As interest rates remain historically low and buyers purchase homes at record speeds, the rise in housing demand has also presented a supply shortage with low housing inventory. Fortunately, new homes are available in popular intown and metro Atlanta areas, including sought-after Gwinnett County, from top Atlanta home builder The Providence Group.
“The lack of housing inventory is an issue all over Atlanta, but it is particularly acute in Gwinnett County where the months of supply for all housing stock above $200,000 is only .6 months,” MarketNsight President and housing analyst John Hunt said. “For the market to be at equilibrium (6 months of supply), we would need an additional 6,483 homes above $200,000 for sale right now. Good luck trying to put that many lots on the ground in today’s regulatory environment.”
Thanks to new expansions, quality school systems, big-city conveniences and array of home options, Gwinnett County has experienced incredible growth over the past several years. Moreover, Niche ranked multiple Gwinnett County cities among its 2020 Best Places to Buy a House in the Atlanta Area including Suwanee, Berkeley Lake, Sugar Hill, Grayson and Dacula.
After spending more time at home in the last year, homebuyers are looking for floor plans with spaces created for today’s standard of living within community-driven neighborhoods. New construction homes allow homebuyers the chance to personalize a home to fit their family’s individual needs.
As a solution to the current housing scarcity in Gwinnett County, The Providence Group is selling new homes in four new Gwinnett County communities in Suwanee and Duluth. Each community boasts “live, work, play” lifestyles with convenience to nearby parks, mixed-use developments and historic downtown squares with enchanting small-town charm among the area’s exciting growth.
Homebuyers seeking a low-maintenance lifestyle in Suwanee will not want to miss new townhomes coming soon at Suwanee Towneship. Priced from the mid-$300,000s, this park-like, gated community of two- and three-story townhomes presents a laidback, nature-inspired lifestyle with a community Village Green featuring a tree-save area, multiple park settings and a fire pit, perfect for gathering with family, friends and neighbors. Some of the area’s most popular parks and entertainment options are all at homeowners’ doorsteps including Suwanee Town Center, Sims Lake Park and North Gwinnett Middle.
Also located in Suwanee, Ellington features two-story townhomes and open-concept single-family homes in a gated setting priced from the mid-$300,000s to mid-$400,000s. Boasting 250 homesites, residents at Ellington will enjoy an impressive community amenities package including a pool, cabana and five pocket parks. Additionally, Ellington is walkable to Peachtree Ridge Park, which sits on 154 acres and features a paved walking trail, pavilion, playground and multiple athletic fields/courts, and located within the Peachtree Ridge High School District.
Featuring award-winning home designs in the heart of Suwanee, Harvest Park offers homebuyers the ultimate in vibrant, local living with townhome and single-family home options starting from the high $300,000s to mid-$400,000s. Community amenities include a pool, cabana and neighborhood pocket parks throughout. Arguably the best part of life at Harvest Park is the community’s convenience to Suwanee Town Center and its 10-acre park, amphitheater for performances, interactive fountain, community events and walking paths linking to multiple restaurants, shops and office spaces.
Beyond Suwanee, Main Street living is also available at Greysolon in Duluth. Comprised of 47 low-maintenance, luxury townhomes priced from the mid-$300,000s, Greysolon is set amongst open green spaces, a dog park and grilling areas within the city’s burgeoning downtown area. HOA-maintained lawn care and landscaping allow homeowners plenty of time to explore the community’s surrounding locale via the future Main Street Trail, which will provide direct access to numerous boutiques and restaurants in downtown Duluth.
New home opportunities in Gwinnett County are going fast! For more information or to schedule a private tour, visit www.TheProvidenceGroup.com/contact. To learn more and explore new intown and metro Atlanta homes from The Providence Group, visit www.TheProvidenceGroup.com/new-homes.