Market stats for Lilburn, February, 2010, indicate that there are 390 properties on the market (as of February 28th). Overall, there is about a 15 month supply of properties, with a slight acceleration in sales during October and November, but slowing in December and January, flat in February.

Sunrise in Lilburn
Image by mjp* via Flickr

In the sub-$200k arena, there are 226 listings, with about an 11.5 month supply. The same pattern holds, that sales accelerated through October and November and slowed after that, but bumped slightly in February.

Between $200k and $400k, there are 147 listings for sale, and about 26 months of supply. This segment has been getting weaker each month since November..

From $400k to $600k, there are 12 homes on the market. The absorption rate is around 3 years, and it is definately slowing.  Of course, there is a seasonal dip around the Holidays and the pick-up isn’t until March and April.

Above $600k, there are 5 listings, but too few sales to have any sort of reliable number of months of inventory.  There has been one sale in the last three months, but prior, there had only been two other sales in 2009 (February and November).  Two of the listings are above $800k, and there is no market activity in the last 12 months for that range…

Lilburn is in Gwinnett County, GA, just outside of Atlanta.  As of the 2000 Census, there were 11,307 people in Lilburn, but that is only including people in the city limits, and there has been a lot of growth since 2000 in Gwinnett County.  It was incorporated in 1910.  Lilburn is home to Parkview High School, and also has students that the Brookwood, Berkmar and Meadowcreek clusters. It is also home to Killian Hill Christian School, Providence Chrisian Academy, St. John Neumann Catholic School and Parkview Christian School.  Possibly the most famous resident of Lilburn is General Beauregard Lee, a groundhog with a better winter prediction record that Puxatawnee Phil up in PA. Dominique Wilkins, formerly of the Atlanta Hawks also lives in Lilburn.

From LaneBailey.com.  I have a page dedicated to Lilburn Market Data.

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