market report: Lawrenceville Market Report, March, 2010
- 03/07/10 01:47 PM
Lawrenceville is in Gwinnett County, GA, just outside of Atlanta. As of the 2000 Census, there were 22,937 people in Lawrenceville, but that is only including people in the city limits, and there has been a lot of growth since 2000 in Gwinnett County (2008 estimates from the Census Bureau peg population around 29,000). It was incorporated in 1821. Lawrenceville is home to Central Gwinnett High School, and also has students that the Mountain View and Archer clusters. It is also home to Gwinnett Technical College and Georgia Gwinnett College. Another recent addition to Lawrenceville is that it is … (0 comments)
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market report: Lilburn Market Report, March, 2010
- 03/07/10 01:15 PM
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 … (0 comments)
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market report: I'll be happy in 86.97%...
- 02/28/10 06:31 AM
"What is he talking about now?"
That is likely the question after seeing the confusing title...
Over the last couple of years, I have done sporadic surveys of how many listings have the maximum number of pictures allowed by our local MLS... Currently the maximum is 20. It has been as low as 8, just a few years ago.
The opposite of 86.97% is 13.03%...
And 13.03% is how many of the listings that have come on the market in the last 7 days that have the maximum number of pictures. There are a few things to keep in mind...
… (7 comments)
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market report: 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)
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market report: Sugar Hill Market Report, December 2009
- 01/27/10 12:12 PM
The whole year of 2009 was challenging in some segments. In other segments, it has shown surprising resilience and strength. Sugar Hill 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 quite strong.
Looking back over the last couple of months for Sugar Hill, GA, the market has been pretty consistent. 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)
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market report: Suwanee Market Report, December 2009
- 01/21/10 12:57 PM
The whole year of 2009 was challenging in some segments. In other segments, it has shown surprising resilience and strength. Suwanee 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 Suwanee, GA, the market has moved... 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, but the effect seemed … (0 comments)
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market report: 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)
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market report: Lawrenceville Market Report for December 2009
- 01/19/10 05:15 AM
No one will say that 2009 hasn't been an interesting year in real estate. If you have been on the buyer side of the market, there have been amazing deals available, as well as difficulty in trying to buy in some segments... or if there were credit challenges. If you have been on the selling side, the competition for buyers has been intense. And the bank owned properties and short sales haven't helped.
Looking back over the last couple of months for Lawrenceville, GA, the market has moved... a lot. The biggest thing has been the First Time Home Buyer Tax … (0 comments)
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market report: Condensed Market Reports for Gwinnett County GA (effects of the FTHBTC)
- 01/17/10 02:39 PM
I have been sitting here all evening working on Market Reports for Gwinnett County, GA. They won't be published for a little over a week, but there is a trend I wanted to highlight prior to the release of the reports...
December is NOT a banner months in Gwinnett County...
November rocked. There is no getting around it. Comparing November 2009 to November 2008, sales are showing up around 73%. November 2008 was rather weak, while December 2008 was strong by comparison.
December 2009 was actually down over 20% year over year. As mentioned, December 2008 was a sales blip, but … (2 comments)
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market report: Lilburn Market Report for December 2009
- 01/12/10 03:39 PM
This has certainly been an interesting year in real estate. And we are still staring at the tea leaves trying to see the direction of the market and figure out what the future holds.
The biggest thing in housing in the last few months 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, but the effect seemed to expire) it altered the direction of the market... as it did when it was enacted.
Let's get a few numbers for … (0 comments)
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market report: Absorption Rate? What is this about?
- 12/04/09 11:22 PM
There are some terms that we toss around in the real estate industry as if people knew what we were talking about... Absorption Rate is one of those terms.
It isn't complicated, but if you are unfamiliar with the term, if can be confusing. And unlike "Bacon Double Cheeseburger", it isn't really self explanatory.
What is Absorption Rate?
There are a couple of components to Absorption Rates.
Inventory Level Sales Pace over a specified time period How long the inventory would take to be "used up" at the current level and pace... That is it in a nutshell. But, let's look … (31 comments)
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market report: Gwinnett Market Reports for November
- 12/02/09 03:20 PM
We have just introduced a new format for our Gwinnett County Market Reports. In addition to the traditional report covering the entire county, we have added reports for several of the cities in Gwinnett. They are viewable here:
Lilburn, GALawrenceville, GADuluth, GASuwanee, GASugar Hill, GABuford, GANorcross, GA
Of course, market stats can get kind of dry, so there are a lot of types of information on each city's page.
