What are Warner Robins GA Homes Worth in December 2016?
Going against the grain for this time of year, home sales in this city rose again (for the 4th month in a row). If you are considering buying or selling a home in this community, it is a good idea to understand what are Warner Robins homes worth in December 2016, so you can make an informed real estate decision.
Currently, this real estate market favors sellers with 3 months of available inventory for both buyers and investors to check out. With only 290 homes to choose from (down 37 from the previous month), consumers must act quickly when they find their forever home in the Warner Robins real estate market. Any delay could cost them an opportunity to make an offer as other buyers are also out looking at properties.
Let’s check out the details and see exactly what Warner Robins homes are worth in December 2016!
Home Sales in Warner Robins GA
Sellers have control of this market right now but that has not stopped buyers from seeking and finding plenty of properties to call their own in this middle GA market. 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 89 closings this past month was the sixth highest total in the past year. That is pretty good for this time of year. In comparison, there were only 81 sales during this same time-frame in 2015. The 12-month average number of home sales in Warner Robins is 86 closings. Buyers are out there so sellers need to step-up their game if they want to go from listed to sold in Warner Robins right now.
With only 43 pending sales (down 3 from the previous month), this market will experience a small dip at the beginning of 2017, but the expectation is a strong spring market with plenty of new inventory to peruse. This past month the average sales price came in over $124K, down from the 12-month average ($139K), but up $2K over the same time-frame last year too. The sales price average could have been better had it not been for the 20 distressed sales last month, dropping the average prices slightly.
The number of days-on-market for sold homes was 59 days, which was an 8 day improvement over the 12-month average (67 days). When market priced, homes typically move at a reasonable pace in this city. The sales price to list price ratio was 96.60%, coming in slighter below the 12-month average (97.40%).
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 (290 homes). Below is a snapshot to help you understand what are Warner Robins homes are worth in December 2016. The averages and totals for the Warner Robins GA real estate market are as follows:
- Average Sales Price: $124,687
- Median Sales Price: $112,000
- Number of Total Monthly Sales: 89
- Number of Distressed Sales: 20
- Average Days-On-Market, Sold Homes: 59
- Average SP/LP Ratio: 96.60%
- Highest Priced Sale: $388,000
- Lowest Priced Sale: $11,000
- Highest Priced Listing: $649,900
- Lowest Priced Listing: $23,500
- Largest Home on the Market: 7,246 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 November 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 the Available Warner Robins Homes. 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 Homes Worth In December 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.
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.