Selling Metro Atlanta Real Estate

Hamilton Mill Under 200K?

Date: Aug. 17, 2009
Tags: None

Say it ain't so... Well, you know how the rest of the line goes. No I'm not making some strange political reference, I'm looking at what's going on in our neighborhoods!

If you live in Hamilton Mill in Dacula, GA, then I have some good news and bad news.

Let's get the bad over with.

Sales as low as $190K in some neighborhoods, Oakbrooke in particular.
The average active sold price is $100K (yes, 100,000) LESS than the average home on the market.
The average days on market is 90 days
Homes over the 1 million mark are very rare and can take up to a year to sell.

The good news?

Hamilton Mill doesn't have any homes under 200K for sale.
The homes under 200K are selling in 2 weeks or less.
The average sold price of a home is just under $300K
Most sellers are only giving a 5% discount on their asking price on average.

Search all Hamilton Mill Homes For Sale.

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Short Sale Buyers Are Becoming Acclimated To Waiting

Date: Aug. 12, 2009
Tags: Short Sales, Lawrenceville, Market Conditions

At the beginning of the year, agent and buyer alike loved the allure of the short sale but never the wait. Now, nearly 6 months later with thousands of short sales closing, buyers are beginning to be used to waiting and agents too.

As the top short sale team in Gwinnett County, we've noticed not only are buyers sticking with their purchases. Investors, like ShortSaleBuyers.com are facing competition from average buyers now in an effort to lock down a great deal.

Cities like Lawrenceville have always led the pack in number of foreclosures, are now seeing their numbers drop due to short sales. While cities like Suwanee, Dacula and Buford are seeing a huge increase in Short Sales, as homeowners try to avoid foreclosure.

Short Sales are here to stay at least for next few years.

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