the undiscovered country has been discovered · the undiscovered country has been discovered for...

NORTH GEORGIA 2006

THE UNDISCOVERED COUNTRY HAS BEEN DISCOVERED

FOR THREE GENERATIONS THE NAME YOU CAN TRUST IN NORTH GEORGIA

ATLANTAATLANTA

NORTH GEORGIA 2006

NO BUBBLE

HERE

NORTON’S MARKET COVERAGE

CORRIDOR DEVELOPMENT

CONCENTRIC BANDS

NEXT GENERATION CITIES

GROWTH TRENDS

123% 45.9% 38.6%

55.3%

57.3%

PERCENTAGE OF GROWTH 1990-2000

BANDS OF NEWLY DISCOVERED COUNTIES

BAND ONE DAWSON, FORSYTH, HALL, JACKSON, BARROW

BAND TWO LUMPKIN, WHITE, HABERSHAM,BANKS

0 5000 10000 15000 20000

White Lumpkin JacksonHallHabersham Forsyth DawsonBarrowBanks

SINGLE FAMILY BUILDING PERMITS 2000-2005

N. E. Georgia Single Family Sales Statistics Average Price

172,759131,931147,769White182,443155,666153,746Lumpkin176,619161,173149,133Jackson220,206198,147180,758Hall162,437165,941126,828Habersham307,664272,697271,035Forsyth291,902270,672242,772Dawson128,610134,144129,400Barrow147,792156,649125,251Banks

$ Average Price 2005

$ Average Price 2004

$ Average Price 2003

Area

Source: MLS, FMLS, Habersham White MLS

N. E. Georgia Residential Single Family Sales Statistics Average Price

172,759131,931147,769White182,443155,666153,746Lumpkin176,619161,173149,133Jackson220,206198,147180,758Hall162,437165,941126,828Habersham307,664272,697271,035Forsyth291,902270,672242,772Dawson128,610134,144129,400Barrow147,792156,649125,251Banks

$ Average Price 2005

$ Average Price 2004

$ Average Price 2003

Area

N. E. Georgia Residential Single Family Sales Statistics Average Price

172,759131,931147,769White182,443155,666153,746Lumpkin176,619161,173149,133Jackson220,206198,147180,758Hall162,437165,941126,828Habersham307,664272,697271,035Forsyth291,902270,672242,772Dawson128,610134,144129,400Barrow147,792156,649125,251Banks

$ Average Price 2005

$ Average Price 2004

$ Average Price 2003

Area

TOTAL REAL ESTATE SALES 2002-2005

0 500000000 1000000000 1500000000 2000000000 2500000000 3000000000 3500000000 4000000000

