Lilburn Market Report – April, 2010

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.

Market stats for Lilburn, April, 2010, indicate that there are 436 properties on the market (as of April 30tht). Overall, there is about a 13.8 month supply of properties, with a slowing in sales since December.  That is fairly normal for the winter season.  April sales were up compared to 2009, though.

In the sub-$200k arena, there are 258 listings, with about an 10.5 month supply.  Absorption Rates have been slowing since December, but sales were up dramatically since April 2009 (31 v 22).

Between $200k and $400k, there are 157 listings for sale, and about 26.1 months of supply. This segment has been getting weaker each month since at least November.  Sales were up by a couple of units in March, but so were listings.  In April, sales and listings both went down… but the Absorption Rate looks a little better on paper.

From $400k to $600k, there are still 14 homes on the market. The absorption rate is around 21 months.  With just a few sales, just a sale or two can make a huge difference.

Above $600k, there are 7 listings, but too few sales to have any sort of reliable number of months of inventory.  There have been two sales 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…

I have a page dedicated to Lilburn Market Data.

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• Lilburn Market Report – March, 2010 (lanebailey.com)
• Lilburn Market Report, March, 2010 (lanebailey.com)
• Lilburn Market Report – February, 2010 (lanebailey.com)
• Gwinnett Market Reports from January (lanebailey.com)

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