Not Found news | 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

  • What's YOUR Home Worth?

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

    Read More

  • Browse Listings

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

    Read More
  • 1

Follow Me on Pinterest

Tag Archives: news

Lilburn, GA Market Report, October 2010

Saturday, 20 November 2010 08:49
Written by
0 Comments
Lilburn, GA, October 7, 2009 -- The Gwinnett C...
Image via Wikipedia

Market stats for Lilburn, October, 2010, indicates that there are 444 properties on the market (as of October 31st). Overall, there is about a 10.7 month supply of properties.  Lilburn is actually mid-pack among cities in Gwinnett County.  Absorption Rates had been improving since March, until September.  In fact, in March there was 15.3 months of inventory.

In the sub-$200k arena, there are 278 listings, with about an 8.2 month supply.  This represents most of the sales in the market area, and reflects the same improvement in inventory levels, continuously since March, until October.  And, one other thing to keep in mind is that sales were strong compared to October 2009 (32 v 26).

Between $200k and $400k, there are 139 listings for sale, and about 24.5 months of supply. This segment has also been getting stronger each month since March, until last month.  There were only 2 sales in September 2010, compared to 11 last year and 6 in October v 18 in 2009.

From $400k to $600k, there are 21 homes on the market. The absorption rate is around 15.8 months. There  were no sales in this segment in May, June, July or October this year.  There were only 4 sales in August and September(combined).  Last summer was much stronger overall.  With just a few sales, just one or two can make a huge difference.

Above $600k, there are 6 listings, but too few sales to have any sort of reliable number of months of inventory.  There has been one sale in the last three months, but prior, there had only been a few other sales in 2010 (January, March and August).  One of the listings is above $800k, and there is no market activity in the last 12 months for that range…

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.

I have a page dedicated to Lilburn Market Data.

Related articles
Enhanced by Zemanta

Gwinnett County Market Preview

Tuesday, 16 November 2010 08:30
Written by
0 Comments
Age pyramid for Gwinnett County, Georgia, Unit...
Image via Wikipedia

I have been running Gwinnett County Market stats for the last couple of hours.  And the results are interesting, if not pretty…

For the county-wide numbers, I don’t have the most accurate numbers until a full month has passed.  That means that I have numbers for October, but they accurate numbers I have are for September.  The October numbers will likely change about a week into December.

I will have a full report with the segments broken out for Thursday.  But here are a couple of highlights…

  • Sales were down 22% for September… as much as 29% for October (year over year).
  • Pending sales (contracts, usually closed about 30-45 days later) were down 24% for Sept. and as much as 27% for Oct (year over year).
  • Listings were up 3.3% for September (bad news for sellers) and look to be down 3.3% for October (year over year).
  • Under $200k is slightly picking up steam… everything else is slowing… (absorption rates for October).
  • But sales are still actually down, year over year, for under $200k in Oct… but listings are down even more.
Related articles
Enhanced by Zemanta

Norcross, GA, Market Report, September 2010

Thursday, 11 November 2010 08:48
Written by
0 Comments
This map shows the incorporated and unincorpor...
Image via Wikipedia

Market stats for Norcross, August, 2010 indicate that there were 375 properties on the market. Overall, there is about a 8.3 month supply of properties. September sales were down v 2009 (43 v 55), but August was way up (52 v 43).  Overall, the market isn’t terrible here, looking back.

In the sub-$200k arena, there were 192 listings, with about 6.2 month supply.  Sales are way down from a year ago in this segment, which is the main driver of sales in this area.  But the segment is still looking pretty strong, despite the weakness in July and September.

Between $200k and $400k, there were 136 listings for sale, and about 12.4 months of supply.  Sales have been down and slowing for the last few months.  But September was up slightly (14 v 12 last year).  With the increase in inventory, I think October might be rough, too.

From $400k to $600k, there were 39 homes on the market. The absorption rate is around 13 months.  Sales have actually been strengthening since March (with a few ups and downs…), but much of the perception is from shrinking inventories.  Actual sales have been mostly decelerating.  I expect to see the numbers move the other way in the next few months.

