Centerville GA Single Family Home Report - August 2017
After a robust summer, the shortage of homes for sale in the real estate market in Centerville GA finally caught up with this community. Although it was the 5th best month for sales in the past year, there just are not enough homes available to keep some consumers from moving on to other parts of Houston County for their real estate needs.
Realtors in Centerville GA continue to work hard showing both buyers and investors every property available in their price point. With less than 3 months of homes for consumers to pick from, it is imperative that potential sellers get their home on the market soon or those buyers will move on.
So, what went on during August in the Centerville real estate market? This market report discusses the current status and what the short-term outlook for this market looks like. If you have questions about real estate in Centerville GA or want help finding or selling a home, contact me and put my market expertise to work for you.
Active Centerville GA Homes For Sale
As of this article, there are a total of 34 houses for sale in Centerville GA. The highest priced listing in this market is currently available at $499,000 and the lowest is $65,000. Square footage of available properties ranges from 1,136 feet up to 4,906. Also, there are homes available in numerous price points to meet the needs of all real estate consumers.
Buyers who are seeking a fixer-upper will have to be patient as there is currently only 1 distressed property available in the Centerville real estate market. Fortunately for sellers, there has not been an increase in foreclosure/short sale homes this past quarter. That is good news as they can have a negative effect on both appraisals and sales prices.
The highest priced home for sale in Centerville is a home located at 100 Jadestone Court. Available for $499,000, this 4.9K+ square foot home has 5 bedrooms, 3 bathrooms, and a host of amenities worth checking out.
Sale Pending Centerville Single Family Homes
This is the smallest real estate market in Houston County so do not let the numbers fool you. Currently, there are only 4 Centerville homes that are pending sale. This represents a decrease of 4 houses from the previous month which does not bode well for those who have been waiting to sell their home. Of these 4 pending homes, zero properties are distressed.
With conditions squarely in their favor, savvy homeowners are making sure their property 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 (2+ months of inventory), properties that are not in good shape will definitely sit on this market.
Centerville GA Single Family Homes Sold For August 2017
There was a total of 8 home sales in Centerville GA during the month of August 2017. This represents the 5h highest number of monthly sales in the past year (the annual average this past year is 7 sales). The average sale price for these homes $176K+ and they took an average of 92 days to sell! The 12-month average for both of these categories is $148K+ and 84 days from listed to sold.
The average days on the market remained steady this past month. It is a reminder to sellers that to be competitive, and ensure buyers take an interest in their home, they must market price the property. The sales price to list price ratio in August was average for this city, coming in at 97.43%, which was slightly lower than the 12-month average of 97.52%.
The most expensive sale in Centerville real estate during August 2017 sold for $292,000. The lowest priced sale was $98,500. Great news that none of the sales this past month were distressed homes. When distressed sales are present, they can have a slight impact on appraisal values in the affected neighborhoods for the remainder of the year.
What Can Centerville GA Residents Expect Regarding Real Estate In The Coming Months?
In this sellers market you can expect plenty of competition. This could mean a bidding war if you are not ready to write an offer as soon as you decide the home is the property you have been looking for. Just remember, any delay could cost you the home as plenty of other consumers are hitting the pavement and out looking too!
The amount of inventory is worth monitoring for the next few months to determine if this market remains robust or starts to wane as cooler weather arrives. Time will tell if a host of fresh inventory hits the market and if buyers continue to find homes to their liking in the Centerville real estate market.
More Houston County Real Estate Market Reports For August 2017
- Bonaire GA Real Estate Market Report at ActiveRain
- Byron Georgia Real Estate Market on Biggerpockets
This Centerville GA real estate market report for August 2017 was provided by Anita Clark. Anita is a licensed residential real estate agent in Centerville GA for Coldwell Banker SSK, Realtors.
You can find Anita on numerous social media networks or via her Centerville Real Estate Blog. She is an active online real estate marketer who loves helping residential real estate consumers in Houston County GA.
If you have more questions about the Centerville real estate market, you can call or text Anita at 478-960-8055 or by e-mail at [email protected].
**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.**