Hyde Park, Norcross houses (Atlanta, Lawrenceville: for sale, condo, school district)

[czhao]

I am looking for a house in Atlanta. I looked at houses in Hyde Park subdivision in Norcross. I could see 9 listings on East Windsor Lane alone, and there are some nearby as well. Just wonder why there are so many houses for sale there, is something happening in that area that is driving people away?

[jxu66]

It is in MeadowCreek school district, one of worst school district in Gwinnett.

[homesource group]

Hello czhao,
Your question is a valid one and at least you took notice that so many homes are for sale. This is a common question asked of me; not particularly of Norcross, but of subdivisions in general. I am a Realtor and we have a team that focuses on Gwinnett. Norcross has many positive attributes. The old historic section of Norcross is retaining its' value and consistently building high end cluster homes, restored historic homes, and soon some condo conversions. I have actually helped 2 families move into some of those homes.
Here are some of my perspectives on the area. Norcross at one point had lots of potential and people were starting to invest in the city hoping for a high return. Norcross is a strong location due to its centralization between Chamblee, Duluth, Lawrenceville and other strong municipalities. There are also many main arteries that cross through the city. Right now there is a strong revitalization taking place in downtown.
Unfortunately, Norcross has gone through some transition. Many subdivisions aren't flourishing and many families are cutting their losses and selling their homes while they can. Now this is not true for all of Norcross. As I said earlier, there are some areas that are experiencing revitalization and those areas are seeing some growth and eventually financial gain. Not speaking directly about the subdivision you have mentioned, whenever you see a high amount of volume in the resale market it is in direct association with one of these factors:
-Commercial development is taking place and rezoning is pushing the residential market out
-The homes have realized an exponential amount of equitable growth. Those homeowners are now cashing out on the equity they have gained.
-The homes are slowly or rapidly seeing a decline in their value, thus people are cutting their losses and trying to save their investment.
-An outside variable in the community is forcing families to move into districts that they feel is better for their investment, family and/or overall situation.

Honestly anything can stimulate resale in a subdivision. It could be that these folks are all one family and are moving somewhere else. Ultimately, if you are a Realtor or have a Realtor, I would reccomend looking up tax records and seeing what's taking place. Also pull up a 12 month history on the subdivision and that will tell you alot as well. Well I hope this helps a bit.
Moderator cut: Cut Good luck and welcome to Gwinnett.