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Warner Robins GA area is currently a Buyer's Market

02-19-08
John Cobb, Realtor®
John Cobb, Realtor®: Real Estate Agent in Warner Robins, GA
  • view my blog
  • Office: (478) 953-8595 x272
  • Mobile: (478) 396-2440

What does this mean?

An over abundance of inventory in New Construction homes in the Warner Robin's area has given buyer's a greater number of homes to choose from throughout Houston County with various price ranges. Buyers are also taking a little longer to narrow down their selection before purchasing. Negative news media regarding Real Estate trends is also making homebuyer's more cautious about buying. Some states such as California and Florida have had major Real Estate problems, while Georgia's housing market remains strong. Between the large inventory of homes for sale in Warner Robins GA, buyer's being more selective, and negative news media; there is now for the first time in 12 years a buyer's market in Warner Robins Georgia. Interest rates have also recently dropped the lowest they have been in over 5 years, making this a great time to buy a home.

Conclusions

1. Seller's that price their homes correctly and in-line with their competition are selling quickly, and getting close to their asking price, while overpriced homes rarely receive any offers.

2. New Construction - Builders are more flexible on extras and helping with closing costs

3. Resale Homes - Sellers should have a market analysis of their home to determine the best price, have their home looking great, and in good repair before putting the home on the market. They should also be prepared to help with buyer's closing costs.

4. It is even more important to use a qualified Real Estate Professional now, more than ever. Buyer's can use a Realtor to help narrow down their search, and avoid buying an overpriced home, and Seller's will need Realtor marketing skills and resources to help sell their home.

For more information on Warner Robins Real Estate, please visit my Warner Robins Real Estate website.

My photo.jpgcblogo-sm.gif

John W. Cobb

REALTOR® jcobb@coldwellbankerssk.com

Coldwell Banker, SSK Realtors

Cell – (478) 396-2440

Work – (478) 953-8595 ext 272

http://www.johncobbmiddlega.com

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Demon Dress Drive

02-15-08
Peggy C. Jessup
Peggy C. Jessup: Real Estate Agent in Warner Robins, GA
  • view my blog
  • Office: (478) 953-9100
  • Mobile: (478) 396-5459

Warner Robins High School student council collects dresses to make prom dreams come true.

There are so many formal parties in the county and usually a girl wears a particular dress once. It makes sense to make those little-worn dresses available to high school girls who might not want to pay a few hundred dollars for a dress that they will only wear once. That's why the student council is collecting new and nearly new formal dresses, to be sold in the 2nd annual Demon Dress Drive.

Once the dresses are collected, they will be sold at Warner Robins High School. All proceeds from the sale of the dresses will be donated to Houston County Foster Care program. Young women from all schools are welcome to participate in the sale.

This years sale was larger than last year, as there was much more media coverage than before. There were over 60 girls and mothers in line when the doors opened at 10am. The amount of funds raised was doubled from last year. Thanks to our sponsors, Sharing Elegance, Strato Menswear, Flint Energies and Americom Realty.

http://www.demondressdrive.com/

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Houston county market stats Feb 2008

02-15-08
Peggy C. Jessup
Peggy C. Jessup: Real Estate Agent in Warner Robins, GA
  • view my blog
  • Office: (478) 953-9100
  • Mobile: (478) 396-5459

This report is residential properties only, for the entire service area that our MLS covers.

As of Feb, 2008, there are 1,869 residential properties available in our multiple listing service. The average listing price is around $180,00 with DOM at 129 days. Since Jan. 1, we have listed 639 homes and sold 26% of these or 167 homes. These 167 homes that have sold, went for 97% of their listed price. 35% of what was listed has expired.

Last year during this same time period, we were selling 46% of what we had listed, for DOM at 93 days, with only 13% expired. We had listed 1,504 and sold 703. The list price to sale price ratio was 98%.

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