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Category Archives: gwinnett

This is what I feared… Gwinnett Market Report – July, 2010

DSCN0559
Image by lane.bailey via Flickr

I have been kind of expecting this, but of course it will take a couple of months to confirm…

The Tax Credit did not kick the Gwinnett Market into gear…

Instead, its expiration killed sales.  Looking over the last few months of sales we see that for 2010, sales were (compared to 2009):

  • January – down 10.9%
  • February – up 1.7%
  • March – up 10.1%
  • April – up 14.1%
  • May – up 17.3%
  • June – down 0.8%
  • July – down 26.2%

As we look over these numbers, there are a few things to keep in mind…  To start with, the July numbers will likely get a little better.  Although sales are supposed to be reported within 48 hours of closing, there are always stragglers that take a few weeks to make it into the reports.  Contracts had to be written by April 30th, and sales here usually only take 30-45 days to close.  That would be why sales were up in May, but not in June… those sales were likely closed.  I didn’t see a lot of buyers playing chicken with the contract dates.

All isn’t doom and gloom…  Inventories are down a bit from last year.  This is helping to keep the absorption rates at a reasonable level.  But they are still decelerating.

Look for specific reports over the next couple of weeks for Lilburn, Lawrenceville, Duluth, Suwanee, Sugar Hill, Buford and Norcross.

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Occupational Hazard…

There are a few occupational hazards we real estate agents face… moldy foreclosures, rotted floors that we can fall through, angry undisclosed dogs, getting locked out of a house on the back deck 40′ off the ground (don’t ask).  But there is something even more dangerous…

Houses we really like… really, really like.  Ones that we can afford…

As a real estate agent, I look at a lot of houses.  Some of them are amazingly cool.  But, I’m not dropping half a million bucks on a house.  Those aren’t so dangerous…  Not to say that I don’t love the media rooms, pubs on the terrace level and the 10 car garages… especially the 10 car garages… but those aren’t that dangerous, because they are out of MY operating range.

And then…

So, I was out checking out some new cool garage homes in Gwinnett County, and I ran across this one.  I shot a few videos to use in ‘discussions’ with my wife.  Seriously, I didn’t shoot these to show the world, just one person.

The problem is that we don’t want to change schools yet…  So, unless this house is hanging out on the market in 8 months, the best I can hope for is to find it a good owner.

Not bad for about $160k…

Flashback Friday… Rumble, Rumble…

A Kawasaki ZX-7RR sport bike
Image via Wikipedia

Last year I was in the midst of writing about some of the local businesses I try to frequent.  One of those was Millennium Cycle Works.  I dropped in one day (without my 4′ co-pilot) and talked for a minute with Ken, the owner.  After a moment to gather his thoughts, I shot a video of him talking about his business.  He is a great guy with a cool cycle dealership.

My wife still won’t let me talk her into me getting a bike… but I still have managed to get up there for a few things here and there.  My 6 year old has some gloves made for riding a dirt bike.  They are very similar to Mechanic’s Gloves… which are REALLY hard to find in sizes that small.

Here is a link to the original post and video.

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Thinking of Scouting?

Cub Scouting
Image via Wikipedia

School is almost ready to start here in Gwinnett County.  It is only a couple of weeks away… and that means that school activities will be starting, too.

Since one of mine is going into 1st Grade, he is old enough to start in Cub Scouts.  He can be a Tiger Cub.  And while the ‘Roundup’ is still a few weeks away, we actually found a Pack and started getting involved a few weeks ago.  In fact, my wife and I volunteered to be Den Leaders.

The Pack that we found is part of the Sweetwater District of the NE Ga Council.  And the Sweetwater District just rolled out a new tool on their website to help parents find a Pack, Troop, Crew, Team or Post for their Scout.  Basically, if you are in the Sweetwater District, which covers Walton County and much of Southern Gwinnett County (east of I-85), you can use this tool to find the units that are closest.

Cub Scouts are arranged in Packs.  Boy Scouts are in Troops.  There are also Venturing Crews, Varsity Teams and Explorer Posts.

Scouting is a great outlet for boys and girls.  It teaches responsibility, manners and confidence.

My son is looking forward to getting more involved in Scouting.  We have been to a couple of events with the Pack, but no Den based activities yet (they generally are inactive during the summer, but the Packs often have several activities and there are also camp opportunities).

I think we are going to have a great year!

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Wayback Wednesday… Add on or Get out?

Two years ago I wrote a post about whether a (would-be) seller would be better adding on or moving if their current home wasn’t meeting their needs.

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