Tag Archives: norcross

Norcross, GA, Market Report, September 2013

Monday, 04 November 2013 09:49

Written by Lane Bailey

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Market stats for Norcross GA, September, 2013 indicate that there were 134 properties on the market, up 3 from last month. Overall, there is about a 3.4 month supply of properties. The last year has been fairly strong… it hasn’t slowed much, if at all. September saw 35 sales, down from the 44 last month and compared to the 53 for July last year.

In the sub-$200k arena, there were 63 listings, with about 3.7 month supply. Sales are down from last month (25) and way down from a year ago in this segment, which is the main driver of sales in this area (12 v 43 – Sep13 v Sep12). For the last two years, the AR has been tilted in favor of sellers.

Between $200k and $400k, there were 55 listings for sale, and about 3.2 months of supply. This segment had been weakening for the last few months, but got radically stronger last month. The 17 sales were up from last year’s 10 sales, and from last month’s 15 sales. Even though it isn’t as gangbusters as some of the other areas, it is certainly better than the 28 months of inventory we had in December, 2010. I think this is starting to look like a pretty settled market here…

From $400k to $600k, there were 14 homes on the market. The Absorption Rate is around 3.2 months. The AR last year had been fairly steady all summer, then shot WAY up last September/October. September’s 5 sales were up from the 3 last month and from last year’s 0 sales. This has actually been a pretty good area for homes in this price range to sell… for the last few months.

In the $600k to $800k arena, there was 1 listing on the market. The Absorption Rate is at 3 months of inventory… but with only 4 sales in 2010 and 4 sales in 2011, obviously it is easy to bump one way or the other. One reason for the strong looking Absorption Rate last month was that there were so few listings. The was 1 sale for Sep13, 0 for Aug13 and 0 for Sep12.

The range from $800k to $1m, there were 0 homes listed on the market and 1 sale in Aug. There were no sales last year. Unfortunately there isn’t enough data for a good A/R number.

Above $1m, there was 1 property listed. But because of the smaller numbers of sales, the absorption rate could be significantly impacted by just a couple of sales. There is simply not enough activity for an A/R figure. The last sale was January 2011.

Norcross, GA is a suburb of Atlanta in Gwinnett County. The population is 2000 was 8,410 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.

Norcross, GA, Market Report, August 2013

Monday, 30 September 2013 08:49

Written by Lane Bailey

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Market stats for Norcross GA, August, 2013 indicate that there were 131 properties on the market, down 28 from last month. Overall, there is about a 3.0 month supply of properties. The last year has been fairly strong… it hasn’t slowed much, if at all. August saw 44 sales, up from the 38 last month and compared to the 55 for July last year.

In the sub-$200k arena, there were 65 listings, with about 3.1 month supply. Sales are up from last month (14) and way down from a year ago in this segment, which is the main driver of sales in this area (25 v 41 – Aug13 v Aug12). For the last two years, the AR has been tilted in favor of sellers.

Between $200k and $400k, there were 52 listings for sale, and about 2.9 months of supply. This segment had been weakening for the last few months, but got radically stronger this month. The 15 sales were up from last year’s 14 sales, and down from last month’s 19 sales. Even though it isn’t as gangbusters as some of the other areas, it is certainly better than the 28 months of inventory we had in December, 2010. I think this is starting to look like a pretty settled market here…

From $400k to $600k, there were 12 homes on the market. The Absorption Rate is around 3.3 months. The AR last year had been fairly steady all summer, then shot WAY up in September/October. August’s 3 sales were down from the 5 last month and from last year’s 0 sales. This has actually been a pretty good area for homes in this price range to sell… for the last few months.

In the $600k to $800k arena, there was 1 listing on the market. The Absorption Rate is at 3 months of inventory… but with only 4 sales in 2010 and 4 sales in 2011, obviously it is easy to bump one way or the other. One reason for the strong looking Absorption Rate last month was that there were so few listings. The was 0 sales for Aug13, 0 for Jul13 and 0 for Aug12.

The range from $800k to $1m, there were 0 homes listed on the market and 1 sale in Aug. There were no sales last year. Unfortunately there isn’t enough data for a good A/R number.

Norcross, GA, Market Report, July 2013

Monday, 09 September 2013 09:35

Written by Lane Bailey

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Market stats for Norcross GA, July, 2013 indicate that there were 159 properties on the market, up 1 from last month. Overall, there is about a 3.6 month supply of properties. The last year has been fairly strong… it hasn’t slowed much, if at all. July saw 38 sales, down from the 48 last month and compared to the 54 for July last year.

In the sub-$200k arena, there were 72 listings, with about 3.3 month supply. Sales are down a little from last month (24) and way down from a year ago in this segment, which is the main driver of sales in this area (14 v 35 – Jul13 v Jul12). For the last two years, the AR has been tilted in favor of sellers. We seem to be weakening a bit, though.

