Home Sales in Centerville Georgia 31028
February 2018 Market Report
It was another average month of home sales in Centerville GA as buyers and investors were not overly impressed despite an uptick in available inventory. Fortunately, with warmer weather, and hopefully a renewed outlook, this market can spring forward and enjoy robust sales during the spring season. Stay turned for the latest news about Centerville GA home sales and this market in general.
This is the smallest real estate market in Houston County so do not be alarmed if you see wide swings in statistics. The real estate market in Centerville GA had 5 closings last month. That is the same as the previous month but 2 less than the 12-month average. It is 1 more sale than the same time-frame last year.
With 9 pending sales in this city (up 3 over the previous month), this market is showing new vigor and may be coming out of its winter slumber. With 30 homes for buyers and investors to choose from (up 2 over the previous month), there is optimism consumers will find what they want. As always in smaller markets, if buyers find a property they like, they must act fast or risk losing the home to a more aggressive buyer.
Let’s take closer look at what the home sales in Centerville GA looked like this past month! Check out all the details below.
Centerville Georgia Homes Sales
With just 5 homes sales in Centerville GA last month, new inventory would really give this market a shot in the arm! The monthly average number of home sales is 7 houses in this community. To keep sales going strong, sellers must make sure they listen to their real estate agent and market price their home. If they do not have an offer in the first 3 weeks, they may need to consider adjusting the price of their home.
The average days on market for home sales in Centerville Georgia this past month was 53 days (from listing to closing). That is a 7 day improvement over the 12-month average of 60 days but 40 days slower than the previous month. For comparison, it took homes 237 days to close (on average) during this time-frame last year.
The average sales price this past month was $119+ which was $22K less than the previous month and $33K below the 12-month average. There is no reason for alarm…houses in lower price points sold this past month. Byron homes for sale have a decent opportunity to be seen and sold in this market right now, especially if they are market priced and well maintained!
The sales price to list price ratio (SP/LP) this past month was a bit of a letdown coming in at 96.24%. The 12-month average is 98.50%. When consumers find a house they want, they are typically making reasonable offers giving sellers an incentive to negotiate and sell their property. What they are not doing is overpaying in this market right now, despite the shortage of inventory.
How can both buyers and sellers gain an advantage in the current Centerville GA Real Estate market? Employ the services of a local Centerville GA Real Estate Agent who understands all of the ups-and-downs and twists and turns of this market.
Centerville GA Real Estate Market
Currently, the Centerville GA real estate market is balanced with 6 months of available inventory (30 homes) to choose from. To review the home sales in Centerville GA this past month as well as other closing information, check out the following statistics:
- Average Sales Price: $119,300
- Median Sales Price: $107,000
- Number of Monthly Sales: 5
- Number of Distressed Sales: 0
- Average Days-On-Market, Sold Homes: 53
- Average Sales Price /List Price Ratio: 96.24%
- Highest Priced Sale: $194,000
- Lowest Priced Sale: $63,000
- Highest Priced Listing: $450,000
- Lowest Priced Listing: $79,900
- Largest Home on the Market: 4,725 sq ft
- Smallest Home on the Market: 1,086 sq ft
This is a good real estate market to be part of for buyers, investors, and sellers. Do not delay or you may miss out on the home of your dreams in Centerville GA!
Find Centerville GA Homes for Sale
For a complete list of available real estate in Centerville GA, visit the available Centerville Homes for Sale. Make sure and subscribe to my newsletter so you do not miss out on any Centerville home deals!
Call me at (478) 960-8055 to find out what your Centerville GA home is worth or so we can discuss your home buying needs. As always, I look forward to assisting with your residential real estate needs in this community.
Preview the Home Sales in Centerville GA
Statistics represent single family homes and townhouses in Centerville GA (Source: CGMLS) for the referenced month. Information is deemed reliable, but not guaranteed.
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