Perry GA Real Estate Market Report - July 2017 Edition
Perry GA Single Family Home Report - July 2017
The shortage of available homes has started to affect the real estate market in Perry GA. New listings, pending sales, and closings are all down from the previous month. While this market has started trending downward, it is not yet time to panic. A large dose of new listings could get this market moving forward again...hear that homeowners? If you are considering selling your Perry GA home, now is a great time to do so!
Despite limited inventory, real estate agents in Perry GA are continuing to do their job and show every home consumers want to see. Check out all the details in this Perry market report and decide if it is time to hop off the fence and act!
So, what is the verdict in July for the Perry real estate market? This review outlines the current status and what the short-term outlook for this market looks like. If you have questions about real estate in Perry GA or want help with your real estate needs, contact me and put my market expertise to work for you.Active Perry GA Homes For Sale
As of this article, there are a total of 79 houses for sale in Perry GA. The highest priced listing in this market is currently available at $850,000 and the lowest is only $40,000. Square footage of available properties ranges from 936 feet up to 10,128. Also, there are homes available in every price point to meet the needs of real estate buyers.
Consumers who are looking for a fixer-upper may want to check out the 2 distressed properties currently on the Perry real estate market. Unfortunately for sellers, there has been an 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 2320 N Highway 341. Available for $850,000, this 10.1K+ square foot home has 5 bedrooms, 4 bathrooms, and a host of amenities worth checking out.Sale Pending Perry Single Family Homes
Currently, there are only 18 Perry single family homes that are pending sale. This represents a decrease of 7 houses from the previous month. The market slowdown has begun in this community due to limited options for new buyers and investors. Of these 18 homes, 1 house is 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 (2+ months of inventory), properties that are not in good shape will sit on this market.Perry GA Single Family Homes Sold For July 2017
There was a total of 34 home sales in Perry GA during the month of July 2017. This represents the 5th highest number of monthly sales in the past year (the annual average this past year is 31 closings). The average sale price for these homes was $172K+ and they took an average of 139 days to sell! The 12-month average for both of these categories is $155K+ and 91 days. It was actually good to see some of the older inventory finally exchange hands!
The average days on the market was high this past month and it should be a wake up call to sellers. They must ensure they market price their home if they want buyers to take interest. The sales price to list price ratio in July was 98.81%, which was an improvement over the 12-month average of 98.06%.
The most expensive sale in Perry real estate during July 2017 sold for $396,000. The lowest priced sale was $35,500. In addition, only 1 of the sales this past month was a distressed home. It should have a minimal impact on appraisal values in the affected neighborhood for the remainder of the year.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 July 2017
- Warner Robins GA Real Estate Market Report via RealtyTimes
- Bonaire GA Real Estate Market Report at articles.org
- Byron GA Real Estate Market Report on LinkedIn Pulse
- Centerville GA Real Estate Market Report via medium
- Kathleen GA Real Estate Market Report at Huliq
This Perry GA real estate market report for July 2017 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.
If you have more questions about the Perry 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.**