Lawrenceville Market Report, March, 2010

By
Real Estate Agent with Century 21 Results Realty

 

 

Lawrenceville GALawrenceville 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 home to the Gwinnett Braves, playing at the Gwinnett Stadium on GA20 between I-85 and GA316.  Possibly the most famous resident of Lawrenceville was Oliver Hardy. As a small boy he lived in Lawrenceville with his parents for a short time. LAwrenceville was also home to Junior Samples. Some of its other residents included Jeff Francouer, Brian McCann and Jennifer Ferrin.

 

Market stats for Lawrenceville, January, 2010, indicate that there are 1441 properties on the market. Overall, there is about an 10 month supply of properties, with a slight deceleration in sales.

 

In the sub-$200k arena, there are 1028 listings, with about a 7 month supply of homes. Sales accelerated through November, but then fell off as the first tax credit was slated to end... and the Holiday slowdown hit.

 

Between $200k and $400k, there are 358 listings for sale, and about 17 months of supply.  Sales have slowed dramatically since December.

 

From $400k to $600k, there are 33 homes on the market. The absorption rate is around 50 months.  However, with the level of sales in this segment, a couple of sales added or subtracted can have a HUGE impact.  

 

In the $600k to $800k arena, there are 15 listings, with about 45 months of supply.  As with the lower priced segment, a couple of sales makes a big difference.

 

Above $800k there are 7 homes listed and no sales data to give an accurate absorption rate.  There hasn't been one sale in this range in the last 15 months, according to FMLS. 

 

From LaneBailey.com.  I have a page dedicated to Lawrenceville Market Data.

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