Gwinnett County Home Sales Report
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hiIn a effort to provide timely and relative information on Gwinnett County home sales, I have provided this information for you as it was taken from the Gwinnett County Tax Commission website.
I was very surprised to see how drastic the change has been in the last year or so.
The number of homes sales is almost half of what it was last year and pricing has dropped considerably. What does this mean to you as a seller or buyer?
If you are buying a home, do not wait, especially if you are a first time buyer. Pricing will never be better and with the low interest rates and the First Time Home Buyer credit available now is the time to get off the fence. Do not wait.
As a Seller, you need to realize that price and condition are key. Price the home too high and you will sit on the market for a very long time. Price it properly and get it sold and you are now able to take advantage of the low prices on your new home. Yes, you will take a “hit” on the sale but you can more than make up for it if you are purchasing another home.
Statistics for Gwinnett County 2008 vs. 2009 Single Family Residence
Time # of Sales Median Sale Price
Feb 2009 368 $168,051
Feb 2008 693 $185,700
Jan 2009 455 $170,000
Jan 2008 826 $189,000
