Tag Archives: lilburn

Lilburn, GA Market Report, August, 2013

Friday, 04 October 2013 09:29

Written by Lane Bailey

0 Comments

Market stats for Lilburn, GA, August, 2013, indicate that there were 199 properties on the market, down 10 from last month. Overall, there was about an 3.5 month supply of properties and 59 properties that closed (sold) in August. It was a decrease from last year’s sales (64) and a huge drop compared to July’s (71 sales). The Absorption Rate notched down slightly. Lilburn had been among the weakest of Gwinnett County, GA, cities I track. But, at 3.45 months of inventory, it is fairly strong now. Six months is considered balanced, lower is a seller’s market and higher is a buyer’s market.

BAPS Swaminarayan Mandir Lilburn, Atlanta, America’s costliest Hindu Temple, made completely out of White marble. (Photo credit: Wikipedia)

In the sub-$200k arena, there were 118 listings, with about an 3.0 month supply with 38 sales. This represents most of the sales in the market area. Sales were way down from last month (48), and down from last year (55). While the Absorption Rate isn’t as low as many other areas, sales are strong, and I’m think we are in a comeback for Lilburn.

Between $200k and $400k, there are 69 listings for sale, and about 4.4 months of supply. This segment had been quite weak for months, and had stalled a little, but came back with a vengeance… only to stall a bit again. There were 17 sales compared to 19 last month and 7 last year. Lilburn has never been seen as a luxury market. The decrease in listings had really helped, but they have started to rise again. I’m still not as confident about this portion of the Lilburn market coming back quite yet… It is strengthening, just not as consistently as I’d like… We are barely back in Seller’s Market territory.

From $400k to $600k, there are just 10 homes on the market. The absorption rate is 3.8 months. There was 4 sales in August. Poised for a comeback, but an increase in listings and weak sales don’t give the right ingredients for that to happen. To start with, we can’t have 7 month blank spots in sales (none from Aug11 through Mar12). If we can keep up a sale each month on average, this one will be back. We have a good start… and seeing the A/R drop from 3 YEARS to under 4 months in just two months is pretty nice.

From $600k to $800k, $800k to $1M and Above $1M, there is 2 listings (combined), but too few sales to have any sort of reliable number of months of inventory. The listing between $800k and $1M, and there is no market activity in the last 12 months for any of those ranges…

Lilburn is in Gwinnett County, GA, just outside of Atlanta. As of the 2000 Census, there were 11,307 people in Lilburn, but that is only including people in the city limits, and there has been a lot of growth since 2000 in Gwinnett County. It was incorporated in 1910. Lilburn is home to Parkview High School, and also has students in the Brookwood, Berkmar and Meadowcreek clusters. It is also home to Killian Hill Christian School, Providence Chrisian Academy, St. John Neumann Catholic School and Parkview Christian School. Possibly the most famous resident of Lilburn is General Beauregard Lee, a groundhog with a better winter prediction record that Puxatawnee Phil up in PA. Dominique Wilkins, formerly of the Atlanta Hawks also lives in Lilburn.

Lilburn, GA Market Report, July, 2013

Friday, 13 September 2013 10:46

Written by Lane Bailey

0 Comments

Market stats for Lilburn, GA, July, 2013, indicate that there were 209 properties on the market, up 7 from last month. Overall, there was about an 3.6 month supply of properties and 71 properties that closed (sold) in July! It was a decrease from last year’s sales (84) but huge compared to June’s (43 sales). The Absorption Rate notched down slightly. Lilburn had been among the weakest of Gwinnett County, GA, cities I track. But, at 3.58months of inventory, it is fairly strong now. Six months is considered balanced, lower is a seller’s market and higher is a buyer’s market.

BAPS Swaminarayan Mandir Lilburn, Atlanta, America’s costliest Hindu Temple, made completely out of White marble. (Photo credit: Wikipedia)

In the sub-$200k arena, there were 119 listings, with about an 2.7 month supply with 48 sales. This represents most of the sales in the market area. Sales were way up from last month (32), and down from last year (61). While the Absorption Rate isn’t as low as many other areas, sales are strong, and I’m think we are in a comeback for Lilburn.

