Tag Archives: buford

Buford, GA, Market Report, February 2013

Monday, 01 April 2013 11:17

Written by Lane Bailey

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Market stats for Buford, GA, February, 2013 indicate that there were 307 properties on the market, an increase of 22 from last month. Overall, there was about an 4.9 month supply of properties (Absorption Rate or A/R). There were 63 sales for February, up from 58 last month but down from the 64 sales last Jan12. 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 140 listings, with a 3.9 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 from last month 34 (v 32 last month), and well down compared to last year (40 sales in Jan12). 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 should start seeing an increase is sales… and listings.

Between $200k and $400k, there were 123 listings for sale, and about 5.1 months of supply. The 26 sales recorded were up from the 21 last month and from the 23 sales last year for February. This had been one of the weaker segments in the county, but had improved dramatically until last month it was fairly balanced, though tilted towards buyers… now it is slightly further into Seller’s Market territory.

From $400k to $600k, there were 32 homes on the market. The absorption rate is 12 Months. There have been 8 sales in the last 3 months (1 for December, 5 for January and 3 for February). When the market is rolling, there should be 4-7 sales a month during this part of the year. Just for comparison, there were 5 sales in the Dec-Feb period in 2011-12. This segment has been bouncing all over the place…

In the $600k to $800k arena, there were 4 listings. Absorption Rate is (again) 36+ 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 4 has made things look less slow… but there were 7 sales in this segment last year including 3 sales in March, 1 in June and 0 in February.

The range from $800k to $1m, there was 1 homes listed. Trends are hardly definable. Listings are down. June recorded the first sales since December, 2010. There was 1 sale in February. So it now has a 3.0 month Absorption Rate.

Above $1m, there were 7 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. There was 1 sale in October, but 0 sales in February. So, we have 21 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 will open for the 2010-11 school year).

I have a page dedicated to Buford Market Data.

Buford, GA, Market Report, March 2012 (lanebailey.com)

Atlanta Metro Zillow Home Value Index

Atlanta Metro Home Values – Interactive chart

Home Price Appreciation by State

Friday, 22 March 2013 12:20

Written by Lane Bailey

1 Comment

Last week I posted an infographic from Active Rain saying that Real Estate is Back… Here is another one from 29doors that makes it look like in Georgia, it isn’t so much. But, looking at the market reports for Gwinnett, as well as Case-Schiller numbers for the Atlanta statistical area, prices look to be up year over year by more than 9%. That tells me that there are some places in Georgia that are still pretty slammed. What do you think?

Buford, GA, Market Report, January 2013

Friday, 15 March 2013 09:14

Written by Lane Bailey

1 Comment

Market stats for Buford, GA, January, 2013 indicate that there were 285 properties on the market, an increase of 11 from last month. Overall, there was about an 4.4 month supply of properties (Absorption Rate or A/R). There were 58 sales for January, down from 67 last month but up from the 52 sales last Jan12. It isn’t the strongest market in Gwinnett, but the A/R is nothing to sneeze at. It is still solidly in Seller’s Market territory.

In the sub-$200k arena, there were 131 listings, with a 3.2 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 32 (v 41 last month), and well down compared to last year (42 sales in Jan12). But, the A/R is WAY under the 6 months that would be considered fairly balanced… pointing towards a solid seller’s market. This time of year I’m not terribly concerned about a little weakening.

Between $200k and $400k, there were 113 listings for sale, and about 5.5 months of supply. The 21 sales recorded were down from the 25 last month but way up from the 8 sales last year for January. This had been one of the weaker segments in the county, but had improved dramatically until last month it was fairly balanced, though tilted towards buyers… now it is slightly further into Seller’s Market territory.

From $400k to $600k, there were 27 homes on the market. The absorption rate is 13.5 Months. There have been 6 sales in the last 3 months (0 for November, 1 for December and 5 for January). When the market is rolling, there should be 3-5 sales a month during this part of the year. Just for comparison, there were 8 sales in the Nov-Jan period in 2011-12. This segment has been bouncing all over the place… but it is reasonable right now.

In the $600k to $800k arena, there were 5 listings. Absorption Rate is (again) 36+ 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 5 has made things look less slow… but there were 7 sales in this segment last year including 3 sales in March, 1 in June and 0 in January.

The range from $800k to $1m, there were 2 homes listed. Trends are hardly definable. Listings are down. June recorded the first sales since December, 2010. There were 0 sales in January. But it still has a 12.0 month Absorption Rate.

Above $1m, there were 7 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. There was 1 sale in October, but 0 sales in January. So, we have 21 months of inventory. I hope, but am not expecting, sales to be more consistent.

I have a page dedicated to Buford Market Data.

Buford, GA, Market Report, March 2012 (lanebailey.com)
Buford, GA, Market Report, February 2012 (lanebailey.com)

Atlanta Metro Zillow Home Value Index

Atlanta Metro Home Values – Interactive chart

Real Estate is Back… Here, too…

Thursday, 14 March 2013 08:28

Written by Lane Bailey

2 Comments

I have been saying it for a few months now… and it has been pretty apparent in the Gwinnett County area. Real Estate is back. This nifty infographic from Active Rain, where I am an Ambassador (I help other agents more effectively blog and such…) shows that agents across the country are really starting to feel confident that real estate is again strong.

As mentioned here during the depths of the down-turn, we wouldn’t really know that the market had turned until it was done. And just because I, and a few thousand of my real estate peers feel like real estate has returned to normal doesn’t mean that it can’t be derailed. But, for now…

Data provided by ActiveRain, the #1 social community for real estate professionals.

Buford, GA, Market Report, December 2012

Monday, 04 March 2013 10:00

Written by Lane Bailey

0 Comments

Market stats for Buford, GA, November, 2012 indicate that there were 274 properties on the market, a reduction of 48 from last month. Overall, there was about an 3.9 month supply of properties (Absorption Rate or A/R). There were 67 sales for December, down from 69 last month but well up from the 83 sales last Dec11. It isn’t the strongest market in Gwinnett, but the A/R is nothing to sneeze at. It is still solidly in Seller’s Market territory.

In the sub-$200k arena, there were 133 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 41 (v 50 last month), and well down compared to last year (53 sales in Dec11). But, the A/R is WAY under the 6 months that would be considered fairly balanced… pointing towards a solid seller’s market. This time of year I’m not terribly concerned about a little weakening.

Between $200k and $400k, there were 102 listings for sale, and about 5.3 months of supply. The 25 sales recorded were up from the 19 last month but flat from the 25 sales last year for December. This had been one of the weaker segments in the county, but had improved dramatically until last month it was fairly balanced, though tilted towards buyers… now it is back in Seller’s Market territory.

From $400k to $600k, there were 20 homes on the market. The absorption rate is 15.0 Months. There have been 4 sales in the last 3 months (3 for October, 0 for November and 1 for December). When the market is rolling, there should be 3-5 sales a month during this part of the year. Just for comparison, there were 10 sales in the Oct-Dec period in 2011. This segment has been bouncing all over the place… but it is pretty weak right now.

In the $600k to $800k arena, there were 7 listings. Absorption Rate is (again) 36+ 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 has made things look less slow… but there were 7 sales in this segment last year including 3 sales in March, 1 in June and 0 in December.

The range from $800k to $1m, there were 3 homes listed. Trends are hardly definable. Listings are down. June recorded the first sales since December, 2010. There were 0 sales in December. But it still has a 12.0 month Absorption Rate.

Above $1m, there were 9 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. There was 1 sale in October, but 0 sales in December. So, we have 27 months of inventory. I hope, but am not expecting, sales to be more consistent.