Posted about 1 year ago

Kathleen GA Real Estate Market Report - January 2018 Edition

Kathleen GA Single Family Home Report - January 2018 Edition

The real estate market in Kathleen GA continued its rollercoaster ride taking both buyers and sellers on highs, lows, and twists this past month. Home sales went way down as colder weather kept many consumers from lacing them up and searching in earnest for a home in this community. With 5+ months of available properties to pick from, if buyers do not find what they want quickly, they will move on. Hear that is a great time to consider putting your home up for sale in this market.

Real estate agents in Kathleen GA are doing their very best to ensure their clients are able to get inside and check out every available home in this market. The good news for sellers is that immediately after new inventory hits the market, many of these properties are getting multiple views and often more than one offer. You can bet, if the property is still available, it will be shown!

So, what happened in the Kathleen real estate market last month? This market analysis discusses the current status and what the short-term outlook for this home market looks like.

Normal 1519501692 Kathleen Ga Real Estate Market Report   January 2018 Edition

Active Kathleen GA Homes For Sale

As of this article, there are a total of 92 houses for sale in Kathleen GA. The highest priced listing in this market is currently available at $629,000 and the lowest is only $145,900. Square footage of available properties ranges from 1,336 feet up to 5,452. Choose wisely, but choose quick, or you may miss out!

Consumers who want a fixer-upper property may have to wait a bit longer to find what they seek. Currently, there is only 1 distressed house available in the Kathleen real estate market. Fortunately for sellers, there has not been an increase in foreclosure/short sale homes in the past quarter so the effect on appraisals and future sales prices is minimal right now.

The highest priced home for sale in Kathleen is a home located at 212 Fieldfare Drive. Available for $629,000, this 5.4K+ square foot home has 5 bedrooms, 6 bathrooms, and a host of amenities worth checking out.

Sale Pending Kathleen Single Family Homes

Currently, there are 30 Kathleen homes that are pending sale. This represents a 57% increase over the previous month. Of these 30 houses, zero are distressed. Buyers are out looking so make it easy for them by getting your home listed, seen, and sold!

With conditions in their favor at the moment, sellers would be wise to make sure their home is ready for showings, updated as necessary, and priced according to the current market conditions. Rest assured, homes that are not in good shape will sit on this market.

Kathleen GA Single Family Homes Sold For January 2018

There was a total of 17 home sales in Kathleen GA during the month of January 2018. This represents the lowest number of monthly sales in the past year (the annual average this past year is 28 closings). The average sale price for these homes was $241K+ and they took an average of 55 days to sell! The 12-month average for both of these categories is $225K+ and 62 days on the market.

The average days on the market was decent this past month and is a good reminder that homeowners must make sure to market price their home if they want consumers to take serious interest in the property. The sales price to list price ratio this past month was 98.47%. The 12-month average is 98.32%.

As a comparison, during this same time-frame last year, there was 18 sales, an average sales price of $195K+, and it took those homes 67 days to sell on average. The sales price to list price ratio was 99.80%.

The most expensive sale in Kathleen real estate during January 2018 sold for $440,000. The lowest priced sale was $152,900. In addition, none of the sales this past month was a distressed property.

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

You can expect a lot of competition when you are ready to make an offer on a Kathleen 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 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 Kathleen real estate market.

More Houston County Real Estate Market Reports for January 2018

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

You can find Anita on numerous social media networks or via her Kathleen Real Estate Blog. She is an active online 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.**