Almost 100 cars. Perfect weather. Nice people. Is there a better way to spend a Saturday afternoon?
Category Archives: gwinnett
Smokerise Baptist Church Car Show – 2011
- Tuesday, 10 May 2011 08:27
- Written by Lane Bailey
- 1 Comment
Photo Friday… Talk To Some Kids…
- Friday, 06 May 2011 08:14
- Written by Lane Bailey
- 0 Comments
One of the coolest things I get to do is to talk with school kids about business… Oddly, they seem to like it, too. We talk about taxes, business strategy and skills that may be valued in the future.
Junior Achievement is a great operation, which has programs for kids from kindergarten to high school. In fact, today, as this post is being released, I am in a classroom with 8th graders talking about making solid choices for the future.
There are a lot of folks that criticize our schools. They talk about how kids come out of school unprepared for life in the real world. Business and economics are a couple of the areas that many of those complaints seem to be about.
I am NOT the expert. I’m not the final word in any of these subjects. But, I have a different set of skills and experiences than the teachers. I would bet that you have a set of skills and experiences that could compliment what the kids are getting i
Related articles
- Photo Friday… Kids With Something to Say, Part II (lanebailey.com)
- Junior Achievement City teaches kids about money ()
- Kids with Something To Say… Part I (lanebailey.com)
- Thank you to JA (lanebailey.com)
Norcross, GA, Market Report, March 2011
- Thursday, 05 May 2011 08:35
- Written by Lane Bailey
- 0 Comments
Image via Wikipedia
Market stats for Norcross GA, March, 2011 indicate that there were 399 properties on the market. Overall, there is about a 8.4 month supply of properties.
January was a powerhouse… February continued the trend, although not quite as powerful. March was a breakout month (59 v 44 last year). This is one of the few market areas in Gwinnett to post three strong months in a row.
In the sub-$200k arena, there were 235 listings, with about 6.6 month supply. Sales are up sharply from a year ago in this segment, which is the main driver of sales in this area (43 v 31). November and December were weak, but January, February and March have shown a powerful reversal in that trend. And with an Absorption Rate in the mid-6 month range, this price/location segment is bordering on balanced. It has been quite a while since I have been able to say that…
Between $200k and $400k, there were 118 listings for sale, and about 16.1 months of supply. Sales had been down and slowing for the last few months, but lower inventory levels made things look better. Sales bumped up well above last month… and almost to last year’s level, so despite the increase in listings, the Absorption Rate dropped.
From $400k to $600k, there were 41 homes on the market. The absorption rate is around 10.3 months. Inventory has been rising for the last three months, as have sales (4 months for sales, actually). And the Absorption Rate has been dropping for 4 months. Still has a little way to go, but I love that it is getting stronger every month.
- In the $600k to $800k arena, there were 2 listings on the market. Inventories have decreased as sales have increased compared to last year. The absorption rate is at 6 months of inventory… but with only 4 sales last year and then the sale in March, obviously it is easy to bump one way or the other. The ONLY reason for the strong looking Absorption Rate is that there are only 2 listings. Only.
The range from $800k to $1m, there were no homes listed on the market and no sales… seemingly forever.
Above $1m, there were 3 properties listed. But because of the smaller numbers of sales, the absorption rate could be significantly impacted by just a couple of sales. The single sale in January (first since October) has pushed the Absorption Rate down to just 9 months of inventory.
Norcross, GA is a suburb of Atlanta in Gwinnett County. The population is 2000 was 8,41, but that only included the area inside the city limits, and it has seen tremendous growth since that census. The City of Norcross revamped their old town a long time ago, and it has served as a model for other towns in the area. It is also home to Meadow Creek and Norcross High Schools. One of the things that Norcross is known for locally is the beautiful older homes in the downtown area. They have maintained their historic flair quite successfully.
I have a page dedicated to Norcross Market Data.
