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Category Archives: suwanee

Wayback Wednesday… Social Media Breakfast

Wednesday, 17 August 2011 08:00
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A little over 2 years ago, Mortgage Broker, Ken Cook and I started an event called Social Media Breakfast Atlanta (smbATL).  It was actually in July, 2009.  Ken was (and still is) the co-host of a show on Blog Talk Radio called Social Media Edge (it used to be called Twitter Tuesday).  And I had the idea that it would be fun to get together a with a bunch of local small business owners to talk about better ways to leverage social medias.

 

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Image via CrunchBase

When we started, Twitter was all the rage.  FaceBook Pages were brand new, and a lot of people hadn’t heard of them.  Google Buzz and Wave hadn’t been released yet.  And we hadn’t even had an inkling about Google+.  In the last two years, we’ve learned more about those platforms, as well as things like Posterous, Get Glue and a PILE of tools.

 

We have also split the events so that there is one in Cobb County and one in Gwinnett County each month.  Cobb’s event is generally the 3rd Thursday of the month and Gwinnett’s is the 4th Thursday.  In Cobb, the usually take off a couple of months in the summer… in Gwinnett, we take off for the Holidays.

 

Image representing Twitter as depicted in Crun...

Image via CrunchBase

For August, we have a special guess at the Gwinnett County smbATL event.  Jennifer Jones of Anderson Jones PR will be talking about Social Media leveraging for small business.  She has case studies and all sorts of solid reasons that we (as small business owners or principals) should be involved with Social Media.  But, even better, she will be fun!

 

And, as usual, we will all get to socialize and meet some new folks.  That’s why Ken and I started this over two years ago… to meet some cool new folks and learn some cool new tips, technologies and techniques.  And we have.

 

You can check us out on FaceBook (1st link), and we’d love for you to join us on August 25th at the Atlanta Bread Company on Lawrenceville-Suwanee Rd and Satellite Blvd.  We’ll be meeting there from 9:00am until around 10:30am.

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Suwanee, GA, Market Report, June 2011

Friday, 29 July 2011 08:00
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DSCN0560

Image by lane.bailey via Flickr

Market stats for Suwanee, GA, June, 2011 indicate that there are 629 properties on the market (down from 640 last month). Overall, there is about an 8.4 month supply of properties (down from 8.9 last month).  May sales were up (88), but June reversed the trend with just 63 sales.  Compared to 2010 (88), that was very weak.   Inventory was down slightly compared to 2010 (652).

In the Under $200k arena, there are 183 listings in Suwanee, GA, with about a 5.6 month supply (184 and 6.5, respectively last month).  Last June, there was a 4.8 month supply.  This June’s sales were OK, at 33 (29 last month).  April was VERY strong (37) and last June there were 28.  This is definitely the strongest price segment in Duluth, but not that strong compared to some other areas of the county.

Between $200k and $400k, there are 300 listings for sale (310 last month), and 9.3 months of supply (May was 9.0).  Sales in June, 2011 were 22 (45 in May), compared with 46 for the same period in 2010.  Pretty weak, but even with the decrease in listings, the Absorption Rate (AR) got worse, reversing its trend of the last few months.  So far this year, only February and May posted better sales than 2010.  This segment was MUCH stronger last month.

From $400k to $600k, there are 78 homes on the market (87 last month). The absorption rate is at 14.6 months (14.5 in May).  There were 3 sales in June (10 in May)… down from 11 last June.  Even looking at the three month average, there were 16 sales this year and 28 for the same period last year.  The only good part is that listings are down slightly, and would normally be flat of slightly rising at this time of the year.

In the $600k to $800k arena, there are 30 listings (25 last month), with about a 12.9 month supply (15.0 in May).  Sales at this level are not consistent, but there were 3 this month (2 last month).  Looking at one month makes the numbers jump.  For the last three months, sales were 7…  For the same time last year, the sales were 12.  The segment is weak, but we can’t call a trend… three months ago it was looking stronger and it looks a little stronger again… at least stronger than it was.

The range from $800k to $1m, there are 11 homes listed and 33 months of inventory on the market.  There were only been 4 sales at this price level last year (1 each in January, April, May and December) and one for April this year.  This is a tough segment to try to sell in right now.

In Suwanee, GA, Above $1m, there are 27 properties listed. The current absorption rate indicated about 13.5 months of inventory, but because of the smaller numbers of sales, this could be significantly impacted by just a couple of sales.  Again, we can thank reduced inventory for making the market look healthier (4 sales in Mar-May this year and 6 last year).  But, in this segment, we should be seeing reduced inventories…  There were 33 homes listed in this segment at this time last year. There were 2 sales for June.

Suwanee, GA is a suburb of Atlanta in Gwinnett, Forsyth and (just a little bit) in Fulton Counties. The population is 2000 was 8,725, but that only included the area inside the city limits, and it had seen tremendous growth since that census.  Money Magazine rated Suwanee in the “Top 10 Best Places to Live” in 2007, and it is one of the wealthiest parts of Georgia. Recently, the City of Suwanee has revamped their old town, adding a large park with a bandshell, condos, town homes and small businesses. It is also home to North Gwinnett High School, Peachtree Ridge and Collins Hill. I have a page dedicated to Suwanee Market Data.