Between $200k and $400k, there were 69 listings for sale, and about 3.8 months of supply. This segment had been weakening for the last few months. But, the 19 sales were up from last year’s 16 sales, and down from last month’s 20 sales. Even though it isn’t as gangbusters as some of the other areas, it is certainly better than the 28 months of inventory we had in December, 2010. I think this is starting to look like a pretty settled market here…

From $400k to $600k, there were 15 homes on the market. The Absorption Rate is around 3.5 months. The AR last year had been fairly steady all summer, then shot WAY up in September/October. July’s 5 sales were down from the 3 last month and from last year’s 2 sales. This has actually been a pretty good area for homes in this price range to sell… for the last few months.

In the $600k to $800k arena, there were 2 listings on the market. The Absorption Rate is at 6 months of inventory… but with only 4 sales in 2010 and 4 sales in 2011, obviously it is easy to bump one way or the other. One reason for the strong looking Absorption Rate last month was that there were so few listings. The was 0 sales for Jul13, 1 for Jun13 and 1 for Jul12.

The range from $800k to $1m, there were 0 homes listed on the market and 0 sales in July. There were no sales last year. Unfortunately there isn’t enough data for a good A/R number.

Norcross, GA, Market Report, June 2013

Friday, 09 August 2013 09:22

Written by Lane Bailey

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Market stats for Norcross GA, June, 2013 indicate that there were 158 properties on the market, up 35 from last month. Overall, there is about a 3.4 month supply of properties. The last year has been fairly strong… it hasn’t slowed much, if at all. June saw 48 sales, flat from the 48 last month, but down compared to the 70 for June last year.

In the sub-$200k arena, there were 65 listings, with about 2.6 month supply. Sales are down a little from last month (27) and way down from a year ago in this segment, which is the main driver of sales in this area (24 v 45 – Jun13 v Jun12). For the last two years, the AR has been tilted in favor of sellers. This still looks like one of the strongest price/area segment in Gwinnett County, GA. At a 2.57 month A/R, this is pretty strong for sellers.

Between $200k and $400k, there were 68 listings for sale, and about 4.4 months of supply. This segment had been weakening for the last few months. But, the 20 sales were flat from last year’s 20 sales, and up from last month’s 16 sales. Even though it isn’t as gangbusters as some of the other areas, it is certainly better than the 28 months of inventory we had in December, 2010. I think this is starting to look like a pretty settled market here…

From $400k to $600k, there were 19 homes on the market. The Absorption Rate is around 3.6 months. The AR had been fairly steady all summer, then shot WAY up in September/October. June’s 3 sales were down from the 5 last month and from last year’s 5 sales. This had actually been a pretty good area for homes in this price range to sell… for the last few months.

In the $600k to $800k arena, there were 5 listings on the market. The Absorption Rate is at 7.5 months of inventory… but with only 4 sales in 2010 and 4 sales in 2011, obviously it is easy to bump one way or the other. One reason for the strong looking Absorption Rate last month was that there were so few listings. The was 1 sale for Jun13, 0 for May13 and 0 for Jun12.

The range from $800k to $1m, there were 0 homes listed on the market and 0 sales in June. There were no sales last year. Unfortunately there isn’t enough data for a good A/R number.

I have a page dedicated to Norcross Market Data.

Atlanta Metro Zillow Home Value Index

Atlanta Metro Home Values – Interactive chart

Norcross, GA, Market Report, May 2013

Friday, 05 July 2013 09:10

Written by Lane Bailey

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Market stats for Norcross GA, May, 2013 indicate that there were 123 properties on the market, down 4 from last month. Overall, there is about a 2.7 month supply of properties. The last year has been fairy strong… it hasn’t slowed much, if at all. May saw 48 sales, up a little from the 44 last month, but down compared to the 57 for May last year.

In the sub-$200k arena, there were 59 listings, with about 2.3 month supply. Sales are up a little from last month (25) and way down from a year ago in this segment, which is the main driver of sales in this area (27 v 37 – May13 v May12). For the last two years, the AR has been tilted in favor of sellers. This still looks like one of the strongest price/area segment in Gwinnett County, GA. At a 2.30 month A/R, this is pretty strong for sellers.

Between $200k and $400k, there were 43 listings for sale, and about 3.2 months of supply. This segment had been weakening for the last few months. But, the 16 sales were flat from last year’s 16 sales, but up from last month’s 10 sales. Even though it isn’t as gangbusters as some of the other areas, it is certainly better than the 28 months of inventory we had in December, 2010. I think this is starting to look like a pretty settled market here…

From $400k to $600k, there were 18 homes on the market. The Absorption Rate is around 3.2 months. The AR had been fairly steady all summer, then shot WAY up in September/October. May’s 5 sales were down from the 8 last month and up from last year’s 3 sales. This had actually been a pretty good area for homes in this price range to sell… for the last few months.

In the $600k to $800k arena, there were 2 listings on the market. The Absorption Rate is at 6.0 months of inventory… but with only 4 sales in 2010 and 4 sales in 2011, obviously it is easy to bump one way or the other. One reason for the strong looking Absorption Rate last month was that there were so few listings. The was 0 sales for May13, 1 for Apr13 and 0 for May12.

The range from $800k to $1m, there were 0 homes listed on the market and 0 sales in May. There were no sales last year. Unfortunately there isn’t enough data for a good A/R number.

I have a page dedicated to Norcross Market Data.