Gwinnett Home Sales for April 2012

10 05 2012

The following table has been updated with May figures for Gwinnett County.

Remember, your real estate values are local to your area.  If you have any questions about what your home is worth, please go to www.GAHomePrices.com, fill in the requested information, and I will be happy to put together a report especially for you.

If you find yourself in an “upside down” situation on your mortgage (you owe more on your mortgage than what it’s worth) and you are not sure what your options are, go to www.GAMortgageHelp.com, submit your information and I’ll be glad to send you free information regarding your options.

Have a Great Week!  – Joan Boudreau-Alexander, 770-356-4656, JoanRealEstate1@gmail.com


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Categories : Market Statistics, Gwinnett County

Gwinnett Home Sales for March, 2012

10 04 2012

The following table has been updated with March figures for Gwinnett County.

Remember, your real estate values are local to your area.  If you have any questions about what your home is worth, please go to www.GAHomePrices.com, fill in the requested information, and I will be happy to put together a report especially for you.

If you find yourself in an “upside down” situation on your mortgage (you owe more on your mortgage than what it’s worth) and you are not sure what your options are, go to www.GAMortgageHelp.com, submit your information and I’ll be glad to send you free information regarding your options.

Have a Great Week!  – Joan Boudreau-Alexander, 770-356-4656, JoanRealEstate1@gmail.com


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Gwinnett Home Sales for February 2012

8 03 2012

The following table has been updated with February  figures for Gwinnett County.

Remember, your real estate values are local to your area.  If you have any questions about what your home is worth, please go to www.GAHomePrices.com, fill in the requested information, and I will be happy to put together a report especially for you.

If you find yourself in an “upside down” situation on your mortgage (you owe more on your mortgage than what it’s worth) and you are not sure what your options are, go to www.GAMortgageHelp.com, submit your information and I’ll be glad to send you free information regarding your options.

Have a Great Week!  – Joan Boudreau-Alexander, 770-356-4656, JoanRealEstate1@gmail.com


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Gwinnett Home Sales for January 2012

17 02 2012

The following table has been updated with January figures for Gwinnett County.

Remember, your real estate values are local to your area.  If you have any questions about what your home is worth, please go to www.GAHomePrices.com, fill in the requested information, and I will be happy to put together a report especially for you.

If you find yourself in an “upside down” situation on your mortgage (you owe more on your mortgage than what it’s worth) and you are not sure what your options are, go to www.GAMortgageHelp.com, submit your information and I’ll be glad to send you free information regarding your options.

Have a Great Week!  – Joan Boudreau-Alexander, 770-356-4656, JoanRealEstate1@gmail.com


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Gwinnett Home Sales for December 2011

9 01 2012

The following table has been updated with December figures for Gwinnett County

Remember, your real estate values are local to your area.  If you have any questions about what your home is worth, please go to www.GAHomePrices.com, fill in the requested information, and I will be happy to put together a report especially for you.

If you find yourself in an “upside down” situation on your mortgage (you owe more on your mortgage than what it’s worth) and you are not sure what your options are, go to www.GAMortgageHelp.com, submit your information and I’ll be glad to send you free information regarding your options.

Have a Great Week!  – Joan Boudreau-Alexander, 770-356-4656, JoanRealEstate1@gmail.com


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Categories : Gwinnett County, Market Statistics, Uncategorized

Gwinnett Home Sales for November, 2011

13 12 2011

The following table has been updated with November figures for Gwinnett County.

Remember, your real estate values are local to your area.  If you have any questions about what your home is worth, please go to www.GAHomePrices.com, fill in the requested information, and I will be happy to put together a report especially for you.

If you find yourself in an “upside down” situation on your mortgage (you owe more on your mortgage than what it’s worth) and you are not sure what your options are, go to www.GAMortgageHelp.com, submit your information and I’ll be glad to send you free information regarding your options.

Have a Great Week!  – Joan Boudreau-Alexander, 770-356-4656, JoanRealEstate1@gmail.com


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Gwinnett Home Sales for October, 2011

10 11 2011

The following table has been updated with October figures for Gwinnett County.Remember, your real estate values are local to your area.

If you have any questions about what your home is worth, please go to www.GAHomePrices.com, fill in the requested information, and I will be happy to put together a report especially for you.

If you find yourself in an “upside down” situation on your mortgage (you owe more on your mortgage than what it’s worth) and you are not sure what your options are, go to www.GAMortgageHelp.com, submit your information and I’ll be glad to send you free information regarding your options.

