For Sellers Category
Lilburn, GA Market Report, April 2011
May 27th, 2011 Categories: For Buyers, For Sellers, Lilburn
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Market stats for Lilburn, GA, April, 2011, indicates that there were 440 properties on the market (as of April 30th). Overall, there was about an 10.6 month supply of properties and 44 properties that closed (sold) in April. I had been looking for an increase in sales for March and it came through. And while April was an increase over last year’s sales (36), it was a decrease from March, 2011 (55 sales). Usually, we would be on an upswing until July or August. I’m still hopeful… the Absorption Rate notched down a little.
In the sub-$200k arena, there are 310 listings, with about an 9.6 month supply with 32 sales. This represents most of the sales in the market area. Sales dropped sharply from last month (43), and were only slightly above last year (31). While the Absorption Rate dropped slightly from 9.7 to 9.6 months of inventory, I really wanted to see more movement in this segment.
Between $200k and $400k, there are 115 listings for sale, and about 14.4 months of supply. This segment has been quite weak for months. Having 0 sales in December, and only 6 in November didn’t help. Nine sales in January was HUGE. But, February was back down below last year. March was strong last year, but a little stronger this year (9 v 8 in 2010). April was HUGE… 11 sales compared to just 4 last year. If May stays strong, this could signal a return to a more balanced segment… and Lilburn has been missing that.
From $400k to $600k, there are 11 homes on the market. The absorption rate is 11 months. There were no sales in this segment from December through February, but there were 2 in March, which really turned the segment around, followed by 1 sale for April. It doesn’t seem like much, but this is a segment hasn’t posted that many months with back to back sales… Watch May, because there haven’t been sales posted three months in a row since 2009.
From $600k to $800k, $800k to $1M and Above $1M, there are 4 listings (combined), but too few sales to have any sort of reliable number of months of inventory. March posted the first sale since August, 2010. It was in the $600-$800k range. One of the listings is above $1M (none between $800k and $1M), and there is no market activity in the last 12 months for that range…
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 groundhog with a better winter prediction record that Puxatawnee Phil up in PA. Dominique Wilkins, formerly of the Atlanta Hawks also lives in Lilburn.
I have a page dedicated to Lilburn Market Data.
Related articles
- Lilburn, GA Market Report, March 2011 (lanebailey.com)
- Lilburn, GA Market Report, February 2011 (lanebailey.com)
- Lilburn, GA Market Report, January 2011 (lanebailey.com)
- Lilburn, GA Market Report, December 2010 (lanebailey.com)
- Lilburn, GA Market Report, November 2010 (lanebailey.com)
- Lilburn, GA Market Report, October 2010 (lanebailey.com)
- Wayback Wednesday… The Lilburn CID (lanebailey.com)
- Terra Sol by Pulte near Lilburn (lanebailey.com)
- Lilburn agrees to November vote on Sunday sales (ajc.com)
from LaneBailey.com
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Lilburn, GA Market Report, November 2010
December 17th, 2010 Categories: For Buyers, For Sellers
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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 with November 2009 (28 v 24).
Between $200k and $400k, there are 134 listings for sale, and about 28.7 months of supply. This segment has also been getting stronger each month since March, until September. There were only 2 sales in September 2010, compared to 11 last year and 6 in October v 18 in 2009. November held 6 sales in 2010 v 9 in 2009. The expected end of the tax credit last year started pushing sales down in Nov. 2009.
From $600k to $800k, $800k to $1M and Above $1M, there are 5 listings (combined), but too few sales to have any sort of reliable number of months of inventory. There has been one sale in the last four months, but prior, there had only been a few other sales in 2010 (January, March and August). One of the listings is above $1M (none between $800k and $1M), and there is no market activity in the last 12 months for that range…
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 groundhog with a better winter prediction record that Puxatawnee Phil up in PA. Dominique Wilkins, formerly of the Atlanta Hawks also lives in Lilburn.
I have a page dedicated to Lilburn Market Data.
Related articles
- Lilburn, GA Market Report, October 2010 (lanebailey.com)
- Lilburn, GA Market Report, September 2010 (lanebailey.com)
- Lilburn, GA Market Report, August 2010 (lanebailey.com)
Lilburn GA market Report from LaneBailey.com
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Flashback Friday… Absorption Rates, What Are They?
December 4th, 2010 Categories: For Buyers, For Sellers
- Image via Wikipedia
I talk about Absorption Rates all of the time… In fact, in at least 8 posts a month (all of my market report posts) Absorption Rates play a key role. Understanding what they are and why they matter is a key part of understanding my market reports.
