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Author Archives: Lane Bailey

Photo Friday… Confidence…

Friday, 22 July 2011 08:06
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He REALLY wanted to cross the rope bridge.  We stood in the line for a few minutes, and he was excited the whole time… until the person in front of him went.  At that point, he was much less excited… at that point he realized that he was next.  It was going to take a few minutes though, because the boy in front of him was SLOW.

We talked… he told me he didn’t want to do it.  I reminded him that he would only be 4 feet off the ground… and that there would be spotters walking with him the whole way.  The boy in front of him had the spotter’s all but carrying him across the bridge at this point.

He bravely walked up to the base of the ladder… climbed it and stepped out onto the ropes.  The spotters moved in.  After his first step, he asked the spotters to back up a little and let him walk it.  In what seemed an incredibly short time, he climbed down the other side.

Now he was ready to do it again.  He was an expert… telling other boys in line what to expect and how to increase their performance.  One trip across…  Expert.  I will say that the pointers he was giving were pretty good…  They were the same ones I had given him just a few minutes before.  ;^ )

What a difference a few minutes makes.  He had completely forgotten the nerves and the trepidation.  Now he was brimming with confidence.

I was (and I still am) a very proud Dad.  He overcame his fear and reaped the reward of pushing his boundaries.

Lawrenceville, GA Market Report, June 2011

Thursday, 21 July 2011 08:00
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Gwinnett County Historic Courthouse, Lawrencev...

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Market stats for Lawrenceville, June, 2011, indicate that there were 1548 properties on the market. Overall, there was about a 6.05 month supply of properties. In 2010, sales for June were at 222, so 276 sales was a pretty good increase, year over year.  Coupled with the slight decrease in inventory, things are looking up.  Normally at this time of year we should be seeing healthy increases in month to month sales.

For Lawrenceville, GA, Homes Under $200k, there are 1309 listings, with about an 5.5 month supply of homes.  Sales were way up from June 2010 (254 v 192).  This segment is easily the lion’s share of sales for the area.  Last month this was one of the strongest price/area segments in Gwinnett County.  This month it is strong, but not AS strong.  The big drop in Absorption Rate (AR) is due to strong sales, coupled with slightly lower inventories.

Between $200k and $400k, there are 205 listings for sale, and about 10.8 months of supply.  Oddly, this was one of the weakest segments in the county, again.  The 21 sales for June, 2011 were down from the 28 from June last year.  Sales should have been closer to 30 (if not 40) units for June, and I’d like to see over 30 for July.

From $400k to $600k, there are 26 homes on the market. The absorption rate is around 78 months.  However, with the level of sales in this segment, a couple of sales added or subtracted can have a HUGE impact.  Case in point is that we went from a 12 month AR to a 78 month AR because of a lack of sales for the last 3 months (there was 1 sale in June).  Just 6 months ago there was 87 months of inventory, though…

In the $600k to $800k arena, there are 5 listings, with about 10 months of supply. As with the next lower priced segment, a couple of sales makes a big difference and there was only 1 sale in the last four months.  I was hoping for 2 sales in June… and there were none.  It has been quite a while since sales were strong here… the only saving grace is low inventory.

Between $800k and $1M, and Above $1M there are 3 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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Wayback Wednesday… Let’s Go Scouting!

Wednesday, 20 July 2011 08:34
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Boy Scouting (Boy Scouts of America)

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Can you believe that we are only a couple of weeks away from the start of school here in Gwinnett County?  Well… we are.

So this is the perfect time to think about getting involved in Scouts.  Cub Scouts, Boy Scouts, Girl Scouts, Venturing, etc.  Now, there might be a membership drive at your child’s school in a few weeks, but there is a great reason to get involved a little early… that is when the best volunteer opportunities are still available.  And you REALLY should volunteer (as a parent).

There are a lot of things that go into Scouting that are all but invisible behind the scenes.  In addition to things like Cub Masters and Scout Masters, there are loads of Committees, both at the Pack/Troop level, and at the District level.  And if those jobs don’t get done, neither do the camping trips or the meetings or anything else.

