The first quarter of 2010 has come to a close. 21 homes were sold in Hamilton Mill over those first 3 months of the year. This is our usual “quick snapshot” of the sales results. It’s meant to give you a basic idea of what’s happening in the market. You’ll see as you look into the data that sharp analysis and accurate market values for your home (or any other comparable home) requires a more complete review of many other important variables such as closing costs (not reflected here) & seller motivation — including, of course, foreclosures and short sales. As always, more information and often more up-to-date information is often available here at HamiltonMillDwellings.com as the days and weeks pass going forward.
Pricing & Values…
Back in January, I used the term “reserved recovery” to describe our local market conditions here in Gwinnett County. I still think that represents an accurate assessment. In fact, I think we can expect exactly that for months to come — even a few years. If you look back at Georgia’s real estate values for decades (before 2003 or 2004) what you see is very slow, steady growth. Month after month & year after year – 2%, sometimes 3% annual growth. We’re returning to that pattern of positive (but slow & steady) growth.
How’s The Gwinnett Market…
This week I wrote a blog post about a national data report that just came out. It shows that pricing is still declining very slightly. However, sales volumes are rising with DOM (days-on-market) going down. This data supports my comments above. Here’s a link to find that national report.
What’s Next…
At the end of April, most of the first time home buyer tax credits will have expired. There is no indication from Washington that these credits will be extended any further. Most markets are improving slowly – and hopefully that trend with continue without these interventions in place. Spring is upon us and I’m predicting an improved Q2 vs ’08 and ’09. We shall see 
Probably want to click here…
Here’s the link to download the new report.
Please note that this file is not the final print version. If’ you’d like a print copy, please email matt@diamonddwellings.com
