Byron GA Real Estate Market in May 2016
For consumers who have been wondering what are Byron Georgia homes worth in May 2016, you will definitely find that question answered in this month’s real estate report. This article discusses the current real estate market in Byron GA as well as a preview of where this market is likely headed in the near future.
With only 57 properties on the market (down 7 from the previous month), this sellers market does not have a lot of options for buyers and investors at the moment. However, the market can shift quickly so consumers should not give up if they really want to own a home in this community.
What can buyers, investors, and sellers expect from the real estate market in Byron GA? Let’s peel it back and check out what are Byron Georgia homes worth in May 2016!
Byron GA Homes Sales
This past month there were 14 Byron GA home sales. That was the fifth highest total in the past 12 months and was 13 more than the same month last year. The 12-month average is 12 sales. This was great news considering the lack of inventory. When sellers market price their homes and keep them well maintained, they have every opportunity to get seen and sold in this market!
The average sales price climbed again and was helped by only 1 distressed sale. The average sales price for homes that sold came in at $165K+. That was $16K higher than the previous month, $21K better than the 12-month average ($143K), and up $37K over the same time-frame last year.
The average number of days on market for homes that sold came in at 111 days. The 12-month average is 92 days on the market.
The sales price to list price ratio (SP/LP) for sold homes was 97.26%. The 12-month average SP/LP is 97.63%. When accurately market priced, Byron GA homes will sell closer to full price.
How can both buyers and sellers gain an advantage in the real estate market in Byron GA? Employ the services of a local Byron GA Real Estate Agent who understands all of the ups-and-downs of this market.
Byron GA Real Estate Market
Currently, the Byron GA real estate market favors sellers with 4 months of available inventory (57 homes) for consumers to choose from.
Buyers who are interested in knowing what are Byron Georgia homes worth in May 2016 can review the following averages and totals for this past month to get a glimpse of the market activity in this community:
- Average Sales Price: $165,910
- Median Sales Price: $167,700
- Number of Monthly Sales: 14
- Number of Distressed Sales: 1
- Average Days-On-Market, Sold Homes: 111
- Average Sales Price /List Price Ratio: 97.26%
- Highest Priced Sale: $263,000
- Lowest Priced Sale: $100,000
- Highest Priced Listing: $510,000
- Lowest Priced Listing: $37,500
- Largest Home on the Market: 7,338 sq ft
- Smallest Home on the Market: 1,082 sq ft
Find Byron GA Homes for Sale
For a complete list of available real estate in Byron GA and all of Houston County, search for real estate in Byron GA. If you want homes that meet your criteria sent to you when they hit the market, subscribe for new listings so you do not miss out on any Byron home deals!
As always, call me at (478) 960-8055 to find out what your Byron GA home is worth or so we can discuss your housing needs. I would love the opportunity to earn your trust and business in this market!
You can check out last month’s report here: Byron GA Real Estate Report for April 2016.
SO…What Are Byron Georgia Homes Worth In May 2016?
Statistics represent single family homes and townhouses in Byron 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.