Posted about 2 years ago

Byron GA Real Estate Market Report - August 2017 Edition

Byron GA Single Family Home Report - August 2017

Normal 1505665559 Byron Ga Real Estate Market Report For August 2017

It is a bit surprising, but despite very limited inventory, the real estate market in Byron GA continues to chug right along. In fact, this past month saw the highest number of sales (31) in the last year. With only 1+ month of homes for consumers to pick from, if new inventory is not made available soon, both buyers and investors will be forced to look at other markets in Houston County GA for their real estate needs. If you are thinking about listing your home...NOW is a great time to get it on the market!

Realtors in Byron GA continue to show the available homes, and fortunately, many of those properties are making it through closing. If you are not sure if it is time to put your home on the market, perhaps this Byron market report will change your mind. It is definitely time to hop off the fence and act!

So, what happened in August in the Byron real estate market? This analysis details the current status and outlines the short-term outlook for this market too. If you have questions about real estate in Byron GA or want help with your real estate needs, contact me and let me put my market expertise to work for you.

Active Byron GA Homes For Sale

As of this article (September 17th), there are a total of 42 houses for sale in Byron GA. The highest priced listing in this market is currently available at $480,000 and the lowest is only $55,200. Square footage of available properties ranges from 1,329 feet up to 7,338. Also, there are homes available in numerous price points to meet the needs of all real estate buyers.

Consumers who are looking for a fixer-upper may have to wait awhile as there is only 1 distressed property currently available in the Byron real estate market. Unfortunately for sellers, there has been a slight increase in foreclosure and/or short sale homes in the past quarter which can affect appraisals and future sales prices.

The highest priced home for sale in Byron is a home located at 156 Orion Way. Available for $480,000, this 7.3K+ square foot home has 8 bedrooms, 4 bathrooms, and a host of amenities worth checking out.

Sale Pending Byron Single Family Homes

Currently, there are only 20 Byron homes that are pending sale. This represents a decrease of 6 houses from the previous month and is a sign that this market has begun to cool down. Of these 20 homes, only 1 property is distressed.

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 (1+ months of inventory), properties that are not in good shape will sit on this market.

Byron GA Single Family Homes Sold For August 2017

There was a total of 31 home sales in Byron GA during the month of August 2017. This represents the highest number of monthly sales in the past year (the annual average this past year is 22 sales). The average sale price for these homes $165K+ and they took an average of 58 days to sell! The 12-month average for both of these categories is $151K+ and 69 days.

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 if they want buyers to take interest. The sales price to list price ratio in August was 98.04%, which was slightly higher than the 12-month average of 97.95%.

The most expensive sale in Byron real estate during August 2017 sold for $280,000. The lowest priced sale was $97,000. In addition, 4 of the sales 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 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.

More Houston County Real Estate Market Reports For August 2017

This Byron GA real estate market report for August 2017 was provided by Anita Clark. Anita is a licensed residential real estate agent in Byron GA for Coldwell Banker SSK, Realtors.

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