Home Sales in Kathleen Georgia 31047
February 2018 Market Report
Things are starting to look up as the number of home sales in Kathleen GA went back up this past month. Does that mean we will start to see higher sales as spring arrives? Perhaps. As long as homeowners continue to market price their property and keep it show ready, there is every opportunity this market will start seeing more sales. Check out all the details and determine if it is the right time for you to enter the Kathleen real estate market.
The real estate market in Kathleen GA had 25 home sales this past month. That is an increase of 8 properties over the previous month. In comparison, there were 21 home sales during the same time-frame last year. It is good to see sales increasing in this market!
With only 15 pending sales (down 15 from the previous month), it appears as if consumers are either finding a home quickly in this market or moving on to other parts of Houston County for their real estate needs. With 115 homes available (23 more than the previous month), this market looks like it is about to heat up again.
No reason to delay so let us go ahead and take a longer look to see what the home sales in Kathleen GA looked like last month!
Kathleen Georgia Homes Sales
With 25 homes sales in Kathleen GA last month, this market is starting to show new life again. Unfortunately with such a low number of pending sales (15), it could be another month or two before the hibernation is completely over. Is it time for potential sellers to get their inventory listed so consumers will continue to look for a home that fits their needs in this community? You bet it is!
The average days on market for home sales in Kathleen GA this past month was a bit disappointing coming in at 82 days (from listing to closing). That is 22 days slower than the 12-month average, 27 days worse than the previous month, but a 20 day improvement over the same time-frame last year.
The average sales price came in at $221K+ which was $20K below the previous month, $20K+ under the same time-frame last year, and $2K worse than the 12-month average of $223K+. Homes in all price points have a good 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) was excellent at 99.44% last month. The 12-month average is 98.76%. When buyers and investors find a home they want, they are making decent 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 Kathleen GA Real Estate market? Employ the services of a local Kathleen GA Real Estate Agent who understands all of the ups-and-downs and twists and turns of this market.
Kathleen GA Real Estate Market
Currently, the Kathleen GA real estate market favors sellers with 4+ months of available inventory (115 homes) to choose from. To review the home sales in Kathleen GA last month as well as other closing information, check out the following statistics:
- Average Sales Price: $221,656
- Median Sales Price: $219,075
- Number of Monthly Sales: 25
- Number of Distressed Sales: 0
- Average Days-On-Market, Sold Homes: 82
- Average Sales Price /List Price Ratio: 99.44%
- Highest Priced Sale: $335,000
- Lowest Priced Sale: $123,000
- Highest Priced Listing: $629,999
- Lowest Priced Listing: $58,900
- Largest Home on the Market: 5,652 sq ft
- Smallest Home on the Market: 975 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 Kathleen GA!
Find Kathleen GA Homes for Sale
For a complete list of available real estate in Kathleen GA, visit the available Kathleen Homes for Sale. Make sure and subscribe to my newsletter so you do not miss out on any Kathleen home deals!
Call me at (478) 960-8055 to find out what your Kathleen GA home is worth or so we can discuss your housing needs. The right home and/or buyer is out there…let me help you find it/them!
Preview the Home Sales in Kathleen GA
Statistics represent single family homes and townhouses in Kathleen Georgia (Source: CGMLS) for the referenced month. Information is deemed reliable, but not guaranteed.
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