Byron Georgia Real Estate Market Report July 2017 Edition

Byron GA Single Family Home Report - July 2017

Despite a shortage of available homes, the real estate market in Byron GA remains strong as we push through the summer into fall. With less than 2 months of homes for buyers and investors to choose from, some consumers are turning to other Houston County GA markets to find what they need. Hear that potential sellers? It is time to get your property listed!

Real estate agents in Byron GA continue to show homes and many properties are exchanging owners. 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 transpired in July for the Byron 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 Byron GA or want help with your real estate needs, contact me and let's put my market expertise to work for you.

Active Byron GA Homes For Sale

As of this article (August 20th), there are a total of 44 houses for sale in Byron GA. The highest priced listing in this market is currently available at $480,000 and the lowest is only $28,500. Square footage of available properties ranges from 1,278 feet up to 7,338. Also, there are homes available in several different price points to meet the needs of all real estate buyers.

Consumers who are looking for a fixer-upper may want to check out the 3 distressed properties currently on the Byron 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 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 26 Byron homes that are pending sale. This represents a decrease of 3 properties from the previous month and could be the start of a market slowdown as the weather begins to cool down. Of these 26 homes, 6 properties are 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 July 2017

There was a total of 31 home sales in Byron GA during the month of July 2017. This represents the highest number of monthly sales in the past year (the annual average this past year is 21 sales). The average sale price for these homes $136K+ and they took an average of 57 days to sell! The 12-month average for both of these categories is $151K+ and 67 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 July was 98.04%, which was .01 higher than the 12-month average.

The most expensive sale in Byron real estate during July 2017 sold for $222,500. The lowest priced sale was $27,000. In addition, 5 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 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 Byron 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

This Byron GA real estate market report for July 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 anita@cbssk.com.

**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.**