River Island Newsletter | April 2022

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WITH RIVER ISLAND SALES TEAM

April NEWSLETTER 2022

MARKET STATS MARCH 2022 APRIL HOME MAINTENANCE TIPS SELLER QUESTIONS

Current Area Market Stats SOLD

ACTIVE LISTINGS

UNDER CONTRACT

SOLD LISTINGS MAR

AVG. LIST PRICE

AVG. SALE PRICE

AVG. DAYS ON MARKET

670

1,867

905

$288,047

$289,752

93

Summer Fun!

PAGE 02

Market Update (Columbia County) March 2022 Recap FLEXMLS

-Average Sales Price was up 5% YOY to $391,472 - Avg. Days on Market are down 2.3% YOY to 84 days.

- Months Supply of Inventory was down 38% YOY to 0.89 months

PAGE 02

Market Update (Columbia County) March 2022 Recap FLEXMLS

Mar-2022

Mar-2021

% Chg

2022 YTD

2021 YTD

% Chg

Absorption Rate

0.89

1.43

-37.76

0.94

1.53

-38.56

Average List Price

$391,472

$372,895

4.98

$354,919

$319,896

10.95

Median List Price

$354,900

$315,000

12.67

$325,000

$276,900

17.37

Average Sale Price

$324,448

$277,733

16.82

$330,080

$278,809

18.39

Median Sale Price

$309,950

$258,900

19.72

$300,000

$256,200

17.1

Average CDOM

84

86

-2.33

85

96

-11.46

Median CDOM

41

48

-14.58

48

59

-18.64

PAGE 03

Market Update (Columbia County) March 2022 Recap FLEXMLS

PAGE 03

APRIL HOME MAINTENANCE

CLEAN CEILING FANS AND REVERSE TO COUNTER-CLOCKWISE INSPECT DRIVEWAY AND SIDEWALKS FOR CRACKS TRIM TREE BRANCHES AWAY FROM HOUSE CLEAN REFRIGERATOR COILS CLEAN BLINDS AND CURTAINS CHECK EXTERIOR SIDING FOR DAMAGE

livingLOCAL SUMMER CAMPS IN AUGUSTA, GA

● Augusta Prep Cavalier Camp ● Kids University at Augusta Univ. ● Episcopal Day School ● Hilltop Stables Riding Camp ● Columbia County Parks and Recreation ● City of Aiken – Parks, and Recreation

FREQUENTLY ASKED QUESTIONS FROM HOME SELLERS HOW MUCH WILL SELL MY HOME COST? While the concrete figure will depend very much on individual circumstances, there are some standard costs that home sellers might come across. These could come in the form of a real estate commission fee, an instrument survey, a title search, various repairs ,or any inspections that need coordinating.

HOW CAN I PREPARE MY HOME FOR SELLING? Take care of any necessary repairs (any leaks or damp problems, Taulty wires or plumbing problems) and ensure that the entire property is cleaned and decorated ready to be photographed for house listings.

SHOULD I STAGE MY HOME OR SHOW IT EMPTY? When giving tips for home selling, the perfect formula in this situation is a blend of the two: a staged home sells quicker than an empty one, but a prospective buyer needs to be able to picture themselves there without too many personal items and clutter distracting Bere o Here them.

HOW MUCH IS MY HOME WORTH? This is another number that heavily depends on the home's factors, but is Go Here figures about similar properties in the local area can easily be sourced online and used as a guide.

Madera Hollowell Bobby Bentley

WWW.SOUTHEASTERNRESIDENTIAL.COM

BEST NEIGHBORHOOD BEST SELLING COMMUNITY NEW HOMES SITE AGENTS OF THE YEAR *Augusta Homebuilders Association