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?
Image via Wikipedia
Market stats for Lawrenceville, GA, January, 2013, indicate that there were 683 properties on the market, down 7 from last month. Overall, there was about a 3.5 month supply of properties. 
In 2012, sales for January were at 213, so 166 sales was a big decrease, year over year. Last month’s sales were at 215. Coupled with the decrease in inventory, things are still looking pretty good. Normally the market picks up from January-Feruary through about June-August. This month we are OK, but some are arguing that constrained inventories are still holding back sales or we could be looking even better.
For Lawrenceville, GA, Homes Under $200k, there are 543 listings, with about a 3.1 month supply of homes. Sales were down from January, 2012 (154 v 205), although sales may very well be off because of constrained inventories. Last year in this segment, there were almost 1000 listings v under 600 now. This segment is easily the lion’s share of sales for the area. With the 3.04 month A/R, it is solidly in Seller’s Market territory. The low Absorption Rate (AR) is due to very strong sales, coupled with dramatically lower listing inventories. Month over month sales were down from 191 in December.
Between $200k and $400k, there are 123 listings for sale, and about 7.5 months of supply. Oddly, this had one of the mid-pack segments in the county, now it’s on the weak side. The 11 sales for January, 2013 edged the 7 from last year, but was very weak compared to the 21 sales last month. But, we had been close in Buyer’s Market territory here, but have slipped back to Seller’s Market territory.
From $400k to $600k, there are 11 homes on the market. The absorption rate is around 6.6 months. However, with the level of sales in this segment, a couple of sales added or subtracted can have a HUGE impact. There was 1 sale for January, the Absorption Rate has dropped from 78 months June11, through good, but sporadic sales. This is acting like a luxury market and the A/R is jumping all over the place… with just a few sales (A/R was 34 nine months ago). While the long term trend was looking a little better, now it is still pretty choppy.
Between $800k and $1M, and Above $1M there are 2 homes listed (combined) and not enough sales data to give an accurate absorption rate. Until this month, there had only been one sale in this range in the last 3 years (Aug, 2010), according to FMLS. But, there was 1 sale in July, but none in August. It was over $1M, if that makes a difference…
Lawrenceville is in Gwinnett County, GA, just outside of Atlanta. As of the 2000 Census, there were 22,937 people in Lawrenceville, but that is only including people in the city limits, and there has been a lot of growth since 2000 in Gwinnett County (2008 estimates from the Census Bureau peg population around 29,000). It was incorporated in 1821. Lawrenceville is home to Central Gwinnett High School, and also has students that the Mountain View and Archer clusters. It is also home to Gwinnett Technical College and Georgia Gwinnett College. Another recent addition to Lawrenceville is that it is home to the Gwinnett Braves, playing at the Gwinnett Stadium on GA20 between I-85 and GA316. Possibly the most famous resident of Lawrenceville was Oliver Hardy. As a small boy he lived in Lawrenceville with his parents for a short time. Lawrenceville was also home to Junior Samples. Some of its other residents included Jeff Francouer, Brian McCann and Jennifer Ferrin.
I have a page dedicated to Lawrenceville Market Data.
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.
Image via Wikipedia
Market stats for Lawrenceville, GA, December, 2012, indicate that there were 690 properties on the market, down 85 from last month. Overall, there was about a 3.1 month supply of properties. 
In 2011, sales for December were at 264, so 215 sales was a decrease, year over year. Last month’s sales were at 208. Coupled with the decrease in inventory, things are still looking pretty good. Normally the market picks up from January-Feruary through about June-August. This month we are OK, but some are arguing that constrained inventories are still holding back sales or we could be looking even better.
For Lawrenceville, GA, Homes Under $200k, there are 561 listings, with about a 2.8 month supply of homes. Sales were down from December, 2011 (191 v 247), although sales may very well be off because of constrained inventories. Last year in this segment, there were almost 1100 listings v just over 600 now. This segment is easily the lion’s share of sales for the area. With the 2.78 month A/R, it is solidly in Seller’s Market territory. The low Absorption Rate (AR) is due to very strong sales, coupled with dramatically lower listing inventories. Month over month sales were up a little from 189 in November.
Between $200k and $400k, there are 114 listings for sale, and about 6.1 months of supply. Oddly, this had one of the mid-pack segments in the county, now it’s on the weak side. The 21 sales for December, 2012 edged the 16 from last year, but did ok compared to the 18 sales last month. But, we had been close in Buyer’s Market territory here, but have slipped back to Balanced Market territory.
