Perry GA Real Estate Market Report - January 2018 Edition

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Perry GA Single Family Home Report - January 2018 Edition

After posting great sales 2 months ago, the Perry GA real estate market came back to earth this past month with one of the lowest totals in the past year. as one of the few Central Georgia markets that saw increased sales last month.

In fact, 33% less homes sold than the previous month. Only 22 houses closed as many consumers looked elsewhere in Houston County for their real estate needs. There is currently only 4+ months of available inventory so homeowners should consider getting their property on the market to take advantage of this sellers market.

In spite of low inventory, Real estate agents in Perry GA continue to do their best to get buyers and investors into every available property in this city. If there is a home that piques your interest here, you can bet you will have an opportunity to check it out, unless you delay or slow down your approach! What does this mean for means now is a great time to put your home up for sale in Perry GA!

So, what is happening in the Perry real estate market? This review outlines the current status and what the short-term outlook for this market looks like. Stay tuned for all the important details!

Perry GA Real Estate Market Report - January 2018 Edition

Active Perry GA Homes For Sale

As of this article, there are a total of 97 houses for sale in Perry GA. The highest priced listing in this market is currently available at $1,135,000 and the lowest is only $35,000. Square footage of available properties ranges from 1,125 feet up to 10,128. Also, there are homes available in nearly every price point to meet the needs of real estate buyers and investors.

Buyers who are looking for a fixer-upper may need to wait a bit longer as there are currently only 2 distressed homes on the Perry real estate market. Fortunately for sellers, there has not been a noticeable increase in foreclosure/short sale homes in the past quarter which can affect appraisals and future sales prices.

The highest priced home for sale in Perry is a home located at 3584 Valley Drive. Available for $1,135,000, this 5.8K+ square foot home has 6 bedrooms, 5 bathrooms, and a host of amenities worth checking out.

Sale Pending Perry Single Family Homes

Currently, there are 27 Perry single family homes that are pending sale. This represents an increase of 5 houses over the previous month. Of these 27 properties, two are distressed.

With conditions clearly favoring sellers, they must ensure their home is ready for visits, updated as needed, and priced according to the current market conditions. While they have the upper hand in this sellers market (4+ months of inventory), properties that are not in good shape will sit on this market.

Perry GA Single Family Homes Sold For January 2018

There was a total of 22 home sales in Perry GA during the month of January 2018. This represents the eleventh lowest number of monthly sales in the past year (the annual average this past year is 30 closings). As a comparison, there were 17 sales during this time-frame last year. The average sale price for the sold homes this past month was $154K+ and they took an average of 90 days to sell! The 12-month average for both of these categories is $160K+ and 77 days. Clearly, consumers found homes in the mid-tier price points more to their liking this past month.

The average days on the market was below average this past month but it was very good to see some of the older inventory finally change hands. Sellers must ensure they market price their home if they want buyers to take interest. The sales price to list price ratio last month was 97.65%, which was a decrease from the 12-month average of 98.19%.

The most expensive sale in Perry real estate during January 2018 sold for $315,265. The lowest priced sale was $33,500. In addition, only 2 of the sales this past month were distressed homes.

What Can Perry GA Residents Expect Regarding Real Estate In The Coming Months?

You can expect lots competition when you get ready to make an offer on a Perry 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 trend is the new norm 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 Perry real estate market.

More Houston County Real Estate Market Reports for January 2018

This Perry GA real estate market report for January 2018 was provided by Anita Clark. Anita is a licensed residential real estate agent in Perry GA for Coldwell Banker SSK, Realtors.

You can find Anita on numerous social media networks or via her Perry Real Estate Blog. She is an active online real estate marketer who loves helping residential real estate consumers in Houston County GA.

**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.**

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