What’s Our Augusta Market Up to?

Here’s what you should know about our market as we get 2021 underway.

We’re finally into the new year, so you may be asking yourself, “How is the real estate market primed for 2021?” First of all, when interest rates are as low as they are right now (they’re one percentage point lower than they were at this same time last year), it bodes well for the real estate market and overall economy—2.38% is simply an unbelievable mark. 

Typically, low inventory is desirable for homeowners since it drives prices up, but our inventory shortage is quickly becoming downright problematic; the market can’t move forward if there just aren’t any houses for sale, and many would-be buyers are backing off a little bit. Some have been priced out of the market, others without a pressing need to buy don’t feel compelled to grind it out in a bidding war, and others still are taking a more “wait-and-see” approach. 

That said, our Augusta market is shielded from a lot of the national economic trends because we have so many people moving here all the time. All in all, now is an excellent time to sell your house, especially if you’re thinking about downsizing and want to maximize your equity amid an upturn in prices. It is important to note that national economists have flagged a few things that could pose legit problems for our market moving forward, such as the negative effect rising prices might have on the affordability index. (Thankfully, Augusta’s affordability index rating remains exceptional). 

Now is an excellent time to sell your house, especially if you’re thinking about downsizing and want to maximize your equity amid an upturn in prices.”

While no one has a crystal ball, we all know that the economy rises and falls; we’re in a peak now, so it’s a great time to ride the tide and sell your home for top dollar. If you have any questions on the market or are thinking about buying or selling property soon, don’t hesitate to reach out to us by phone or email. We’re always here to help, and we’d love to hear from you!


Why Are More People Choosing to Live In Augusta?

Interested in buying? Contact us to view all listings

 

If you’ve been following the numbers in 2015, you know that there are more jobs in Augusta, and that affects the real estate industry greatly. We are seeing a lot of new people move to our area right now, which is creating tremendous opportunity in our city, a varied economic base.

9.2

We are absolutely poised for a big year in the market. We remember the explosive growth of real estate in the 1950’s and 1960’s, and are excited to usher in a new era of great home appreciation. Right now, homes are appreciating well. So if you’re considering buying, know that you will be able to sell your home for more than you purchased it for.

If you have any questions for us, give us a call or send us an email. We can’t wait to hear from you!


What Do You Need to Know About Augusta Real Estate?

Interested in buying? Contact us to view all listings

You’ll all be glad to hear that the real estate market is seeing a boom right now, and the buyer’s market that we had seen for so long is now disappearing.

We’re even beginning to see multiple offers on properties, and the list to sale price ratio has increased and it now sits at 98.6% of the asking price.

Some of the other indicators that our market is performing well are the fact that 3,200 homes sold and there is only a 5 month supply of homes on the market.

7.28

If you’re looking to sell your home, now is a fantastic time to do so. Homes are selling for high prices, and buyer demand is high, so you have a good chance to have a profitable sale.

As for buyers, we urge you to buy soon before home prices rise. Interest rates are incredibly low right now, so you have a wonderful opportunity to buy an affordable home.

If you need any assistance buying or selling in Augusta, please don’t hesitate to contact me!