Byron GA Real Estate Market in October 2016
Is it the right time to enter this market? Have you been wondering what are Byron homes worth in October 2016? If so, both of those questions and others will be dissected in this market analysis of the current real estate market in Byron GA. This report will also provide some commentary on where this market is likely headed in the near future too.
With only 53 homes to pick from (up 6 from the previous month), this sellers market is in dire need of new inventory to continue to pique buyer and investor interest. Fortunately, this market can shift quickly so real estate consumers should be prepared to act quickly if they do find a home that catches their eye.
What can you expect from this Byron real estate report? Let’s take a long look and check out exactly what are Byron homes worth in October 2016!
Byron GA Homes Sales
This past month there were 24 Byron GA home sales. That was the second highest total in the past 12 months. It was 4 closings less than the previous month (highest total this year) but 12 more sales over the same time frame last year. The 12-month average is 19 sales. This is great news considering the lack of inventory 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 $163K+. That was $21K more than the previous month. The 12-month average is $150K. In comparison, homes sold for $147K during this month last year.
The average number of days on market for homes that sold came in at 91 days. The 12-month average is 77 days on the market.
The sales price to list price ratio (SP/LP) for sold homes was 96.91%. The 12-month average SP/LP is 97.30%. 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 (53 homes) for consumers to choose from. Buyers who are interested in knowing what are Byron homes worth in October 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: $163,159
- Median Sales Price: $150,645
- Number of Monthly Sales: 24
- Number of Distressed Sales: 4
- Average Days-On-Market, Sold Homes: 91
- Average Sales Price /List Price Ratio: 96.91%
- Highest Priced Sale: $345,000
- Lowest Priced Sale: $64,000
- Highest Priced Listing: $495,000
- Lowest Priced Listing: $46,800
- Largest Home on the Market: 7,338 sq ft
- Smallest Home on the Market: 1,260 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 September 2016.
SO…What Are Byron Homes Worth In October 2016?
Statistics represent single family homes and townhouses in Byron GA (Source: CGMLS) for the referenced month. Information is deemed reliable, but not guaranteed.
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