Tag Archives: buford

Check out the New Walk Score feature

Friday, 24 July 2015 21:41

Written by Lane Bailey

3 Comments

We’ve just dropped a new feature into LaneBailey.com… Walk Score.

You can enter an address and see how “walkable” the neighborhood is. alternately, you can check out commute options from the address to your work address. It will tell you if there is a transit route, bike route or walking path… as well as the time for each (if available).

It is a great way to check out another dimension of properties that you may be interested in… so, search out a home you like and then see what is available for getting to work or around the neighborhood.

Here is our Walk Score page…

Enjoy

What About New Construction…

Friday, 20 June 2014 12:11

Written by Lane Bailey

0 Comments

Over the last few days, I decided to drop into a couple of North Gwinnett County’s newest subdivisions. I wanted to get a feel for how sales have been going.

The first subdivision has been in pre-sale since December. They really didn’t start pushing sales until early January, though. I saw about 87 lots, with 17 of them marked as sold. Their Model Home is up and ready to run (I was pressed for time, so I didn’t stop to see if it was actually open). There were homes being built on at least half a dozen lots. Most of those were pre-sold, but there were a couple of that might have been spec homes (homes the builder was ordering so that there would be some standing inventory for buyers not wanting to wait on construction).

The other subdivision was a completely different story. Out of 51 lots, 26 of them were marked sold. The first home has yet to be completed. There is no onsite sales center. There are a few foundations going in and one home (presumably the sales center) is nearing completion, but probably a few weeks away from operational.

In the case of the first neighborhood, having around 20% of the lots pre-sold is fantastic. Before the boom that would have been a tough feat. During the crash, it was obviously impossible. But to have over 50% of the lots sold before even having a sales center on-site is incredible.

If you are looking in the North Gwinnett area… especially in the North Gwinnett High School cluster, you need to give me a call. There is some great builder activity as well as some really nice resale homes on the market. There are a few standing inventory new homes to be found as well. But things are picking up… that means rising prices and fewer choices.

I’m working at finding some new resales to get on the market as well. If you have a home you are thinking about selling, please give me a call. I can’t seem to keep my listings on the market long enough…

Buford, GA, Market Report, August 2013

Monday, 23 September 2013 09:21

Written by Lane Bailey

1 Comment

Market stats for Buford, GA, August, 2013 indicate that there were 340 properties on the market, an increase of 8 from last month. Overall, there was about an 4.2 month supply of properties (Absorption Rate or A/R). There were 86 sales for August, up from 80 last month and from the 80 sales last Aug12. It isn’t the strongest market in Gwinnett, but the A/R is nothing to sneeze at. It is still in Seller’s Market territory.

DSCN0574 (Photo credit: lane.bailey)

In the sub-$200k arena, there were 108 listings, with a 2.4 month supply. This was the largest price segment in this market area, so strength here usually equaled strength across the whole local market area. Sales were up from last month 49 (v 42 last month), and flat compared to last year (49 sales in Aug12). But, the A/R is well under the 6 months that would be considered fairly balanced… pointing towards a solid seller’s market. This time of year we are usually seeing an increase is sales… and listings.

Between $200k and $400k, there were 160 listings for sale, and about 5.2 months of supply. The 29 sales recorded were down from the 31 last month and down from the 31 sales last year for August. This had been one of the weaker segments in the county, but had improved dramatically until a few months ago it was fairly balanced, though tilted towards buyers… now it is a little less into Seller’s Market territory.

From $400k to $600k, there were 46 homes on the market. The absorption rate is 9.2 Months. There have been 15 sales in the last 3 months (2 for June, 6 for July and 7 in August). When the market is rolling, there should be 5-7 sales a month during this part of the year. Just for comparison, there were 6 sales in the Jun-Aug period in 2012. This segment has been bouncing all over the place, though… (as a note, the A/R was 17.25 last month).

In the $600k to $800k arena, there were 10 listings. Absorption Rate is 30 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 9 had made things look less slow… but they are back on the rise. There was 0 sales in August last year and 0 in July this year. There were 0 sales in August this year.

The range from $800k to $1m, there were 4 homes listed. Trends are hardly definable. Listings are down. February was the last recorded sale. There was 0 sales in August. So it now has a 24.0 month Absorption Rate. (the decrease in listings is what dropped the A/R)

Above $1m, there were 12 properties listed. There was sale in the segment in April… of 2009…and then May, 2011… and 2 sales in June, 2011… also 1 in July and September, 2012. There was 1 sale in August. So, we have 18 months of inventory. I hope, but am not expecting, sales to be more consistent.

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 opened for the 2010-11 school year).

I have a page dedicated to Buford Market Data.

