Towne Lake Real Estate Guide

Forbes Magazine just released their list of the fastest growing suburbs in America. Guess what? Woodstock is the fastest growing suburb in Georgia. In fact, it’s the 10th fastest growing suburb in America.

2000 Population - 10,697
2006 Population - 21,482
100.8% Growth

For each of the Towne Lake communities, here are the basic real estate sales figures for the month of October 2006. To receive more detailed information about a particular neighborhood, a particular home or aspect about Towne Lake real estate, please contact me.

• Towne Lake Hills: 3 Homes Sold - Average Sale Price $411,833 - Average Days On Market 132
• Eagle Watch: 9 Homes Sold - Average Sale Price $306,222 - Average Days On Market 87
• Deer Run: 1 Home Sold - Average Sale Price $309,000 - Average Days On Market 49
• Parkview: 1 Home Sold - Average Sale Price $163,000 - Average Days On Market 5
• Rose Creek: 1 Home Sold - Average Sale Price $168,000 - Average Days On Market 74
• Summerchase: 1 Home Sold - Average Sale Price $230,000 - Average Days On Market 17
• Wellesley: 0 Homes Sold
• Wyngate: 4 Homes Sold - Average Sale Price $226,225 - Average Days On Market 42
• Brookshire: 5 Homes Sold - Average Sale Price $206,305 - Average Days On Market 75

Township Place is one of the three communities that makes up Towne Lake Hills South. These appreciation figures are only for Township Place and not all of Towne Lake Hills South combined.

• In 2003, 10 homes sold in Township Place
• The average list price was $199,500
• The average sales price was $195,695
• The average number of days on the market was 62
• And the percentage of sales price to original listing price was 98.09%

• In 2004, 10 homes sold in Township Place
• The average list price was $199,494
• The average sales price was $197,270
• The average number of days on the market was 50
• And the percentage of sales price to original listing price was 98.89%

• In 2005, 12 homes sold in Township Place
• The average list price was $203,516
• The average sales price was $203,687
• The average number of days on the market was 57
• And the percentage of sales price to original listing price was 100.08%

Township Place has been slowly climbing in average sales price. Between 2003 and 2004, there was a 0.8% rise in average sales price. Between 2004 and 2005 the appreciation rate was 3.2%.

You can view the average sales prices as well as other Towne Lake real estate appreciation statistics in my 3 year look at all of the Towne Lake communities.

If you would like more information on Township Place or Towne Lake Real Estate, in general, please call me at any time or use the contact form to find many ways to reach me.

Knox Bardeen
(678) 471-7612

• In 2003, 7 homes sold in Wellesley
• The average list price was $294,014
• The average sales price was $291,900
• The average number of days on the market was 59
• And the percentage of sales price to original listing price was 99.28%

• In 2004, 12 homes sold in Wellesley
• The average list price was $302,725
• The average sales price was $297,275
• The average number of days on the market was 55
• And the percentage of sales price to original listing price was 98.20%

• In 2005, 13 homes sold in Wellesley
• The average list price was $309,146
• The average sales price was $301,769
• The average number of days on the market was 53
• And the percentage of sales price to original listing price was 97.61%

Wellesley has been slowly climbing in average sales price. Between 2003 and 2004, there was a 1.8% rise in average sales price. Between 2004 and 2005 the appreciation rate was 1.5%.

You can view the average sales prices as well as other Towne Lake real estate appreciation statistics in my 3 year look at all of the Towne Lake communities.

If you would like more information on Wyngate or Towne Lake Real Estate, in general, please call me at any time or use the contact form to find many ways to reach me.

Knox Bardeen
(678) 471-7612

• In 2003, 66 homes sold in Wyngate
• The average list price was $194,692
• The average sales price was $191,799
• The average number of days on the market was 64
• And the percentage of sales price to original listing price was 98.51%

• In 2004, 68 homes sold in Wyngate
• The average list price was $208,843
• The average sales price was $206,306
• The average number of days on the market was 55
• And the percentage of sales price to original listing price was 98.79%

• In 2005, 82 homes sold in Wyngate
• The average list price was $215,567
• The average sales price was $212,281
• The average number of days on the market was 58
• And the percentage of sales price to original listing price was 98.48%

Wyngate has been steadily climbing in average sales price. Between 2003 and 2004, there was a 7.56% rise in average sales price. Between 2004 and 2005 the appreciation rate was 2.8%.

