There are currently 320 homes listed as active in Dacula. The highest price home is listed at $619,900, with the lowest being listed at $19,900. Of the 320 homes currently for sale, 30 are listed as foreclosures and 51 are listed as short sales. That's 81 distressed properties, which represents 25 percent of the homes on the market.
If you break Dacula up as represented by the high schools, the Archer area has 25 homes for sale, the cluster has 175 and the cluster has 120.
As it stands right now, there are 120 homes under contract and listed as pending in MLS. of those 120 that are pending, 63 are listed as foreclosures or short sales. That represents 52.5 percent of all the deals pending. So 25 percent of the homes on the market are distressed properties, but 52.5 percent of that same group are pending. This statistic tells me that foreclosures and short sales are still driving the market. Homeowners that have their homes listed must come to the realization that they must be willing to price their home competitively. Only those that are willing, and in some cases able, to lower the price, will be successful in trying to get their home sold.