Gwinnett County Market Snapshot

May 10, 2008

As of today, there are 9819 properties listed for sale on First MLS. The most expensive is 8.5 million dollars and the least expensive is $53,910. The average list price in Gwinnett County is $312,100.

Today, 73 new listings were added to the system and 11 properties were reported as sold. 73 properties saw their list prices reduced today, and though some of the reductions were very minor, a couple stood out.

1991 Birch Crest Place in Ivey Chase was reduced from $349,900 to $299,800. This home is 5 bedrooms, 4 full baths on a basement and weighs in at 3138 sq ft above grade. Here is a picture of the home:

2015 Lavender Drive, also in Ivey Chase, followed suit with a major reduction from $299,900 to $244,900. This home is 5 bedrooms, 3 full baths and about 2750 sq ft, also on an unfinished basement. Take a look:

1150 Henry Terrace in Cramac Plantation took a nosedive, plunging from $359,900 to $254,900. This 5 bedroom, 4.5 bath home is in a beautiful Lawrenceville subdivision and boasts 3525 sq ft and a partial finished basement. This property is bank owned. How does this look for the money?

The blood bath continued in Grayson Station, where 3030 Callie Still Road, a 6.4 acre property and 4 bedroom, 2.5 bath home slid from $585,000 to $450,000. Bring the horses.

Looking for a rental property? Hard to beat the 3 bedroom 2.5 bath home at 2926 Swarthmore Drive in the Rosemont subdivision. Originally listed at $113,900, it was reduced to $79,900 today. You buy it and I will find you a tenant – whaddya say?

This is just one day’s worth of one county’s pain. There is blood in the streets and it is time to buy. Call me and let’s find the perfect home for your situation!


One Response to “Gwinnett County Market Snapshot”

  1. […] June 1, 2008 Back on May 10, I reported on some price reductions in the Gwinnett County Real Estate Market. You can read that report by clicking here. […]

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