Hello everyone,
I just wanted to give you guys an update on the city of Johns Creek since I moved out here since June 30th 2011. Recently the city has ranked #2 as the safest city to live in the state of Georgia and #3 best places to live in the country. The North Atlanta market peaked in July 2007 and crash down to 1996 price levels in March 2012. Today Gwinnett County has double in value from its 2012 levels and most counties of North Atlanta has just recently surpasses the July 2007 levels making new highs.
Source:
http://www.valuepenguin.com/2015-safest-places-georgia-study
Source:
http://patch.com/georgia/johnscreek/johns-creek-ranks-3rd-americas-50-best-cities-list
Also what is interesting is that the Asian migration pattern of Johns Creek is very similar to that of Irvine (census data of 2000) and Cupertino (census data 1990). Johns Creek is the fourth largest city in metro Atlanta and its Asian population was at 13% in 2007, 23% in the 2010 census, and by 2020, I estimate that close to 35% of the City of Johns Creek will be made up of Asian Households.
Source:
https://en.wikipedia.org/wiki/Johns_Creek,_Georgia
Since some time has now passed I can some similarities in the Asian migration patterns in these three cities. The HI ratio is simply the median home price / median household income. The higher this number the more unaffordable home ownership is. I see it similarly to valuating the PE ratio to a company stock.
Monta Vista High is the flagship high school of Cupertino, CA. In 1995, Monta Vista became an Asian majority high school.
Cupertino, CA - Northern California
median income: $145,367
median home price : $1,768,700
HI ratio: 12.16
University High is the flag ship high school of Irvine, CA. In 2004, University High became an Asian majority high school.
Irvine, CA - Southern California
median income: $98,923
median home price: $733,100
HI ratio: 7.41
Northview High is the flag ship high school of Johns Creek, GA. In 2012, Northview became and Asian majority high school.
Johns Creek, GA - North Atlanta Suburb
median income: $109,576
median home price: $344,300
HI ratio : 3.14