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Real Estate

Peachtree Corners Home Prices On the Upswing

More homes sold, fewer on the market is driving up prices in Gwinnett County's newest city.

Home prices are rising in Peachtree Corners.

There was an 8 percent increase in the average price of a home based on a comparison of the first four months of 2013 to the same period in 2012. Lack of supply and huge demand continues to push prices higher. 

Exciting times to be a buyer or a seller. As we enter May 2013 we are celebrating record breaking months. Offers are pouring in and agents are saying that if your home is on the market longer than six weeks, your price is too high. I cannot wait to see how we end the year but for now it is one big WOW of a year.

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Inventory remains low. There are currently 90 homes on the market in Peachtree Corners. Compare this with this time last year when there were approximately 100 homes available.

Year-to-date there have been 94 homes sold in Peachtree Corners. There were 89 in the same period in 2012.

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There are 79 pending sales in Peachtree Corners. That means the sellers have accepted contracts on their homes but there are still steps to take before the sale closes. Loans have to be approved and appraisals have to come in at or above the sales price in order to close in most cases. Some of these have contracts waiting for inspections to be completed.

There is a 4-month supply of homes available for sale. That is up slightly from last month which had a 3.9 month supply.

Interest rates remain low, giving buyers tremendous buying power.

See Peachtree Corners homes for sale at PeachtreeCorners.com

New listings:

4115 Treaddur Bay Lane in Amberfield Subdivision, priced at $525,000 and going on the market today. Listed by Nancy Minor. Details available later today by clicking the link on the address for latest information and photos.

3676 Winters Hill Drive  Spalding Glen Subdivision priced at $297,500 listed by Michael Culiver.


Click here for more news on Peachtree Corners homes for sale, a mortgage calculator plus tips on selling or buying a home.

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