From $400k to $600k, there are 9 homes on the market. The absorption rate is around 4.5 months. However, with the level of sales in this segment, a couple of sales added or subtracted can have a HUGE impact. There were 2 sales for December, the Absorption Rate has dropped from 78 months last June, through good, but sporadic sales. This is acting like a luxury market and the A/R is jumping all over the place… with just a few sales (A/R was 33 seven months ago). While the long term trend was looking a little better, now it is still pretty choppy.
Between $800k and $1M, and Above $1M there are 2 homes listed (combined) and not enough sales data to give an accurate absorption rate. Until this month, there had only been one sale in this range in the last 3 years (Aug, 2010), according to FMLS. But, there was 1 sale in July, but none in August. It was over $1M, if that makes a difference…
Lawrenceville is in Gwinnett County, GA, just outside of Atlanta. As of the 2000 Census, there were 22,937 people in Lawrenceville, but that is only including people in the city limits, and there has been a lot of growth since 2000 in Gwinnett County (2008 estimates from the Census Bureau peg population around 29,000). It was incorporated in 1821. Lawrenceville is home to Central Gwinnett High School, and also has students that the Mountain View and Archer clusters. It is also home to Gwinnett Technical College and Georgia Gwinnett College. Another recent addition to Lawrenceville is that it is home to the Gwinnett Braves, playing at the Gwinnett Stadium on GA20 between I-85 and GA316. Possibly the most famous resident of Lawrenceville was Oliver Hardy. As a small boy he lived in Lawrenceville with his parents for a short time. Lawrenceville was also home to Junior Samples. Some of its other residents included Jeff Francouer, Brian McCann and Jennifer Ferrin.
I have a page dedicated to Lawrenceville Market Data.
Image via Wikipedia
Market stats for Lawrenceville, GA, November, 2012, indicate that there were 775 properties on the market, down 19 from last month. Overall, there was about a 3.4 month supply of properties. 
In 2011, sales for November were at 233, so 208 sales was a decrease, year over year. Last month’s sales were at 247. Coupled with the decrease in inventory, things are still looking pretty good. Normally the market picks up from January through about June-August. This month we are OK, but some are arguing that constrained inventories are still holding back sales or we would be looking even better.
For Lawrenceville, GA, Homes Under $200k, there are 627 listings, with about a 3.0 month supply of homes. Sales were down from November, 2011 (189 v 216), although sales may very well be off because of constrained inventories. Last year in this segment, there were almost 1100 listings v just over 600 now. This segment is easily the lion’s share of sales for the area. With the 2.97 month A/R, it is solidly in Seller’s Market territory. The low Absorption Rate (AR) is due to very strong sales, coupled with dramatically lower listing inventories. Month over month sales were down from 226 in October.
Between $200k and $400k, there are 129 listings for sale, and about 8.1 months of supply. Oddly, this had one of the mid-pack segments in the county, now it’s on the weak side. The 17 sales for November, 2012 edged the 13 from last year, but and faded compared to the 18 sales last month. But, we had been close to Balanced Market territory here, but have slipped back to Buyer’s Market territory.
From $400k to $600k, there are 12 homes on the market. The absorption rate is around 5.1 months. However, with the level of sales in this segment, a couple of sales added or subtracted can have a HUGE impact. There were 2 sales for November, the Absorption Rate has dropped from 78 months last June, through good, but sporadic sales. This is acting like a luxury market and the A/R is jumping all over the place… with just a few sales (A/R was 33 six months ago). While the long term trend was looking a little better, now it is still pretty choppy.
Between $800k and $1M, and Above $1M there are 3 homes listed (combined) and not enough sales data to give an accurate absorption rate. Until this month, there had only been one sale in this range in the last 3 years (Aug, 2010), according to FMLS. But, there was 1 sale in July, but none in August. It was over $1M, if that makes a difference…
Lawrenceville is in Gwinnett County, GA, just outside of Atlanta. As of the 2000 Census, there were 22,937 people in Lawrenceville, but that is only including people in the city limits, and there has been a lot of growth since 2000 in Gwinnett County (2008 estimates from the Census Bureau peg population around 29,000). It was incorporated in 1821. Lawrenceville is home to Central Gwinnett High School, and also has students that the Mountain View and Archer clusters. It is also home to Gwinnett Technical College and Georgia Gwinnett College. Another recent addition to Lawrenceville is that it is home to the Gwinnett Braves, playing at the Gwinnett Stadium on GA20 between I-85 and GA316. Possibly the most famous resident of Lawrenceville was Oliver Hardy. As a small boy he lived in Lawrenceville with his parents for a short time. Lawrenceville was also home to Junior Samples. Some of its other residents included Jeff Francouer, Brian McCann and Jennifer Ferrin.
I have a page dedicated to Lawrenceville Market Data.
