Home Sales in Kathleen Georgia 31047
October 2018 Market Report
Just when you think this market is about to start its winter hibernation, home sales in Kathleen GA go right back up. While impressive for this time of year, more inventory is desperately needed to keep the momentum going. Hear that homeowners…now is the right time to get your house listed, seen, and sold in the Kathleen real estate market.
The real estate market in Kathleen GA had 40 home sales this past month. In comparison, the previous month only had 32 closings. As a comparison, only 24 properties exchanged hands during the same time-frame last year.
With 28 pending sales (up 3 over the previous month), the summer rush is definitely over but that does not mean consumers are not finding what they want. They are. However, with only 118 homes available (11 more than the previous month), without new listings, this market may have a hard time recovering as the holidays approach. Time will tell!
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 40 homes sales in Kathleen GA last month, this market jumped back up despite a definitive shortage of inventory. It would be ideal 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 42 days (from listing to closing). That is a 12 day improvement over the 12-month average (54 days). It was 8 days better than the previous month and 18 days better than the same time-frame last year. When market priced, homes will move quickly in this market.
The average sales price came in at $235K+ which was $15K more than the previous month, and $7K better than the same time-frame last year. It was also $6K above 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 very good coming in at 99.34% last month. The 12-month average is 99.06%. 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 (118 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: $235,348
- Median Sales Price: $229,400
- Number of Monthly Sales: 40
- Number of Distressed Sales: 1
- Average Days-On-Market, Sold Homes: 42
- Average Sales Price /List Price Ratio: 99.34%
- Highest Priced Sale: $415,000
- Lowest Priced Sale: $162,900
- Highest Priced Listing: $795,000
- Lowest Priced Listing: $34,900
- Largest Home on the Market: 8,164 sq ft
- Smallest Home on the Market: 1,072 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.
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.