It has been a "hot summer" of sales in the Lilburn area. Low interest rates coupled with bottomed out home prices have combined for a brisk season of sales. The city of Lilburn covers parts of the Parkview, Brookwood, Berkmar and Meadowcreek school districts.
Here is brief snap shot of how Lilburn faired during the summer buying season:*
May to August sales: 222
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Price range: $27,900-$499,000
Distressed: 90 homes
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Percentage of distressed properties: 40.54 percent
Average days on the market for sold listings: 77
Months supply of inventory: 3.4 (The lower this number, the more prices should be increasing.)
Here are the average priced homes for the two main schools in Lilburn:
$139,459 with average days on the market at 85 for a total of nearly $16.5 million in combined sales
$83,583 with average days on the market at 55 for a total of nearly $13.9 million in combined sales.
Featured Foreclosure/Deal of the Week:
Parkview: 5 bedroom, 3.5 bath Parkview beauty with full basement
Parkview: 4 sided brick, 3 bed 2.5 bath steal
Berkmar: Charming 3 bed, 2.5 bath near shopping
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*Please keep in mind that this information is based on GAMLS/FMLS data and that some agents may not have listed homes as distressed when they were.