Welcome to October! Today, we’re giving you a monthly market update for the month of September in Richmond and Columbia County. Let’s start with Richmond County!
- We had 397 active properties for the month of September
- Out of those 397, we had 211 homes go pending and 108 properties actually closed.
The average lease price for the month of September was $155,200. So the selling price was actually $140,700. So, that changed a little bit from last month because when you take those numbers, the sold to lease price is 97.3%. So it actually went down a little bit so people that leased in the month of September got a little bit less money for their property than what they leased the property for. The price for a square foot for Richmond County was about $75. In comparison to last month’s $72-$73 average. So, it went up a little bit. Even though you sold it for a little less, you sold it for more money per square foot. Overall, Richmond County did great this month!
For Columbia County:
- We have 535 homes go active in Columbia County and that’s a lot of homes that went for sale last month.
- Out of those 535 homes, we have 269 of those properties go pending and 152 properties actually closed.
The average lease price in Columbia County is $282,000. The selling price for last month in Columbia County was $238,000. The lease to sell price was 98%. So, you are looking at a pretty strong market in Columbia County. If you lease your property, you can expect to get about 98% of the lease price. The price per square foot in Columbia County was about a $103 per square foot (that’s fantastic!). That’s a really good return on your investment.
Keep in mind, the average days on the market as well.
- In Columbia County, you are looking at about 96 days and that’s about three months.
- In Richmond County, the average days in the market is about 128 days so that is really good.
Be sure to check back with us next month for another market update!