Home Sales in Warner Robins Georgia in February 2017
Home sales in Warner Robins GA in February 2017 took a much needed upswing as 84 properties changed hands this past month. That is 18 more than the same time-frame last year. If you are considering buying or selling a home in this city, this report should help you make an informed decision about the real estate market in Warner Robins.
Currently, sellers have the upper hand with only 3+ months of available inventory for both buyers and investors to pick from. With only 287 houses available (down 7 from the previous month), consumers must be prompt when they locate a home they are interested in. Any delay could cost them an opportunity to make an offer as other buyers are also out looking at homes.
No need to delay…let’s check out the details for the home sales in Warner Robins GA in February 2017 as well as the latest market news for this area.
Home Sales in Warner Robins GA
Sellers still have the upper hand in this real estate market but that has not stopped buyers and investors from looking, finding, and contracting properties when they locate what they want. As is always the case, sellers need to make sure their property is show ready at all times and market priced to ensure new buyer interest is piqued.
The 84 closings this past month was a good indicator the Warner Robins real estate market is starting to heat up after a lackluster start to the year. The 12-month average number of home sales in Warner Robins is 89 closings so the February numbers look pretty good considering this is not normally a top selling month. Buyers are out in force so sellers need to keep their home show ready if they want to go from listed to sold in Warner Robins right now.
With 84 pending sales (up 6 over the previous month), this market is poised to enter the spring market with plenty of closings. This past month the average sales price came in at nearly $157K, up over the 12-month average ($143K), and up $34K over the same time-frame last year. The sales price average could have been even better had it not been for the 10 distressed sales last month, dropping the average prices slightly.
The number of days-on-market for sold homes was 81 days, which was 16 days off the 12-month average (65 days). When market priced, homes typically move at a reasonable pace in this city. The sales price to list price ratio was 97.28%, coming in slighter below the 12-month average (97.43%).
How can both buyers and sellers gain an advantage in the Warner Robins GA Real Estate market? Employ the services of a local Warner Robins Real Estate Expert who understands this local real estate market.
Warner Robins Real Estate Market Summary
Currently, the Warner Robins real estate market favors sellers (3 months of available inventory (287 homes)). Below is a snapshot to help you understand all the details for the home sales in Warner Robins GA in February 2017. The averages and totals for the Warner Robins GA real estate market are as follows:
- Average Sales Price: $134156,946
- Median Sales Price: $138,500
- Number of Total Monthly Sales: 84
- Number of Distressed Sales: 10
- Average Days-On-Market, Sold Homes: 81
- Average SP/LP Ratio: 97.43%
- Highest Priced Sale: $485,000
- Lowest Priced Sale: $24,900
- Highest Priced Listing: $489,900
- Lowest Priced Listing: $14,900
- Largest Home on the Market: 5,874 sq ft
- Smallest Home on the Market: 720 sq ft
If you would like to review last month’s information, check out the Warner Robins GA Real Estate Report for January 2017. With plenty of available properties to choose from, you can definitely find what you need in this market. Happy home searching!
Find Warner Robins GA Homes for Sale
For a complete list of available real estate in Warner Robins GA, check out the Warner Robins GA Homes for Sale. In addition, subscribe to my real estate newsletter so you do not miss out on another Warner Robins home deal!
Call me at (478) 960-8055 to find out what your Warner Robins GA home is worth in this market or so we can discuss your housing needs. I look forward to talking with you and assisting with your real estate needs.
Check Out the Home Sales in Warner Robins GA in February 2017
Statistics represent single family homes and townhouses in Warner Robins GA (Source: CGMLS) for the referenced month. Information (as of the posting date) is deemed reliable, but not guaranteed.
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