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Photo Friday… Garage Sale Time…

Friday, 01 July 2011 06:15
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Garage sale

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We all do it from time to time…  We get rid of stuff.  Some of it we might donate to a shelter or some worthy cause, other stuff might just find its way to the trash.  And then there is that stuff which finds its way into a garage sale (I like to call the “Neighborhood Junk Re-Allocation Events).

For us, it seems like it is about once every other year that we have a sale and then donate the remnants, alnog with a few choice things that we would rather donate than sell.

We did one just before we moved (about two months ago)… and after moving, and diving into boxes we had just plain forgotten about, we are doing it again.

Part of the reason is the large amount of stuff my mom asked me to get rid of… Coca-Cola collectibles as well as some sports memorabilia and some other odds and ends.

We’ll be having our sale on Friday and Saturday, July 1st and 2nd, 2011, at a friend’s house.  If you are in the Suwanee/Sugar Hill/Buford area, look for our signs near Buford Highway and Old Suwanee Rd.  We’ll be running the sale from around 8am until 2pm each day… or so.

[BTW, the picture is NOT our garage sale…)

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Suwanee, GA, Market Report, May 2011

Thursday, 30 June 2011 08:42
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Market stats for Suwanee, GA, May, 2011 indicate that there are 640 properties on the market. Overall, there is about an 8.9 month supply of properties.  April sales were up (75), and May continued the trend, although with 88 sales, it was close to flat compared to 2010 (84).  inventory was down slightly compared to 2010.

In the Under $200k arena, there are 184 listings in Suwanee, GA, with about a 6.5 month supply.  In June, there was a 4.8 month supply.  May sales were ok, at 29.  Last month was VERY strong (37) and last May there were 28.  This might be the strongest current segment in Gwinnett County.

Between $200k and $400k, there are 310 listings for sale, and 9.0 months of supply.  Sales in May 2011 were 45, compared with 38 for the same period in 2010.  Pretty strong, and with the decrease in listings, the Absorption Rate (AR) got a good bit better.  So far this year, only February had posted better sales than 2010, and that was just barely.

From $400k to $600k, there are 87 homes on the market. The absorption rate is at 14.5 months.  There were 10 sales this year (May)… down from 11 last year.  Even looking at the three month average, there were 18 sales this year and 27 for the same period last year.  The only good part is that listings are down slightly, and would normally be rising at this time of the year.

In the $600k to $800k arena, there are 25 listings, with about a 15 month supply.  Sales at this level are not consistent, but there were 2 this month.  Looking at one month makes the numbers jump.  For the last three months, sales were 5…  For the same time last year, the sales were 14.  The segment is weak, but we can’t call a trend… three months ago it was looking stronger and it looks stronger again… largely because of the decline of listings.

The range from $800k to $1m, there are 12 homes listed and 3 years of inventory on the market.  There were only been 4 sales at this price level last year (1 each in January, April, May and December) and one for April this year.  This is a tough segment to try to sell in right now.

In Suwanee, GA, Above $1m, there are 22 properties listed. The current absorption rate indicated about 16.5 months of inventory, but because of the smaller numbers of sales, this could be significantly impacted by just a couple of sales.  Again, we can thank reduced inventory for making the market look healthier (4 sales in Mar-May this year and 6 last year).  But, in this segment, we should be seeing reduced inventories…  There were 33 homes listed in this segment at this time last year. There were 2 sales for May.

Suwanee, GA is a suburb of Atlanta in Gwinnett, Forsyth and (just a little bit) in Fulton Counties. The population is 2000 was 8,725, but that only included the area inside the city limits, and it had seen tremendous growth since that census.  Money Magazine rated Suwanee in the “Top 10 Best Places to Live” in 2007, and it is one of the wealthiest parts of Georgia. Recently, the City of Suwanee has revamped their old town, adding a large park with a bandshell, condos, town homes and small businesses. It is also home to North Gwinnett High School, Peachtree Ridge and Collins Hill. I have a page dedicated to Suwanee Market Data.

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The Gwinnett County Market is a Little Weird Right Now…

Thursday, 09 June 2011 08:46
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DSCN0561
Image by lane.bailey via Flickr

I have been pulling Gwinnett County Real Estate Market Data, and I’m not done with it yet.  But, I have been seeing a few things.

  • Listings are down markedly from where they would normally be.  This can be either a positive or negative, depending on your outlook.
    • On the Plus Side, fewer listings means that Absorption Rates are better.  There is less inventory to get sold… it tilts the table back toward sellers.  It has been largely tilted toward buyers for quite a while.
    • On the Minus Side, it shows that there is pessimism in the market on the side of sellers.  They aren’t confident about the market.  That lack of confidence has carried over to buyers… sales are also slowing.
  • Sales are down… like I just mentioned.  Even though Absorption Rates make the market look better… the sales just aren’t there.
  • Results are mixed.  There are a few cities that are doing well… and there are a few price segments that are doing quite well.  Others are VERY weak.
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