BANKS

BARROW

DAWSON

FANNIN

FORSYTH

FRANKLIN

GILMER

HABERSHAM

HALL

HART

JACKSON

LUMPKIN

MADISON

PICKENS

RABUN

STEPHENS

TOWNS

UNION

WALTON

WHITE

2005

2004

2003

2002

COPYRIGHT NI 2006COPYRIGHT NI 2006

WALMARTS

BAND ONE DAWSON, FORSYTH, HALL, JACKSON, BARROW

NORTH GEORGIA POPULATION 1990

BAND ONE

0 20000 40000 60000 80000 100000 120000

BARROW

DAWSON

FORSYTH

HALL

JACKSON

COPYRIGHT NATIVE INTELLIGENCE 2006

NORTH GEORGIA POPULATION GROWTH 1990 -2000

BAND ONE

0 20000 40000 60000 80000 100000 120000 140000 160000

BARROW

DAWSON

FORSYTH

HALL

JACKSON

2000

1990

COPYRIGHT NATIVE INTELLIGENCE 2006

NORTH GEORGIA POPULATION GROWTH 1990 -2000-2005

BAND ONE

0 20000 40000 60000 80000 100000 120000 140000 160000 180000

BARROW

DAWSON

FORSYTH

HALL

JACKSON

2005

2000

1990

COPYRIGHT NATIVE INTELLIGENCE 2006

BAND TWO LUMPKIN, WHITE, HABERSHAM,BANKS

NORTH GEORGIA POPULATION 1990

BAND TWO

0 5000 10000 15000 20000 25000 30000

BANKS

HABERSHAM

LUMPKIN

WHITE

COPYRIGHT NATIVE INTELLIGENCE 2006

NORTH GEORGIA POPULATION GROWTH 1990 -2000

BAND TWO

0 5000 10000 15000 20000 25000 30000 35000 40000

BANKS

HABERSHAM

LUMPKIN

WHITE

COPYRIGHT NATIVE INTELLIGENCE 2006

NORTH GEORGIA POPULATION GROWTH 1990 -2000-2005

BAND TWO

0 5000 10000 15000 20000 25000 30000 35000 40000 45000

BANKS

HABERSHAM

LUMPKIN

WHITE

COPYRIGHT NATIVE INTELLIGENCE 2006

BAND ONE DAWSON, FORSYTH, HALL, JACKSON, BARROW

DAWSON• NORTH GEORGIA PREMIUM OUTLET DRIVING

RETAIL GROWTH

• AVERAGE HOME VALUES HAVE INCREASED FROM 156,000 (2000) TO 295,000 (2005)

• WHITE COLLAR GROWTH AND URBAN SOCIAL STRUCTURE

• POPULATION STILL RELATIVELY SMALL ESTIMATED AT 22,000 (2005)

RETAIL CUSTOMER BASE

16%

11%

9%11%

14%

8%

5%

5%11% 10%

HALLFORSYTHLUMPKINDAWSONFULTONGWINNETTDEKALBCHEROKEEOTHEROUTSTATE

NORTH GA PREMIUM OUTLET 2003

COPYRIGHT NATIVE INTELLIGENCE 2006

FORSYTH• POPULATION EXPLODING ESTIMATED AT

145,000 (2005)

