Gwinnett Homes Sales Decline November 2007 | Gwinnett Georgia Homes Sales Decline 38.35% in Nov. 2007

By
Real Estate Agent with Crye-Leike REALTORS® 165062

Gwinnett Georgia Homes Sales Decline 38.35% in Nov. 2007 the average price saw a modest negative loss in value.  I know that no one wants to hear that, but hte reality is it is here, and will be getting worse at least for the first half of 2008. Please keep in mind that there are many variables in pricing that do not show up in all the Gwinnett home sales reports!  Incentives, commissions paid, sellers contributions, repairs made to the property and and upgrades do not show up in the MLS systems we use. 

There are now Active - 8743 Single family Gwinnett homes for sale.  Days on market increased modestly, but look at the prices of the maximum priced homes!  They have changed significantly lower when comparing 2006 to 2007.  Jumbo loans are much harder to get ad qualify for since August 2007.  There are now quite a few homes on the upper end of the market that are sitting, and being reduced.  Please note the Days on market on the upper end. When 2006 higher prices give way to lower prices...the days on market also drop! 

****Please note that some foreclosures, and builder new homes will not show up in the active inventory!

Gwinnett homes sales November 2006

Gwinnett homes sales November 2007 

 

 

 

Jim Crawford

 

 

 

 

Subscribe To Our Atlanta Real Estate Blog in a reader

Subscribe Now!

...with web-based news readers. Click your choice below:

addtomyyahoo4Subscribe in NewsGator OnlineAdd to My AOLSubscribe in RojoSubscribe with BloglinesAdd to netvibesAdd to GoogleOutpost

 

Posted by

James Crawford ABR, Broker Associate

 

 

 

 

Atlanta Real Estate | Atlanta Homes for Sale - Call Now!

 

678-595-5283 Direct

 

What's My Home Worth?

 

Jim Crawford Crye-Leike REALTORS® AtlantaAtlanta Real Estate AgentsAlpharetta GA Homes for SaleAtlanta Luxury Homes, Dunwoody GA Homes for SaleAtlanta Real Estate &  Atlanta Homes for Sale,  Gwinnett Homes for SaleAtlanta Real Estate BlogCumming GA Homes, Decatur GA Homes for Sale.   

Atlanta Homes for Sale | Atlanta Listing Agents | Atlanta Buyers Agents

 

Atlanta Real Estate for Sale

 

Buying A Home

 

Selling A Home in Atlanta

 

Atlanta Real Estate Agents - Contact Us

  

Jim Crawford Atlanta Real Estate Social Media icons

Search Listings

Search By
City
Type
Price -
Beds/Baths /
 
 More Options
 Map Search
close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Location:
Georgia Gwinnett County
Tags:
home values
days on market
prices
pricing
drop
gwinnett homes for sale
declining prices
gwinnett home sales decline
price declines

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
1,485,851

Jim Crawford

Jim Crawford Atlanta Best Listing Agents & REALTOR
Contact Me Now!
*
*
*
*
Spam prevention

Additional Information