This data was retrieved from the FMLS database and limited to detached residential properties that were for sale in Grayson, GA during 2009, and was limited to those homes in the "luxury" market, or $350,000 and higher.
In this market probably 99% of the properties offered had a full, daylight basement. Typical for our market in the price range. There were just a handful of slab and crawl space homes contained in the dataset.
Homes listed in Grayson during 2009 that did not sell and remain active at this time: 52
Average list price of luxury homes for sale in Grayson that were first offered for sale in 2009: $478,896
Luxury homes in Grayson listed during this time period averaged 5 bedrooms, 4 1/2 baths, and the average build year was 2001.
There were 10 homes in the luxury real estate market in Grayson for sale during 2009, going into 2010, that remain "under contract" at this time.
The average list price of pending sales in Grayson's luxury home market during this period was $452,300. The average year built for homes under contract was 2006.
During 2009, in the Grayson residential real estate market for luxury or higher end homes, there were 72 listed properties that expired without selling. The average list price was $569,643. The average year built of homes unsold during this period was 2002.
31 owners of luxury homes in Grayson, GA decided at some point during 2009 to list their property for sale and later withdrew the listing without sale. The average sale price of luxury homes in Grayson that were withdrawn from the market in 2009 was $509,109 and the average build year was 2001.
Now, for the good stuff!
There were 37 luxury or high-end homes for sale in Grayson, GA in 2009 that sold before the end of the year.
Of those 37 luxury home sale in Grayson, GA for 2009, all of them had a full, daylight basement except two homes, and those homes were priced $340,000 to $399,000, all in the Georgetown Commons subdivision. These homes are listed as having crawl spaces.
The average luxury home sold in Grayson during 2009 had 5 bedrooms, 4 1/2 baths, included a full, daylight basement, and had an average build year of 2004.
The average for high end homes in Grayson, GA, listed and sold during 2009, was $476,344
The average listed price for high end or luxury homes in Grayson, GA, listed and sold in 2009, was $460,268. This statistic represents the price at which the homes were listed at when they actually sold, not their "original" listed price.
Finally, the average sale price for a luxury or high end home in Grayson, GA in 2009 was $400,740. High end or luxury homes in Grayson, GA took an average of 146 days on the market before sold/closed.
When you compare the average "original list price" of $476,344, to the average "sold price" of $400,740, the difference is quite dramatic and not typical for this area at the height of the real estate market.
Overall, construction quality for high end or luxury homes in Grayson, GA is very good to excellent. Competition has been fierce in recent years and builders here understand what it takes to be competitive and attract buyers in this higher end market. Granite, custom cabinets, Hardwood floors, lots of built-ins, 3 car garage, full basements - many times completely or partially finished.
The good news for luxury or high end homeowners wishing to sell in Grayson in 2010: there is an active market for your home in Grayson, GA.
The good news for buyers of luxury or high end homes in Grayson, GA, for 2010: there are still many luxury homes to choose from and prices have probably never been better! Buying a luxury home in Grayson, GA in 2010 could be the best decision you ever made!
If you have specific questions or wish to learn more about luxury homes for sale in Grayson, GA, please contact me at slmrealestate@comcast.net or 404-457-8089. I will respond to your inquiry promptly and hope to be of assistance with your real estate needs in and around Grayson, GA.
Stephanie McCarty, REALTOR, ABR 
visit my website at www.mysouthhomes.com and search the entire Georgia MLS
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