Have a Great Week!  – Joan Boudreau-Alexander, 770-356-4656, JoanRealEstate1@gmail.com


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Gwinnett Home Sales for September, 2011

10 10 2011

The following table has been updated with September figures for  Gwinnett County.

Remember, your real estate values are local to your area.  If
you have any questions about what your home is worth, please go to www.GAHomePrices.com, fill in the requested information,
and I will be happy to put together a report especially for you.

If you find yourself in an “upside down” situation on your
mortgage (you owe more on your mortgage than what it’s worth) and you are not
sure what your options are, go to www.GAMortgageHelp.com, submit your
information and I’ll be glad to send you free information regarding your
options.

Have a Great Week!  – Joan Boudreau-Alexander, 770-356-4656, JoanRealEstate1@gmail.com


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Gwinnett Home Sales for August, 2011

16 09 2011

The following table has been updated with August figures for Gwinnett County. 

Remember, your real estate values are local to your area.  If you have any questions about what your home is worth, please go to www.GAHomePrices.com, fill in the requested information, and I will be happy to put together a report especially for you. 

If you find yourself in an “upside down” situation on your mortgage (you owe more on your mortgage than what it’s worth) and you are not sure what your options are, go to www.GAMortgageHelp.com, submit your information and I’ll be glad to send you free information regarding your options.

Have a Great Week!  – Joan Boudreau-Alexander, 770-356-4656, JoanRealEstate1@gmail.com


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Gwinnett County Home Sales for May 2011

6 06 2011

The following table has been updated with May figures for Gwinnett County.  Sales are down only 2.5% from last year. 

Remember, your real estate values are local to your area.  If you have any questions about what your home is worth, please go to www.GAHomePrices.com, fill in the requested information, and I will be happy to put together a report especially for you.  Have a Great Week!  – Joan Boudreau-Alexander, 770-356-4656, JoanRealEstate1@gmail.com


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Gwinnett County April 2011 Home Sales

10 05 2011

The following table has been updated with April figures for Gwinnett County.  Sales are down 19% from last year. 

 

Remember, your real estate values are local to your area.  If you have any questions about what your home is worth, please go to www.GAHomePrices.com, fill in the requested information, and I will be happy to put together a report especially for you.  Have a Great Week!  – Joan Boudreau-Alexander, 770-356-4656, JoanRealEstate1@gmail.com


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Gwinnett County Homes Sales Updated Through March 31, 2011

5 04 2011

 

The following table has been updated with March figures for Gwinnett County.  Sales are down 12.9% from last year. 

Remember, your real estate values are local to your area.  If you have any questions about what your home is worth, please go to www.GAHomePrices.com, fill in the requested information, and I will be happy to put together a report especially for you.  Have a Great Week!  – Joan Boudreau-Alexander, 770-356-4656, JoanRealEstate1@gmail.com


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Gwinnett County Homes Sales Updated Through February 2011

7 03 2011

The following chart has been updated to reflect all of February 2011 for Gwinnett County, GA.  These numbers include the number of sales for single family detached homes in Gwinnett County.  They do not include condo’s or townhomes. 

Homes sales were up from last month, but still down from a year ago.  Average sales price really dropped in February.  This average sales price tells us that the lower priced homes are what are selling.  And, in fact, to support this, I looked at the months of inventory in Gwinnett County for different prices ranges. 

For example, homes priced at less than $100,000, there is only 7 months of inventory.  What that means is that if no additional homes came on the market, it would take 7 months to absorb the inventory currently on the market.  A balanced market is typically 4 – 6 months of inventory.  Anything over 6 months is considered a “Buyer’s Market”.  In the $450,000 – $500,000 range, the months of inventory stands at 20 MONTHS!  Again, that means that the higher priced homes are not selling as well as the lower priced homes.

If you have any questions about what your home is worth, please go to www.GAHomePrices.com, fill in the requested information, and I will be happy to put together a report especially for you.  Have a Great Week!  – Joan Boudreau-Alexander, 770-356-4656, JoanRealEstate1@gmail.com


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Case Shiller Price Index – Metro Atlanta Area

28 02 2011

The last Tuesday of each month, the S&P Case Shiller Price Index releases their numbers on home prices.  February 22, 2011 indicated if you lived in either San Diego or Washington DC, you would have seen year over year prices increases of 1.7% and 4.1% respectively.  The other 18 cities that this index follows were negative.  Metro Atlanta, Georgia unfortunately had a -8.0% year over year decline putting us in the bottom 3 cities with the most declines in our property values. 