Last year I wrote an in-depth post about exactly what Absorption Rates mean. I tried to make it a little more real by talking about how it relates to keeping a stock of frozen Pizza around the house.
The concept isn’t terribly difficult to understand, but can sound complicated… It is one of those things that a lot of people smack themselves in the forehead when they all of a sudden “get it”… and wonder why they didn’t see it all along.
Drop in and take a look… This is a post that I will reference often…
Related articles
- Duluth, GA, Market Report, October 2010 (lanebailey.com)
- Suwanee, GA, Market Report, September 2010 (lanebailey.com)
- Gwinnett County, GA, Market Report, August 2010 (lanebailey.com)
- Lilburn, GA Market Report, October 2010 (lilburndwellings.com)
- Flashback Friday… Absorption Rates, What Are They? (lanebailey.com) original source
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Lilburn, GA Market Report, October 2010
November 29th, 2010 Categories: For Buyers, For Sellers, Lilburn
- Image via Wikipedia
Market stats for Lilburn, October, 2010, indicates that there are 444 properties on the market (as of October 31st). Overall, there is about a 10.7 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 was 15.3 months of inventory.
In the sub-$200k arena, there are 278 listings, with about an 8.2 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. And, one other thing to keep in mind is that sales were strong compared to October 2009 (32 v 26).
Between $200k and $400k, there are 139 listings for sale, and about 24.5 months of supply. This segment has also been getting stronger each month since March, until last month. There were only 2 sales in September 2010, compared to 11 last year and 6 in October v 18 in 2009.
From $400k to $600k, there are 21 homes on the market. The absorption rate is around 15.8 months. There were no sales in this segment in May, June, July or October this year. There were only 4 sales in August and September(combined). Last summer was much stronger overall. With just a few sales, just one or two can make a huge difference.
Above $600k, there are 6 listings, but too few sales to have any sort of reliable number of months of inventory. There has been one sale in the last three months, but prior, there had only been a few other sales in 2010 (January, March and August). One of the listings is above $800k, and there is no market activity in the last 12 months for that range…
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 groundhog with a better winter prediction record that Puxatawnee Phil up in PA. Dominique Wilkins, formerly of the Atlanta Hawks also lives in Lilburn.
I have a page dedicated to Lilburn Market Data.
Related articles
- Lilburn, GA Market Report, September 2010 (lanebailey.com)
- Lilburn, GA Market Report, October 2010 (lanebailey.com)
- Lilburn, GA Market Report, August 2010 (lanebailey.com)
- There is a new City Hall coming to Lilburn, GA… (lanebailey.com)
- Big League Dreams another step closer to Lilburn… (lilburndwellings.com)
from LaneBailey.com
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Lilburn, GA Market Report, September 2010
October 28th, 2010 Categories: For Buyers, For Sellers, Lilburn
- Image via Wikipedia
Market stats for Lilburn, September, 2010, indicates that there are 443 properties on the market (as of September 30th). Overall, there is about a 9.8 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 was 15.3 months of inventory.
In the sub-$200k arena, there are 273 listings, with about an 7.7 month supply. This represents most of the sales in the market area, and reflects the same improvement in inventory levels, continuously since March. And, one other thing to keep in mind is that sales were strong compared to September 2009 (32 v 25).
Between $200k and $400k, there are 146 listings for sale, and about 19 months of supply. This segment has also been getting stronger each month since March, until this month. There were only 2 sales in September 2010, compared to 11 last year.
From $400k to $600k, there are 20 homes on the market. The absorption rate is around 15 months. There was one more sale in September 2010 (1) v September 2009 (0) as this year, but there were no sales in this segment in May, June or July this year. Last summer was much stronger overall. With just a few sales, just one or two can make a huge difference.
Above $600k, there are 4 listings, but too few sales to have any sort of reliable number of months of inventory. There has been one sale in the last three months, but prior, there had only been a few other sales in 2010 (January, March and August). One of the listings is above $800k, and there is no market activity in the last 12 months for that range…
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 groundhog with a better winter prediction record that Puxatawnee Phil up in PA. Dominique Wilkins, formerly of the Atlanta Hawks also lives in Lilburn.
I have a page dedicated to Lilburn Market Data.
Related articles
- Lilburn, GA Market Report, August 2010 (lanebailey.com)
- Big League Dreams in Lilburn? (lilburndwellings.com)
- Gwinnett County Schools Get $1M Scholarship (lanebailey.com)
from LaneBailey.com
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Lilburn, GA Market Report, August 2010
September 30th, 2010 Categories: For Buyers, For Sellers
- via Lane Bailey
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 groundhog with a better winter prediction record that Puxatawnee Phil up in PA. Dominique Wilkins, formerly of the Atlanta Hawks also lives in Lilburn.
