Chateau Elan is still a top selling neighborhood, despite the number of distressed sales the overall outlook is very good as prices start to creep back up. Chateau Elan right now is a great value for move up buyers coming from the surrounding subdivisions such as Hamilton Mill, Trilogy Park and Hidden Falls. Its worth noting that there hasn’t been any sales in the area over 2 million so those in the legends may need to wait a bit longer for the recovery.
New Construction inside of Chateau Elan as well as surrounding areas will affect only the lowest price point in Chateau Elan itself. Overall, there’s not too many homes being built that’s consider “luxury” in Gwinnett County with a few exceptions. (Stonewater Creek)