I was at a seminar recently. Among many topics, was of course, the subject of market conditions for Atlanta in 2010.  And, as you can imagine, the opinions were mixed. Opinions ranged from a  50/50 chance the recession will turn around (safe bet!) to the possibility of a double dip recession.

Other projections included:

  • Interest rates will remain level but rise slightly by the end of 2010
  • Home prices will remain flat
  • The sweet spot for home sales:  $400,000 and under
  • Condo inventory will finally become depleted but at the expense of price slashing
  • S-L-O-W new home starts.

Here are the current stats for September 2009 vs. September 2008

Foreclosures in our Atlanta market still tend to capitalize our market; but, short sales seem to be making a strong showing. Unfortunately, due to the unregulated handling of short sales, they still tend to be a lot of work and require an enormous amount of patience - with no guarantee.

For more market reports for our Atlanta market, please visit my webiste:  MySuwaneeHome.com and click on "Janice's Blog".

 


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The $8000 Tax Credit was set to expire on December 1st 2009.  We are happy to announce that both the Senate and House have passed an extension and expansion of the Home Buyer Tax Credit.  The bill is now signed by the President and is official!  This is great news for buyers and sellers of real estate in metro Atlanta and north Georgia.     

 

Overview Of The New Home Buyer Tax Credits:

  •  The $8,000 1st Time Home Buyer Tax Credit Is Extended.  Binding contracts must be executed by 4/30/2010 and closed by 6/30/2010.
  • New $6,500 Tax Credit Is Expanded For Trade-In Or Move-Up Buyers.  The Buyer must have lived in their current residence for 5 of the past 8 years and must live in their new residence for a minimum of 3 years after the purchase.
  • Income Limits Are Raised To $125,000 ($225,000 Joint).  There are phased out credits for incomes up to $20,000 in excess of these limits.
  • Eligible Home Purchase Prices Are Limited To $800,000.  This is a new addition to the previous bill.
  • 2010 Purchases Could Apply For 2009 Tax Returns.
  • No Repayment If Home Is Main Residence For 36 Months.
  • The 36-Month Provision Waived For Active Military Moves.
  • The IRS Will Impose New Anti-Fraud Oversight.

The new trade-in or move-up tax credit is estimated to apply to over 70% of real estate buyers.  There is no requirement to sell your current home - just to make the new home your principal residence for 3 years.  That allows current homeowners to rent their former residence and buy while prices are still low. It also allows buyers to purchase a pre-sale if it can be completed and closed before June 30th 2010.  These are just a few of the new possibilities that are now available for buyers in metro Atlanta and north Georgia.  

  • These low prices and mortgage rates will not last forever! 
  • Are you ready to "move up" to the home of your dreams? 
  • Are you ready to simplify and "trade in" your current property for a lower maintenance lifestyle?   

Please Contact Me To Understand The Opportunities Today!

Information deemed to be accurate but not warranted.  If your home is listed with another broker, this is not intended as a solicitation. 

 


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        Saturday, October 24, 2009

          12-5pm

   Town Center Park, Suwanee GA

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.


Come to my house:
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Mark your calendars!

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.

 


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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:

Market Reports for Suwanee and Atlanta

 

 

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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.

TIME LEFT FOR FIRST TIME HOME BUYER TAX CREDIT

 

 


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First Time Home Buyer Tax Credit

 

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.


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SOURCE:  Gwinnett Herald, Volue 3, Number 35

 

                      SECOND QUARTER 2009

CURRENT ACTIVES:

Total Units:  703
High Price:  $8,500,000
Low Price:  $105,000

BREAKDOWN:
  • Corporate Owner:  24
  • Estate Owned:  3
  • Foreclosure:   43
  • Lease/Purchase:  36
  • Lender Owned:  10
  • Owner Transfer:  47
  • Other:  540










PENDINGS:

Total Units:  141*
High Price:  $1,749,000
Low Price:  $49,900

BREAKDOWN:
  • Corporate Owner:  18
  • Estate Owned:  0
  • Foreclosure:  20
  • Lease/Purchase:  15
  • Lender Owned:  2
  • Owner Transfer:  4
  • Other:  82


    *37 Units went pending  during second quarter








SOLDS:

Total Units:  191
High Price:  $1,340,00
Low Price:  $91,000

BREAKDOWN:  
  • Corporate Owner:  27
  • Estate Owned;  1
  • Foreclosure:  39
  • Lease/Purchase:  4
  • Lender Owned:  4
  • Owner Transfer:  9
  • Other:  107

