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Incredible Buying Opportunities on Buford Short Sales - Week of Oct. 15

Looking for incredible buying opportunities? Numbers on foreclosures are down, but there are 24 Buford short sales listed in MLS. Of these, 5 new listings are available on homes…

Looking for incredible buying opportunities in Buford, GA? The inventory and shear numbers of foreclosures are way down as opposed to a year ago, but there are 24 Buford short sales listed in Georgia MLS. Of these, there are a handful of new listings available on homes priced at a value as well as several short sales that just had price reductions!  For more information including Google street views, Bing aerial views, school information, and high resolution photos and slide shows on all Buford Short Sales please feel free to search here for complete MLS listings.

Address: 3353 Perimeter Cir
Buford, GA 30519 Subdivision: Reflections MLS Area: 265 Status: Active Own Condition: Short Sale List Date: 06/25/2012 List Price: $262,000
Address: 1861 Binnies Way Rd
Buford, GA 30519 Subdivision: Barringer Park MLS Area: 61 Status: New Listing! Own Condition: Short Sale List Date: 10/16/2012 List Price: $255,000 Address: 6145 Park Leaf Walk
Buford, GA 30518 Subdivision: Lanier Springs MLS Area: 62 Status: New Listing! Own Condition: Short Sale List Date: 10/16/2012 List Price: $187,000

 

Address: 2437 Woodford Ln
Buford, GA 30519 Subdivision: Mill Creek Plantation MLS Area: 62 Status: Reduced Price! Own Condition: Short Sale List Date: 09/27/2012 List Price: $123,500

 

How much value can be found in buying a Buford short sale? According to MLS the average sales price for all Buford homes this year is $281,566. The average short sale closed for $257,600! That means that the average Buford short sale sold this year for roughly 10% below the average market sales price!

With only 5-7 bank owned homes on the market for sale right now, don't forget about this unique opportunity to buy a maintained short sale home in our market, as opposed to a vacant home with no disclosures from a bank, and capture value today!

For more information on Buford neighborhoods feel free to call Hank Bailey at (678) 252-9257, email to hankbailey@prudentialgeorgia.com or follow @PrudentialGARE on twitter.

Click here to view Buford neighborhoods and MLS listings in each, and visit my new website www.hankbailey.prudentialgeorgia.com to create an advanced MLS search including foreclosures, short sales, new construction, and by schools! 

Want to see more on Buford Schools including test scores, locations, parent reviews? Information on Buford listings? Need information on Buford Utilities and how to connect? Do you wonder what things to see and do in Buford? View the New Movers Digital Magazine to find out more about Living in Buford and experience the most unique digital magazine in existence!

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

randyrobinson001 October 22, 2012 at 03:16 PM
What a great post! I have been trying to learn a lot about real estate lately. My husband and I are in the market for new homes for sale in Sandy, Utah. What I'm really wanting to find out is the average price for a home. http://Utahhousesnow.com
Hank Bailey, ABR, Broker, Realtor October 22, 2012 at 03:29 PM
Thanks for your comment. I find that across our market inventory levels are dropping like flies and housing prices are actually making some yearly increases now. We are at a tiny 2.9 months of housing inventory right now! That is a clear movement from a Buyer's Market to a Seller's Market. Average sales prices on Buford, Ga homes were at $162,800 a year ago. Last month we were at $209,200! In Buford, sold listings are up 20% year over year and pending or under contract listings are up 30% over a year ago! Cost per square foot on sold listings a year ago was about $62/square foot. Last month it was at $83/square foot! For more information on Buford, GA homes for sale please check out http://www.gwinnett.prudentialgeorgia.com/Homes-For-Sale/Buford/GA. Also, check out the October Video Market Report update at http://www.hankbailey.prudentialgeorgia.com/gwinnett-video-market-updates.aspx.

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