• 18,500 NEW HOUSING PERMITS SINCE 2000

• MAJOR NATIONAL DEVELOPERS MOVING INTO MARKET

• LINK WITH LANIER PROVIDES EXECUTIVE AND SECOND HOME HOUSING BASE

LAKE LANIER DOLLAR VOLUME OF ALL SALES

0

50

100

150

200

250

MIL

LIO

NS

92 93 94 95 96 97 98 99 2000 2001 2002 2003 2004 2005

SOURCE MLS/FMLSCOPYRIGHT NATIVE INTELLIGENCE 2005

LAKE LANIER AVERAGE SALE PRICE

0

100000

200000

300000

400000

500000

600000

DO

LLA

RS

90 91 92 93 94 95 96 97 98 99 2000 2001 2002 2003 2004 2005

YEARSOURCE MLS/FMLSCOPYRIGHT NATIVE INTELLIGENCE 2005

HALL• POPULATION ESTIMATED AT 182,000

INCLUDING 50,000+ HISPANICS

• NEW COUNTY COMMISSION IS PRO-GROWTH

• DIVERSIFIED ECONOMIC BASE POULTRY, HOUSING, MEDICAL AND FINANCIAL SERVICES

• NATURAL MIGRATION POINT OUT OF GWINNETT

05

101520253035

0-5 6 10 11 14 15 18 18 30 30 50 50 &UP

YEAR

%

COPYRIGHT 2004 NATIVE INTELLIGENCE

HISPANIC AGEHALL COUNTY BREAKDOWN

HALL COUNTY LIVE BIRTHS 2004

48%

45%5%

2%

WHITE

HISPANIC

BLACK

OTHER

NATIVE INTELLIGENCE 2006 NEGA MED

THE ATLANTA FALCONS, FLOWERY BRANCH GA

NORTHEAST GA HEALTH SYSTEMS

JACKSON• RAPIDLY EVOLVING INTO INDUSTRIAL

DISTRIBUTION POWER HOUSE

• GEOGRAPHICALLY ROLLING AND FLAT WITH LARGE FARM HOLDINGS INTACT

• 5 MAJOR EXITS ON I-85 AND 4 SEWER PROVIDERS

• MAJOR ATLANTA DEVELOPERS ENTERING THE MARKET QUICKLY

I-85

INDUSTRIAL DEVELOPMENT 2004-2005

HOME DEPOTPROGRESSIVE

LIGHTING

LYSOLSPECTRUMBRANDS

TAKEUCHI

NORTH AMERICAN

HAVERTY’SEXPANSION

KUBOTA

TOYOTA

INDUSTRIAL 1 MILLION SF+ SITES

DUKE

VALENTINE

PATTILLO

VALENTINE

ROOKERROOKER

Y E BOLTON

HASTON BRADEY

DENSMORE

HART GATEWAY

BARROW• LOWER TO MID PRICE HOUSING MECCA

FOR GWINNETT AND DEKALB COUNTIES

• AVERAGE NEW HOMES SOLD IN 2005 WAS $128,610

• 80% OF THE COUNTY ZONED AGRICULTURAL OR TIMBER …LARGELY UNDERVELOPED

THE EPICENTEROF RESIDENTIAL GROWTH

BAND TWO LUMPKIN, WHITE, HABERSHAM,BANKS

LUMPKIN• NEXT DOMINO OF HIGH INCOME

GROWTH ALONG GA 400

• NEW RETAIL CENTER WITH HOME DEPOT AT HWY 60/ GA 400

• AGGRESSIVE COUNTY COMMISSION UNDERSTANDS THE NEED FOR PLANNING AND IMFRASTRUCTURE

WHITE• STRONG SECOND HOME MARKET

• NEW MOUNTAIN PROTECTION CONTROLS WILL STIMULATE AND PROTECT VALUES

• ACCESSIBILITY TO OTHER MARKETS STILL DIFFICULT

HABERSHAM

• STRONG REGIONAL RETAIL CENTER DEVELOPING AT MIDWAY US 441/ US 365

• RETIREMENT COMPONENT INTERRELATED WITH MEDICAL SERVICES

BANKS• ONE OF THE MOST REASONABLE LAND

VALUES IN THE REGION

• MARKET DYNAMICS HAVE BEEN HELD BACK BY COUNTY LEADERSHIP –CHANGING

• PRIME RETAIL CENTER AND INDUSTRIAL OPPORTUNITIES FLOWING OUT OF GWINNETT AND JACKSON

nativeintelligence

SELECT COUNTIES% GROWTH 1990-2000

0 20 40 60 80 100 120 140

BANKS

BARROW

DAWSON

FORSYTH

HABERSHAM

HALL

JACKSON

LUMPKIN

WHITE

SELECT COUNTIES% GROWTH 1990-2000

0 20 40 60 80 100 120 140

BANKS

BARROW

DAWSON

FORSYTH

HABERSHAM

HALL

JACKSON

LUMPKIN

WHITE

SELECT COUNTIES% GROWTH 1990-2000

0 20 40 60 80 100 120 140

BANKS

BARROW

DAWSON

FORSYTH

HABERSHAM

HALL

JACKSON

LUMPKIN

WHITE

SELECT COUNTIES2004 MEDIAN HOUSEHOLD

INCOME

0 10000 20000 30000 40000 50000 60000 70000 80000 90000 100000

BANKS

BARROW

DAWSON

FORSYTH

HABERSHAM

HALL

JACKSON

LUMPKIN

WHITE

HALL HOME PURCHASES 2005

89%

10%

1%

WHITE

HISPANIC

BLACK

COPYRIGHT NATIVE INTELLIGENCE 2006

Jackson Industrial Expansion

3,990,000 Sq FtTotal140,000North American Stainless 450,000Kubota 500,000Progressive Lighting600,000 Haverty’s800,000Spectrum Brands 450,000Lysol 200,000Takeuchi350,000Toyota 500,000 Home Depot