In the $600k to $800k arena, there were 4 listings on the market.  Inventories have decreased as sales have increased compared to last year.  The absorption rate (three month average) is steady at 12 months of inventory… but with only 4 sales this year, obviously it is easy to bump one way or the other.

The range from $800k to $1m, there were 1 homes listed on the market and no sales… seemingly forever.

Above $1m, there were 3 properties listed.  But because of the smaller numbers of sales, the absorption rate could be significantly impacted by just a couple of sales.  There have been two sales in the last year (Nov 09 and Apr 10).

Norcross, GA is a suburb of Atlanta in Gwinnett County. The population is 2000 was 8,41, but that only included the area inside the city limits, and it has seen tremendous growth since that census. The City of Norcross revamped their old town a long time ago, and it has served as a model for other towns in the area. It is also home to Meadow Creek and Norcross High Schools. One of the things that Norcross is known for locally is the beautiful older homes in the downtown area. They have maintained their historic flair quite successfully.

I have a page dedicated to Norcross Market Data.

Related articles
Enhanced by Zemanta

Buford, GA, Market Report, September 2010

Tuesday, 09 November 2010 08:34
Written by
0 Comments
This map shows the incorporated and unincorpor...
Image via Wikipedia

Market stats for Buford, GA, September, 2010 indicate that there were 612 properties on the market. Overall, there was about an 14.3 month supply of properties.  Sales were down radically in July (19 v 71 for 2009), but August was back in the realm (57 v 61 for 2009).  September was slightly below last year (52 v 60 for 2009).  But the magic has been a little underwhelming since June.

In the sub-$200k arena, there were 316 listings, with a 11.9 month supply.  Sales for July were down by 70%.  There was actually one extra sale for August, but two less in September.  May was the best absorption rate of the year, and it has been going downhill ever since.

Between $200k and $400k, there were 233 listings for sale, and about  17.1 months of supply.  Again, July was the dog, with sales down by 75%.  August and September were also slightly down.  This is one of the weakest segments in the county (excluding the very high end of the market…).

From $400k to $600k, there were 39 homes on the market. The absorption rate is around 19.5 months.  This shouldn’t be acting like a high-end luxury segment, but it is.  There have been 6 sales in the last 3 months.  When the market is rolling, there should be 5-7 sales a month during this part of the year.

In the $600k to $800k arena, there were 8 listings.  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 to11 homes have made things look less slow… but there have been 2 sales in this segment since November… but one was in September.

The range from $800k to $1m, there were 3 homes listed. And with only 2 sales in the last year (Nov. 09 and Feb 10), obviously  trends are hardly definable.  At least listings are down by 50% compared to last month.

Above $1m, there were 13 properties listed.  The last sale in the segment was in April… of 2009… still…

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.

Related articles
Enhanced by Zemanta

Enter Realtor.com… New Android App

Monday, 08 November 2010 08:32
Written by
0 Comments

Realtor.com has introduced their new Android App for Google Andriod based mobile phones like the T-Mobile G2, Sprint EVO, Verizon Droid X and AT&T Captivate.

I have to say, it is pretty cool.  It is ‘location aware’, so it can search for listings and open houses that are nearby.  It can also do a host of other things, such as filtering listings by price, amenities, size, bedrooms/bathrooms, etc.  It can also share listings with family and friends… and it syncs to your Realtor.com account so that you can share listings and notes between your computer and phone.

QR code for Realtor.com Android app

Scan this with your Android phone

The Android App also does a few things that are unique to it… such as viewing the listing and its surroundings on Google Street View and save voice memos.  You can also ‘dictate’ an email to your agent, and notes right on the listing page.

Android is the up and coming platform for mobile phones.  It is the fastest growing platform, and is nipping at the heels of the iPhone… which is flat in its growth.

Here is the QR code if you want to go straight to downloading the app.  And here is a link to the Realtor.com page about the app (including the QR code and a few screenshots).

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