Hermes Realty Group - Real estate sales numbers for Dacula, Ga.
The following chart shows the closed sales within the Hamilton Mill subdivision in Dacula, Georgia on a year to year basis from January 1, 2012 - May 31, 2012 compared to the same time period in 2013.
The chart shows that while the number of closed sales is down more than 25% from 44 in 2012 to 30 in 2013 the average sales price was up over $30,000!!! As the leading reseller of homes in Hamilton Mill, we can tell you that the activity in the same period is up from 2012 however the lack of available inventory has Buyers waiting for the opportunity to purchase in Hamilton Mill.
What this means for sellers is that the lack of inventory has driven prices up dramatically from 2012 but also shows that pricing homes is key. If a home has been on the market over 30 days with no offers, either price or condition are keeping it on the market. With this being said, if it is a condition issue it is also a price issue.
In 2012, 44 homes were sold from January 1st thru May 31st at an average sales price of $260,639 while in 2013 with only 30 homes being sold the average sale price was up to $299,900.
The average home was on the market for 141 days in 2012 versus only 96 over the same time period in 2013. This is caused by the lack of available inventory and a strong market recovery in active Buyers looking to purchase homes again. The low cost of money is one factor as well as a stronger job market has allowed Buyers to be more comfortable with their perceived strength of the economy.
The average list price of over $317,000 is also a large increase over 2012 and we will continue to see increases until the new home construction market catches up with the market and will provide a more balanced inventory of available inventory. Once this happens, and it will, we will start to see a leveling of prices on the resale side of things.
This fact in itself is one reason why I recommend anyone looking to sell take a hard look at putting their home on the market soon. Atlanta has always been a new home market and as new homes come on the market this will pull potential buyers from Hamilton Mill into other neighborhoods in the surrounding areas.
Please feel free to reach out to us if we can answer any questions about the market and allow us to provide to you a free market analysis of your homes value. You might be pleasantly surprised at what your home is worth.
Hermes & Associates
Keller Williams Realty