SECOND QUARTER 2009 SOLDS RECAP
  • Average List Price:  $343,843
  • Average Sales Price:  $319,194
  • Average List to Sale Percentage:  93%
  • Average DOM:  100


SOLDS BY COUNTY:

  1.  Gwinnett County: 125 Units
  2.  Forsyth County:     61 Units
  3.  Fulton County:         5 Units


 

FIRST QUARTER 2009

 SOLDS:
  • Total Units:  141
  • High Price:  $1,017,000
  • Low Price:  $49,900

FIRST QUARTER 2008 SOLDS RECAP:
  • Average List Price:  $305,876
  • Average Sales Price:  $285,848
  • Average List to Sale Percentage:  93%
  • Average DOM:  107

BREAKDOWN:
  • Corporate Owner:  32
  • Estate Owned:  0
  • Foreclosure:  39
  • Lease/Purchase:  7
  • Lender Owned:  5
  • Owner Transfer:  3
  • Other:  55
SOLDS BY COUNTY
  1. Gwinnett County:  99 units
  2. Forsyth County:  40 units
  3. Fulton County:   2 units

 

ANALYSIS Second Quarter 09 vs. First Quarter '00:

1)  Sold Units:     +35%
2)  Average List Price:      +12%
3)  Average Sold Price:   +12%
4)  List to Sale Price:  No Change
5)  Days on Market:  -7 days

 

 

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 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.

                                                                                                                


                

SCHOOL

Alcova Elementary

CLUSTER

Dacula 

PRINCIPAL

Dr. Carolyn Ford

PHONE

(678) 376-8500

Alford Elementary

Berkmar

Monica Batiste

(678) 924-5300

Annistown Elementary

Shiloh 

Lorraine Molock-Sparks

(770) 979-2950

Arcad Elementary

Parkview

Joe Ahrens

(770) 925-2100

Archer High School (Opening August 2009)

Archer

Dr. Charles "Buck" Buchanan

(770) 925-2100

Bay Creek Middle (Opening August 2009) 

Grayson

Dana L Pugh

(678) 344-7570

Beaver Ridge Elementary

Norcross

José DeJesus

(770) 447-6307

Benefield Elementary 

Berkmar

Ron Boyd

(770) 962-3771

Berkeley Lake Elementary

Duluth

Dr. Florence "F.A." McLeod

(770) 446-0947

Berkmar High

Berkmar

Kendall Johnson

(770) 921-3636

Berkmar Middle

Berkmar

Kenney Wells

(770) 638-2300

Bethesda Elementary

Berkmar

Deborah A. Harris

(770) 921-2000

Britt Elementary

South Gwinnett

Doris Jones

(770) 972-4500

Brookwood Elementary

Brookwood

Karen Head

(770) 736-4360

Brookwood High

Brookwood

Debra T. Dees

(770) 972-7642

Buchanan High School of Technology

Other Program

Maryanne Grimes (Facility Administrator)

(770) 326-8000

Buice School

North Gwinnett

Kim Holland

(770) 271-5060

Camp Creek Elementary

Parkview

Kathy M. Jones

(770) 921-1626

Cedar Hill Elementary

Central Gwinnett

Dr. Susan Bearse

(770) 962-5015

Centerville Elementary

Shiloh

Kimberly "Kim" McDermon

(770) 972-2220

Central Gwinnett High

Central Gwinnett

Nancy Martin

(770) 963-8041

Chattahoochee Elementary

Duluth

Jeffrey "Jeff" Lee

(770) 497-9907

Chesney Elementary

Duluth

Carlotta Rozzi

(678) 542-2300

Collins Hill High

Collins Hill

Glenn McFall

(770) 682-4100

Cooper Elementary

Archer

Dr. Donna R. Bishop

(770) 554-7050

Corley Elementary

Berkmar

Paula Cobb

(678) 924-5330

Couch Middle (Opening August 2009)

