Byron GA Real Estate Market in November 2016
Is this market well suited for buyers? Do sellers have the upper hand right now? Perhaps it is a balanced market? If you have you been wondering what are Byron homes worth in November 2016, or just want general information about this market, you are in the right place.
With just 45 homes to choose from (down 8 from the previous month), this sellers market could really use an infusion of new inventory to keep consumers interested. As long as this market favors sellers, buyers and investors need to be ready to make a quick and firm offer if they find a property that meets their needs. Any delay could cost them the property as other buyers are also out looking.
What can you expect from this Byron GA real estate report? Let’s take a gander and review exactly what are Byron homes worth in November 2016!
Byron GA Homes Sales
This past month there were 19 Byron GA home sales. This matched the 12-month average and was actually pretty good for the time of year. In comparison, there were only 13 sales over the same time frame last year. It is good to see that despite the low inventory, buyers are finding what they need in this market. When sellers market price their homes and keep them well maintained, they have every opportunity to get seen and sold in Byron GA right now!
The average sales price went up again this past month as consumers found homes in the mid-tier range to their satisfaction. The average sales price for homes that sold came in at $168K+. That was $5K more than the previous month. The 12-month average is $152K. In comparison, homes sold for $146K during this month last year.
The average number of days on market for homes that sold came in at an incredible 35 days. The 12-month average is 75 days on the market. No doubt sellers are right pricing and buyers are not wasting time.
The sales price to list price ratio (SP/LP) for sold homes was 97.39%. The 12-month average SP/LP is 97.37%. 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 2 months of available inventory (45 homes) for consumers to choose from. Buyers who are interested in knowing what are Byron homes worth in November 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: $168,401
- Median Sales Price: $155,850
- Number of Monthly Sales: 19
- Number of Distressed Sales: 1
- Average Days-On-Market, Sold Homes: 35
- Average Sales Price /List Price Ratio: 97.39%
- Highest Priced Sale: $295,000
- Lowest Priced Sale: $65,000
- Highest Priced Listing: $495,000
- Lowest Priced Listing: $79,000
- Largest Home on the Market: 7,338 sq ft
- Smallest Home on the Market: 1,325 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 October 2016.
SO…What Are Byron Homes Worth In November 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.