In the Atlanta area, prices were down only -0.2% for December/November 2010; down -1.5% in November/October 2010.  I know none of this sounds good, but I still see the “rate” of decline slowing, which means our prices may be stabilizing in our area.

 

Please remember that real estate is local, local, local. So, just because the Metro Atlanta Geogia numbers are still showing a decline, that doesn’t mean that it’s still declining everywhere and in every neighborhood.  It really depends upon how many foreclosures and short sales are happening around you. If you are interested in your home values in your neighborhood, call me or go to www.GAHomePrices.com.   Have a Great Week!  – Joan Boudreau-Alexander, 770-356-4656, Realtor, CDPE


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Gwinnett County Home Prices Trends

25 02 2011

Here’s an interesting chart that shows just Gwinnett County Home Sales for the last 2 years.   As you can see, it is divided into (1) Regular Market Sales, (2) Bank/Govt Owned Sales, and (3) the number of foreclosures.

One easy trend to see is that the number of foreclosures was way down for December 2010.  We would expect that since most banks put a moratorium on foreclosures during the month of December.  It’s interesting to see there were more bank owned sales than regular market sales several months.

 I was particularly interested in just last year (2010), so thought I would chart these monthly numbers from the Real Valuator chart into an Excel spreadsheet, so I could do some further evaluation (by the way, these charts are available for most other counties in the Metro Atlanta area.  Feel free to send me an email if you would like to see another county). 

  2010 Bank/Govt Sales Market Sales Total Sales % of Govt Sales to Total Sales # Foreclosures
January 298 428 726 41.05% 571
February 351 506 857 40.96% 390
March 489 590 1079 45.32% 603
April 524 745 1269 41.29% 943
May 531 825 1356 39.16% 605
June 575 913 1488 38.64% 639
July 494 657 1151 42.92% 709
August 542 649 1191 45.51% 617
Sept 637 581 1218 52.30% 1002
Oct 733 551 1284 57.09% 680
Nov 626 441 1067 58.67% 447
Dec 642 569 1211 53.01% 329
           
Yearly Totals 6442 7455 13897 46.33% 7535
           
  46.36%       54.22%

 

I added another column because I wanted to see what percentage (%) of sales was bank/govt owned.  This tells us that on average, in 2010, 46.33% of total sales in Gwinnett County were bank/govt owned sales! Wow ….  And, to think that this would not include short sales, which is another type of distressed sale.  A short sale is when the seller owes more on his home than what it is worth.  In this chart, it would show as a normal market sale; however, it’s another type of distressed sale very common today.

What else do these numbers mean?  It concerns me that there was a total of 7,535 foreclosures in Gwinnett county in 2010 and 6,442 were sold.  Does this mean that our total sales are not keeping up with the number of foreclosures that are coming on the market?  I also think that this trend will continue throughout 2011 and beyond, maybe, at least a couple more years.

Thinking of selling and want to know what your home is worth?  Go to www.GaHomePrices.com.  Happy Friday to Everyone! – Joan Boudreau-Alexander, 770-356-4656  email: joanrealestate1@gmail.com


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Gwinnett County Home Sales

15 02 2011

Here’s the latest numbers for Gwinnett County Home Sales for residential detached homes.  If you are interested in market statistics for other counties in Georgia, please send me an email at joan.boudreau@kw.com.  I’d be happy to send them to you.


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Appealing Your Property Taxes in 2011

28 01 2011

It’s that time of year again when we begin to think about appealing our property taxes.  I encourage you to do so because unfortunately, our property values continued to decline throughout most of 2010.  If you do want to appeal your property taxes, read on.  Last year, we had until March 1st in Gwinnett County to appeal our gwinnett county property tax.  Just when we were getting used to the process, the State stepped in and created a new law.

Please note:  The process for appealing your property taxes has changed this year.  

Georgia State Law, Senate Bill 346 was passed in 2010.  This bill states that EVERY HOMEOWNER will receive a “Notice of Assessment” around April 15th.  Once you receive the assessment notice, you will have 45 days to appeal.

On the “Notice of Assessment”, the county will specify what they think your property is worth.  If you think your property value is lower than what is stated on the assessment notice, follow the instructions on the notice to appeal your taxes.

If you have re-financed recently, you may be able to get an estimated property value from your lender.  If you recently purchased your home, the purchase price is probably your best value.  If you are not sure, email me or call me at 770-356-4656 and I’d be happy to provide you with a market analysis for your neighborhood.  If you would like quarterly updates on your neighborhood’s prices, go to www.GaHomePrices.com and sign up — it’s free and informative.

