Real estate blog entries tagged with duluth by Lane Bailey, Realtor & Car Guy (Century 21 Results Realty)

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duluth: Local? Hyper-Local? National? What IS the Market? - 02/10/11 02:39 PM

I love watching the news... but when they talk about the real estate market, I cringe. I like to hear the national numbers, but I also know that they are just a framework for a smaller discussion. Yep... a smaller discussion.
It matters what the overall market is doing, but it's not nearly as important as what is happening in your neighborhood. It matters what is happening in Georgia, and the Atlanta Metro market, but not nearly as much as what is happening in your specific city. Real estate prices and demand react to specific local issues much more than … (38 comments)

duluth: Duluth, GA, Market Report, December 2010 - 01/18/11 02:35 PM

Image via Wikipedia Preliminary stats for Duluth, December, 2010 indicated that there were 543 properties on the market. Overall, there is about an 9.1 month supply of properties. Months of Inventory has been increasing for the last couple of months, until this month. Sales in December were 66, compared to 57 a year earlier. It is worth noting that almost every segment in Gwinnett County, GA, that I track had a bump in December this year, copared both with November, 2010 and December, 2009.
In the Under $200k arena, there were 216 listings in Duluth, GA, with about a 7.1 month … (0 comments)

duluth: Duluth, GA, Market Report, November 2010 - 12/18/10 03:44 PM

Image via Wikipedia Preliminary stats for Duluth, October, 2010 indicated that there were 595 properties on the market. Overall, there is about an 11.7 month supply of properties. Months of Inventory has been increasing for the last couple of months. Sales in November were 54, compared to 65 a year earlier. Don't forget, though, there was a tax credit slated to expire at the end of November last year that was spurring sales.
In the Under $200k arena, there were 243 listings in Duluth, GA, with about a 10 month supply. The Absorption Rate had gotten down into the high 4 … (1 comments)

duluth: Flashback Friday... Duluth, O, Duluth... - 12/18/10 03:41 PM

Image by lane.bailey via Flickr Some post titles tickle me a little more than others. I have to say, I was fairly pleased with Duluth, Not Just for Minnesota Anymore...
I wrote a little post about life in Duluth, GA. I wrote about the history, a few developments and what types of shopping and recreation may be available nearby. When I first moved to Georgia, 21 years ago, I lived in Duluth for a couple of years. At that time, it was considered WAY out in the suburbs... but not so much anymore.
Not, there are lots of companies that seek … (0 comments)

duluth: Duluth, GA, Market Report, October 2010 - 11/26/10 04:56 AM

Image via Wikipedia Preliminary stats for Duluth, October, 2010 indicated that there were 589 properties on the market. Overall, there is about an 10.5 month supply of properties. Months of Inventory has been increasing for the last couple of months. Sales in October were 360, compared to 63 a year earlier. Don't forget, though, there was a tax credit slated to expire at the end of November last year that was spurring sales.
In the sub-$200k arena, there were 227 listings, with about a 9 month supply. The Absorption Rate had gotten down into the high 4 month realm… and as … (0 comments)

duluth: Duluth, GA, Market Report, September 2010 - 11/01/10 03:08 PM

Image via Wikipedia Preliminary stats for Duluth, September, 2010 indicated that there were 588 properties on the market. Overall, there is about an 9.9 month supply of properties. Months of Inventory has been increasing for the last couple of months. Sales in September were 38, compared to 63 a year earlier.
In the sub-$200k arena, there were 226 listings, with about a 10.6 month supply. The Absorption Rate had gotten down into the high 4 month realm… and as recent as December, was in the low 5s. In May, it was at 7.9 months and has been rising since, markedly in … (0 comments)

duluth: Duluth, GA, Market Report, August 2010 - 09/30/10 03:46 AM

Image via Wikipedia Duluth, GA is a suburb of Atlanta, in the heart of Gwinnett County. It actually straddles the county line and has unincorporated portions in South Forsyth County. The population of Duluth is estimated as about 26,000 people as of 2008, but this doesn’t include unincorporated areas outside the city limits, but with a Duluth mailing address. It is also home to Sugarloaf Country Club, a PGA stop until recently. Forbes Magazine rated Duluth 26th in their nationwide survey of the best places to move, and it is one of the wealthiest parts of Georgia. It is also home … (0 comments)

duluth: This is what I feared… Gwinnett Market Report – July, 2010 - 08/22/10 03:57 PM

