What are Warner Robins GA Homes Worth in August 2016?
Despite low inventory, buyers are still finding plenty of good deals in the real estate market in Warner Robins GA. For buyers, investors, or sellers who have asked what are Warner Robins Georgia homes worth in August 2016, this report will provide the answer to that question. In this sellers market, buyers must be ready to act if they find a home they really like. There is way too much competition in real estate market in Warner Robins to do anything else right now.
Currently, this real estate market favors sellers with just 3 months of available inventory for buyers and investors to pick from. With only 304 properties to choose from (down 4 from the previous month), consumers do need to have a sense of urgency if they want to get the best deal in the Warner Robins real estate market.
No need to delay so let’s take a long look and determine what are Warner Robins Georgia homes worth in August 2016!
Home Sales in Warner Robins GA
Sellers clearly have the upper hand with very little new inventory hitting the streets. Buyers must be prepared to make a firm offer when they find the right house or it will be gone when they decide to take action. Sellers need to continue to have their home show ready and market priced to entice new buyers too.
The 101 closings this past month was the third highest total in the past year. The 12-month average number of home sales in Warner Robins is 84 closings. Sellers have an excellent opportunity to get their home seen and sold in Warner Robins GA at the moment.
With only 37 pending sales (down 40 from the previous month), this market is in need of new inventory. This past month the average sales price came in over $134K, off the 12-month average ($140K), and down $2K from the same time-frame last year too. The number could have been better had it not been for the 15 distressed sales last month, dropping the average prices slightly.
The number of days-on-market for sold homes was only 46 days which was an improvement over the 12-month average (74 days). When market priced, homes typically move at a reasonable pace in this community. The sales price to list price ratio was 97.67%, coming in slighter better than the 12-month average (97.63%)/
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 GA 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 (304 homes)). Below is a snapshot to help you understand what are Warner Robins Georgia homes worth in August 2016. The averages and totals for the Warner Robins Georgia real estate market are as follows:
- Average Sales Price: $134,750
- Median Sales Price: $119,900
- Number of Total Monthly Sales: 101
- Number of Distressed Sales: 15
- Average Days-On-Market, Sold Homes: 46
- Average SP/LP Ratio: 97.67%
- Highest Priced Sale: $390,000
- Lowest Priced Sale: $16,000
- Highest Priced Listing: $515,000
- Lowest Priced Listing: $15,000
- Largest Home on the Market: 7,246 sq ft
- Smallest Home on the Market: 768 sq ft
If you would like to review last month’s information, check out the Warner Robins GA Real Estate Report for July 2016. 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 my Warner Robins Home Search. 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.
So…What Are Warner Robins Georgia Homes Worth In August 2016?
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.
Sorry we are experiencing system issues. Please try again.