Gwinnett County Real Estate Market Report

May 24, 2008

It’s Friday and here is a look at the Gwinnett County Real Estate picture.

9934 properties are listed for sale, according to First MLS. The most expensive continues to be 8,500,000 dollars and the least expensive is $53910. The average list price is $312,149.

So far in 2008, 2353 properties have been sold in Gwinnett County. The sold properties ranged in price from $42,500 to $3,028,817. The average sale price has been $232,991. The average market time has been 102 days.

Of the properties that have sold, 17 have sold for $1,000,000 or more. 87 have sold for $500,000-$999,99. 110 have sold for $400,000 to $499,999. 217 have sold for $300,000 to $399,999. 639 have sold for $200,000 to $299,999.1166 have sold for $100,000 to $199,999 and 117 have sold for under $100,000.

Note that 77% of the homes sold were sold for between $100,000 and $299,999.

In today’s news, 67 properties were listed for sale and 15 were reported sold. 68 homes saw their list price lowered today. Here are some notables –

2211 Lakeway Drive in Dacula is located in the Lake Park subdivision, features 3bedrroms, 2.5 baths and a full unfinished basement. This 1920 squre foot home on a 929 square foot basement last sold in January 2006 for $185,000. Buy it out of foreclosure today for $124,900 – reduced from $159,900, a 22% reduction. Here is a photo:

27 Bethesda Church Road, Lawrenceville was reduced by 19%, from $1,200,000 to $975,000. This 8 bedroom, 4.5 bath home sits on 3 acres of land and boasts 7742 square feet of above grade space anda 6028 square foot basement. It must be capable of selling itself, as the pictures are pretty lax for such a premium price. Here is a photo.

If you are looking for a bargain, this might be it. 831 Hampton Hill Court in Lawrenceville’s Heritage Place subdivision had the day’s largest percentage PLUNGE, with the list price dropping by nearly 38% from $144900 to $90,100. This is a foreclosure home, featuring 3 bedrooms, 2.5 baths and 1488 square feet. This home sold new in 1988 for $82,000 and the owner is offering to pay the closing costs. Investors – this is your opportunity! Here is a photo.

Want to see some of these Gwinnett County Homes? Call Chris Compton at 770-682-7735 or visit www.HomeTeamCoach.com today!

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