news: 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)

news: Terra Sol by Pulte near Lilburn - 02/07/11 12:57 PM
A few years ago this property was started. One home was built, along with the future clubhouse. The tennis courts were installed and the swimming pool was roughed in. Some of the streets had been laid, and many of the homesites had been prepped.
And that is how the property had sat for the last several years. It just wasn't worth building out during the worst of the real estate meltdown.
Apparently that has changed now... Pulte has begun construction on the project again. The actually tore down the house that had been built onsite, cleaned up the entrance and begun … (0 comments)

news: Smile... - 01/28/11 05:40 AM
Image via Wikipedia You're on Candid Camera...
Remember that show?
The City of Lilburn recently announced that they were going to be installing a video surveillance system along the City's Greenway Trail.  There are already 14 cameras that Lilburn, GA Police use to keep an eye on City Park (the tennis courts, playground and walking loop).  Iron Sky will be installing 19 new cameras along the Greenway Trails running out of City Park.
And if you haven't been on the Greenway Trails, you really should.  They provide some really great recreational opportunities.
(This is a different type of Photo Friday...)
(3 comments)

news: 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)

news: 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)

news: 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)

news: 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)

news: 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)

news: 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)

news: 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)

news: 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)

news: Lane's Prognostications for 2011... - 01/10/11 12:57 PM
Image by thinkpanama via Flickr We'll see how well I peg this.
Lane's Predictions for 2011... Looking back over the last year or two in real estate market reports, there are a few things that have been jumping out at me.
For over two years I have been hearing about the millions of homes in "Shadow Inventory".  These are properties in the foreclosure process, or already foreclosed, that the banks are basically sitting on, waiting until "the market improves" before releasing them into the market.  I predict that next year there will STILL be people talking about the coming giant wave … (2 comments)

news: 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)

news: 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)

news: 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)

news: 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)

news: 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)

news: 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)

news: Lilburn, GA Market Report, November 2010 - 12/15/10 12:40 PM
Image via Wikipedia Market stats for Lilburn, November, 2010, indicates that there are 425 properties on the market (as of November 30th). Overall, there is about a 11.8 month supply of properties.  Lilburn is actually mid-pack among cities in Gwinnett County.  Absorption Rates had been improving since March, until September.  In fact, in March there were 15.3 months of inventory.
In the sub-$200k arena, there are 264 listings, with about an 8.6 month supply.  This represents most of the sales in the market area, and reflects the same improvement in inventory levels, continuously since March, until October.  Sales were on par … (0 comments)

news: Gwinnett Market Report Preview, November 2010 - 12/12/10 01:44 PM
Image via Wikipedia I was just online grabbing a few numbers for the upcoming market reports for Gwinnett County, GA.  Starting around 12/16/10, we will rolling out the reports for Lilburn, Lawrenceville, Duluth, Suwanee, Sugar Hill, Buford and Norcross, GA.  The reports are pretty in-depth.  They will include:
Reports broken out by price segment Under $200k $200k-$400k $400k-$600k $600k-$800k $800k-$1m Over $1m Overall Market Each locality includes the Absorption Rate for each price segment Each segment includes analysis regarding acceleration/deceleration and what factors may be affecting that segment New this month, each price/location will be linked to the search for properties … (0 comments)

 
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Suwanee, GA

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