Over the last few days, I decided to drop into a couple of North Gwinnett County’s newest subdivisions. I wanted to get a feel for how sales have been going.
The first subdivision has been in pre-sale since December. They really didn’t start pushing sales until early January, though. I saw about 87 lots, with 17 of them marked as sold. Their Model Home is up and ready to run (I was pressed for time, so I didn’t stop to see if it was actually open). There were homes being built on at least half a dozen lots. Most of those were pre-sold, but there were a couple of that might have been spec homes (homes the builder was ordering so that there would be some standing inventory for buyers not wanting to wait on construction).
The other subdivision was a completely different story. Out of 51 lots, 26 of them were marked sold. The first home has yet to be completed. There is no onsite sales center. There are a few foundations going in and one home (presumably the sales center) is nearing completion, but probably a few weeks away from operational.
In the case of the first neighborhood, having around 20% of the lots pre-sold is fantastic. Before the boom that would have been a tough feat. During the crash, it was obviously impossible. But to have over 50% of the lots sold before even having a sales center on-site is incredible.
If you are looking in the North Gwinnett area… especially in the North Gwinnett High School cluster, you need to give me a call. There is some great builder activity as well as some really nice resale homes on the market. There are a few standing inventory new homes to be found as well. But things are picking up… that means rising prices and fewer choices.
I’m working at finding some new resales to get on the market as well. If you have a home you are thinking about selling, please give me a call. I can’t seem to keep my listings on the market long enough…
