Lawrenceville GA Real Estate Market Report for December 2010
Active listings: 1,573 homes are available for sale in Lawrenceville GA priced from $25,000 to $1,500,000.
Pending sales: 315 homes are in escrow priced from $29,900 to $699,900.
December sales: 176 homes sold in December 2010.
- 90 homes were non-distressed
- 86 homes were a foreclosure or short sale or 49% of the homes sold in December
In December, 176 homes closed in Lawrenceville Georgia. This is a decrease of 1 unit, as there were 177 homes that closed in December of 2009.
The Average list price for the homes that closed in Lawrenceville for December 2009 was $152,357.
The Average list price for the homes that closed in Lawrenceville for December 2010 was $133,848.
The Average sales price for the homes that closed in Lawrenceville for December 2009 was $144,689.
The Average sales price for the homes that closed in Lawrenceville for December 2010 was $129,219.
The Average Market time for the homes that closed in Lawrenceville for December 2009 was 84 days.
The Average Market time for the homes that closed in Lawrenceville for December 2010 was 83 days.
4 Year History of Sold Properties in Lawrenceville
|
Category |
2010 |
2009 |
2008 |
2007 |
|
Units Sold |
2,097 |
2,271 |
2,167 |
3,032 |
|
Average Sales Price |
$132,955 |
$143,949 |
$178,480 |
$199,787 |
|
Distressed Properties Sold |
1,000 |
1,234 |
865 |
521 |
|
Average Days on Market |
78 |
95 |
91 |
82 |
As you can see in the chart above sales have dropped significantly and the average sales price has dropped by 33% from 2007. Some of the contributing factors include the amount of competition; increase in the amount of distressed properties (foreclosure and short sale properties) and less buyers in the market.
We will start to see an improvement when the economy stabilizes and more jobs are created keeping the foreclosures and short sales from continuing at the current pace. On a positive note, the amount of foreclosures/short sales sold this year was significantly less than 2009 and the average days on market has improved as well from the 2009 average.
*All information is from the FMLS and is for detached single family homes only.
Search for all homes in the GAMLS or FMLS
If you have any questions about selling or buying your home in Lawrenceville or in the Northeast Atlanta area give Mark a call at 404-353-0185.
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Mark services the following Northeast Atlanta cities: Johns Creek, Alpharetta, Roswell, Woodstock, Suwanee, Buford, Cumming, Duluth, and Lawrenceville Georgia.
About the Author: The above Real Estate information on Lawrenceville GA Real Estate Market Report For December 2010 was provided by Mark Mitchell. Mark can be reached by phone at 404-353-0185 or via e-correspondence at mark@markmitchellhomes.com. Also visit www.markmitchellhomes.com
Copyright © By Mark Mitchell 2010 *Lawrenceville GA Real Estate Market Report For December 2010*
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