Market stats for Lilburn, August, 2010, indicates that there are 481 properties on the market (as of August 31st). Overall, there is about a 9.6 month supply of properties. Lilburn is actually one of the better performing cities in Gwinnett County. Absorption Rates have been improving since March. In fact, in March the re was 15.3 months of inventory.
In the sub-$200k arena, there are 292 listings, with about an 7.8 month supply. This represents most of the sales in the market area, and reflects the same improvement in inventory levels since March. And, one other thing to keep in mind is that sales were VERY strong compared to August 2009 (38 v 25).
Between $200k and $400k, there are 162 listings for sale, and about 14.3 months of supply. This segment has also been getting stronger each month since March. However, there were only 9 sales in August 2010, compared to 13 last year.
From $400k to $600k, there are 22 homes on the market. The absorption rate is around 22 months. There were exactly the same number of sales in August 2009 (3) as this year, but there were no sales in this segment in May, June or July. Last summer was much stronger. With just a few sales, just a sale or two can make a huge difference.
Above $600k, there are 5 listings, but too few sales to have any sort of reliable number of months of inventory. There has been one sale in the last three months, but prior, there had only been a few other sales in 2010 (January and March). Two of the listings are above $800k, and there is no market activity in the last 12 months for that range…
I have a page dedicated to Lilburn Market Data.
Related articles by Zemanta
- Big League Dreams in Lilburn? (lilburndwellings.com)
- This is what I feared… Gwinnett Market Report – July, 2010 (lanebailey.com)
from LaneBailey.com
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Ade For Al… Enjoy some Lemonade and Help a Family
June 18th, 2010 Categories: For Sellers, Lilburn, Things to do
Many of you might have heard about Al Real. He is 8 years old, and a student at Arcado Elementary School here in Lilburn. On June 7th, while playing with a friend, Al received 3rd degree burns over 80% of his body. He was rushed to Grady’s Burn Unit, and from there sent to the Shriner’s Hospital’s Burn Unit in Cincinnati, OH. That is supposed to be one of the best burn specialists for children in the world. At best, he faces a long and arduous journey back to health… And that journey has begun with skin grafts and surgeries.
As a parent, I can’t begin to understand the pain that Al’s parents are going through. Knowing that there isn’t anything that we can do to make the hurt go away HAS to be difficult. The thought of my child being in that situation scares me to death.
Al’s mom, Angela, was my older child’s Pre-K teacher. She was also his teacher for summer camp a couple of years ago, and I saw her regularly through this school year as my younger child was at the pre-school in which she taught. So, this isn’t about some stranger to me… this is about a friend.
Ade For Al
On Friday, June 18th, the Arcado Elementary PTA will have a Lemonade Stand at the Lilburn Farmer’s Market at Lilburn City Park. The Farmer’s Market runs from 4-8pm. This is to help the family defray some of the costs they are experiencing as they care for Al in Ohio. Al’s father still has to remain in Lilburn most of the time to work, while Angela and their 8 month old are in Ohio with a few other family members.
We’d love for you to come out and enjoy a glass of lemonade while helping out the Reals.
Here is a link to the above video if the embed doesn’t work.
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Lilburn Market Report – March, 2010
May 9th, 2010 Categories: For Buyers, For Sellers, Lilburn, Parkview, Things to do
Market stats for Lilburn, GA March, 2010, indicate that there are 419 properties on the market (as of March 31st). Overall, there is about a 15.3 month supply of properties, with a slowing in sales since December. That is fairly normal for the winter season. March sales were up compared to 2009, though. Read the rest of this entry »
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Lilburn, GA, on FaceBook will be changing…
April 7th, 2010 Categories: For Buyers, For Sellers, Lilburn, Things to do
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Still working on the details, but there are changes coming.
The end goal is to create more of a hyper-local news site. As we build towards that goal, we are inviting local businesses to post specials and information for Lilburn area residents. The real estate content is going to be ratcheted down as the other content is built up.
There will also be a few surprises coming… Read the rest of this entry »
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Lilburn Market Report, March, 2010
March 9th, 2010 Categories: For Buyers, For Sellers, Lilburn
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 groundhog with a better winter prediction record that Puxatawnee Phil up in PA. Dominique Wilkins, formerly of the Atlanta Hawks also lives in Lilburn.
Market stats for Lilburn, January, 2010, indicate that there are 359 (January 31st) properties on the market. Overall, there is about a 10 month supply of properties, with a slight acceleration in sales during October and November, but slowing in December and January. Read the rest of this entry »
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