Foreclosure in 30092>Question Details

Dan, Home Seller in Norcross, GA

What's the deal with homes in the Dunwoody Manor not selling? Rest of Peachtree Corners seems ok!

Asked by Dan, Norcross, GA Tue Nov 13, 2007

If you take a look at "Recently sold homes" in 30092, you'll notice a void of sold homes in the Dunwoody Manor neighborhood (Corners Way, Mountcreek Place and Court, etc). I know that there are several homes for sale in that area and have been on the market for a long time!

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Dan’s answer
Thanks to everyone for their opinions. It has been about 2 years since a home has sold in the Dunwoody Manor neighborhood! That is insane, considering that according to this site, many homes have been selling in the surrounding 30092 area. Apparently the asking prices in this neighborhood are way too high...
0 votes Thank Flag Link Tue Jul 15, 2008
Hi Dan,
Just a comment on what Realtor Brenda said re the elementary schools - the disparity results in the fact that most of the students at PTree come from the apartments in the Ptree Crnrs area (lower income), whereas the ones at Simpson live in the surrounding homes which cost upwards of the mid-200K range (higher income). Additionally, anyone familiar with the area knows it is culturally very diverse and includes a large number of children who do not speak English as a first langugae, which statistics show affect results of standardized testing. Eventually however, all the kids end up at the same middle and high schools - Pinckneyville and Norcross.
0 votes Thank Flag Link Tue May 13, 2008
Hi Dan: I agree with both James and Joshua....schools and price are the main factors for Dunwoody Manor. For someone who wants to live in the Peachtree Corners area, Simpson Elementary gets higher ratings than Peachtree Elementary. In the most recent school ratings info, 87.15% of students at Peachtree Elementary meet or exceed standards compared to 98.66% at Simpson Elementary. At Peachtreee, 68% of students classify as Economically Disadvantaged (meaning they qualify for the free lunch program) compared to 3% at Simpson. Whenever I have a client that wants to live in the Peachtree Corners area, we always start the search first in Simpson vs. Peachtree as top schools equate to homes holding their value. The only way to really combat this is to next compete on price.
Web Reference: http://www.RKiHomes.com
0 votes Thank Flag Link Wed Nov 14, 2007
Dan,

It's no secret that the market in general is very slow right now. In my opinion one of the things that could be making a difference is that Dunwoody Manor falls under the city of Norcross where Peachtree Corners does not.

Norcross gets alot of bad press due to crime, foreclosures, and quality of schools. Since Dunwoody Manor falls under the city of Norcross many home buyers may be avoiding searching for homes in Norcross for these reasons and these communities are being overlooked.

This is the only reason I can see that Peachtree Corners may have more sales activity.
0 votes Thank Flag Link Wed Nov 14, 2007
I could go into an analysis on why things are they way they are in certain areas, but the easiest answer is PRICE. Buyers simply aren't seeing the value in these neighborhoods.

If the home is being properly marketed then the price is the answer every time, unfortunately. The top 10% of homes are selling FAST, the rest of the homes have to wait to get to the top 10%.
Web Reference: http://www.jrjarvis.com
0 votes Thank Flag Link Tue Nov 13, 2007
Joshua Jarvis, Real Estate Pro in Duluth, GA
MVP'08
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