Downtown Lawrenceville (as of June 2006)

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Market stats for Lawrenceville, January, 2011, indicate that there are 1686 properties on the market. Overall, there is about an 10.6 month supply of properties. In 2010, sales for January were only at 111, so 148 is a 33% increase, year over year. The Absorption Rate increasing from 9.9 months to 10.6 months is due to lower month over month sales, as well as the increase in listings.

For Lawrenceville Homes Under $200k, there are 1440 listings, with about a 10.5 month supply of homes. The inventory went up for January, as did the number of months of inventory. Sales were up dramatically from January 2010 (121 v 94). But, like other segments, sales were down significantly from last month (152 in December).

Between $200k and $400k, there are 214 listings for sale, and about 11.7 months of supply. It is one of the few market segments that actually recorded a better Absorption Rate for January than December (11.8). This, despite lower month over month sales (18, v 23 last month), only slightly higher year over year sales (17 for January, 2010) and a slight increase in listings from last month.

From $400k to $600k, there are 22 homes on the market. The absorption rate is around 22 months. However, with the level of sales in this segment, a couple of sales added or subtracted can have a HUGE impact. December had the first sale (1) since June, and only three in May and June (combined). Those were the only sales in the segment last year. However, there were two in January. That rocked the charts.

In the $600k to $800k arena, there are 6 listings, with about 9 months of supply. As with the next lower priced segment, a couple of sales makes a big difference and there were only two sales since November, 2009 (One each, April and July) until this month… there were two sales for January.

Between $800k and $1M, and Above $1M there are 4 homes listed (combined) and not enough sales data to give an accurate absorption rate. There has only been one sale in this range in the last 2 years (Aug, 2010), according to FMLS.

Lawrenceville is in Gwinnett County, GA, just outside of Atlanta. As of the 2000 Census, there were 22,937 people in Lawrenceville, but that is only including people in the city limits, and there has been a lot of growth since 2000 in Gwinnett County (2008 estimates from the Census Bureau peg population around 29,000). It was incorporated in 1821. Lawrenceville is home to Central Gwinnett High School, and also has students that the Mountain View and Archer clusters. It is also home to Gwinnett Technical College and Georgia Gwinnett College. Another recent addition to Lawrenceville is that it is home to the Gwinnett Braves, playing at the Gwinnett Stadium on GA20 between I-85 and GA316. Possibly the most famous resident of Lawrenceville was Oliver Hardy. As a small boy he lived in Lawrenceville with his parents for a short time. Lawrenceville was also home to Junior Samples. Some of its other residents included Jeff Francouer, Brian McCann and Jennifer Ferrin.

I have a page dedicated to Lawrenceville Market Data.

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