Byron GA Single Family Home Report - April 2018 Edition
The lack of inventory has finally caught up with the real estate market in Byron GA. With less closings and fewer pending sales this past month, new homes for buyers and investors to choose from are needed. All the more reason for homeowners to list their property, get it seen, and potentially sold right now. With so few homes to pick from, nearly every available property is getting long looks from home hungry consumers.
Top real estate agents in Byron GA continue to do their utmost to assist their clients, showing every available property, and writing contracts as quickly as those consumers commit to purchasing that house. If you are not sure about entering the Byron GA real estate market, this market review may help change your mind!
So, what happened last month in the Byron real estate market? This report outlines the current status and details the short-term outlook for this community as well. Stay tuned for all the market analysis and details.
Active Byron GA Homes For Sale
Currently, there are 50 homes for sale in Byron GA. The highest priced listing in this market is currently available at $349K+ and the lowest is only $56K. Square footage of available properties ranges from 1,224 feet up to 4,602. Also, there are homes available in numerous price points to meet the needs of all real estate buyers.
Buyers and investors who are looking for a fixer-upper have only 2 distressed properties to pick from this month. Fortunately for sellers, there has not been an increase in foreclosure and/or short sale homes in the past quarter. While not a huge issue at the moment, they can affect appraisals and future sales prices in the affected communities.
The highest priced home for sale in Byron is a home located at 15 Courtney Drive. Available for $349,900, this 3.5K+ square foot home has 4 bedrooms, 4 bathrooms, and a host of amenities worth checking out.
Sale Pending Byron Single Family Homes
Currently, there are only 14 Byron homes that are pending sale. This represents a 12 property decrease from the previous month. Fortunately, none of these pending sales are distressed homes. This market appears stalled, but with an influx of new inventory, it could rebound quickly. Time will tell how this market moves in the coming months.
With conditions squarely in their favor, smart sellers are ensuring their home is ready for buyer views, updated as needed, and priced according to the current market conditions. While they have the upper hand in this sellers market (3 month of inventory), properties that are not in good shape will sit on this market.
Byron GA Single Family Homes Sold
There was a total of 16 home sales in Byron GA during last month. This represents the eleventh lowest number of monthly sales in the past year (the annual average this past year is 25 sales). The average sale price for these homes that closed last month was $163K+ and they took an average of 35 days to sell! The 12-month average for both of these categories is $153K+ and 44 days. Clearly, consumers found properties in the lower price points to their liking this past month.
The average days on the market was unremarkable this past month and is a reminder to sellers to ensure they continue to market price their home if they want buyers to take interest. The sales price to list price ratio last month was 97.63%, slightly better than the 12-month average of 98.31%. When their homes are market priced, sellers are reaping the rewards.
The most expensive home sale in Byron real estate last month sold for $329K. The lowest priced sale was $62K+. In addition, 2 of the closings this past month were distressed homes, which may have a slight impact on appraisal values in the affected neighborhood for the remainder of the year.
What Can Byron GA Residents Expect Regarding Real Estate In The Coming Months?
You can expect plenty of competition when you are ready to make an offer on a Byron GA home. This could mean a bidding war if you are not ready to write an offer as soon as you decide the property is the home you want. Just remember, any delay could cost you the home as plenty of other buyers are also out looking!
The amount of inventory and low pending sales will be worth monitoring for the next few months to determine if this is a trend or just an anomaly. Time will tell if a host of fresh inventory hits the market and if buyers continue to find homes to their liking in the Byron real estate market.
A Byron Real Estate Agent You Can Trust
This Byron GA real estate market report was provided by Anita Clark. Anita is a licensed residential real estate agent in Byron GA. She works at Coldwell Banker SSK, Realtors.
You can find Anita on numerous social media networks or via her Byron GA Real Estate Blog. She is an active online real estate marketer who loves helping residential real estate consumers in Houston County GA.
More Houston County Real Estate Market Reports
- Bonaire GA Real Estate Market Report over at LinkedIn Pulse
- Centerville GA Real Estate Market Report via Medium
- Kathleen GA Real Estate Market Report from RealtyTimes
- Perry GA Real Estate Market Report at Quora
- Warner Robins GA Real Estate Market Report on Biggerpockets
Check out the latest details and find the right market for your needs.
**The information provided in this real estate market analysis was generated via the Central Georgia Multiple Listing Service (CGMLS) at the time/date this market report was published. All information is deemed accurate, but not guaranteed.**