Home Sales in Kathleen Georgia 31047
August 2018 Market Report
A slight slowdown in the home sales in Kathleen GA was expected as the mad rush to get into houses before school started quickly came and went. However, despite the low inventory, there are still good options for buyers and investors in this market. Hear that homeowners…you should consider adding your property to this market while conditions favor you. Check out all the details in this report 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 39 home sales this past month. In comparison, the previous month saw 47 closings. Only 28 properties exchanged hands during the same time-frame last year.
With 41 pending sales (same as last month), consumers are still finding properties that meet their needs in Kathleen GA. However, with only 113 homes available (4 less than the previous month), it is definitely time for an infusion of new listings.
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. Stay tuned for all the details!
Kathleen Georgia Homes Sales
With 39 homes sales in Kathleen GA last month, this market is performing a little above average at the moment. Obviously, it would be a great idea for potential sellers to get their inventory listed while the market favors them. We want consumers to continue looking for a home that fits their needs in this community so fresh inventory is necessary. Hear that sellers!
The average days on market for home sales in Kathleen GA this past month was 55 days (from listing to closing). That is exactly the same as the 12-month average. It was 12 days better than the previous month and a 27 day improvement over the same time-frame last year. No reason to worry…it was good to see some of the older inventory finally exchange hands last month.
The average sales price came in at $228K+ which was the same as the previous month, but $17K lower than the same time-frame last year. It was $1K more than the 12-month average. 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 decent coming in at 98.84% last month. The 12-month average is 98.92%. 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 2+ months of available inventory (113 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: $228,802
- Median Sales Price: $200,000
- Number of Monthly Sales: 39
- Number of Distressed Sales: 1
- Average Days-On-Market, Sold Homes: 55
- Average Sales Price /List Price Ratio: 98.84%
- Highest Priced Sale: $429,900
- Lowest Priced Sale: $96,500
- Highest Priced Listing: $750,000
- Lowest Priced Listing: $38,900
- Largest Home on the Market: 6,910 sq ft
- Smallest Home on the Market: 886 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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