There is another HUGE benefit to Scouting… and this is for your child…  Responsibility, Maturity and Confidence.  They learn these traits and more.  And they learn it best when YOU are there next to them… teaching those traits.

The other day on the radio I was listening to a host talk about the (lack of) quality he saw in the “boys” his daughters were dating.  There were several calls from parents agreeing… and a couple of them were from parents with boys noting the same observation with the girls that their sons dated.  The parents with sons that were actually accomplishing things also mentioned that their boys had been Scouts…  Eagle Scouts.

For girls, Gold Award Scouts have the same distinction as Eagles.  It is a true accomplishment, one that will follow them for life.

So… find your local Scouting group… get involved.

Here is a post I wrote last year about how excited my son was with getting started in Cub Scouts.  He is still involved, we are still involved and we are all looking forward to a new year… with a new Cub Scout Pack (we just moved).

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Lilburn, GA Market Report, June 2011

Tuesday, 19 July 2011 08:36
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Dominique Wilkins during Euroleague semifinal ...

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Market stats for Lilburn, GA, June, 2011, indicates that there were 454 properties on the market (as of June 30th). Overall, there was about an 8.5 month supply of properties and 63 properties that closed (sold) in June.  I had been looking for another increase in sales for June and it came through.  And it was an increase over last year’s sales (51) and May, 2011 (54 sales).  The Absorption Rate notched down slightly.  Unfortunately, Lilburn is among the weakest of Gwinnett County, GA, cities I track.

In the sub-$200k arena, there were 309 listings, with about an 7.7 month supply with 48 sales.  This represents most of the sales in the market area.  Sales rose slightly from last month (41), but were more above last year (38).  The Absorption Rate dropped only slightly from 7.9 to 7.7 months of inventory.  This is even a slight improvement over the tax credit fueled buying of this time last year.  If the pace maintains for the next two months, it could mean that Lilburn, GA, is on the verge of a turn.

Between $200k and $400k, there are 132 listings for sale, and about 11.o months of supply.  This segment has been quite weak for months, but has picked up a little strength.  May was a strong follow up to April, which was HUGE… 11 sales compared to just 9 last year.  June pulled down 14 sales, slightly above last year’s 13 homes sold.  If July stays strong (14-15 sales), this could signal a return to a more balanced segment… and Lilburn has been missing that.  (last month I said…) I’ll be looking for around 14 sales for June…  ;^ )

From $400k to $600k, there are just 8 homes on the market. The absorption rate is 6.0 months. There were no sales in this segment from December through February, but there were 2 in March, which really turned the segment around, followed by 1 sale for April.  May posted 2 sales, and there was 1 sale in June.  It doesn’t seem like much, but this is a segment hasn’t posted that many months with back to back sales…  This is the first time sales have been sales posted four months in a row since 2009.

From $600k to $800k, $800k to $1M and Above $1M, there are 5 listings (combined), but too few sales to have any sort of reliable number of months of inventory.  March posted the first sale since August, 2010.  It was in the $600-$800k range. One of the listings is above $1M and one between $800k and $1M, and there is no market activity in the last 12 months for those ranges…

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.

I have a page dedicated to Lilburn Market Data.

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Sneak Peek…

Monday, 18 July 2011 08:37
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Shhh.  Don’t tell anyone.  OK, you can tell if you want.

This is the project I’ve been working on the last couple of weeks.  It should be launching next week.

It is called…

CoolCaroftheDay.com

I have been writing on this blog for 4 years… and about half of all of the posts I do are car posts.  I figured it was time to split that off and have a blog dedicated to just the car talk.  In addition, there will be a news feed, Twitter feed, FaceBook page and YouTube channel.

Some of the series that I did here, like 101 Cars and 53 Cool Concepts, will find their way over to the new site.  There will also be plenty of new stuff.

I hope you join me there.

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