Quality of Life in Dacula>Question Details

Pam MonjeauB…, Home Buyer in Uconn/CT

Home fell from 248K to 239K in last 10 months; why the down-turn in Dacula?

Asked by Pam MonjeauBerthelette, Uconn/CT Sat May 12, 2007

Is Dacula mostly a bedroom community? What is cost of living compared to CT? How are utility bills? What cultural opportunities are there? How far from lakes, mountains, beaches or other scenic
sites?

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6
Dacula is a very loverly community to live in, The schools are excellent. Cost of living is 30-40% lower than Connecticut. Its a mixed community, lots of entertainment for families and beautiful parks, with basketbll, football, pools, walking trails etc.
0 votes Thank Flag Link Tue Jan 8, 2013
Dacula is a great community that has many advantages. First of all, you are very close to down town Lawrenceville which is quickly becoming a cultural hub. There are many concerts and theatrical productions that happen in downtown Lawrenceville. Within Daula, the schools have excellent fine arts program. You would be amazed how good high school students can sound or act.

Your utility bills will really depend on the size home you choose. On a 3200 square foot home, you should expect to spend around $300 a month for gas and electric. Figure an additional $58 for garbage and water.

You are a couple of hours from the mountains and less than 30 minutes from Lake Lanier, which is a very poular lake. They have a water park as well as host many cultural events. Your are also about 30 minutes from Stone Mountain Park which has a nightly laser show. They also host many special events.

The buyers market has really hurt home values. It is a great market if you are a buyer. Another contributing factor is the foreclosure issue. A buyer can find a foreclosure that sold for $100,000 or more than the current asking price just a couple of years ago. That listing now competes with a sellers private residence. You now have a home that sold for $300K selling for $199K. It is impossible for the private seller, who has a legitimate $199K home, to compete. The private seller must then lower their price to try to undershoot what is happening in the market. Hence, the reduction in prices.

I hope this has been helpful. Please call me at 404-483-7816 if you have any questions.
0 votes Thank Flag Link Sun Apr 12, 2009
I would not call that a dramatic down-turn. The New Jersey and Connecticut markets have "righted" themselves a little more dramatically in the last year. The Metropolitan Atlanta area has held tight - a $9k turn would be a welcome respite in other states of the union...

Cost of living from Connecticut to Georgia would almost qualify as a wash - except that the taxes could be less depending on the county you choose.

Georgia has lakes, mountains, beaches, and many historical sites. Having visited CT last summer, I enjoyed the beauty and there is nothing better than an afternoon in Mystic.... but you will find that Metro-Atlanta suburbs have that and much more...

Distance to attractions as anywhere else would depend on where you settle. Forsyth County has the Lake Sydney Lanier community and Big Canoe is in Pickens County. Opportunity to visit nature - on a canoe trip up the Chatahoochee River is priceless!

Give us a buzz if you are ever in the area - would love to show you southern grandeur at it's best!
0 votes Thank Flag Link Thu Jul 5, 2007
Around November of last year the effects of the national market were felt. There were not as many people moving from out of state to the metro area because they could not sell their home. Last year I had over 6 million dollars in sales that did not happen due to difficulties in other states.

That being said, new construction has taken the hit the hardest. A community like Dacula is in transition. Builders flocked out here (I'm a resident) to build only to find that their homes weren't selling to the usual clientelle. Because Dacula is so Family-centric moves mostly take place during the school year. Watch the market here in the next 3 months and you'll see a quick upturn.

Dacula is diverse and near multiple parks and lakes. Any metro Atlanta city will put you HOURs from the beach but you're only 2 hours to the mountains from here. There's a lot to like in Dacula, so there'll be little reason to venture out for a while.
0 votes Thank Flag Link Mon Jun 11, 2007
Joshua Jarvis, Real Estate Pro in Duluth, GA
MVP'08
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That is a great question. As a resident of Dacula, I can tell you that the quality of life in tremendous. Wonderful schools, close proximity to downtown Atlanta, the mountains and lakes make this a great place to raise a family.

I used to live in Fairfield County CT and can tell you that the cost of living is much less than what you are currently experiencing depending on where in CT you live.

As for the reduction of price in 10 months, well we are currently in a Buyers Market which forces home sellers to do a couple of things. Number one, the home must be in great condition to attract buyers along with making sure the home is priced at or below market value. With so many homes on the market, buyers have an advantage in picking and choosing their new home.

Please let us know if we can answer any other questions for you, mattsells@kw.com
0 votes Thank Flag Link Mon May 14, 2007
Georgia is a peculiar market right now. While other parts of the country saw astronomical increases in market prices for residential real estate, Georgia (particularly Dacula, Georgia) saw an average of 3 to 5% growth.

Right now the declined is not as marked as some areas but we are seeing that Inventory (homes on the market) has increased 30% from this time last year. In addition, the subprime market (financing for people with less than perfect credit) is virtually gone. These factors have turned a seller's market into a Buyer's Market! Buyer's are able to be super picky about their home choices and try to beat up the seller's with the price they offer. It is a good idea to make sure your Professional represenation is knowledgeable about the area you are selling and buying in.

Dacula has an incredible value for residential real estate and if your agent does the right homework, you can be attractive to all buyer's in your price range.

You are more than welcome to contact me for more information.

678.409.8627
0 votes Thank Flag Link Sun May 13, 2007
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