Hamilton Mill Park Market Conditions | Dacula GA

Hamilton Mill Park Market Conditions – Jarvis Team

1st Quarter 2014

hamiltonmilllrealestateThere are currently 23 homes for sale at Hamilton Mill, Dacula. The list price range of these homes are between $228,800 to $644,998.

The average listing price for active homes at Hamilton Mill is $406,713 while the homes sold since February of last year have an average listing price of $306,607. The median list price for active single family residential home properties in the subdivision is $349,900 while for those that have been closed since February 2013 have a median of $289,900.

In this neighborhood, 4-homes were sold at an average price of $254,033, 5-bedroom homes at $337,156, and 6-bedroom homes at $338,078. There were no 7-bedroom homes at Hamilton Mill sold in the past year but currently, there is one that is on the market.

All market data and statistics are pulled directly from the local MLS data as of February 2013.

Find out how much your Hamilton Park Home is here!

Trilogy Park 1st Quarter Market Update | Hoschton

Trilogy Park Homes for Sale Market Conditions – Jarvis Team

trilogy park real estate1st Quarter 2014

At present, there are 9 active properties for sale at Trilogy Park, Hoschton, GA. The average listing price for active homes at Trilogy Park is $319,833 while the homes sold since February of last year have an average listing price of $248,863. The median list price for active single family residential and condo/town home properties in the subdivision is $319,900 while for those that have been closed since February 2013 have a median of $240,000.

According to the data from MLS, most homes sold over the past year had either 5 bedrooms or 4 bathrooms. Furthermore, some homes that have 5 or 6 bedrooms were sold in less than 50 days while some homes that contained a smaller amount of rooms took a little longer to sell.

A 4-bedroom home in Trilogy Park sells at an average of $233,967. Homes with 5 bedrooms sell at an average of $ 261,200 and lastly, the sold home that had 6 bedrooms was priced at $250,000.

All market data and statistics are pulled directly from the local MLS data as of February 2013. For more comprehensive Homes data you can go to our website at http://gahomesdigest.com.

Find out how much your Trilogy Park Home is here!

Hedgerows – Buford GA Real Estate Market Update

hedgerows buford ga

Hedgerows – Buford GA Real Estate Market Update 1st Quarter 2014

hedgerows buford gaOverall Hedgerows looks to continue the price increase, assuming that there are no other short sales. There are currently 10 homes for sale at Hedgerows, Buford. The list price ranges from $349,000 to $564,000 with an average list price of $468,525. The average listing price for Homes in Hedgegrows since the month of February 2013 is $373,203 The median list price in February for single family residential properties in Hedgegrows is $412,019.

According to the data from MLS, some that had a list price of under $400,000 were sold faster (under 60 days) than those priced higher. Only one home with 4-bedrooms was sold over the past year. More homes with 5 or 6 bedrooms were sold, the former having fifteen sales and the latter having 4.

New construction continues to be the best and worst thing about Hedgerows right now. It’s great because the vacant lots are not going away but it also creates competition for current home owners.

Chateau Elan 1st Quarter 2014 Market Update

chateau elan marketSince February of 2013, there were 45 homes that were sold in Chateau Elan and they were sold at a range of $244,500 to $1,999,000. The average list price of these homes sold was $663,871 and the median list price was $629,000.

Overall we see Chateau Elan continuing the “upward trend” with some of the homes on the upper end (really ultra luxury real estate) moving the least in terms of price.  The pressure from new construction, new builds and other neighborhoods will keep the upper tier in line.    However, this year many buyers are finally comfortable making a move and overall we see Chateau Elan’s “floor” price rising.

Chateau Elan routinely outsells every other community and is only rivaled by mega-neighborhoods such as Hamilton Mill.

Buford Neighbor Wins Lottery

Buford Lottery WinnerBuford: 71 Year-old Local Wins $1 Million!

A 71-year old retired postman from Buford has won $1 Million at a scratch off game. Eddie Beard’s luck came from a $20 scratch card, the Georgia Lottery’s 20th purchased his ticket at a store located at 1875 Peachtree Industrial Boulevard in Buford, Wee Willy’s.

Many had joked that this was his late retirement gift. However, the newest millionaire, who resigned from his post 2 years ago, does not have any idea on how to spend his money just yet.

In his press release with the Georgia Lottery, he said, “I was shocked, I wanted to go sleep, but I was excited, of course.”

There are two other Georgia residents who had won the top prizes in the Georgia Lottery: Maurice Matthews of Douglasville, 65 years old, and Regina Williams of McDonough, 48 years old.

The Georgia Lottery’s 20th Anniversary Extravaganza instant game. He had Anniversary Extravaganza is a game where residents can win cash prizes instantly.

Well we have some suggestions for Eddie!

See More Buford Homes

Real Estate Market Review

NewConstructionThe real estate market review of 2013 is out!  We reviewed the Mill Creek area and have posted video reviews out on most of the ones featured here.  We also give a preview of 2014.

For the most part, neighborhoods in the Mill Creek are all created stability.  While that may look like a 10% increase overall in “Average Price,”  the real winner of 2013 was the stability mentioned.  It meant that if your neighborhood had 10 sales, that you could easily see the transition from short sales and foreclosures to resales and corporate sales.

As we go into 2014 things that will effect the overall real estate market outside of your usual jobs report are the interest rates and new construction.

Check out the real estate market review/preview for your neighborhood:

Hamilton Mill Real Estate in Dacula – Market Update

Hamilton Mill in Dacula is likely the most effected by the new construction in Gwinnett county out of most of the neighborhoods overall.  The new homes are right within the same price point as Hamilton Mill homes are and they are a good 10 years newer.  No new community in development can really compete with Hamilton Mill on amenities and it will always have that “destination” feel for most home buyers, however, how much is a name worth?  Hamilton Mill home owners likely won’t be able to “feel” the impact until the first quarter of 2014, and by the time it’s identified in summer 2014 it may be too late to sell.  Our recommendation is sell now before the builder inventory gets… well built up.  Competing with new construction and professional sellers can drive prices one place… down.   The only hope would be a surge in overall demand.

Hamilton Mill Homes For Sale

Hidden Falls Homes For Sale Report – August

Hidden Falls as the name implies is one of Buford’s hidden gems. The prices have fallen but are currently on the rise, which is great news for Hidden Falls home owners. Homes under $450K  in hidden falls get the benefit of the current seller’s market going on.  There’s simply not enough inventory in the lower price points which are driving buyers to look higher… up to a point and that point is exactly $450,000.  That’s $50,000 from the standard “luxury” definition for our area.

Overall, the outlook is for the neighborhood’s lower price point to rise slightly while the upper priced homes in Hidden Falls will likely remain flat.  The reason is that although the new construction will raise the overall ceiling on prices it’s that same new construction in the area that will compete directly with Hidden Fall homes for sale.

Hidden Falls Homes For Sale

Chateau Elan Real Estate Market Update

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)

Trilogy Park Market Update – Hoschton Real Estate

Trilogy Park Market Update – Hoschton Real Estate

Trilogy Park in Hoschton,GA is still in a recovery however dazzled are picking up.  Great news is also around the corner as the old builder, Waterford is building out a few homes.  Hopefully the builder will be able to push the home values back up.  However this is a long term situation as the builder homes will also compete with resales in the subdivision.  Home owners should act quickly if they want something similar to what the builder is going to sell for. Only those that upgraded their homes (and not over upgraded) will have a chance at competing with the new construction.
Trilogy Park Homes For Sale