Between $200k and $400k, there are 77 listings for sale, and about 5.9 months of supply. This segment had been quite weak for months, and had stalled a little, but came back with a vengeance… only to stall a bit again. There were 19 sales compared to 11 last month and 20 last year. Lilburn has never been seen as a luxury market. The decrease in listings had really helped, but they have started to rise again. I’m still not as confident about this portion of the Lilburn market coming back quite yet… It is strengthening, just not as consistently as I’d like… We are barely back in Balanced Market territory.

From $400k to $600k, there are just 11 homes on the market. The absorption rate is 6.6 months. There was 4 sales in July. Poised for a comeback, but an increase in listings and weak sales don’t give the right ingredients for that to happen. To start with, we can’t have 7 month blank spots in sales (none from Aug11 through Mar12). If we can keep up a sale each month on average, this one will be back. We have a good start… and seeing the A/R drop from 3 YEARS to under 7 months on back to back months is pretty nice.

From $600k to $800k, $800k to $1M and Above $1M, there is 2 listing (combined), but too few sales to have any sort of reliable number of months of inventory. The listing between $800k and $1M, and there is no market activity in the last 12 months for any of those ranges…

Atlanta Metro Zillow Home Value Index

Atlanta Metro Home Values – Interactive chart

I have a page dedicated to Lilburn Market Data.

Lilburn, GA Market Report, June, 2013

Monday, 12 August 2013 08:45

Written by Lane Bailey

1 Comment

Market stats for Lilburn, GA, June, 2013, indicate that there were 202 properties on the market, up 8 from last month. Overall, there was about an 3.9 month supply of properties and 43 properties that closed (sold) in June. It was a huge decrease from last year’s sales (77) and from May’s (61 sales). The Absorption Rate notched down slightly. Lilburn had been among the weakest of Gwinnett County, GA, cities I track. But, at 3.94 months of inventory, it is strong now. Six months is considered balanced, lower is a seller’s market and higher is a buyer’s market.

In the sub-$200k arena, there were 121 listings, with about an 3.0 month supply with 32 sales. This represents most of the sales in the market area. Sales were down from last month (51), and down from last year (65). While the Absorption Rate isn’t as low as many other areas, sales are strong, and I’m think we are in a comeback for Lilburn.

Between $200k and $400k, there are 68 listings for sale, and about 6.4 months of supply. This segment had been quite weak for months, and had stalled a little, but came back with a vengeance… only to stall a bit again. There were 11 sales compared to 9 last month and 11 last year. Lilburn has never been seen as a luxury market. The decrease in listings had really helped, but they have started to rise again. I’m still not as confident about this portion of the Lilburn market coming back quite yet… It is strengthening, just not as consistently as I’d like… We are barely back in Buyer’s Market territory.

From $400k to $600k, there are just 12 homes on the market. The absorption rate is 36 months. There was 0 sales in June. Poised for a comeback, but an increase in listings and weak sales don’t give the right ingredients for that to happen. To start with, we can’t have 7 month blank spots in sales (none from Aug11 through Mar12). If we can keep up a sale each month on average, this one will be back. We’re a LONG way from that now.

From $600k to $800k, $800k to $1M and Above $1M, there is 1 listing (combined), but too few sales to have any sort of reliable number of months of inventory. The listing between $800k and $1M, and there is no market activity in the last 12 months for any of those ranges…

Atlanta Metro Zillow Home Value Index

Atlanta Metro Home Values – Interactive chart

I have a page dedicated to Lilburn Market Data.

Lilburn, GA Market Report, May, 2013

Monday, 08 July 2013 08:38

Written by Lane Bailey

1 Comment

Market stats for Lilburn, GA, May, 2013, indicate that there were 194 properties on the market, up 15 from last month. Overall, there was about an 3.4 month supply of properties and 61 properties that closed (sold) in May. It was a slight decrease from last year’s sales (68) and from April’s (50 sales). The Absorption Rate notched down slightly. Lilburn had been among the weakest of Gwinnett County, GA, cities I track. But, at 3.44 months of inventory, it is strong now. Six months is considered balanced, lower is a seller’s market and higher is a buyer’s market.

