Not Found lilburn | Garage with a Detached Home | Gwinnett County GA

LaneBailey.com

Garage with a Detached Home

Contact Lane

  • Custom Listings

    Sign up to get notified when new listingscome on the market that meet your specs.

    Read More

  • Browse Listings

    Take a look at what is currently on the market in the areas that interest you.

    Read More

  • What's YOUR Home Worth?

    Get a free Maximum Price Analysis to find out the current market value of your home.

    Read More
  • 1

Follow Me on Pinterest

Tag Archives: lilburn

Lilburn, GA Market Report, August 2012

Wednesday, 23 January 2013 12:00
Written by
0 Comments
This map shows the incorporated and unincorpor...

This map shows the incorporated and unincorporated areas in Gwinnett County, Georgia, highlighting Lilburn in red. It was created with a custom script with US Census Bureau data and modified with Inkscape. (Photo credit: Wikipedia)

Market stats for Lilburn, GA, August, 2012, indicate that there were 272 properties on the market. Overall, there was about an 3.7 month supply of properties and 64 properties that closed (sold) in August. It was a huge increase from last year’s sales (48) but a decrease from July(82 sales). The Absorption Rate notched down slightly. Lilburn had been among the weakest of Gwinnett County, GA, cities I track. But, at 3.66 months of inventory, it is downright 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 193 listings, with about an 3.2 month supply with 55 sales. This represents most of the sales in the market area. Sales decreased a bit from last month (61), and were also up from last year (37). 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 3.2 months of inventory, with a few months of similar stats, we’re there.

Between $200k and $400k, there are 70 listings for sale, and about 5.5 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.  But it would be hard to follow up last month. There were 7 sales compared to 20 last month and 11 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. Last month was quite strong. April was strong…

From $400k to $600k, there are just 5 homes on the market. The absorption rate is 3.75 months. There were 2 sales in August. Poised for a comeback, but the 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 Feb12). If we can keep up a sale each month on average, this one will be back.  Right now, low listings numbers give the appearance of strong activity.

From $600k to $800k, $800k to $1M and Above $1M, there are 4 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…

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.

Atlanta Metro Zillow Home Value Index

I have a page dedicated to Lilburn Market Data.

Related articles
Enhanced by Zemanta

Buying More Affordable Than Renting in Atlanta?

Wednesday, 18 July 2012 08:00
Written by
0 Comments
Image representing Trulia as depicted in Crunc...

Image via CrunchBase

Trulia maintains a database of costs for rentals as well as listings for buying.  This allows them to compare the costs of both in various markets around the country…  And Atlanta is currently listed as one of the markets where Buying is Cheaper than Renting!

In addition to the costs, they look at Employment Growth, Vacancy Rates and Price Drops.  Because of the reasonably low vacancy rates, flat employment growth and big price drops, Atlanta scored well into the Buy side…

Check it out on Trulia’s blog.

Related articles
Enhanced by Zemanta

Lilburn, GA Market Report, June 2012

Monday, 16 July 2012 08:00
Written by
1 Comment
This map shows the incorporated and unincorpor...

This map shows the incorporated and unincorporated areas in Gwinnett County, Georgia, highlighting Lilburn in red. It was created with a custom script with US Census Bureau data and modified with Inkscape. (Photo credit: Wikipedia)

Market stats for Lilburn, GA, June, 2012, indicate that there were 284 properties on the market (as of June 30th).  Overall, there was about an 4.1 month supply of properties and 77 properties that closed (sold) in June.  It was a huge increase from last year’s sales (63) and an increase from May (68 sales).  The Absorption Rate notched down a good bit.  Lilburn had been among the weakest of Gwinnett County, GA, cities I track.  But, at 4.06 months of inventory, it is downright 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 199 listings, with about an 3.4 month supply with 65 sales.  This represents most of the sales in the market area.  Sales increased a bit from last month (59), and were also up from last year (48).  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 3.4 months of inventory, with a few months of similar stats, we’re there.

