Be a Dacula Real Estate Market Expert!

You have ESPN for sports stats and updated scores. CNN or FOX News will deliver the latest news stories right to your laptop or smart phone. Domino's will deliver a fresh, hot pizza right to your door. So why shouldn't you be able to get real time, accurate Dacula and Gwinnett County real estate information when YOU want it?

You can and here's where...............wait for it....
                        
                                www.gwinnetthomesforsale.info

Click on the "Market Insider" tab and enter your email address. You'll have instant access to any area you desire. If you can type in a zip code, you can get recent solds, active listings with pictures, school information, compare neighborhoods and much more. No gimmicks, no fees, no obligations. But if you want to send me a gift for being so generous, click on the contact me tab and I'll send you my address!

Why would I give this information to you for free? Because an educated consumer is easier to work with, that's why! I'm here to help so if there's anything I can do for YOU, please don't hesitate to contact me.


www.SteveSellsGwinnett.com Steve Rider, CDPE Realtor with Keller Williams Lanier Partners in Braselton Georgia. Covering Barrow, Jackson, Gwinnett and Hall Counties in Northeast Georgia. If you're looking for real estate in Gwinnett County please contact me at 404 663 7063 or steverider1@gmail.com.

Dacula Real Estate Stats for January 2012

January historically is a slow month for real estate and this year didn't deviate from that trend.There's lots of different factors that contribute to this fact but to try and narrow it to one or two things is hard. Real estate is very local so what is happening in one area of the county could be just the opposite from the other. That being said, don't let the following statistics for the Dacula area be discouraging. It's still a great time to buy real estate! Interest rates continue to stay low and there are some great deals on the market.


This chart shows new listings in the 30019 zip code for Jan 2011 and Jan 2012. You can see there's a slight decline (2.2%) from Jan 2011 but it's up from 65 units in Dec 2011 to 90 units in Jan 2012. More inventory means more choices!

This graph shows the number of closed listings for Jan 2012. It's up 40% to 35 units from Jan 2011 but down 8 units from Dec 2011. A slight decline in closed units but expected this time of year.

The average sales price in 30019 declined slightly from Dec 2011 to Jan 2012 but was only down 1% from Jan 2011. Once again, the media has everyone believing prices are declining drastically everywhere in Metro Atlanta but this is not the case. Remember, real estate is local.

This last graph shows "average days on market". This is across all price points in 30019 and shows a sharp decline from Dec 2011 (148 days) to Jan 2012 (107 days). That was also down over 30% from Jan 2011. What does this mean for buyers? It means you can't wait too long to make a decision on that perfect house. And for sellers? You're listening to your Realtor and pricing correctly!

If you need some help deciphering these numbers are want more detailed numbers for your neighborhood, give me a call or email steverider1@gmail.com. I'm always happy to help!


www.SteveSellsGwinnett.com Steve Rider, CDPE Realtor with Keller Williams Lanier Partners in Braselton Georgia. Covering Barrow, Jackson, Gwinnett and Hall Counties in Northeast Georgia. If you're looking for real estate in Gwinnett County please contact me at 404 663 7063 or steverider1@gmail.com.

Expanded Refi Program Will Allow Up to 125% LTV

News came out recently about an expanded refi program Fannie Mae and Freddie Mac will be offering that will help underwater homeowners refinance their homes at up to 125% loan to value. This is great news for a lot of people but it still leaves a lot of people out.

I spoke to Chuck Walden, a loan officer with Prospect Mortgage, about this today and here's his explanation of this program.....

"It is basically expansion of the current Fannie Mae Refi Plus and Freddie Mac Open Access loans that allow homeowners to refi if they don’t have any equity or very little.  The problem is that Fannie and Freddie allow 125% loan to value (LTV) but most lenders only want to risk going up to 95%.  So the program is there, but not available to everyone.  If they do expand it and are easier on appraised values and just focus on credit scores and late payments, it will be awesome.  BUT, will lenders do what Fannie and Freddie are allowing is another story"

This article from CNN Money talks a little more in detail about the program and the qualifications.
If you have more questions about this or any other mortgage or real estate related issue, please contact Chuck Walden at 678 725 8076 or myself at 404 663 7063



http://www.stevesellsgwinnett.com/ Steve Rider, CDPE Realtor with Keller Williams Lanier Partners in Braselton Georgia. Covering Barrow, Jackson, Gwinnett and Hall Counties in Northeast Georgia. If you're looking for real estate in Gwinnett County please contact me at 404 663 7063 or steverider1@gmail.com.

Selling A Home in Dacula? | Some Stats You Should Know

Probably the number one question I get as a Realtor is "How's the real estate market right now in the Gwinnett area?" Contrary to what you hear on the news and read online, the market is recovering albeit very slowly. If you don't study the numbers, you wouldn't know it because all the talking heads want to report is the negative side of things. So I'm going to spread some good news about the local market because.....it's good!

In the last 30 days, there have been 45 sales in 30019. These 45 are across all price points. The chart below breaks it down in the different prices and shows most of these were $225k and under. The average days on market is under 100 days but as you can see some were over 150 days.


Sold Listings
List Price Range	#Listings	Ave DOM
$0 - $99,999	11	137
$100,000 - $124,999	9	134
$125,000 - $149,999	10	156
$175,000 - $199,999	3	196
$200,000 - $224,999	4	93
$250,000 - $274,999	1	236
$275,000 - $299,999	1	113
$300,000 - $349,999	4	88
$350,000 - $399,999	1	129
$1,000,000 - $1,999,999	1	110
Tot Listings Ave DOM Median Price Ave Price High Price Low Price Total Volume 45 92 $133,000 $175,636 $1,220,000 $16,000 $7,903,622

 
In addition, August, July and June sales were up significantly from last year.



Home sales in Dacula Ga



What does all this mean to you? It means less inventory, which is competition for your listing. But you have to remember it's still a pricing war and a beauty contest so price your home competitively!

If you'd like to speak with me about these or other stats please contact me. I would be happy to go over a market analysis for your home or neighborhood to help you make an informed decision about listing your home.




www.SteveSellsGwinnett.com Steve Rider, CDPE Realtor with Keller Williams Lanier Partners in Braselton Georgia. Covering Barrow, Jackson, Gwinnett and Hall Counties in Northeast Georgia. If you're looking for real estate in Gwinnett County please contact me at 404 663 7063 or steverider1@gmail.com.