Hall County
Real Estate Newsletter
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December 26, 2020 | Volume 12. Issue 23
[Sales Data: Dec 1 to 15, 2020]
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1. Over the two week period in Hall County, from December 1 to 15, 2020, Realtors have participated in selling 115 single-family homes with an average sales price of $354,693 and a median sales price of $284,900.
2. Lake Lanier Water Level: 1,070.51 as of Wednesday, December 23, 2020. Lake Lanier is 0.49 Feet Below its full pool level.
3. Incredible Growth in Hall County’s Real Estate Economy!
Thru 11 Months in 2020 vs 2019:
17% More HOME SALES
16% Higher AVG SALES PRICE
14% Higher MEDIAN SALES PRICE
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THE DIFFERENCE A YEAR MAKES IN REAL ESTATE
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Over the past year, mortgage rates have fallen more than a full percentage point, hitting a new historic low 15 times. This is a great driver for homeownership, as today’s low rates provide consumers with some significant benefits. Here’s a look at three of them.
1. Move-up or Downsize: One option is to consider moving into a new home, putting the equity you’ve likely gained in your current house toward a down payment on a new one that better meets your needs – something that’s truly a perfect fit, especially if your lifestyle has changed this year.
2. Become a First-Time Homebuyer: There are many financial and non-financial benefits to owning a home, and the most important thing is to first decide when the time is right for you. You have to determine that on your own, but know that now is a great time to buy if you’re considering it. Just take a look at the cost of renting vs. buying.
3. Refinance: If you already own a home, you may decide you’re going to refinance. It’s one way to lock in a lower monthly payment and save more over time. However, it also means paying upfront closing costs, too. If you want to take this route, you have to answer the question: Should I refinance my home?
Why 2020 Was a Great Year for Homeownership
Last year, the average mortgage rate was 3.93% (substantially higher than it is today). If you waited for a better time to make a move, market conditions have improved significantly. Today’s low mortgage rates are a huge perk for buyers, so it’s a great time to get more for your money and consider a new home.
The chart below shows how much you would save per month based on today’s rates compared to what you would have paid if you purchased a home exactly one year ago, depending on how much you finance:
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Bottom Line
If you’ve been waiting since last year to make your move into homeownership or to find a house that better meets your needs, today’s low mortgage rates may be just what you need to get the process going. Reach out to a local real estate professional to discuss how you may benefit from the current rates.
SOURCES: KCMBlog
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HOME SALES in Hall County
December 1 to 15 2020 Home Sales in Your Neighborhood
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1434 Burns Drive $495,000
BIG HOME. GREAT LOT. SWIMMING POOL. WALK to DOWNTOWN.
Heart of Gainesville’s best neighborhood offers this 5 bedroom, 4 bath plus 2 half bath family home with large rooms, beautiful pool for children/get togethers. Large open kitchen connected to living area with fireplace, large den and dining room. Long windows provide lovely views of the patio and pool area from the kitchen, master bedroom and living area. The master suite includes lovely sunroom/sitting area for reading or relaxing. 4 bedrooms on the upper level provide a retreat for guests or children. A finished basements adds recreation and storage.
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The Faces of Hall County Profile Stacey Dickson
Meet Stacey Dickson! She is a native Georgian, longtime Hall County resident and is the president of the Lake Lanier Convention and Visitors Bureau, a destination marketing organization.
We want to thank Stacey for spending time with us recently and telling us more about her life and love of Hall County.
Q: What inspired or led you to your current career?
A: “Wanderlust, the love of traveling and trying new things, meeting new people and seeing new places led me to be interested in the hospitality and travel industry. When I was coming up through school, I had never heard about Convention and Visitors Bureaus, I didn’t know what they were, and now a lot of schools have hospitality management degree programs that teach students about the industry what is waiting for them when they get out of school. Once I got in, I knew this was the right path for me, and I’ve loved working in the tourism industry. The places I’ve gone, the people I’ve met, and the opportunities I’ve had have been really incredible.”
Q: What advice would you give a crowd of people?
A: “My No. 1 advice and I would say this to my kids and anyone else, “Say ‘yes’ when you have opportunities.” Don’t be scared to take a class, try to do some kind of art, take a trip, go out for an event or activity that may be a little out of your comfort zone. Say ‘yes,’ so you won’t regret the things you missed later in your life.”
Q: What is something on your bucket list?
A: “If I was independently wealthy and didn’t have to work and could do anything I wanted? I would travel all the time. More travel to see more of the wonders of the world that I haven’t been able to see yet, like the Pyramids.”
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Mortgage Rates are Unbelievable!
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Need a MORTGAGE OFFICER, an ELECTRICIAN, a PLUMBER, an INSURANCE AGENT, an ATTORNEY, a PEST CONTROL COMPANY, a POOL COMPANY, a DENTIST, a DOG WALKER, someone that is a TSHIRT MAKER, a custom CANOE BUILDER, or a RECLAIMED WOOD TABLE MAKER? If you need a GREAT CONNECTION, please call or email us anytime. We would love the opportunity to help you make a great connection!
If we can ever help you or someone that you know in real estate, please give us a call. We are grateful for your referrals. We strive to give our clients and friends
real value in everything that we do. Thank you for your time and support!
Brad Abernathy 770-540-1548 | Regina Cochran 678-414-0646
CJ Greene 770-540-5879 | Robert Bell 770-654-0507
Ricky Lewallen 770-654-7922 | Jane Fleming 770-519-2333
Abernathy Cochran Group | The Norton Agency
770-718-5255 or 770-536-1250
The Abernathy Cochran Group is the leader in Hall County sales volume in 2019
and for the previous 9 years, too. 10 years in a row!
You get MORE with our collaboration.
We hope you CHOOSE us to sell or buy your real estate.
THANK YOU!
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