Snellville Home Sales Report
This has been a "hot" summer in the Snellville home market.
The Snellville market includes parts of the Brookwood, Shiloh and South Gwinnett high school districts.
There were 321 home sales between May 1 and August 1. Of those home sales, 191 were not distressed, or 59.5%. The low sale was $30,000 and the high sale was $535,900.
Please see below for average home prices and days on the market for each high school district:
- Brookwood: $169,492, 87 average days on the market
- Shiloh: $84,080, 73 average days on the market
- South Gwinnett: $92,106, 57 average days on the market
Snellville's market is very healthy and many homes are seeing prices that are going over asking price and are even getting multiple offers. All of this is very good news on our road to recovering home prices.
However, please keep in mind that there are still many foreclosures that the banks are keeping off the market for whatever reason. We call this "shadow inventory." Estimates of this inventory go into the millions.
Here are a few foreclosure listings in Snellville:
1946 Vintage Dr.
Fantastic 4 bedroom, 2.5 bath foreclosure in the Brookwood School District. Features a finished basement and is three-sided brick.
623 Chesterfield Dr.
Stupendous 4 bedroom, 2.5 bath foreclosure in the Brookwood School District Features a partially finished basement.
3625 Warwick Way
Spectacular 4 bedroom, 2.5 bath short sale in the Shiloh District Features a huge deck and out building.
Please keep in mind that this information is based on FMLS data and that some agents may not have listed homes as distressed when they were.