Since I specialize in homes with big garages in Gwinnett County, Georgia, it seems only appropriate that every once in a while I take a look at some of the available homes and highlight some good deals. And there are some exceptional deals...
(because of MLS rules, I can't directly promote individual listings... so I will talk somewhat generally. For information on specific listings, or to view them, please feel free to contact me.)
The firs thing I noticed was that there were several very attractive homes (from the photos) that were priced under $200k. I found four properties that looked quite nice, with 4 car garages, priced from just over $125k to just under $200k. What is more surprising is that none of these are foreclosures and only one is a short sale. So, the idea that in order to afford big garages in Gwinnett County, you have to spend a mint doesn't hold...
There were two homes that stuck out in the mid $200k to mid $300k price point. While the pictures weren't as attractive as some of the other homes, the descriptions were quite alluring... They could hold promise.
The meat of the market seems to be in the upper $300s to low $400s. Out of the 20 homes that I pulled (from 127 listed), 7 fell into this range. Some of these homes look to be exceptional deals. There were a couple that were short sales and a couple foreclosures. Most looked to be in good condition from their photos. One looked like it needed extensive renovation, but depending on the area, could be a good long term investment if you desired to customize a home.
Five more homes were in the $500s or so. A couple of those look to be real deals... great location, recent or new construction and good comps in the area.
One thing I did notice is that a lot of the homes and neighborhoods that were pushing a million a few years ago can now be found in the $800s. Some of these represent incredible deals. Some of them are only average as deals go, but look to be beautiful properties.
I specifically stayed away from the homes priced near $1m and up (and they went up to $8m). While there are some amazing properties in that price range, they aren't realistic for most of my clients. If course I am happy to help you if you are looking for million dollar properties... I actually have one listed right now in South Forsyth...
There is a wide distribution of big garages in Gwinnett County, Georgia. The highlighted properties are distributed from Lilburn to Suwanee and from Norcross to Loganville. Lilburn and Snellville seem to be pretty heavy with good properties.
Georgia has lots of car people. Gwinnett County seems to have a pretty generous portion of 4+ car garages relative to other counties in the Atlanta Metro area.