Zillow Market Value Graph (with a lot of interesting data...) Photos from Flickr A short history An interpretation of the market data Selection of recently sold homes in the city Links to … (3 comments)
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market report: But with the Tax Credit Extension... I can wait to buy...
- 11/08/09 03:54 PM
AgainWell, yes, you can.
The question is "Should you?"
There are a few things to keep in mind as you decide about timing on purchases using the First Time Home Buyers Tax Credit (up to $8000)... and Move Up Buyers Tax Credit( up to $6500).
How is the inventory in your local market? Will it be going up or down over the next several months? Here in the Atlanta area, inventories generally increase in the spring and decrease around the holidays. This means that there are more homes to choose from during the spring and early summer.
What about buyer competition? … (10 comments)
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market report: Gwinnett County Market Report, Sept. 2009...
- 10/26/09 02:49 PM
The market is in a state of change. And things are in a state of flux for the next few months... and depending on what happens with the First Time Home Buyer Tax Credit, maybe longer.
Inventories are dropping and sales are rising... September numbers:
New listings - 1272, down 36% from Sept. 2008. Pending sales - 840, up 13% from Sept. 2008. Solds - 675, flat from Sept. 2008. (674 solds in Gwinnett County in Sept. 2008) Average Price - $176,937, down 11.3% from Sept. 2008. Total Listings on the Market - 6081 (10/1/09) vs 9187 (10/1/08) Absorption rates are … (2 comments)
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market report: First Time Home Buyers... I need to see all of the options.
- 09/24/09 10:27 AM
The October issue of Realtor Magazine (our industry magazine) had an interesting article about dispelling myths while educating first time home buyers. The second point was about excessive caution, and buyer, especially new buyers, wanting to see "everything on the market".
I have to admit... the writer at Realtor Magazine got another solid base hit. I have worked with buyers that wanted to see a LOT of houses... even houses that really didn't suit their purposes... even houses that they KNEW didn't suit their purposes prior to wanting to see them. And there are a LOT of houses on the … (2 comments)
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market report: First Time Home Buyers... Is the market weak?
- 09/23/09 04:42 PM
The October issue of Realtor Magazine (our industry magazine) had an interesting article about dispelling myths while educating first time home buyers. The first point was about the weakness of the housing market.
They are absolutely correct that we can't flip on the TV, radio or computer, nor pick up a newspaper or magazine... or even sit in a restaurant without hearing about the tremendous "Buyer's Market" taking place right now. Quickly, the common wisdom is that since there are few buyers in the market, the ones that are there can beat sellers into incredible deals...
Of course, there is some … (0 comments)
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market report: The Press is on...
- 09/15/09 05:07 AM
I have recieved emails this morning from the NAR and from my local association regarding the $8,000 First Time Home Buyer Tax Credit. There is a full court press from the National Association of Realtors as well as the local associations to not only continue, but expand this program. And there is NO doubt that the program has been effective, especially in the last few weeks. Entry level home sales are up.
But, honestly... it needs to end as scheduled.
But it is helping my business...
I can hear some of my real estate agent friends saying that very thing. That … (29 comments)
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market report: Think you have time to mull over that house buying decision for weeks?
- 03/31/09 03:09 PM
I have a really cool tool called the Client Gateway that I deploy for my buyers. It builds a web site for them with the new listings that meet their needs.
I was doing some maintenance today, checking for messages in the Gateways of a few buyers and seeing if I needed to get further information on properties for them. One of the things I check is properties that are "No Longer Available". The reasons a property will no longer be available are:
The listing has been Withdrawn. The listing has Expired. The home has Sold. The property is Pending Sale … (3 comments)
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market report: Premium Content?
- 03/26/09 05:24 AM
I ran across this article... I think on Twitter... and it got me thinking (always dangerous).
Now, I am NOT thinking that I should charge for my content, and frankly, I'm not really concerned with what the newspapers choose to do on their website. But, I think there is still an application.
Registration...
Some agents require registration for consumers to view listings. I don't, but there are some valid reasons to do so... and one giant reason NOT to have a registration required search. Critics point out that only a small percentage of consumers will complete the registration, and a smaller … (7 comments)
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market report: Gwinnett Market Report for March is out... on LilburnDwellings
- 03/14/09 03:35 PM
The March Market Report, looking at preliminary numbers for February, and solid numbers for January is now out on LilburnDwellings.com.
If nothing else, I have to say that we live in a dynamic market. But, we really need to see what March through May holds. We probably won't have a good handle on the market until at least June or July. There is a possibility that something big could happen between now and then, but we had a bump in September and we couldn't confirm it as a non-repeating event until December.
Wander over to LilburnDwellings and take a look.
… (0 comments)
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