If you would like more information on Wyngate or Towne Lake Real Estate, in general, please call me at any time or use the contact form to find many ways to reach me.

Knox Bardeen
(678) 471-7612

• In 2003, 80 homes sold in Eagle Watch
• The average list price was $245,968
• The average sales price was $238,959
• The average number of days on the market was 87
• And the percentage of sales price to original listing price was 97.15%

• In 2004, 88 homes sold in Eagle Watch
• The average list price was $273,194
• The average sales price was $265,153
• The average number of days on the market was 73
• And the percentage of sales price to original listing price was 97.06%

• In 2005, 102 homes sold in Eagle Watch
• The average list price was $280,374
• The average sales price was $271,958
• The average number of days on the market was 76
• And the percentage of sales price to original listing price was 97.00%

Eagle Watch has seen appreciation over the past two years, especially from 2003 to 2004 when the appreciation rate was 10.9%. The next year sales prices still rose, but only by 2.56%.

If you would like more information on Eagle Watch or Towne Lake Real Estate, in general, please call me at any time or use the contact form to find many ways to reach me.

Knox Bardeen
(678) 471-7612

• In 2003, 65 homes sold in Deer Run
• The average list price was $216,931
• The average sales price was $213,819
• The average number of days on the market was 60
• And the percentage of sales price to original listing price was 98.57%

• In 2004, 73 homes sold in Deer Run
• The average list price was $225,569
• The average sales price was $221,763
• The average number of days on the market was 48
• And the percentage of sales price to original listing price was 98.31%

• In 2005, 76 homes sold in Deer Run
• The average list price was $240,301
• The average sales price was $236,501
• The average number of days on the market was 55
• And the percentage of sales price to original listing price was 98.42%

Deer Run has been seeing some steady appreciation over the past two years. From ‘03 to ‘04 sales prices grew by 3.7% and between 2004 and 2005 sales price growth was 6.64%.

If you would like more information on Deer Run or Towne Lake Real Estate, in general, please call me at any time or use the contact form to find many ways to reach me.

Knox Bardeen
(678) 471-7612

• In 2003, 4 homes sold in Towne Lake Hills West
• The average list price was $253,700
• The average sales price was $245,000
• The average number of days on the market was 66
• And the percentage of sales price to original listing price was 96.57%

• In 2004, 5 homes sold in Towne Lake Hills West
• The average list price was $284,940
• The average sales price was $278,900
• The average number of days on the market was 38
• And the percentage of sales price to original listing price was 97.88%

• In 2005, 17 homes sold in Towne Lake Hills West
• The average list price was $281,082
• The average sales price was $274,194
• The average number of days on the market was 82
• And the percentage of sales price to original listing price was 97.55%

2004 saw some great appreciation from 2003 figures, approximately 13.83%. However, 2005 saw a reversal (not by much, 1.6%) in valuation.

Centennial Place is one of three neighborhoods within Towne Lake Hills South. Here’s the three year numbers.

• In 2003, 16 homes sold in Centennial Place
• The average list price was $167,461
• The average sales price was $165,492
• The average number of days on the market was 61
• And the percentage of sales price to original listing price was 98.82%

• In 2004, 16 homes sold in Centennial Place
• The average list price was $173,243
• The average sales price was $171,331
• The average number of days on the market was 58
• And the percentage of sales price to original listing price was 98.90%

• In 2005, 22 homes sold in Centennial Place
• The average list price was $180,040
• The average sales price was $177,580
• The average number of days on the market was 68
• And the percentage of sales price to original listing price was 98.63%

As you can see, Centennial Place is appreciating at a rate of approximately 3.5% per year.

Let me just list the data here and I will comment below.

• In 2003, 16 homes sold in Towne Lake Hills East
• The average list price was $339,505
• The average sales price was $326,540
• The average number of days on the market was 58
• And the percentage of sales price to original listing price was 96.18%

• In 2004, 31 homes sold in Towne Lake Hills East
• The average list price was $370,545
• The average sales price was $362,946
• The average number of days on the market was 50
• And the percentage of sales price to original listing price was 97.95%

• In 2005, 25 homes sold in Towne Lake Hills East
• The average list price was $360,412
• The average sales price was $353,002
• The average number of days on the market was 74
• And the percentage of sales price to original listing price was 97.94%

The sales price is what I am going to focus on. As you can see, from 2003 to 2004 homes appreciated very nicely. Towne Lake Hills East saw an approximate 11% increase in value. From 2004 to 2005, values dropped by about 2.8%.