I consider providing these types of value-added services to be both an honor and a privilege and thank you for allowing me to serve your real estate needs. If you know anyone that is interested in buying, selling, or investing in real estate, please be sure to let me know. It t is my goal for you to feel comfortable in sharing my services with your friends and family.  Thank You. – Joan Boudreau-Alexander


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Gwinnett County Homes Sales Statistics

2 11 2010

 

Closings for single family homes throughout Metro Atlanta declined 22.3% in September 2010 versus September 2009. There were 3,095 closings for single family detached in September 2010 and the last time there were less closings reported for a September

was 1997.  Gwinnett county was no exception!

Gwinnett County, GA Single Family Residence 
Sales Information
  # of Sales  Median Sale Price 
January-10 468  $                 158,950
February-10 408  $                 155,000
March-10 536  $                 155,000
April-10 646  $                 159,900
May-10 606  $                 160,000
June-10 913  $                 157,000
July-10 659  $                 158,000
August-10 549  $                 158,000
September-10    
Year to Date (9/17) 4808  $                 157,500
     
     
     
     
January-09 502  $                 165,000
February-09 403  $                 165,000
March-09 589  $                 172,000
April-09 581  $                 161,500
May-09 654  $                 156,500
June-09 737  $                 159,250
July-09 789  $                 170,000
August-09 740  $                 154,100
September-09    
Year End 2009  8120  $                 160,000

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Gwinnett County Home Sales Statistics – Updated July 13, 2010

13 07 2010
 Home Sales in Gwinnett County, GA were down in May from April and year over year, we were down.  This is not surprising since we knew the home buyer tax credit came to an end on April 30, 2010.Median sales prices were down, but not by much.  And, if you look at the trend in prices since January, you could say it’s seems to be holding rather steady.  Could we be at the bottom of this rocky market here in Georgia?  I hope so.  I am ready to see some trends up these days.

If you are interested in knowing what your home value may be, go to www.HomePrices.com and I’ll be happy to send you information on your home prices.

Gwinnett County, GA Single Family Residence 
Sales Information
  # of Sales  Median Sale Price 
January-10 468  $                 158,950
February-10 408  $                 155,000
March-10 536  $                 155,000
April-10 646  $                 159,900
May-10 606  $                 160,000
Year to Date (7/2) 3522  $                 158,000
     
     
     
     
January-09 502  $                 165,000
February-09 403  $                 165,000
March-09 589  $                 172,000
April-09 581  $                 161,500
May-09 654  $                 156,500
Year End 2009  8184  $                 160,000

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Rent or Buy – Are You Ready for Homeownership?

30 06 2010

First-time home buyers have a lot to think about these days with interest rates being the lowest in history.  Home prices in Gwinnett County, Georgia are extremely affordable; probably the lowest we will see in our lifetime.  There are also plenty of homes for sale in Gwinnett County, GA. just waiting for their new owners.

Here are a few questions that potential home buyers should ask themselves before making this important decision.  

1.       Can I afford the monthly mortgage payments?

Keeping the mortgage payment under 30% of your gross monthly income is a good rule of thumb.  If you can’t keep the mortgage payments below that, you may want to continue renting.

2.     What other debts do I have?

 Your total rent plus other credit obligations you have on a monthly basis should not exceed 40% of your gross monthly income.  This is called your back-end ratio (but let’s not get too technical).  Your other credit obligations may include student loans, car payments, and credit card debt.

3.       What is my credit score?

A high credit score indicates strong creditworthiness, and that qualifieds you for bestter interest rates on a mortgage.  Running up your credit cards to the limit and paying late will have a huge negative impact on your credit score.  Today, your score needs to be around 620 in order to qualify.  Some lenders are accepting a bit lower than 620.  If your credit score is lower than this, it’s time for you to work on getting your credit improved and not the time to purchase a home.

4.       How many years will I stay in the home?

Generally, the longer you plan to live in the same place, the more it makes sense to buy.  You’ll build equity in your house and its value is likely to increase over time.  There are also great tax advantages to buying a home.  I usually tell my clients that they really need to stay in the home a minimum of 3 – 5 years.

If you would like more information, go to www.GwinnettNoDown.com or contact me directly at 770-356-4656.  Joan Boudreau-Alexander, Your First-Time Home Buyer Specialist


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