market report: Suwanee, GA, Market Report, February, 2013 - 03/18/13 11:04 AM
Market stats for Suwanee, GA, February, 2013 indicate that there were 315 properties on the market (down from 332 last month). Overall, there was about a 4.8 month supply of properties (up from 4.7 last month). February had 66 sales. Compared to February, 2012 (64), this year was up, but inventory was down compared to 2012 (433). There were 50 sales last month, so this month was up a good bit. There is generally a dip in January, so the bump in sales isn't really a shocker.
In the Under $200k arena, there were 64 listings in Suwanee, GA, with about … (2 comments)

market report: How Good Are YOUR Market Reports? - 01/09/12 02:51 PM
I ask myself all of the time... 
How good are my market reports?  Are they compelling?  Why should a buyer or seller read MY market report instead of one of the hundreds of other reports out there?   Am I providing value?  What do consumers want in a market report?  I am specifically NOT leaving a link to one of my market reports in order for everyone to grade it.  Rather, I would love to hear about what YOU think makes a great market report... whether you are an agent, broker, consumer or vendor. 
What makes a great market report?
(9 comments)

market report: The Gwinnett County Market is a Little Weird Right Now... - 07/16/11 01:16 PM
Image by lane.bailey via Flickr I have been pulling Gwinnett County Real Estate Market Data, and I'm not done with it yet.  But, I have been seeing a few things.
Listings are down markedly from where they would normally be.  This can be either a positive or negative, depending on your outlook. On the Plus Side, fewer listings means that Absorption Rates are better.  There is less inventory to get sold... it tilts the table back toward sellers.  It has been largely tilted toward buyers for quite a while. On the Minus Side, it shows that there is pessimism in the … (5 comments)

market report: 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)

market report: Norcross, GA, Market Report, December 2010 - 01/28/11 05:37 AM
Image via Wikipedia Market stats for Norcross GA, November, 2010 indicate that there were 365 properties on the market. Overall, there is about a 10.2 month supply of properties. November was a thrashing... 30 v 47 in 2009.  December was better, but still only 35 sales for Dec 2010 compared to 41 the year prior.
In the sub-$200k arena, there were 219 listings, with about 7.4 month supply.  Sales are down slightly from a year ago in this segment, which is the main driver of sales in this area (25 v 28).  But the segment is still looking pretty strong, despite … (0 comments)

market report: Buford GA Market Report, December 2010 - 01/25/11 03:11 PM
Image via Wikipedia Market stats for Buford, GA, November, 2010 indicate that there were 566 properties on the market. Overall, there was about an 10.2 month supply of properties.  December was slightly above last year (62 v 52 for 2009).  But it was also a pretty substantial bump from November (44 sales).  There were 83 sales in June and an Absorption Rate under 8.5 months.
In the sub-$200k arena, there were 325 listings, with a 9.1 month supply.  Again, this is the largest price segment in this area, so being up by 10 sales over last year (41 v 31) strengthens … (0 comments)

market report: Sugar Hill, GA, Market Report, December 2010 - 01/24/11 01:12 PM
Image via Wikipedia Market stats for Sugar Hill, GA , December, 2010 indicate that there are 241 properties on the market. Overall, there is about an 12.7 month supply of properties.  Sales have been fairly steady since July, but inventories have been rising, and along with it, the number of months of inventory (that is the wrong way...)
for Sugar Hill homes priced under $200k, there are 168 listings, with under 9.7 months supply.  Sales are also about 3x of the level last year, 25 v 8 last December.  But, for the last three months, that only puts sales up by … (1 comments)

market report: Suwanee, GA, Market Report, December 2010 - 01/22/11 02:44 PM
Image via Wikipedia Market stats for Suwanee, GA, December, 2010 indicate that there are 548 properties on the market. Overall, there is about an 10.8 month supply of properties.  There was less that 8 months of inventory as recently as June.  Even though inventories are down since then, sales are also down.
In the Under $200k arena, there are 165 listings in Suwanee, GA, with about a 9.9 month supply.  In June, there was a 4.8 month supply.  Inventories have increased, until September, as sales have slowed...  This is one of the rare segments that actually bumped in November, rather than … (0 comments)

market report: The WRONG Top ten List to be on... - 01/20/11 10:02 AM
Image via Wikipedia Yahoo News recently published an article titled "The Eight States Running Out of Homebuyers".  (I know, I said 10... they say 8, but they mentioned that Colorado and South Carolina barely missed inclusion).
Georgia ranked #6...
I'll cut to the chase and give you the list.  Check out the article for the details on each state...
Michigan Nevada Arizona California Illinois Georgia Oregon Florida Image via Wikipedia Georgia made it onto the list because of the following statistics...
2010 Foreclosures: 3.25% (6th Worst) Unemployment: 10% (9th Worst) Decrease in Building Permits 2006-2010: -82.29% (2nd Worst) Of course, I … (45 comments)

market report: 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)

