Home Sales in Kathleen Georgia 31047
March 2019 Market Report
Home sales in Kathleen GA took a big jump forward despite having low inventory for consumers to pick from. Both buyers and investors were out pounding the pavement looking for properties that met their criteria in their price point. What is needed is considerably more homes for sale to get ready for the summer market. 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 41 home sales this past month. In comparison, the previous month had 29 closings. As a comparison, 27 properties exchanged hands during the same time-frame last year. The 12-month average is 36 home sales in Kathleen GA.
With only 25 pending sales (down 12 from the previous month), this market could really see a slow down if new inventory does not hit the market soon. With only 83 homes available (9 less than the previous month), it is getting more difficult for consumers to find what they seek in this middle GA real estate market.
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 41 homes sales in Kathleen GA last month, this market appeared to gain some positive traction half way through the spring season. 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 100 days (from listing to closing). That is 36 day slower than the 12-month average (64 days). It is also 32 days off the previous month (68 days) and 40 days more than the same time-frame last year (60). When market priced, homes will move quickly in this market.
The average sales price came in at $257K+, which was $10K more than the previous month, and $35K more than the same time-frame last year. It was also $15K 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 99.44% last month. The 12-month average is 99.17%. 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 (83 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: $257,183
- Median Sales Price: $247,900
- Number of Monthly Sales: 41
- Number of Distressed Sales: 0
- Average Days-On-Market, Sold Homes: 100
- Average Sales Price /List Price Ratio: 99.44%
- Highest Priced Sale: $468,000
- Lowest Priced Sale: $140,444
- Highest Priced Listing: $629,000
- Lowest Priced Listing: $159,900
- Largest Home on the Market: 5,452 sq ft
- Smallest Home on the Market: 1,566 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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