In the sub-$200k arena, there were 126 listings, with about an 2.8 month supply with 51 sales. This represents most of the sales in the market area. Sales were up from last month (38), and down from last year (59). While the Absorption Rate isn’t as low as many other areas, sales are strong, and I’m think we are in a comeback for Lilburn. At 2.84 months of inventory, with a few months of stats getting better, we’re there.

Between $200k and $400k, there are 57 listings for sale, and about 4.9 months of supply. This segment had been quite weak for months, and had stalled a little, but came back with a vengeance… only to stall a bit again. There were 9 sales compared to 12 last month and 8 last year. Lilburn has never been seen as a luxury market. The decrease in listings has really helped. I’m still not as confident about this portion of the Lilburn market coming back quite yet… It is strengthening, just not as consistently as I’d like. April was strong… We are in Seller’s Market territory.

From $400k to $600k, there are just 9 homes on the market. The absorption rate is 27 months. There was 1 sale in May. Poised for a comeback, but an increase in listings and weak sales don’t give the right ingredients for that to happen. To start with, we can’t have 7 month blank spots in sales (none from Aug11 through Mar12). If we can keep up a sale each month on average, this one will be back.

From $600k to $800k, $800k to $1M and Above $1M, there are 2 listings (combined), but too few sales to have any sort of reliable number of months of inventory. March posted the first sale since August, 2010. It was in the $600-$800k range. One of the listings is above $1M and one between $800k and $1M, and there is no market activity in the last 12 months for those ranges…

Atlanta Metro Zillow Home Value Index

Atlanta Metro Home Values – Interactive chart

I have a page dedicated to Lilburn Market Data.

Lilburn, GA Market Report, April, 2013

Friday, 07 June 2013 12:05

Written by Lane Bailey

3 Comments

Market stats for Lilburn, GA, April, 2013, indicate that there were 179 properties on the market, down 9 from last month. Overall, there was about an 3.5 month supply of properties and 50 properties that closed (sold) in April. It was a slight decrease from last year’s sales (65) and from March (58 sales). The Absorption Rate notched down slightly. Lilburn had been among the weakest of Gwinnett County, GA, cities I track. But, at 3.46 months of inventory, it is strong now. Six months is considered balanced, lower is a seller’s market and higher is a buyer’s market.

In the sub-$200k arena, there were 108 listings, with about an 2.7 month supply with 38 sales. This represents most of the sales in the market area. Sales were down a little from last month (44), and from last year (51). While the Absorption Rate isn’t as low as many other areas, sales are strong, and I’m think we are in a comeback for Lilburn. At 2.68 months of inventory, with a few months of stats getting better, we’re there.

Between $200k and $400k, there are 62 listings for sale, and about 5.6 months of supply. This segment had been quite weak for months, and had stalled a little, but came back with a vengeance… only to stall a bit again. There were 12 sales compared to 14 last month and 14 last year. Lilburn has never been seen as a luxury market. The decrease in listings has really helped. I’m still not as confident about this portion of the Lilburn market coming back quite yet… It is strengthening, just not as consistently as I’d like. July month was quite strong. April was strong… We are slightly in Seller’s Market territory.

From $400k to $600k, there are just 7 homes on the market. The absorption rate is 21 months. There were 0 sales in April. Poised for a comeback, but an increase in listings and weak sales don’t give the right ingredients for that to happen. To start with, we can’t have 7 month blank spots in sales (none from Aug11 through Mar12). If we can keep up a sale each month on average, this one will be back.

From $600k to $800k, $800k to $1M and Above $1M, there are 3 listings (combined), but too few sales to have any sort of reliable number of months of inventory. March posted the first sale since August, 2010. It was in the $600-$800k range. One of the listings is above $1M and one between $800k and $1M, and there is no market activity in the last 12 months for those ranges…