Statistics for single family detached homes in the Gwinnett County real estate market for the month of April 2009 are in. Gwinnett County is divided into six different areas and we will examine each area and then look at the county as a whole.
Area 61
Area 61 is that section of the county that is North of I-85 and West of Pleasant Hill Road. Area 61 includes Norcross, Berkeley Lake and part of Duluth. In the resale segment of the market there were 79 properties ranging in price from $14,700 to $575,000 that went under contract and 27 properties that closed ranging in price from $37,000 to $525,000. In the new construction segment of the market 4 homes priced from $199,900 to 41,149,900 went under contract and there were 2 properties closed ranging in price from $345,717 to $1,200,000.
Area 62
Area 62 is the section of the county that is North of Pleasant Hill Road and North of I-85. Area 62 includes Buford, Sugar Hill, part of Duluth and part of Suwanee. In the resale segment of the market there were 192 properties ranging in price from $26,900 to $5,635,000 that went under contract and 114 properties that closed ranging in price from $32,500 to $1,064,500. In the new construction segment of the market 56 properties went under contract ranging in price from $129,900 to $1,499,000 and 25 properties closed ranging in price from $183,900 to $1,340,000.
Area 63
Area 63 is the section of the county that is South of I-85, Northeast of Hwy. 120 and North of Hwy. 29. Area 63 includes parts of Lawrenceville, Duluth, Suwanee and Dacula. In the resale segment of the market there were 206 properties ranging in price from $35,000 to $619,900 that went under contract and 88 properties that closed ranging in price from $70,000 to $373,000. In the new construction segment of the market 37 properties went under contract ranging in price from $149,000 to $679,000 and 11 properties closed ranging in price from $155,000 to $367,500.
Area 64
Area 64 is the section of the county that is South of I-85, Southwest of Hwy. 120, West of Hwy. 124 and North of Hwy. 78. Area 64 includes Lilburn along with parts of Lawrenceville and Snellville. In the resale segment of the market there were 277 properties ranging in price from $18,900 to $550,000 that went under contract and 104 properties that closed ranging in price from $28,000 to $388,000. In the new construction segment of the market 19 properties went under contract ranging in price from $169,900 to $710,000 and 6 properties closed ranging in price from $141,000 to $536,000.
Area 65
Area 65 is the section of the county that is South and East of Hwy. 78 and Hwy. 124, and South and West of Hwy. 20. Area 65 includes Grayson along with parts of Snellville and Lawrenceville. In the resale segment of the market there were 221 properties ranging in price from $29,900 to $884,900 that went under contract and 87 properties that closed ranging in price from $61,500 to $623,333. In the new construction segment of the market 44 properties went under contract ranging in price from $139,900 to $539,000 and 18 properties closed ranging in price from $145,000 to $330,000.
Area 66
Area 66 is that section of the county that is East of Hwy. 20 and South of Hwy. 29. Area 66 includes parts of Dacula and Lawrenceville. In the resale segment of the market there were 166 properties ranging in price from $39,900 to $519,900 that went under contract and 44 properties that closed ranging in price from $50,000 to $265,000. In the new construction segment of the market 35 properties went under contract ranging in price from $135,000 to $450,000 and 15 properties closed ranging in price from $135,000 to $299,000.
Gwinnett County Summary
For the month of April 2009, real estate sales for single family detached homes in Gwinnett County looked like this:
• 1019 Resale Properties Went Under Contract
• 464 Resale Properties Closed
• 195 New Construction Properties Went Under Contract
• 77 New Construction Properties Closed.
April of 2009 appears to have taken a huge step towards recovery in the real estate market in Gwinnett County. Several national reports recently have stated that we may have reached the bottom of the market and a recovery, although it will probably be slower than many would like, is on the way.