Related articles
- Norcross, GA, Market Report, February 2011 (lanebailey.com)
- Norcross, GA, Market Report, January 2011 (lanebailey.com)
- Norcross, GA, Market Report, December 2010 (lanebailey.com)
- Norcross, GA, Market Report, November 2010 (lanebailey.com)
- Norcross, GA, Market Report, October 2010 (lanebailey.com)
- Norcross, GA, Market Report, September 2010 (lanebailey.com)
Wayback Wednesday… Car Show THIS Weekend…
- Wednesday, 04 May 2011 08:45
- Written by Lane Bailey
- 0 Comments
Image by lane.bailey via Flickr
Kind of odd that for a “Wayback” post I would talk about an upcoming car show… But the show happens around the first Saturday in May each year… and so THIS Saturday is the day.
Smokerise Baptist Church is having their 11th Annual Smokerise Car Show on Saturday from 9am until 3pm. Registration runs from 9am until Noon… so there might be a few cars that don’t show up until late. Judging runs from Noon until 3pm.
And check out this link for pictures from last year’s show. There were some pretty cool rides on hand… and that was with showers threatening all day.
BTW, the other car show mentioned in that post, Mud4Blood, will be on May 28th. That one promises to rock, too…
Buford, GA, Market Report, March 2011
- Tuesday, 03 May 2011 08:19
- Written by Lane Bailey
- 0 Comments
Image via Wikipedia
Market stats for Buford, GA, March, 2011 indicate that there were 610 properties on the market. Overall, there was about an 12.2 month supply of properties. March was down substantially, 63 v 84 sales in 2009. February was exactly the opposite, 60 v 38 sales in 2009. January was slightly below last year (25 v 28 for 2009).
In the sub-$200k arena, there were 354 listings, with a 9.9 month supply. This is the largest price segment in this market area, so strength here usually equals strength across the whole local market area. Sales were up slightly from last month (48 v 41), but pretty flat compared to last year (50 sales in Mar. 2010).
Between $200k and $400k, there were 194 listings for sale, and about 15.3 months of supply. Last year, March took off compared to February (19 then 32 sales), but this year it was slightly down (18 then 14 sales). Obviously, March sales were WAY down compared to last year.
From $400k to $600k, there were 31 homes on the market. The absorption rate is almost 18.6 Months. This shouldn’t be acting like a high-end luxury segment, but it is. There have been 5 sales in the last 3 months. When the market is rolling, there should be 5-7 sales a month during this part of the year. And despite the lower market segments getting better, this one weakened for February.
In the $600k to $800k arena, there were 2 listings. Absorption Rate is 6 months (averaging a sale every few months)… but it jumps around a lot. Sales in this range are pretty sporadic, but steady when looking at the long-term. The drop in inventory over the last few months from 14 homes to 2 homes has made things look less slow… but there have been 3 sales in this segment last year… the last was this past November.
The range from $800k to $1m, there were 6 homes listed. And with only 1 sale in the last year (Feb 10) until last December (2 more), obviously trends are hardly definable. At least listings are down by more than compared to a few months ago (9 listings in June).
Above $1m, there were 13 properties listed. The last sale in the segment was in April… of 2009… still…
Buford, GA is a suburb of Atlanta in Gwinnett and Hall Counties. The population is 2000 was 10,668, but that only included the area inside the city limits, and it had seen tremendous growth since that census. Buford is home to Lake Lanier, one of Georgia’s premiere recreational areas, and Lake Lanier Islands. Recently, the City of Buford has revamped their old town. It is also home to Buford (Buford City Schools aren’t a part of Gwinnett County Schools), Mill Creek, Mountain View and Lanier High School (Lanier will open for the 2010-11 school year).
I have a page dedicated to Buford Market Data.
Related articles
- Buford, GA, Market Report, February 2011 (lanebailey.com)
- Buford, GA, Market Report, January 2011 (lanebailey.com)
- Buford, GA, Market Report, December 2010 (lanebailey.com)
- Buford, GA, Market Report, November 2010 (lanebailey.com)
- Buford, GA, Market Report, October 2010 (lanebailey.com)
- Buford, GA, Market Report, September 2010 (lanebailey.com)
