Good evening, I hope everyone had a great weekend; there was a lot to do in our area this weekend. Here is your Hinesville-Fort Stewart residential real estate report for the week ending March 3, 2013. According to the Hinesville MLS in Liberty and Long counties there are 540 residential properties for sale + 16 from last week, of those;
80 are foreclosures +10 from last week
74 are builder properties -1 from last week
We have 103 pending sales which is -5 from last week, of those;
30 are foreclosures +/- 0 from last week
22 are builder properties -1 from last week
We had 14 closed transactions during the reporting period.
While inventory jumped a little this week, there is good news with the closed transactions, they closed on average within about 3% of list price and in several cases closed above list price, which could have happened for various reasons, maybe they needed to pay off a bill to qualify, or possibly add prepays, or a fence. 10 of the 14 were below $120,000, 3 of the other 4 were new construction. I am pleased to see values beginning to stabilize in the market which is a great sign in the recovery of value. There are still some great values out there especially for investors. I hope everyone has a great week and remember me for all of your real estate needs anywhere in the world, call me today and let me show you the way home.