Buford, GA, Market Report, July 2013

Monday, 26 August 2013 09:33

Written by Lane Bailey

0 Comments

Market stats for Buford, GA, July, 2013 indicate that there were 332 properties on the market, an decrease of 7 from last month. Overall, there was about an 4.1 month supply of properties (Absorption Rate or A/R). There were 80 sales for July, up from 76 last month and down from the 84 sales last July12. It isn’t the strongest market in Gwinnett, but the A/R is nothing to sneeze at. It is still in Seller’s Market territory.

DSCN0574 (Photo credit: lane.bailey)

In the sub-$200k arena, there were 117 listings, with a 2.6 month supply. This was the largest price segment in this market area, so strength here usually equaled strength across the whole local market area. Sales were flat from last month 42 (v 42 last month), and well down compared to last year (53 sales in Jul12). But, the A/R is well under the 6 months that would be considered fairly balanced… pointing towards a solid seller’s market. This time of year we are usually seeing an increase is sales… and listings.

Between $200k and $400k, there were 145 listings for sale, and about 4.4 months of supply. The 31 sales recorded were down from the 32 last month and up from the 26 sales last year for July. This had been one of the weaker segments in the county, but had improved dramatically until a few months ago it was fairly balanced, though tilted towards buyers… now it is further into Seller’s Market territory.

From $400k to $600k, there were 46 homes on the market. The absorption rate is 17.3 Months. There have been 8 sales in the last 3 months (0 for May, 2 for June and 6 for July). When the market is rolling, there should be 5-7 sales a month during this part of the year. Just for comparison, there were 13 sales in the May-Jul period in 2012. This segment has been bouncing all over the place, though…

In the $600k to $800k arena, there were 9 listings. Absorption Rate is 27 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 9 had made things look less slow… but they are back on the rise. There was 0 sales in July last year and 0 in June this year. There were 0 sales in July this year.

The range from $800k to $1m, there were 3 homes listed. Trends are hardly definable. Listings are down. February was the last recorded sale. There was 0 sales in July. So it now has a 18.0 month Absorption Rate. (the decrease in listings is what dropped the A/R)

Above $1m, there were 12 properties listed. There was sale in the segment in April… of 2009…and then May, 2011… and 2 sales in June, 2011… also 1 in July and September, 2012. There was 1 sale in July. So, we have 36 months of inventory. I hope, but am not expecting, sales to be more consistent.

I have a page dedicated to Buford Market Data.

Atlanta Metro Zillow Home Value Index

Atlanta Metro Home Values – Interactive chart

Buford, GA, Market Report, June 2013

Monday, 29 July 2013 09:38

Written by Lane Bailey

0 Comments

Market stats for Buford, GA, June, 2013 indicate that there were 3239 properties on the market, an increase of 15 from last month. Overall, there was about an 4.0 month supply of properties (Absorption Rate or A/R). There were 76 sales for June, down from 88 last month and well down from the 102 sales last June12. It isn’t the strongest market in Gwinnett, but the A/R is nothing to sneeze at. It is still in Seller’s Market territory.

In the sub-$200k arena, there were 127 listings, with a 2.7 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 down from last month 42 (v 52 last month), and well down compared to last year (68 sales in June12). But, the A/R is well under the 6 months that would be considered fairly balanced… pointing towards a solid seller’s market. This time of year we are usually seeing an increase is sales… and listings.

Between $200k and $400k, there were 137 listings for sale, and about 4.1 months of supply. The 32 sales recorded were down from the 35 last month and up from the 29 sales last year for June. This had been one of the weaker segments in the county, but had improved dramatically until a few months ago it was fairly balanced, though tilted towards buyers… now it is further into Seller’s Market territory.

From $400k to $600k, there were 50 homes on the market. The absorption rate is 16.7 Months. There have been 9 sales in the last 3 months (7 for April, 0 for May and 2 for June). When the market is rolling, there should be 5-7 sales a month during this part of the year. Just for comparison, there were 15 sales in the Apr-Jun period in 2012. This segment has been bouncing all over the place, though…

In the $600k to $800k arena, there were 7 listings. Absorption Rate is 21 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 7 had made things look less slow… but they are back on the rise. There was 1 sale in June last year and 1 in May this year. There were 0 sales in June this year.

The range from $800k to $1m, there were 4 homes listed. Trends are hardly definable. Listings are down. February was the last recorded sale. There was 0 sales in June. So it now has a 24.0 month Absorption Rate.

Above $1m, there were 14 properties listed. There was sale in the segment in April… of 2009…and then May, 2011… and 2 sales in June, 2011… also 1 in July and September, 2012. There was 0 sales in June. So, we have 42 months of inventory. I hope, but am not expecting, sales to be more consistent.