Image by lane.bailey via Flickr I have been kind of expecting this, but of course it will take a couple of months to confirm…
The Tax Credit did not kick the Gwinnett Market into gear…
Instead, its expiration killed sales. Looking over the last few months of sales we see that for 2010, sales were (compared to 2009):
January – down 10.9% February – up 1.7% March – up 10.1% April – up 14.1% May – up 17.3% June – down 0.8% July – down 26.2% As we look over these numbers, there are a few things to keep in … (1 comments)

duluth: Occupational Hazard… - 08/14/10 03:54 PM

There are a few occupational hazards we real estate agents face… moldy foreclosures, rotted floors that we can fall through, angry undisclosed dogs, getting locked out of a house on the back deck 40′ off the ground (don’t ask). But there is something even more dangerous…
Houses we really like… really, really like. Ones that we can afford…
As a real estate agent, I look at a lot of houses. Some of them are amazingly cool. But, I’m not dropping half a million bucks on a house. Those aren’t so dangerous… Not to say that I don’t love the media rooms, … (14 comments)

duluth: Duluth, GA Market Report – April, 2010 - 06/06/10 03:33 PM

Duluth, GA is a suburb of Atlanta, in the heart of Gwinnett County. It actually straddles the county line and has unincorporated portions in South Forsyth County. The population of Duluth is estimated as about 26,000 people as of 2008, but this doesn’t include unincorporated areas outside the city limits, but with a Duluth mailing address. It is also home to Sugarloaf Country Club, a PGA stop until recently. Forbes Magazine rated Duluth 26th in their nationwide survey of the best places to move, and it is one of the wealthiest parts of Georgia. It is also home to the Arena … (1 comments)

duluth: Duluth GA Market Report, March 2010 - 05/07/10 05:09 PM

Preliminary stats for Duluth, March, 2010 indicated that there were 618 properties on the market. Overall, there is about an 14.3 month supply of properties, with a marked deceleration in Absorption Rate. However, sales in March were 59, compared to 44 a year earlier.
Image by djaquay via Flickr In the sub-$200k arena, there were 193 listings, with about a 10.3 month supply. But that shows a slowing. The Absorption Rate had gotten down into the high 4 month realm… and as recent as December, was in the low 5s. January was the stinker month, with both February and March showing … (3 comments)

duluth: Duluth Market Report - February, 2010 - 04/11/10 04:38 PM

Preliminary stats for Duluth, January, 2010 indicated that there were 568 properties on the market. Overall, there is about an 13.4 month supply of properties, with a marked deceleration in sales. Sales in January were 45, compared to 48 a year earlier.
In the sub-$200k arena, there were 162 listings, with about a 8.7 month supply. But that shows a slowing. The Absorption Rate had gotten down into the high 4 month realm... and as recent as December, was in the low 5s.
Between $200k and $400k, there are 170 listings for sale, and about 13 months of supply. Sales dropped … (0 comments)

duluth: Gwinnett County v Gwinnett's Cities... - 03/16/10 04:56 PM

Effective on March 1st, the issue between Gwinnett and 15 of its cities has been upgraded by the State of Georgia. The 15 cities and Gwinnett are now listed with the state as No Longer Qualified Local Governments.
The cities are: Auburn , Berkeley Lake, Buford, Dacula, Duluth, Grayson, Lawrenceville, Lilburn, Loganville, Norcross, Rest Haven, Snellville, Sugar Hill, Suwanee and Braselton.
At issue are parallel services being offered by Gwinnett County and the individual cities. Things like police services... Several of the cities have local police departments, but Gwinnett County Police (one of the largest departments in the state) patrols the … (1 comments)