Between $200k and $400k, there are 74 listings for sale, and about 6.7 months of supply.  This segment had been quite weak for months, and had stalled a little, but came back with a vengeance.  It is stalling a bit again.  There were 11 sales compared to 8 last month and 14 last year.  Lilburn has never been seen as a luxury market, but this number is not bad.  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.  This month was quite strong, last wasn’t.  The month before was strong… and the one before that, not.

From $400k to $600k, there are just 7 homes on the market.  The absorption rate is 10.5 months. There was 1 sale in June.  Poised for a comeback, but the 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 Feb12).  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 4 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…

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 that 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.

Atlanta Metro Zillow Home Value Index

I have a page dedicated to Lilburn Market Data.

Related articles
Enhanced by Zemanta

Lilburn, GA Market Report, May 2012

Wednesday, 20 June 2012 08:00
Written by
0 Comments
This map shows the incorporated and unincorpor...

This map shows the incorporated and unincorporated areas in Gwinnett County, Georgia, highlighting Lilburn in red. It was created with a custom script with US Census Bureau data and modified with Inkscape. (Photo credit: Wikipedia)

Market stats for Lilburn, GA, May, 2012, indicate that there were 306 properties on the market (as of May 31st).  Overall, there was about an 5.0 month supply of properties and 68 properties that closed (sold) in May.  It was a huge increase from last year’s sales (54) and an increase from April (65 sales).  The Absorption Rate notched down a good bit.  Lilburn had been among the weakest of Gwinnett County, GA, cities I track.  But, at 4.99 months of inventory, it is downright 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 212 listings, with about an 4.2 month supply with 59 sales.  This represents most of the sales in the market area.  Sales increased a bit from last month (51), and were also up from last year (41).  While the Absorption Rate isn’t as low as many other areas, sales are strong, and I’m still pulling for a comeback for Lilburn.  At 4.2 months of inventory, I’d say with a few months of similar stats, we’re there.

Between $200k and $400k, there are 82 listings for sale, and about 8.0 months of supply.  This segment had been quite weak for months, and had stalled a little, but came back with a vengeance.  It is stalling a bit again.  There were 8 sales compared to 14 last month and 11 last year.  Lilburn has never been seen as a luxury market, but this number isn’t terrible.  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 was strengthening, just not as consistently as I’d like.

From $400k to $600k, there are just 7 homes on the market.  The absorption rate is 10.5 months.  There was 1 sale in May.  Poised for a comeback, but the 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 Feb12).  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 5 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…

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 that 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.

Atlanta Metro Zillow Home Value Index

I have a page dedicated to Lilburn Market Data.

Related articles
Enhanced by Zemanta

A Perfect Storm for “Move-Up Buyers”?

Wednesday, 30 May 2012 08:00
Written by
1 Comment

Interest rates are at historic lows… leading to incredible affordability.

Picture of the

Picture of the "Gingerbread House" in Essex, Connecticut, USA (Photo credit: Wikipedia)

Entry level inventories are at historic lows… leading to some price strength at base price levels.

Still some weakness at some “move-up” price levels… leading to great deals on homes at those price levels.

For a while now, many of us in the real estate world have been saying two things.  First, until jobs come back and people feel secure, real estate would struggle.  Second, the market wouldn’t come back until “move-up” buyers were in a position to make a move.

I don’t know that the majority of consumers are “comfortable” with their job situation, but when they are, the deals will start to dry up.  Those that get off the fence early will have the best choice of bargains… and inventories are actually dropping.

Move-up buyers had been somewhat locked into their homes with crappy resale values.  They couldn’t afford to move out and be in a position to put anything down on another house.  But now that there is a bit of stability in in the entry level, more of those buyers ARE able to sell and move up the market.

 

If you want to see if you are in a position to trade up, give me a call.  Lane Bailey 678-200-5895.

Copyright © 2009 - 2019 Garage with a Detached Home | Gwinnett County GA. All Rights Reserved. Created by Blog Copyright.