Centerville GA Single Family Home Report for October 2018
October 2018 Edition
The Centerville GA real estate market finally took a step backwards after running full steam ahead since March. With limited inventory it is getting tougher for both buyers and investors to find what they seek in this city. Hear that homeowners...if you have been on the fence, getting your home listed so it can be seen and sold in this real estate market should be a top priority right now!
Currently, there is only 3 months of available homes to choose from. You will hear it repeated a few times in this analysis...new homes are needed to keep buyer interest. Otherwise, they will move on to other areas in Houston County for their real estate needs.
As a top real estate agent in Centerville GA I am getting consumers into properties as soon as those houses hit the market. The quicker they get in to preview the property the better opportunity they have to make a decision about it. Any delay could be costly as there are plenty of other consumers who are also out looking for a home. Be prepared to act quickly.
So, what happened in the Centerville real estate market this past month? Let's check out all the details and see if this market is the right one for you!
Active Centerville GA Homes For Sale
As of this article, there are a total of 23 homes for sale in Centerville GA. The highest priced listing in this market is currently available at $499K+ and the lowest is $70K+. Square footage of available properties ranges from 1,196 feet up to 4,943. 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 currently have zero distressed homes to pick from in the Centerville real estate market. Fortunately, there has not been an increase in foreclosure/short sale homes this past quarter. That is good news as these properties can have a negative future impact on both appraisals and sales prices in the affected neighborhood.
The highest priced home for sale in Centerville is a home located at 306 Thomson. Available for $499,900, this 4.9K+ square foot home has 4 bedrooms, 4 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 catch you off guard. However, the lack of inventory is starting to have an effect and new homes for sale are needed or buyers will find homes more to their liking in other middle GA communities. Of the 7 pending homes in this city, 1 is a distressed property.
Despite low availability, homeowners must ensure their house is ready for visits, updated as needed, and priced according to the current market conditions. Properties that are not in good shape will definitely sit, leaving owners scratching their heads wondering why other houses are selling and their home is not.
Centerville GA Single Family Homes Sold
There was a total of 7 home sales in Centerville GA last month. This represents the eighth highest number of monthly sales in the past year (the monthly average this past year is 8 closings). The average sale price for these homes was $180K+ and they took an average of 50 days to sell! The 12-month average for both of these categories is $163K+ and 58 days from listed to sold. As a comparison, during this same timeframe last year, the averages were $158K+ and 44 days.
The average days on the market was higher than expected this past month but it was good to finally see some of the older inventory finally exchange hands. However, 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 last month was 98.90%, which was well off the 12-month average of 98.37%.
The most expensive sale in Centerville real estate last month sold for $274K+. The lowest priced sale was $98K. None of the sales this past month were distressed houses. 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 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.
A Centerville Real Estate Agent You Can Trust
This Centerville GA real estate market report was provided by Anita Clark. Anita is a licensed residential real estate agent in Centerville GA. She works at 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 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.**