What are Perry GA Homes Worth in November 2016?
Real estate consumers who want to know what are Perry homes worth in November 2016 have come to the right place. That question and more will be answered in this month’s market report. This analysis helps both buyers and sellers make wise choices about the market in Perry GA.
This sellers market (3 months of available homes) still has plenty of good choices for buyers but new inventory would certainly be appreciated. While sellers do have the upper hand, they must ensure their property is show ready and market priced to entice buyers.
Is it a good time to buy a home in Perry GA? Is it time to list your property? Let’s check out what Perry homes are worth in November 2016!
Homes Sales in Perry GA
Home sales climbed again this past month, coming in as the highest total (tied) in the past year. The 35 closings was not expected but definitely appreciated! It was a 5 sale rise over the previous month and 21 more than the same time-frame last year. It was also 9 closings higher than the 12-month average of 26 home sales. With 16 pending sales (down 16 from the previous month), this market should see a slight letdown as 2017 arrives.
Currently, Perry Georgia only has 97 homes for sale (down 13 from the previous month). This past month the average sales price came in at $167K+ (up $10K over the previous month). While buyers found plenty of homes they liked, the majority of sales were in mid-tier price points this month. There was 1 distressed sale which slightly affected the average sales price in this market.
The number of days on the market for homes that sold came in at 138 days. While not ideal, it was great to see some older inventory finally leave the market. The 12-month average is 103 days. If your property is market priced, you should expect it to sell in this market!
Although consumers have reasonable real estate opportunities in Perry GA, it is smart for potential sellers to make sure they are maintaining their home in top shape, updating where they need to, and market pricing their property to ensure they have a good opportunity to have their home seen and sold quickly in this city.
How can both buyers and sellers gain an advantage in the Perry GA Real Estate market? Employ the services of a local Perry Real Estate Agent who knows and understands the nuances of this market.
Perry Real Estate Market Summary
Currently, the Perry real estate market favors sellers with 3 months of available inventory (97 homes) to choose from. The averages and totals for the real estate market in Perry Georgia are as follows:
- Average Sales Price: $167,607
- Median Sales Price: $159,000
- Number of Monthly Sales: 35
- Number of Distressed Sales: 1
- Average Days-On-Market, Sold Homes: 138
- Average SP/LP Ratio: 98.12%
- Highest Priced Sale: $440,000
- Lowest Priced Sale: $57,500
- Highest Priced Listing: $1,200,000
- Lowest Priced Listing: $15,000
- Largest Home on the Market: 10,128 sq ft
- Smallest Home on the Market: 1,025
If one of the homes for sale in Perry GA catches your attention, now is the right time to act, to ensure you have a realistic opportunity to purchase the property before the market is flooded with new buyers.
Find Perry GA Homes for Sale
For a complete list of available real estate in Perry GA, visit Available Perry 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!
You can check out last month’s report here: Perry GA Real Estate Report for October 2016.
So…What are Perry homes worth in November 2016?
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.