Home Sales in Perry GA 31069
AUGUST 2017 MARKET REPORT
The home sales in Perry Georgia this past month took a surprising dip as real estate consumers found homes in other middle GA areas more to their liking. The lack of inventory is certainly not helping. We will get to the bottom of it so stay with me as we analyze this community and provide key details about the real estate market in Perry GA!
The real estate market in Perry only had 25 closings in August. While that is much less than the previous month (34 closings) there is still time for this market to rebound and finish the summer on a high note. In comparison, 35 properties found new owners during the same time-frame last year. With only 3+ months of inventory to choose from, it appears buyers are ready for new inventory. All the more reason for homeowners to get their homes on the market!
With 23 pending sales (up 5 over the previous month), the uptick is a good sign as we start the slow dance into the cooler months. However, with just 88 houses available (up 9 over the previous month), consumers need to be prompt when they find a house they want to call their own or run the risk of losing the property to another buyer who is willing to make a quick offer.
Let’s go ahead and take a longer look and check out all the details for the home sales in Perry Georgia in August 2017!
Perry Georgia Homes Sales
With 25 homes sales in Perry Georgia in August 2017 (decrease by 9 from the previous month), if new homes do not hit this market soon there will be little chance of a late year rebound. The annual average home sales is 30 sales so the decrease this past month was a bit of a surprise since sales are typically higher during the warmer months.
The average days on market for home sales in Perry Georgia this past month was 44 days (from listing to closing). This is a positive sign as buyers did not waste time when they found what they wanted. The 12-month average is 85 days. As a comparison, it took homes 115 days to change hands during the same time-frame last year.
The average sales price came in at $134K+ which was $38K less than the previous month and $14K lower than the same time-frame last year. The 12-month average is $154K. No reason for alarm just yet…it was good to see some of the lower priced inventory exchange owners. 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 98.41% last month. The 12-month average is 98.16%. When consumers locate a house that meets their needs, they are making decent offers, giving sellers an incentive to negotiate and sell their home. 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 Perry GA Real Estate market? Employ the services of a local Top Perry Real Estate Agent who understands all of the ups-and-downs and twists and turns of this market.
Perry GA Real Estate Market
Currently, the Perry GA real estate market favors sellers with 3+ months of available inventory (88 homes) to choose from. To review the home sales in Perry Georgia in August 2017 as well as other closing information, check out the following statistics:
- Average Sales Price: $134,870
- Median Sales Price: $126,000
- Number of Monthly Sales: 25
- Number of Distressed Sales: 1
- Average Days-On-Market, Sold Homes: 44
- Average Sales Price /List Price Ratio: 98.49%
- Highest Priced Sale: $257,000
- Lowest Priced Sale: $60,000
- Highest Priced Listing: $850,000
- Lowest Priced Listing: $20,900
- Largest Home on the Market: 10,128 sq ft
- Smallest Home on the Market: 936 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 Perry GA!
Find Perry GA Homes for Sale
For a complete list of available real estate in Perry GA, visit Perry GA Available Homes for Sale. Make sure and subscribe to my newsletter so you do not miss out on any Perry home deals!
Call me at (478) 960-8055 to determine what your Perry GA home is worth in this market or so we can discuss your home buying needs. I look forward to assisting with all your Perry GA real estate needs and hope !
Review The Home Sales in Perry GA in May 2017
Statistics represent single family homes and townhouses in Perry 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.