River Island March Market Update

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March NEWSLETTER 2022

RIVER ISLAND AWARDS GEORGIA MARKET UPDATES COLUMBIA COUNTY MARKET STATS FEB 2022 GREEN JACKET SALAD RECEIPE LAWN CARE IN MARCH

Current Area Market Stats SOLD

ACTIVE LISTINGS

UNDER CONTRACT

SOLD LISTINGS FEB

AVG. LIST PRICE

AVG. SALE PRICE

AVG. DAYS ON MARKET

636

1,957

695

$278,684

$279,972

96

Madera Hollowell Bobby Bentley We are excited to announce that River Island received many awards at the Augusta Homebuilders Association Stellar Awards!

BEST NEIGHBORHOOD BEST SELLING COMMUNITY NEW HOMES SITE AGENTS OF THE YEAR Did you know? We have officially started taking names for people who you like more information on the new section of River Island. Contact the Sales Team for more information.

We want to wish everyone a Happy Masters!

STATE MARKET UPDATE (ALL OF GEORGIA) February 2022 Recap GEORGIA ASSOCIATION OF REALTORS

The U.S. real estate market remains hot ahead of the spring selling season, with existing home sales up 6.7% as of last measure, according to the National Association of REALTORS®. Experts attribute the growth in sales to an uptick in mortgage interest rates, as buyers rushed to lock down their home purchases before rates move higher. Mortgage rates have increased almost a full percentage point since December, with the average 30-year fixedrate mortgage briefly exceeding 4% in February, the highest level since May 2019.

Inventory was at an all-time low of 860,000 as February began, down 17% from a year ago and equivalent to 1.6 months supply.

According to Lawrence Yun, Chief Economist at the National Association of REALTORS®, much of the current housing supply is concentrated at the upper end of the market, where inventory is increasing, while homes priced at the lower end of the market are quickly disappearing, leaving many firsttime buyers behind. The shortage of homes is boosting demand even further, and with bidding wars common in many markets, it’s no surprise sales prices continue to soar.

- New Listings in the state of Georgia decreased 1.9% to 13,678 - Inventory decreased 19.8% to 14,616 - Median Sales Price increased 21% from $264,490 to $320,089 - Days on Market decreased 23.3% to 33 days - Months Supply of Inventory decreased 23.1% to 1.0 months

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GREEN JACKET SALAD

Add a little bit o3 Tbsp olive oil 2 Tbsp red wine vinegar 1 tsp chopped fresh parsley 1 tsp seasoned salt 1 tsp dried oregano 1 head iceberg lettuce or 2 heads romaine lettuce, chopped 1 cup cherry tomatoes sliced in half 1 bunch green onions chopped 2 Tbsp grated Parmesan cheese 1/2 cup broken pita chips f body text

Instructions

Whisk together oil, vinegar, parsley, seasoned salt, and oregano.

Combine lettuce, tomatoes, green onions, Parmesan cheese, and pita chips in a large bowl.

Add dressing to the bowl and toss to mix.

SPRING to

do

Clean the AC condenser. Remove dust and debris that have accumulated on the AC condenser (the big metal box outside your house) so that the AC works efficiently.

Check around your windows, doors, and corner trim to prevent water infiltration and avoid costly repairs.

Take a close look at your roofing to check for loose and missing shingles, worn and rusted flashing, and cracked boots around vent pipes

LAWN CARE IN MARCH MARCH REALLY KICKS OFF THE BEGINNING OF THE LAWN CARE SEASON !

Here are a few things you can do this month: Remove any winter damage. Any branches, leaves, dirt, etc. laying on top of your grass should be removed.

Although your lawn hasn't started growing yet, these branches and weeds are going to start taking advantage of a weak lawn. They need to be removed.

Prepare your mower and lawn tools. Your tools have likely been sitting in your garage or shed for a few months. Pull them out and clean them up. Make sure they work and are ready to go when it's time to start using them.

Aerate. If you have warm-season grass (Bermuda, zoysia, St. Augustine), you should have your lawn aerated in early spring every year.

From Cottage Living to Luxury Living… contact the Sales Team if you know someone looking to move into River Island! The Sales Team is also available anytime you want a current market analysis on your home.

Your River Island Sales Team Madera Hollowell

Bobby Bentley

REALTOR | VICE PRESIDNET

REALTOR | VICE PRESIDNET

Licensed in GA & SC

Licensed in GA & SC

Cell: (706) 726-6606

Cell: (706) 993-5299

Office: (706) 945-0512 www.southeasternresidential.com