Regina Ambrose, Associate Broker, ABR, GRI, REO's Blog

Homes for Sale and Sold in Lilburn, GA in Month of August 2011

Regina Ambrose, Associate Broker, ABR, GRI, REO (Chapman Hall Realtors) — Thu, 08 Sep 2011 17:11:42 -0700

If you are looking to buy or sale a home or townhome in Lilburn, GA and need an experience realtor, contact Regina Ambrose, Chapman Hall Realtors, Associate Broker, at 678-613-5636 or email at regina.ambrose@comcast.net

View over 90,000 homes for sale at http://www.homes4saleinatlanta.com/content/article.html/724016 in Lilburn, GA and all the surrounding areas in Atlanta, GA

Below is a great report of information on price trends, market conditions, homes for sale, sold homes, and demand trends in Lilburn, GA for the month of August 2011

Homes for Sale and Sold in Lilburn, GA in the Month of August 2011

Price Trends

The median single family home price as of September 04 2011 for Lilburn, GA is $159,827.

Market Conditions

With a Market Action Index as of September 04 2011 at 15.06, Lilburn, GA is currently a buyer's market. (An MAI value greater than 30 typically indications a “Seller’s Market”.)

Sales and Demand Trends

The average property in Lilburn, GA as of September 04 2011 has been on the market for about 175 days.

Homes for Sale

There are about 402 properties on the market in Lilburn, GA as of September 04 2011.

Lilburn real estate homes on market and sales in past 30 days – August 5, 2011 through September 4, 2011:

Total Sales	18	6	7	2	3	1	1	0	0	0	0	0	0	0	0	0	0	0	38
Total Active	87	111	78	51	27	24	8	4	2	0	0	1	4	0	0	1	0	0	398
Avg DOM	61	154	137	30	68	149	77	0	0	0	0	0	0	0	0	0	0	0	133
Avg TDOM	61	154	137	30	68	149	77	0	0	0	0	0	0	0	0	0	0	0	133
Avg SP/LP	94%	94%	95%	97%	96%	99%	97%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	94%
Avg SP/OLP	79%	86%	86%	97%	90%	99%	99%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	84%
Months Inv	5	19	11	26	9	24	8	0	0	0	0	0	0	0	0	0	0	0	10

If you are looking to buy or sale a home or townhome and want an experience agent who knows the real estate market in Lilburn, GA, and all the surrounding areas in Atlanta, Georgia, call Regina Ambrose, Chapman Hall Realtors, Associate Broker, 678-613-5636 or email at regina.ambrose@comcast.net

VIEW OVER 90,000 HOMES FOR SALE AT http://www.homes4saleinatlanta.com/content/article.html/724016 in Liburn, GA AND ALL THE SURROUNDING AREAS OF Atlanta, GA

FMLS June 2011 Report on Homes Sold in Atlanta Area

Regina Ambrose, Associate Broker, ABR, GRI, REO (Chapman Hall Realtors) — Thu, 01 Sep 2011 14:13:41 -0700

Regina Ambrose, Chapman Hall Realtors, 678-613-5636

Visit www.homes4saleinatlanta.com to search over 90,000 foreclosure homes, short sales homes, resale homes, new construction homes in Atlanta, Lilburn, Johns Creek, Alpharetta, Roswell, Dunwoody, Lilburn, Buford, Lawrenceville, Snellville, Norcross, Duluth, Suwanee, Dacula, Stone Mountain, Lithonia, Tucker, Loganville, Cumming, Marietta, Decatur and all the surrounding areas in Georgia.

Smartnumbers June 2011 FMLS

I believe we 'might' have finally hit bottom. The reason, our 2^nd quarter closings for all single family were higher than the previous 3 years. Not much higher, but still a positive trend. However, should our economy get worse (could it get any worse?) our housing market could still fall further.

Closings for all single family in June 2011 were 7.4% higher than June 2010 or 5,745 versus 5,347. The last time a June had more closings was 2007 with 7,432. The all time June high was 8,958 closings in 2006, so we have a long way to go to break any records. However, a 4 year June high is good to report.

There were 4,927 single family detached closings in June 2011. This was an increase of 9.7% over the same year ago period and after lags are included this will be the first year-to-year double digit percentage increase since May 2010. This is also the 6^th year-to-year increase in closings out of the last seven reporting periods for single family detached.

