
Kathleen GA Real Estate Market
Currently, the Kathleen GA real estate market favors sellers with 3+ months of available inventory (88 homes) to choose from. To review the home sales in Kathleen Georgia in October 2017 as well as other closing information, check out the following statistics:
- Average Sales Price: $228,738
- Median Sales Price: $249,644
- Number of Monthly Sales: 24
- Number of Distressed Sales: 0
- Average Days-On-Market, Sold Homes: 60
- Average Sales Price /List Price Ratio: 99.05%
- Highest Priced Sale: $306,000
- Lowest Priced Sale: $125,900
- Highest Priced Listing: $629,000
- Lowest Priced Listing: $148,000
- Largest Home on the Market: 5,652 sq ft
- Smallest Home on the Market: 1,336 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 Kathleen GA!
Find Kathleen GA Homes for Sale
For a complete list of available real estate in Kathleen GA, visit the Available Kathleen GA Homes. Make sure and subscribe to my newsletter so you do not miss out on any Kathleen home deals!
Call me at (478) 960-8055 to find out what your Kathleen GA home is worth or so we can discuss your housing needs. The right home and/or buyer is out there…let me help you find it/them!
Preview the Home Sales in Kathleen Georgia in October 2017
Statistics represent single family homes and townhouses in Kathleen Georgia (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.