Posted 8 months ago

Warner Robins GA Real Estate Market Report - February 2018 Edition

Warner Robins GA Single Family Home Report - February 2018

The Warner Robins GA real estate market looks like it is starting to rebound after going up/down for the past few months. Home sales this past month went up by 14 closings as consumers evidently found what they were looking for in this market. 

Unfortunately, pending sales are down right now so the uptick in sales may be short lived. With limited inventory, it is getting harder for buyers and investors to find what they seek in this city. Hear that homeowners...it is a good time to get your home listed and seen!

As you would expect, real estate agents in Warner Robins GA are doing everything they can to show the existing inventory as well as any new properties that come on the market. Because there are plenty of buyers, available properties will get a lot of attention right now. As a potential seller, if you are on the fence about entering this market, perhaps this report will change your mind.

So, what happened during February in the Warner Robins real estate market? This review outlines the current status and what the short-term outlook for this city looks like. Stay turned for all the important details.

Normal 1521999933 Warner Robins Ga Real Estate Market Report   February 2018 Edition

Active Warner Robins GA Homes For Sale

As of this article, there are a total of 235 houses for sale in Warner Robins GA. The highest priced listing in this market is currently available at $489,900 and the lowest is only $20,000. Square footage of available properties ranges from 722 feet up to 5,874. Also, there are homes available in several different price points to meet the needs of nearly all real estate consumers.

Buyers who are looking for a fixer-upper bargain may want to check out the 14 distressed properties currently on the Warner Robins GA real estate market. Fortunately for sellers, the number of foreclosure/short sale homes has remained steady over the past quarter. As a note, these properties can affect appraisals and future sales prices in the communities where they sell.

The highest priced home for sale in Warner Robins is a home located at 257 Falcon Crest. Available for $489,900, this 4.9K+ square foot home has 4 bedrooms, 4 bathrooms, and a host of amenities worth checking out.

Sale Pending Warner Robins Single Family Homes

Currently, there are 58 Warner Robins homes that are pending sale. This represents 11 less than the previous month. As new inventory becomes available, this number should go back up. All the more reason to get your property listed now! Of these 58 pending sales, 2 houses are distressed.

With conditions squarely in their favor, smart sellers are ensuring their homes are 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+ months of inventory), properties that are not in good shape will definitely sit on this market.

Warner Robins GA Single Family Homes Sold For February 2018

There was a total of 80 home sales in Warner Robins GA during the month of February 2018. This represents the eleventh lowest number of monthly sales in the past year (the annual average this past year is 96 closings). The average sale price for these homes was $136K+ and they took an average of 64 days to sell! 

The 12-month average for both of these categories is $146K+ and 57 days. As a comparison, during the same time frame last year, the average sales prices was $156K+ and it took properties 81 days to close.

The average days on the market was steady this past month and is a reminder to sellers to ensure they continue to market price their home and keep it show ready if they want buyers to take interest. The sales price to list price ratio in February was 97.46%, slightly off the 12-month average of 98.34%.

The most expensive sale in Warner Robins real estate during February 2018 sold for $380,000. The lowest priced sale was $21,750. In addition, 11 of the closings this past month were distressed homes which could have a slight impact on appraisal values in the affected neighborhoods for the remainder of the year.

What Can Warner Robins 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 Warner Robins GA home right now. 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 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 Warner Robins real estate market.

More Houston County Real Estate Market Reports for February 2018

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

You can find Anita on numerous social media networks or via her Warner Robins 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.**



Comments