Single family attached is not faring as well as detached. There were 818 closings for single family attached in June 2011. This was a decrease of 4.3% over June 2010 and the 4th year-to-year monthly decline in 2011.

The second half of 2010 was very weak. If we continue to show increases the second half of 2011 this could be our first annual year-year gain in closings for all single family since 2005-2006. I believe this will happen, but still in a weak market.

One of the main reasons why closings have up-ticked this year is that prices are very low. The average price for the first half of2011 for all single family is $174,393. The last time there was a lower annual price was 1997 or $166,213. Taking this into account, closings are up the first half of 2011 over the past three years, but the overall dollar volume is still down. If the year-to-year total volume is down, maybe we are still heading down even if the total closed units are up?

The average sale price for single family detached was $197,900 in June 2011. This is 6.9% below June 2010 and $87,000 below the all time June high of $284,875 in 2007. June 2007 was also the all-time monthly average high.

The average sale price for single family attached for June 2011 was $125,130. This is 13.6% below June 2010 and the last time a June had a lower price was 1998's $121,397.

There were 3,781 expired listings for all single family in June 2011. The last time there were fewer expired listings for a June was 2002.

There were 1,675 withdrawn listing for all single family in June 2011. The last time there were fewer withdrawn listings for a June was 2004.

The reduction of expired and withdrawn listings is always a positive trend. However, our inventory levels are now almost at 2003 levels, so this somewhat mitigates the positive.

The active inventory for all single family was 39,445 at the end of June. The last time a June inventory was lower was 2003,37,745. The all-time June high was 2008 at 69,988 or a reduction of 43.6%. I expect inventories for all single family to remain flat or even decline for the rest of the year, as our '1998' prices will detour many consumers from putting their homes on the market.

Under contracts continue to increase year over year, as June was very favorable and July looks promising. This has to continue the rest of the year for a bona fide recovery to be realized.

Regina Ambrose, Chapman Hall Realtors, 678-613-5636

Smartnumbers June 2011 FMLS

Smartnumbers FMLS - S. Palm

Foreclosures Homes in Atlanta Georgia and surrounding Counties

Regina Ambrose, Associate Broker, ABR, GRI, REO (Chapman Hall Realtors) — Sat, 16 Jul 2011 10:06:39 -0700

Foreclosures homes by county in Metro Atlanta through July 2011, numbers from Equity Depot

County 2011 2010

Bartow 1,071 1,256

Cherokee 2,596 2,945

Clayton 5,464 5,643

Cobb 7,705 8,080

DeKalb 10,079 10,557

Douglas 2,236 2,403

Fayette 1,112 1,080

Forsyth 1,866 2,058

Fulton 11,926 13,688

Gwinnett 13,602 14,317

Hall 1,959 2,075

Henry 3,885 3,714

Rockdale 1,507 1,612

Total 65,008 69,428

Call Regina Ambrose, 678-613-5636, Chapman Hall Realtors to view any of these foreclosure homes in Atlanta and any of the surrounding areas. Search 90,000 for sale at www.homes4saleinatlanta.com

Gwinnett County Foreclosure Homes

Regina Ambrose, Associate Broker, ABR, GRI, REO (Chapman Hall Realtors) — Tue, 12 Oct 2010 14:52:27 -0700

Gwinnett is a county in Georgia with a population of 588,448 and a median household income of $60,537. Widely known as the poster-child of suburban sprawl, it is part of the Atlanta metropolitan area and contains many of Atlanta major suburbs.

Real estate investors, agents, and homebuyers interested in successfully locating foreclosure homes, foreclosure townhomes and foreclosure condos in Gwinnett County need only to look at www.homes4saleinatlanta.com for all their foreclosure and real estate needs, including pre-foreclosure, short sales, bank-owned foreclosures, resale MLS homes and new homes for sale.

Buying foreclosed real estate is an alluring idea, particularly in Gwinnett County, where nearly everyone is looking for a deal. With a growing population approaching 600,000 people, Gwinnett County is a growing foreclosure market.

Just in September 2010, the new foreclosure homes in following cities in Gwinnett County were:

Lawrenceville, GA - 669 foreclosure homes

Snellville, GA - 235 foreclosure homes

Buford, GA - 204 foreclosure homes

Norcross, GA - 192 foreclosure homes

Lilburn, GA - 109 foreclosure homes

Dacula, GA - 101 foreclosure homes

Suwanee, GA - 99 foreclosure homes

Grayson, GA - 44 foreclosure homes

Visit www.homes4saleinatlanta.com to view thousands of foreclosure homes in Gwinnett County and all the Atlanta surrounding areas.