market report: Lawrenceville, GA Market Report, December 2010 - 01/18/11 02:31 PM
Image via Wikipedia Market stats for Lawrenceville, December, 2010, indicate that there are 1594 properties on the market. Overall, there is about an 9.9 month supply of properties. In 2009, sales for December jumped between November and December (166 to 175).  For 2010, December sales jumped to 176 from 153 in November.
For Lawrenceville Homes  Under $200k, there are 1347 listings, with about a 9.4 month supply of homes.  It is an anomaly right now among Gwinnett Market/Price segments.  The inventory went up for December, as did the number of months of inventory.  Sales were up slightly from December 2009 (152 … (0 comments)

market report: Lilburn, GA Market Report, December 2010 - 01/16/11 01:55 PM
Image by mjp* via Flickr Market stats for Lilburn, December, 2010, indicates that there are 379 properties on the market (as of December 31st). Overall, there is about a 10.9 month supply of properties.  Lilburn is actually mid-pack among cities in Gwinnett County.  The Absorption Rates had been getting worse since August, but December clocked an improvement from 11.8 months of inventory in November.  In March there were 15.3 months of inventory.
In the sub-$200k arena, there are 244 listings, with about an 8.0 month supply.  This represents most of the sales in the market area, and reflects the same improvement … (0 comments)

market report: I'm Always Up For a Good Surprise.. - 01/13/11 06:10 AM
Image via Wikipedia I was working over the market data for Gwinnett County, GA... outside of Atlanta.  And the numbers were a bit surprising.  They were good... Almost across the board...
Why am I not excited?  I want to be excited.  I want to shout to the world that Gwinnett County's real estate market has turned.
But I'm skeptical... Generally, December has to lowest number of listings that we are going to see throughout the year.  Seldom will we see an increase in listings... in fact, only in the high end (where listings are often on the market over a year) … (0 comments)

market report: Gwinnett County GA Overall Market Report... November, 2010 - 01/11/11 01:33 AM
Image via Wikipedia Here are the final numbers for Gwinnett County Home sales for November, 2010.
At the end of November, 2010, there were 6,017 homes on the market in Gwinnett County, GA.  As usual, we have a drop off in listings during the Holiday Season.  November listings were down from October.  December also showed a decrease.  While this is a lot of listings, it is low compared to the 10,000+ listings that were on the market a couple of years ago.  There were 488 sales in November.  This was down from 716 sales for November, 2009.  Averaging the result for … (0 comments)

market report: Norcross, GA, Market Report, November 2010 - 01/03/11 08:32 AM
Image via Wikipedia Market stats for Norcross, November, 2010 indicate that there were 386 properties on the market. Overall, there is about a 10.3 month supply of properties. October and September sales were down v 2009 (42 v 57 and 43 v 55), but August was way up (52 v 43).  November was a thrashing... 27 v 47 in 2009.
In the sub-$200k arena, there were 215 listings, with about 7.5 month supply.  Sales are down significantly from a year ago in this segment, which is the main driver of sales in this area (25 v 34).  But the segment is … (0 comments)

market report: Buford, GA, Market Report, November 2010 - 12/28/10 03:43 AM
    Image via Wikipedia Market stats for Buford, GA, November, 2010 indicate that there were 584 properties on the market. Overall, there was about an 11.2 month supply of properties.  September was slightly below last year (52 v 60 for 2009).  October was back to the pits (60 v 89 in 2009).  November this year had 44 sales v 67 in 2009.  There were 83 sales in June and an Absorption Rate under 8.5 months.
In the sub-$200k arena, there were 318 listings, with a 9.6 month supply.  October sales were down from 51 in 2009 to 37 this year.  … (1 comments)

market report: Sugar Hill, GA, Market Report, November 2010 - 12/21/10 01:33 PM
Image via Wikipedia Market stats for Sugar Hill, GA , October, 2010 indicate that there are 239 properties on the market. Overall, there is about an 12.3 month supply of properties.  Sales have been fairly steady since July, but inventories have been rising.
In the sub-$200k arena, there are 160 listings, with under 13.3 months supply.  Sales are also about 65% of the level last year over the last three months.  Sales appear to be decelerating, but perked up for October... still down 10 v 17 compared to last year.
Between $200k and $400k, there are 67 listings for sale, and … (0 comments)

market report: Suwanee, GA, Market Report, November 2010 - 12/20/10 12:59 PM
Image via Wikipedia Market stats for Suwanee, GA, November, 2010 indicate that there are 582 properties on the market. Overall, there is about an 10.9 month supply of properties.  There was less that 8 months of inventory as recently as June.  Even though inventories are down since then, sales are also down.
In the Under $200k arena, there are 156 listings in Suwanee, GA, with about a 8.5 month supply.  In June, there was a 4.8 month supply.  Inventories have increased, until September, as sales have slowed... October sales were down from 27 last year to 22 this year.  For November, … (1 comments)

market report: 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)

market report: Lawrenceville, GA Market Report, November 2010 - 12/16/10 02:56 PM
Image via Wikipedia arket stats for Lawrenceville, November, 2010, indicate that there are 1627 properties on the market. Overall, there is about an 10.5 month supply of properties, with sales weakening since June. In 2009, sales for November had dropped drastically between October and November (223 to 166).  For 2010, November sales came in at 148.
For Lawrenceville Homes  Under $200k, there are 1338 listings, with about a 9.5 month supply of homes. Sales accelerated through June, but then fell off as the tax credit was slated to end.  While inventories are down from just a couple of years ago, for … (2 comments)

 
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