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Market stats for Lilburn, December, 2010, indicates that there are 379 properties on the market (as of December 31st). Overall, there is about a 10.9 month supply of properties.  Lilburn is actually mid-pack among cities in Gwinnett County.  The Absorption Rates had been getting worse since August, but December clocked an improvement from 11.8 months of inventory in November.  In March there were 15.3 months of inventory.

In the sub-$200k arena, there are 244 listings, with about an 8.0 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 drastically higher than December 2009 (31 v 22).  Oddly, the Absorption Rate is exactly the same as a year ago.

Between $200k and $400k, there are 114 listings for sale, and about 28.5 months of supply. This segment has been quite weak for months.  Having 0 sales in December, and only 6 each on November and October didn't help.  For comparison, in 2009 there were 18 sales in October, 9 in November and 7 in December.  The expected end of the tax credit last year started pushing sales down in Nov. 2009.  While the Absorption Rate got slightly better compared to last month, the change was marginal.

From $400k to $600k, there are 16 homes on the market. The absorption rate is around 48 months. There  were no sales in this segment in May, June, July, October or December this year.  There were only 4 sales in August and September(combined). November had 1 sale (2 last year). Last summer was much stronger overall.  With just a few sales, just one or two can make a huge difference.

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 five 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.

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• Lilburn, GA Market Report, November 2010 (lanebailey.com)
• Lilburn, GA Market Report, October 2010 (lanebailey.com)
• Interesting Homes Around Lilburn GA (lanebailey.com)
• There is a new City Hall coming to Lilburn, GA... (lilburndwellings.com)
• Flashback Friday... Where in the World is Lilburn? (gwinnettgarageguy.com)

Lilburn Market Data on LaneBailey.com

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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.

Related articles

• Lilburn, GA Market Report, September 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

Market stats for Lilburn, January, 2010, indicate that there are 390 properties on the market (as of February 28th). Overall, there is about a 15 month supply of properties, with a slight acceleration in sales during October and November, but slowing in December and January, flat in February.

In the sub-$200k arena, there are 226 listings, with about an 11.5 month supply. The same pattern holds, that sales accelerated through October and November and slowed after that, but bumped slightly in February.

Between $200k and $400k, there are 147 listings for sale, and about 26 months of supply. This segment has been getting weaker each month since November..

From $400k to $600k, there are 12 homes on the market. The absorption rate is around 3 years, and it is definately slowing.  Of course, there is a seasonal dip around the Holidays and the pick-up isn't until March and April.  

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 two other sales in 2009 (February and November).  Two of the listings are 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.

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