Real estate in and around Dacula and Hamilton Mill has traditionally been pretty active and 2011 was no different. Overall sales in Dacula and the Hamilton Mill subdivision were very active in 2011 believe it or not.
Over 100 homes sold in Hamilton Mill alone and Dacula was also very busy with sales of traditional homes as well as short sales and foreclosures.
With Dacula being a pretty spread out area, I decided to do a comparison year over year from 2007-2011 and take a look at the number of sales and the sale prices in Hamilton Mill alone to see where we stand.
If you have any questions about this simple data let me know. These statistics were pulled from the local FMLS listing service.
Hamilton Mill Home Stats:
Year # of Sales Avg List $ Avg Sales $ Days on Mkt $High / $Low
2007 117 $397,739 $376,721 73 $854k / $197k
2008 75 $395,815 $363,391 86 $841k / $180k
2009 99 $325,026 $289,481 91 $520k / $185k
2010 80 $347,102 $298,922 123 $725k / $134k
2011 107 $346,543 $283,093 72 $699k / 140k
From these factual numbers it is more than obvious that we in Hamilton Mill and the surrounding areas have been deeply affected by the Great Recession and the crash of the housing market. The average sale price change from 2007 to 2011 of 24.85 percent downward shows the market has greatly declined and those person who are looking to sell or have a need to sell their homes need to price the home at a price that will get the house sold.
Want more information on the real estate market or are you in a position that dictates you needing to sell your home? If so please give me a call or email me to discuss your options. If you or someone you know is behind on their mortgage, there is FREE help out there for you. Worst thing you can do is to sit back and do nothing. Pick up the phone and give me a call and let me provide some free answers.
Matt Hermes
