May 13, 2019 at 1:43pm | Jasmin Bradley

Welcome back to another 30-day market update! Richmond and Columbia County both experienced a steady market month during April! Price per square foot continues to rise in Richmond County, while the list to sell ratio in Columbia County is almost 100%!

RICHMOND COUNTY

Richmond County had 9 active listings. We had a total of 35 properties that had activity in the month of April. These are properties that stay active, even though they went on the market, they still didn't sell, so they went over to the month of May. Then we had 15 pending properties and 11 closed.

  • The average list price was $163,260. It's not quite what we had at the beginning of the third and fourth quarter last year.
  • The average sale price was higher: $174,309. 
  • We had an average list to sell ratio of $88.29.
 (What that means is if you price your home at a $100,000, then you'd get $88,290, which is 88.29% of your sales price.)
  • The price per square feet was $83.60. This is a huge increase in comparison to previous quarters. This spike could be due to a specific property or sellers could have begun pricing their property a little more competitively.
  • The average days on the market was 71 days, which means you're looking at anywhere between three to four months to get your property from listing to completely sold.

COLUMBIA COUNTY

We had a total of 65 properties that had activity in the month of April. There were 27 active listings. There were 23 properties pending in Columbia County and 15 actually closed.

  • The average list price was $278,000. 
  • The average sales price was $256, 580. 
  • The average sold to list ratio was actually 99.22%. 
  • The price per square foot was $105.70, while the average days on the market was only 38 days!

So what does that mean for you as a seller? That means you've priced your house very well and probably received an offer no later than a few days after listing. If you're a buyer, this means you have to make up your mind quickly. If you go to the house and you like it, make the offer right away to lock it in. You also have a due diligence period that you can take advantage of and do your inspections and change your mind afterward. But if you are not competitive and you're moving too slow, you're going to lose out in Columbia County.

See you next month for another market update! Be sure to visit our YouTube channel to watch the full video! If you're constantly on the go, you can listen to monthly market update each month on our podcast through Spotify, iTunes, and Google Play Music.
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