Lilburn, GA Market Report, October 2010
November 29th, 2010 Categories: For Buyers, For Sellers, Lilburn
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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.
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- There is a new City Hall coming to Lilburn, GA… (lanebailey.com)
- Big League Dreams another step closer to Lilburn… (lilburndwellings.com)
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There is a new City Hall coming to Lilburn, GA…
November 5th, 2010 Categories: Lilburn
It will take two to three years, but Lilburn is slated to get a new City Hall. There will also be a new Library, and the current City Hall will go to the Police Department… the chambers where the Council meetings are held will be a new courtroom in the Police Department.
The best part is that Gwinnett County is picking up part of the cost, with much of the rest being paid for by SPLOST (Special Purpose Local Option Sales Tax). According to city officials, maintenance costs will drop after the adoption of the new City Hall.
The new City Hall will be built on 5 acres near Main Street and US29 (Lawrenceville Hwy.).
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Big League Dreams another step closer to Lilburn…
November 5th, 2010 Categories: Lilburn
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Over on my LilburnDwellings blog a few weeks ago I wrote about Big League Dreams possibly coming to Lilburn, GA. At that time, the city was thinking about spending $450,000 (refundable, according to the City) for a feasibility study from Big League Dreams regarding building a facility here in Lilburn.
Last week, the City approved the feasibility study based on a market study conducted by BLD. According to the market study, Gwinnett is ripe for their type of facility. However, there seem to be some problems that I see in the study… running counter to the goals of the facility. The most glaring is that the City of Lilburn wants to bring people here to eat in our restaurants and stay in local hotels, but according to the study, the vast majority of users will be from within Gwinnett County. Another item (that I didn’t see mentioned in the study) is that there aren’t many hotel rooms or a variety of restaurants within the city limits… where it would increase tax revenue.
There is more information here on the Gwinnett Daily Post.
I think that there needs to be a LOT more public input before the city commits to $20,000,000 for one of these facilities. And I think that there need to be some studies done apart from BLD… they have little risk, they would build the facility, but the city would pay for it, then BLD operates it… and charges the city to do it. Even if it falls radically short of expectations, BLD can still profit.
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Lilburn, GA Market Report, September 2010
October 28th, 2010 Categories: For Buyers, For Sellers, Lilburn
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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)
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Gwinnett County Schools Get $1M Scholarship
October 19th, 2010 Categories: For Buyers, Lilburn
- Image by lane.bailey via Flickr
It was announced today that the Gwinnett County Public School system was awarded a $1,000,000 scholarship grant from the Eli and Edythe Broad Foundation. The $1,000,000 will go out as scholarships to needy students within the district.
Gwinnett took the top honors because of their high standards of performance for students regardless of race. They beat out Charlotte-Mecklenburg Schools in North Carolina, Montgomery County Public Schools in Maryland, and Socorro Independent School District and Ysleta Independent School District in El Paso, Texas, for the award. The award is for districts that show the most gains in student performance and closing minority achievement gaps.
Something else that should be kept in mind is that the GCPS has done this on a budget that is quite austere compared to some other local districts, such as the City of Atlanta Schools. GCPS spends under $9,000/student, yet achieves better results than the City of Atlanta, which spends over $12,000/student.
Another feat that GCPS should be proud of is that they have achieved a high school graduation rate of 84 percent and 90 percent of those graduates go on to college or other post-secondary training.
I’m not a huge fan of public education (I’d like to see vouchers), but it is obvious that the Gwinnett County Public School system is doing some things correctly… and that they would be able to compete if there were vouchers in the district. In fact, I think that many parents in adjoining districts would try to get their children into GCPS if they had the opportunity.
And don’t forget that Lilburn, GA is home to two of the best performing groups of schools in the Gwinnett system, Parkview and Brookwood. I happen to know of a few homes for sale in the area… ;^ )
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- Ga. School District Wins $1M Broad Prize (huffingtonpost.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.
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Big League Dreams in Lilburn?
September 9th, 2010 Categories: Lilburn
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The City of Lilburn is mulling over a plan to bring a ‘Big League Dreams‘ sports complex to the city. It would be located near US29 and Indian Trail-Lilburn Rd.
The plan is not without controversy, and the company is not without its detractors. And it isn’t cheap… the cost is expected to be $20M+ and the company has a history of going well over their initial estimates by the time construction completes. And that won’t likely be for 2+ years…
The Gwinnett Daily Post had an article the other day about it, and mentioned that there will be an agenda item about it on the September 13th City Council meeting.
What do you think? Is this a cool plan for Lilburn to revitalize itself? Or is it a boondoggle?
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Arcado Cub Scout Round-up, August 12th
August 9th, 2010 Categories: Lilburn, Things to do
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Arcado Elementary School will be hosting a ‘Round-up’ on Thursday, August 12th, for boys interested in joining Cub Scouts. The event will run from 7:00pm until 8:00pm.
Cub Scouting is a program for boys between 1st and 5th grade. Pack 551, the Arcado Elementary School Pack, has wonderful opportunities for boys to learn, socialize and gain experiences that they might otherwise not be able to have.
From the Boy Scouts of America website:
Activities are used to achieve the aims of Scouting—citizenship training, character development, and personal fitness. Many of the activities happen right in the den and pack. The most important are the weekly den meetings and the monthly pack meetings. Apart from the fun and excitement of Cub Scout activities, the Cub Scout Promise, the Law of the Pack, and the Cub Scout sign, handshake, motto, and salute all teach good citizenship and contribute to a boy’s sense of belonging.
Adult volunteers are also needed. Den Leaders and others to help directly and indirectly support Pack 551 and its Scouts can volunteer on Thursday. Training is provided by BSA.
Scouting is a very worthwhile activity for boys and their families. And Cub Scouting especially, is quite family friendly. Events are offered that not only allow parents, but also siblings to participate. Scouts can also earn credits to offset the costs associated with Scouting, including uniforms, trips and supplies.
We look forward to seeing you there.
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Welcome Arcado’s new Principal, Penny Palmer-Young
August 7th, 2010 Categories: Lilburn
- Image by lane.bailey via Flickr
For the last few years, Arcado Elementary School has had Joe Ahrens in the top post. He has positioned Arcado Elementary School as one of the highest ranked in Gwinnett County. Excellent school spirit, very high test scores and a sense of community have all been fostered under his leadership.
This year, Arcado will have a new top administrator, Penny Palmer-Young. She is committed to continuing the performance excellence of the school.
She was born and raised here in Gwinnett County, and graduated from Brookwood High School (she can be forgiven… ;^ ). Ms. Young has also spent a few years working in other schools in the Parkview Cluster, including Knight Elementary.
As our kids enjoy their last weekend of “freedom” before school starts on Monday, join me in welcoming Ms. Young as Arcado Elementary School’s newest Principal. We are all looking forward to many more years of Arcado being one of the top performing elementary schools in Gwinnett County under her leadership.
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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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