Regina Ambrose, Associate Broker, Chapman Hall Realtors

Office: 770-564-6083

Cell: 678-613-5636

Email: regina.ambrose@comcast.net

Website: www.homes4saleinatlanta.com

REO Designation - Specialist as a Foreclosure, Short Sale and HUD homes

About Atlanta, Georiga

Regina Ambrose, Associate Broker, ABR, GRI, REO (Chapman Hall Realtors) — Mon, 23 Aug 2010 22:13:54 -0700

Atlanta Real Estate

Regina Ambrose, Chapman Hall Realtors, 770-564-6083

ATLANTA, GEORGIA

The ninth most populous city in the United States, Atlanta Georgia has all the amenities of a major metropolitan area with the charm and hospitality that is still alive and well in the deep south. It is known as the "capital of the new south" and is a major international business center for the Southeastern portion of the United States.

The area has seen tremendous growth over the past decade. From the years 2000 to 2006 the area increased in size by 20.5%, the largest increase in any of the United State's top ten metro areas. In addition to its population, Atlanta is burgeoning with economic growth. The city is third nationwide with regard to the number of Fortune 500 companies headquartered there. Some of the more notable business in Altanta include:

Coca-Cola
Home Depot
Delta Airlines
AirTran Airlines
United Parcel Service
AT&T Mobility
Georgia Pacific
Equifax
Earthlink

The city is also home to media giant CNN and The Weather Channel and Cox Communications, the United State's third largest cable television provider also calls Atlanta home.

Atlanta enjoys mild weather year-round. Defined as humid subtropical, the area sees average yearly highs of 72 degrees and lows of 52. Because of its warm climate, Atlanta is the perfect place to enjoy outdoor activities. The annual 4th of July Peachtree road race (running) is among the largest in nation, attracting over 55,000 runners. In addition, Atlanta is home to four professional sports teams - Atlanta Braves (MLB), Falcons (NFL), Hawks (NBA) and Thrashers (NHL). It is also the location of the famed Atlanta Motor speedway which regularly hosts NASCAR and other auto races.

Besides sporting events, there are a wide variety of other activities in which to participate in Atlanta. The city recently finished construction on the world's largest aquarium. With a display capacity of 8 million gallons, the Georgia aquarium houses more than 100,000 aquatic animals and 500 species.

The area has a variety of choices on the educational front. There are more than forty colleges and universities from which to choose, including Georgia Tech, Emory University, Morehouse and Georgia State University. The city also provide a plethora of elementary and secondary schooling options. There are twenty metropolitan school districts, which include 474 elementary schools, 129 middle schools and 113 high schools.

Compared to other metro areas, Atlanta also has a very low cost of living. Based on a national average of 100, goods and services in Atlanta are at 98.7. The area also has a low median home value of $223,876.

Southern charm that is all grown up, Atlanta is a city that has so much to offer. The moderate home costs and low cost of living, coupled with a wide variety of entertainment and recreational options make this southern beauty the belle of the ball.

HUD Foreclosure Homes

Regina Ambrose, Associate Broker, ABR, GRI, REO (Chapman Hall Realtors) — Wed, 03 Feb 2010 19:38:47 -0800

Who can buy a HUD Home?
Almost anyone! If you have the cash or can qualify for a loan (subject to certain restrictions) you may buy a HUD Home. HUD Homes are initially offered to owner-occupant purchasers (people who are buying the home as their primary residence). Following the priority period for owner occupants, unsold properties are available to all buyers, including investors

Regina Ambrose, Chapman Hall Realtors, 770-564-6083

About Atlanta

Regina Ambrose, Associate Broker, ABR, GRI, REO (Chapman Hall Realtors) — Fri, 04 Jul 2008 16:03:05 -0700

Coca-Cola
Home Depot
Delta Airlines
AirTran Airlines
United Parcel Service
AT&T Mobility
Georgia Pacific
Equifax
Earthlink

The city is also home to media giant CNN and The Weather Channel and Cox Communications, the United State's third largest cable television provider also calls Atlanta home.