duluth: Duluth GA Market Report, January 2010 - 03/14/10 05:13 AM

Duluth, GA is a suburb of Atlanta, in the heart of Gwinnett County. It actually straddles the county line and has unincorporated portions in South Forsyth County. The population of Duluth is estimated as about 26,000 people as of 2008, but this doesn't include unincorporated areas outside the city limits, but with a Duluth mailing address. It is also home to Sugarloaf Country Club, a PGA stop until recently. Forbes Magazine rated Duluth 26th in their nationwide survey of the best places to move, and it is one of the wealthiest parts of Georgia. It is also home to the Arena … (1 comments)

duluth: "Attention Drivers Statewide" and other Cheesy Pick-Up Lines... - 02/27/10 02:51 PM

Marketers and other businesses know that the world has become smaller... but that we stilllike to do business locally...
There is a national insurance company that has an ad running in at least several states that begins...
Attention Drivers Statewide...
They want to tap into that "local" feeling by inferring that they are only talking to people in one state. At the same time, they weren't so interested in talking to drivers in just one state that they limited the ad to one state...
It plays on Satellite TV, on national channels. If it were on cable, there would be a … (3 comments)

duluth: Gwinnett Market Reports from January - 02/24/10 01:49 AM

The real estate market for Gwinnett County is in a state of flux. There are wide variations between different location throughout the county, as well as different price strata. There are a few themes that are readily apparent, but some locations and price ranges are standouts (good or bad)...
Some quick county-wide numbers...
January, 2010 sales were 352 homes. This is down 11.1% from the 396 homes in January, 2009, That was down 14.7% from the 464 homes in January,2008. (There might still be some stragglers that haven't been entered yet... but there shouldn't be many. These numbers are as … (0 comments)

duluth: Duluth GA Market Report for December 2009 - 01/21/10 12:52 PM

The whole year of 2009 was challenging in some segments. In other segments, it has shown surprising resilience and strength. It is one of the markets in Gwinnett County, GA, that has shown relative strength, even into the last quarter of 2009. And it started off fairly strong.
Looking back over the last couple of months for Duluth, GA, the market has moved... but only a little. The biggest thing has been the First Time Home Buyer Tax Credit. It has had a GIANT pull on the market, and when it "expired" (it was renewed and expanded before it actually expired, … (0 comments)

duluth: Duluth, Not Just For Minnesota Anymore… - 12/19/09 06:13 AM

Image via Wikipedia Yes, Georgia, there is a Duluth nearby… you don’t have to go all of the way up to Lake Superior to find it.
About Duluth, GA…
Duluth is one of the most prestigious areas in Gwinnett County, GA. It is home to several high end developments, like Sugarloaf Country Club and St. Marlo County Club (which is actually in Forsyth County, but has a Duluth mailing address). Duluth does actually extend slightly into both Forsyth and Fulton Counties, but it primarily in Gwinnett.
As of July, 2008, the population of Duluth was estimated at about 26,000 within the … (2 comments)

duluth: New Homes Around Gwinnett County - 12/17/09 06:39 AM

Image by lane.bailey via Flickr There are still some new home developments going up around Gwinnett County, GA. Even though we keep hearing on the TV and radio that new construction has all but stalled, it hasn’t completely stopped.
And, December is traditionally the slowest month of the year for homes to go under contract (January is the slowest for closings…). So, there are a number of builders that are offering incentives for buyers during this time of year.
Talk about a Christmas present!!! Regardless of what holiday you might be celebrating this time of year… or even if you … (0 comments)

duluth: Gwinnett County Schools Redistricting Plans... - 10/07/09 03:01 PM

Gwinnett County Public Schools are undergoing a redistricting plan due to growth in the county. The new plan is expected to begin with the 2010 school year. It was announced on October 2nd, 2009. There are several dates to keep in mind:
November 4, Deadline for completion of boundary input forms. November 13, 2009-- Boundary committee completes review and submits recommendations. November 19, 2009-- Public redistricting comments from affected schools (Location Instructional Support Center Board Room, 7-9 p.m. November 25-December 4-- Final recommendations with revised boundary maps delivered to schools. December 10, 2009-- Anticipated Board of Education vote on redistricting. The … (0 comments)

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