Hamilton Mill / Dacula Market Update
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Hamilton Mill has seen its share of both good and bad times in the real estate industry in the past couple of years and while no one is saying we are through the troubled times, there is reason to be optimistic that the worst has come and gone. As you all have heard and read, real estate is a local market. One market may be going gangbusters, while another market in the same general area is really in a downturn.
For the past 10+ years the Hamilton Mill market has been perceived and will continue to be perceived as a premier place to live and with that comes some positive real estate industry news.
For one, we are starting to see more and more homes going under contract which is good for all of us. Yes, prices are not where we want them to be but homes are starting to sell. Currently there are 13 homes under contract in Hamilton Mill and two more are about to go under contract that we know of.
Here are some statistics to ponder if you are considering buying or selling a home within Hamilton Mill from the Altos Research website.
The median single family home price in Dacula is $269,900
Median single family home price in Hamilton Mill is over $400,000.
Dacula average days on market is: 112 and the trend is moving downward.
Percent of properties in Dacula with price reductions: 42%
Buyers market currently set at a 15. This shows that it is still a buyers market but is moving higher which tends to indicate we are past the “bottom”. Two months ago this number sat at a 7. There is several months of inventory available at the current sales rate. Buyers should find ample choices available.
For more information regarding the Hamilton Mill / Dacula area please feel free to email us at mhermes@diamonddwellings.com or call us at 678-279-4717 and we will be happy to provide more detailed information to you.
