Gwinnett County Historic Courthouse, Lawrencev...

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Market stats for Lawrenceville, February, 2011, indicate that there are 1718 properties on the market. Overall, there is about an 10.8 month supply of properties. In 2010, sales for February were at 142, so 152 is only a mild increase, year over year.

For Lawrenceville Homes Under $200k, there are 1473 listings, with about a 10.7 month supply of homes. The inventory went up for February, as did the number of months of inventory. Sales were up from February 2010 (141 v 120).

Between $200k and $400k, there are 215 listings for sale, and about 12.7 months of supply.  We had a trifecta of lower month over month sales (10 v 18 last month), lower year over year sales (22 for February, 2010) and a slight increase in listings from last month.

From $400k to $600k, there are 21 homes on the market. The absorption rate is around 15.8 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 and one more for February. That rocked the charts.  It is the first time with three months of sales since mid-2009.

In the $600k to $800k arena, there are 7 listings, with about 10.5 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 last month… there were two sales for January, none for February.

Between $800k and $1M, and Above $1M there are 2 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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