Home Sales in Perry Georgia 31069
February 2018 Market Report
It was good to see home sales in Perry GA 31069 take an upward tick this past month, coming in as the 7th highest total in the past year. With warmer weather arriving and the hope of increased inventory on the horizon, this market could rebound nicely as spring arrives. Stay with me as we analyze this market and provide key information to help you make an informed decision about the real estate market in Perry GA!
The Perry real estate market had 28 closings last month. With pending sales staying steady, this market may auto-correct itself quickly. One thing is clear…both buyers and investors are looking for homes. Do you hear that Perry homeowners? It is a very good time to get your home listed, seen, and sold in this market.
With 25 pending sales (down 2 from the previous month), it is good to see inventory continue to get contracted and sold in this city. However, with only 82 properties currently available (down 15 from the previous month), consumers must act fast when they find a home they want or run the risk of losing the house to another buyer who is willing to make a quick offer.
Let us go ahead and take a longer look and check out all the details for the home sales in Perry GA last month!
Perry Georgia Homes Sales
With 28 homes sales in Perry Georgia this past month (up 6 over the previous month), this market is poised to start an upward trend with plenty of home sales and satisfied buyers and sellers. Currently, the annual average home sales is 30 houses exchanging hands. During this same time last year, there were 29 closings.
The average days on market for home sales in Perry GA this past month was 101 days (from listing to closing). While not optimum, it was good to see a lot of older inventory finally make it through closing. The 12-month average is 76 days. As a comparison, it took homes 115 days to change hands during the same time-frame last year.
The average sales price came in at $192K+ which was $38K more than the previous month, and $47K above the same time-frame last year. The 12-month average is $164K+. 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 98.64% last month. The 12-month average is 98.33%. When consumers locate a house that meets their needs, they are making decent offers, giving sellers an incentive to negotiate and sell their home. 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 Perry GA Real Estate market? Employ the services of a local Perry Real Estate Agent who understands all of the ups-and-downs and twists and turns of this market.
Perry GA Real Estate Market
Currently, the Perry GA real estate market favors sellers with 2+ months of available inventory (82 homes) to choose from. To review the home sales in Perry GA last month as well as other closing information, check out the following statistics:
- Average Sales Price: $192,732
- Median Sales Price: $178,150
- Number of Monthly Sales: 28
- Number of Distressed Sales: 1
- Average Days-On-Market, Sold Homes: 101
- Average Sales Price /List Price Ratio: 98.64
- Highest Priced Sale: $748,972
- Lowest Priced Sale: $37,500
- Highest Priced Listing: $1,135,000
- Lowest Priced Listing: $59,900
- Largest Home on the Market: 10,128 sq ft
- Smallest Home on the Market: 1,125 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 Perry GA!
Find Perry GA Homes for Sale
For a complete list of available real estate in Perry GA, visit Perry Homes for Sale. Make sure and subscribe to my newsletter so you do not miss out on any Perry home deals!
Call me at (478) 960-8055 to determine what your Perry GA home is worth in this market or so we can discuss your home buying needs. I look forward to assisting with all your Perry GA real estate needs and hope !
Review The Home Sales in Perry GA
Statistics represent single family homes and townhouses in Perry GA (Source: CGMLS) for the referenced month. Information is deemed reliable, but not guaranteed.
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