Sun City Peachtree Real Estate Market: Introduction
In this report, Jessica Horton examines the resale real estate market within Sun City Peachtree, a luxury Active Adult 55+ community in Griffin, Georgia, comparing the first halves of 2023 and 2024. Focusing exclusively on MLS-listed resale properties, Jessica analyzes key metrics to understand the evolving dynamics and trends impacting homeowners and potential buyers in this niche market.
Sun City Peachtree Market Snapshot
Sun City Peachtree Real Estate Market: H1 2023
Sun City Peachtree Real Estate Market: H1 2024
Sun City Peachtree Housing Market Overview
Sun City Peachtree Real Estate Market: Homes Listed For Sale 2023 vs. 2024
Listed Homes for Sale
- 2023: 66 Properties
- 2024: 84 Properties
An increase in listings in 2024 suggests a growing interest among homeowners in selling their properties, potentially influenced by market conditions or lifestyle changes.
Sun City Peachtree Real Estate Market: Homes Sold 2023 vs. 2024
Homes Sold in Recent Years:
- 2023: 40 Properties
- 2024: 52 Properties
The rise in sales indicates robust demand and an active market. More transactions were completed in 2024, reflecting the community’s appeal to the target demographic of consumers over 55.
Sun City Peachtree Price Analysis
Average Listing Price in Sun City Peachtree
- 2023: $439,000
- 2024: $439,676
The average list price has remained relatively stable, with a slight increase in 2024, indicating that sellers’ expectations about property values have not changed significantly over the year.
Listing Price Range
- 2023: $410,242
- 2024: $391,690
List Price Range
- 2023: Lowest: $268,500 | Highest: $550,000
- 2024: Lowest: $274,900 | Highest: $650,000
Despite a lower average list price in 2024, the range has widened significantly, particularly at the higher end. This suggests a diversification in the types of properties being put on the market, possibly reflecting varying degrees of upgrades or premium lot locations.
Average Selling Price
- 2023: $379,287
- 2024: $376,187
Selling Price Range
- 2023: Lowest: $230,000 | Highest: $650,000
- 2024: Lowest: $240,000 | Highest: $500,000
The average selling prices remain relatively stable, but the highest selling price has decreased, possibly indicating a shift in buyer preferences or a lack of ultra-high-end transactions in 2024.
Sun City Peachtree Market Dynamics
Average List to Selling Price Ratio
- 2023: 95.9%
- 2024: 95.7%
The list-to-selling price ratio remains consistent, indicating a stable market in which homes sell close to their listed prices. This suggests realistic pricing by sellers who’ve successfully sold their homes and a balanced negotiation environment.
Average Days on the Market
- 2023: 37 days
- 2024: 54 days
An increase in the average days on the market could reflect more cautious buying behavior, possibly driven by economic factors or a larger selection of homes, giving buyers more options to choose from.
Conclusion on the Sun City Peachtree Real Estate Market
"Well-informed consumers make better financial decisions in real estate." - Jessica Horton
The vibrant and dynamic resale market in Sun City Peachtree has seen a notable increase in listings and sales. While pricing dynamics show some fluctuations, they generally indicate a stable market environment tailored to the needs and expectations of active adults over 55. These critical insights are invaluable to current homeowners looking to sell and potential buyers eager to join this thriving community.
Jessica Horton
With over 20 years of unparalleled experience in the real estate industry, Jessica Horton has cemented her legacy as a trailblazer and visionary.
Experience
Jessica Horton - 20+ years experience in real estate and hundreds of successful transactions. She is consistently recognized for exceptional results.
Top-rated
Since winning Rookie of the Year in 2002 and a Top Producer each year after, Jessica's career has been a constant quest for excellence, consistently excelling from 2001 to 2023.
Industry expert
Jessica is a respected speaker for both the National Association of Realtors and the Real Estate Buyers Agency Council (REBAC), showcasing her professional credentials.
