Brrrrrrrr, Good evening, I hope everyone is having a great holiday weekend. Here is your weekly Hinesville – Fort Stewart residential real estate report for the week ending 17 February 2013. According to the Hinesville MLS in Liberty and Long counties there are 527 residential properties for sale + 4 over last week, of those;
72 are foreclosures -9 from last week
72 are builder properties + 1 from last week
We currently have 103 pending sales + 8 from last week, of those;
28 are foreclosures + 4 from last week
20 are builder properties – 1 from last week
We only had 2 closed transactions during this reporting period.
As I was analyzing the numbers, I took a look at exactly what the 103 pending sales were. There are only 5 pending sales over $200,000, of the 5 only 2 were over $217,000 and only 1 of those was new construction the other was on the coast. The strongest movement appears to be under the $140000 price point as market share seems to be shifting from shiny new to what kind of bargain can I get, there is nothing wrong with that as I think it is great, the resell market has been hit hard and they need the relief, I have 2 - 4 bedroom homes listed under $130,000 and both are great values, I also have a really nice 3 bedroom in Hawthorne that is really well kept just to mention a few. As the spring buying season begins let me show you the crème de la crème of the local inventory. Give me a call and let me show you the way home. Have a great week everyone!!