Attended by over 6,000 festival-goers, families and food connoisseurs, Taste of Suwanee is now an annual tradition in the City of Suwanee, voted in the top ten cities in the nation. Over 30 restaurants participate in an afternoon of sampling appetizers, entrees and desserts from their menus.
This year culinary demonstrations are offered by the infamous Chef John of Kroger Cooking School. Dish Network will air college games live for the football fanatics. The event will also offer entertainment to please every palette, including a concert stage with live music and performances.
The Kids Zone will return with new and improved inflatable activities, rides and games. After dining, festival-goers can meet Community Partners and stroll through the Artist Market for arts and crafts from local artists.
The North Gwinnett Tip-Off Club invites you to be a part of this incredible community event.
Admission is Free!
Tickets to sample food and enjoy the activities in the Kid Zone are 50 cents each.
Each food sample or activity is between 1-6 tickets.
The Town Center Park is located on the corner of Buford Highway and Lawrenceville Suwanee Rd.
Free Parking at the Town Center Park, City of Suwanee Library and Shadowbrook Baptist Church. Free shuttles running from 11:30-5:30 between park, Library and Church.
Suwanee's Toast at Town Center DATE: November 5th and December 3rd TIME: 5 pm - 10 pm
This will the first time the City of Suwanee has changed the alcohol ordinance to allow an event which will allow beer and wine ONLY to be bought and carried out of the restaurants.
There will not be entertainment or vendors in the park. The idea is to keep people in front of the businesses and to create a social atmosphere in which people will enjoy music provided by the merchants, shop, and stroll along Town Center Avenue.
Depending on the success and participation will determine if "Taste at Town Center" will become an annual event.
Like other areas of the country, the wonderful town of Suwanee GA continues to look for signs of improvement in their real estate market. There is no question whether you are a Real Estate Agent, a home owner trying to sell or a buyer out looking for the deal, each would give a different perspective on the state of our local market.
Suwanee managed to hold steady during third quarter in overall units sold as corporate owned properties and/or foreclosure distressed properties:
Second Quarter saw 27 "Corporate Owned" units sold while the 3rd quarter was witness to 22 units sold under "Corporate Owned".
Comparitively, Second Quarter had 39 units sold as "Foreclosure" while 3rd quarter sold approximately 36 units as "Foreclosure" units
Located approximately 30 miles north of down town Atlanta, with a population of approximately 16,000 residents, Suwanee has enjoyed good (but reasonable) appreciation on their homes as the town has grown over the past 20 years. Unfortunately, like everywhere else, the residents of Suwanee are no stranger to the burst of the real estate bubble or the financial meltdown felt by so many across the country.
Below is an overview of the past six months for Suwanee, GA:
I admit, I have fallen behind on the market reports. To bring us all up-to-date, I am combining July and August. As of today, I think we are seeing some movement in the Atlanta market. The concensus seems to be that the interest rates certainly are enticing the buyer; but, the First Time Home Buyer Tax Credit is coming to a close shortly and that may also be perpetuating the fence sitters to take the plunge.
Let's take a look at mid-summer sales in the Atlanta market:
Times running out. The First Time Home Buyer Tax Credit will be gone soon. Have you found your perfect home yet? This great opportunity ends November 30, 2009. With rates so low, inventory high.....why are you waiting? Time to buy is now.
Gwinnett County Public Schools can pat themselves on the back! The SAT scores for the Class of 2009 were released last week and the numbers are looking up (literally).
The Class of 2009 is the fourth graduating class to take the newest version of the SAT. The current version includes writing. There are three sections to the SAT: Critical reading, math and writing). Gwinnett County students topped state and national averages.
The schools ranked as follows:
Berkmar
1385
Brookwood
1625
Central Gwinnett
1475
Collins Hill
1529
Dacula
1505
Duluth
1568
Grayson
1494
Meadowcreek
1346
Mill Creek
1542
Norcross
1558
North Gwinnett
1573**
Parkview
1596
Peachtree Ridge
1553**
Phoenix
1271
Shiloh
1400
South Gwinnett
1414
**SUWANEE HIGH SCHOOLS
Gwinnett Schools
1526 Avg Composite Score*
Georgia
1460
Nation
1509
*Average of each of the three sections; Possible scores range from 200-800 on each section
73% of Gwinnett County Public School seniors take the SAT compared to 71% statewide; and, 46% nationally.
The 2009-10 school year starts next Monday, August 10. Gwinnett County will begin the year with nine (9) new schools and a registration of approximately 159,000 students.
The schools in Gwinnett County are clustered by high school. Below is a complete list of schools, school links, their cluster, the principal and phone information.
Anyone who lives in the Atlanta area can tell you that the housing market has definitely been affected by the new homes bubble, the large number of short sales and foreclosures as well as a reduction in buyers. Atlanta was one of the top markets in the nation for new home construction until 2006. Currently new homes sales are down 80 percent from peak levels.
Georgia currently ranks #7 in the nation for foreclosures. More short sales and foreclosures are expected. For 2009 over 50% of sales are short sales, foreclosures, corporate owned or bank owned properties.
Current inventory levels are approximately 16,000 less than previous years. Home pricing has dropped due to foreclosures, short sales, aggressive new home prices and home owners becoming more aggressive in their pricing in order to compete. According to Case-Shiller average home values have dropped 23.14% from the peak of July, 2007.
As of the end of June, 2009 inventory supplies stand as follows:
16.7 months for ATTACHED
12.0 months for DETACHED
Source: Dan Forsman/President & CEO Prudential GA Realty
Atlanta currently ranks in the top 10 nationally for foreclosures. And that statistic is glaring when you start to break down what the numbers actually represent.
DETACHED SINGLE FAMILY HOMES
May, 2009 3,614 DETACHED single family houses sold in the metro Atlanta area. Of these 1,620 properties were corporate owned or foreclosures - 44.8% of all DETACHED single family houses sold were distressed properties.
Compare this to May, 2008 with 4,526 DETACHED single family houses selling with 1,384 properties being corporate owned or foreclosures - 30.57% of all DETACHED single family houses sold in '08 were distress properties.
Foreclosure and/or corporate owned DETACHED properties sold is UP 14.5% compared to one year ago same time.
ATTACHED SINGLE FAMILY HOMES
May, 2009 551 ATTACHED single family houses sold in the metro Atlanta area. Of these, 227 properties were corporate owned or foreclosures - 41.2% of all ATTACHED single family houses sold were distressed properties.
Compare this to May, 2008 with 792 ATTACHED single family houses selling with only 186 being corporate owned or foreclosures - 23.45% of all ATTACHED single family houses were distressed properties.
Foreclosure and/or corporate owned ATTACHED single family properties sold is UP 18% compared to one year ago same time.
According to Steve Palm/Smart Numbers, inventory levels dropped in May 2009 reflecting 16,000 less listings compared to one year ago. I believe it is indicative of most home owners sitting on the side lines choosing not to compete against the foreclosure market.
The lower interest rates along with the First Time Home Buyer Tax Credit and Georgia's Home Buyer Tax Credit do seem to keep the Atlanta real estate market alive. However, it's my opinion that consumer confidence could really take a nose dive to the point nothing sells if the Federal deficit continues to climb as the House and Senate work diligently to pass the Cap and Trade bill along with the Health Care Reform Bill.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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Times running out. The First Time Home Buyer Tax Credit will be gone soon. Have you found your perfect home yet? This great opportunity ends November 30, 2009. With rates so low, inventory high.....why are you waiting? Time to buy is now.
