Hamilton Mill June Stats. Sales / Pending Sales / Active Listings
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hiThe Atlanta FMLS listing system (some data may also be from Georgia MLS) reports this data for Hamilton Mill as of July 2, 2008. These are the current active and sales data for the month of June 2008.
Recap: June actually turned out to be a pretty decent month for sales and pending sales after a slow first 5 months of 2008. We are starting to see a improvement in showing activity as well as the number of homes under contract and closed transactions. Sellers are starting to see the fact that pricing your home aggressively can and will drive traffic. We are still in a VERY competitive market and pricing, incentives and flexibility are key factors in getting homes sold.
Current Homes listed for sale in Hamilton Mill: 128
Highest Price Home: $1,250,000 / 2048 Bakers Mill Road (New Construction)
Lowest Price Home: $219,900 / 1490 Ridgemill Circle
Average List Price: $411,067
June 2008 Hamilton Mill Real Estate Sales: 5 (same as May 2008)
Diamond Dwellings Realty Participated in 30% of these closed sales. Market leader in this area again for the THIRD month in a row.
Highest Price Home: Sale Price: $460,000 / 2601 Floral Valley (Short Sale)
Lowest Price Home: Sale Price: $379,900 / 3398 Ridgemill Circle
Current Pending Hamilton Mill Real Estate Sales: 13
While the June sales are not what we’d hoped for in Hamilton Mill — Or all of Gwinnett County, the activity level has picked up as compared to Q1′08 and we have seen an improvement in the “pending/under contract” homes that are scheduled to sell. If you or someone you know is waiting for the market to level out to find that “deal” now is probably the time to take a hard look at your purchase opportunities. Do not wait and miss the bottom.
If you would like additional listing information on any home in Hamilton Mill email us at mhermes@diamonddwellings.com or call me at 678-279-4717. We will be happy to email a list of available homes for your review.
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Hamilton Mill - Gotta Have a Home Warranty
Related Posts: For Sale By Owner, Town Manor, Stores & Services, Real Estate
hiOne of the questions I am repeatedly asked when I am working with Buyers of resale homes in Hamilton Mill is “Why are you asking for a home warranty in our offer. If this house is as nice as we think why do we need a warranty for it?”
The reasons are simple: Because you need and want it!
As I sit here writing this post, it is 59 degrees in my home because the main level heating system is not working and yes, I too have a warranty on my home. I called the warranty company last night at around 10pm, and expect have someone to the house today to fix it.
In May of 2006, we bought our second home here in Hamilton Mill (The 1st home had a warranty as well) After one year in that house, I calculated that I saved over $6000 dollars in repair costs by having my home warranty. This is the first phone call I have had to make to Old Republic Home Warranty this time around and am curious to find out how much I saved. The original cost of the first warranty I was able to get the seller to pay for, and this years, the cost was on me. $425. Warranties are renewable and I would urge you to seriously consider purchasing a second or third year warranty as well.
Warranty companies typically charge a $50-$100 “Trip Fee” that covers part of the cost but I can tell you it is peanuts in comparison to what the overall cost of one or two repairs would normally have been charged.
Our home was built in 1998 and we had an inspection done prior to purchase but some times things happen to homes the age of mine. Here is a brief rundown of the items that have been covered thus far.
1. Recirculating Hot Water Issue - Savings $800 (First week we were in the home)
2. Lower level AC unit needed replacement - Savings $2100
3. Main level AC exterior unit replaced - Savings $1900
4. Refrigerator Compressor replaced - $500
5. Automatic Garage door thingy replaced - Savings $350
6. Leak from a upstairs bathroom - Savings $250
I will update the savings this time around once we get the heat back on and I can feel my toes.
PS: We also strongly urge our new listings to have a warranty as well once a home is listed for sale. The cost is nothing prior to the sale of the home and many items are covered while you currently are marketing your property.
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