Grayson

Devon Williams

(678) 407-7272

Craig Elementary

Brookwood

Angie Wright

(770) 978-5560

Creekland Middle

Collins Hill

Dr. Bill Kruskamp

(770) 338-4700

Crews Middle

Brookwood

Dr. Vince Botta

(770) 982-6940

Dacula Elementary

Dacula

Mary Lou Enright

(770) 963-7174

Dacula High

Dacula

Donald Nutt

(770) 963-6664

Dacula Middle

Dacula

Dr. Kellye Riggins

(770) 963-1110

Duluth High

Duluth

Jason Lane

(770) 476-5206

Duluth Middle

Duluth

Deborah Fusi

(770) 476-3372

Duncan Creek Elementary

Mill Creek

Chris Emsley

(678) 714-5800

Dyer Elementary

Mountain View

Donna Torbush

(770) 963-6214

Five Forks Middle

Brookwood

Dr. Mary Hensien

(770) 972-1506

Fort Daniel Elementary

Mill Creek

Paul Willis

(770) 932-7400

Freeman's Mill Elementary

Mountain View

Marian Hicks

(678) 377-8955

GIVE Center East

Other Program

Jay Paschall

(770) 338-4855

GIVE Center West

Other Program

Maryanne Grimes

(770) 326-8000

Grayson Elementary

Grayson

Dr. Christopher Ray

(770) 963-7189

Grayson High

Grayson

David Hopson

(770) 554-1071

Gwin Oaks Elementary

Brookwood

 Peggy Goodman

(770) 972-3110

Gwinnett County Online Campus

Open to students from all clusters

Dr. Matthew Waymack (Director)

(770) 326-8082

Gwinnett School of Mathematics, Science, and Technology

System Charter School

Dr. Jeffrey "Jeff" Mathews

(678) 473-6292

Harbins Elementary

Archer

Dr. Cindy Truett

(770) 682-4270

Harmony Elementary

Mill Creek

Anne Marie Keskonis

(770) 945-7272

Harris Elementary


Duluth

Dr. Lauri Burton  (770) 476-2241 
Head Elementary


Brookwood

Leigh Westcott  (770) 972-8050 
Hooper Renwick School


Other Program

Arthur F. Reitz  (770) 682-4290 
Hopkins Elementary

Meadowcreek

Penelope "Penny" Clavijo  (770) 564-2661 
Hull Middle

Peachtree Ridge

Denise Showell  (770) 232-3200 
Ivy Creek Elementary

Mill Creek

Yvonne Frey  (678) 714-3655
Jackson Elementary

Peachtree Ridge

Ruth Markham  (770) 682-4200 
Jones Middle

Mill Creek

Dr. Richard Holland  (770) 682-4200
Kanoheda Elementary

Berkmar

Debra Scott  (770) 682-4221 
Knight Elementary

Parkview

Mona Roberts  (770) 921-2400 
Lanier Middle


North Gwinnett

Jaime Espinosa  (770) 945-8419 
Lawrenceville Elementary


Central Gwinnett

Dorothy Hines  (770) 963-1813 
Level Creek Elementary


North Gwinnett

Dr. Nancy Kiel (770) 904-7950 
Lilburn Elementary 


Meadowcreek

Wandy Taylor  (770) 921-7707 
Lilburn Middle


Meadowcreek

Dr. Gene Taylor  (770) 921-1776
Lovin Elementary


Archer

Berry Simmons (678) 518-6940 
Magill Elementary


South Gwinnett

Crystal Collins  (770) 554-1030 
Mason Elementary


Peachtree Ridge

Paula Deweese  (770) 232-3370 
Maxwell High School of Technology


Other Program

Donna Powers (770) 963-6838 
McConnell Middle


Archer

Paula Everett-Truppi (770) 554-1000 
McKendree Elementary


Collins Hill

Loretta Denmark  (678) 377-8933 
Meadowcreek Elementary


Meadowcreek

Kelli McCain  (770) 931-5701 
Meadowcreek High


Meadowcreek

Ladeadrick "Bob" Jackson  (770) 381-9680 
Mill Creek High


Mill Creek

Jim Markham  (678) 714-5850
Minor Elementary


Berkmar

Christina Wimmer  (770) 925-9543 
Monarch School 


Other Program

Dr. Barbara Martin  (678) 542-2330 
Mountain Park Elementary


Parkview

Valerie Robinett  (770) 921-2224
Mountain View High School (Opening August 2009)


Mountain View

Keith Chaney  (678) 407-7600 
Mulberry Elementary


Dacula

Vivian Stranahan  (678) 226-7460 
Nesbit Elementary


Meadowcreek

Clayborn Knight  (770) 414-2740 
New Life Academy of Excellence


Charter School

Alphonsa Foward Jr. (Director)  (770) 248-3032  
Norcross Elementary


Norcross

Dr. Dora Hill  (770) 448-2188 
Norcross High


Norcross 

Jonathan Patterson  (770) 448-3674 
North Gwinnett High


North Gwinnett

Ed Shaddix  (770) 945-9558 
North Gwinnett Middle


North Gwinnett

Wanda Law  (678) 745-2300 
Norton Elementary


South Gwinnett

Daundria Phillips  (770) 985-1933 
Oakland Meadow School


Other Program

David Ashton  (770) 513-6800 
Osborne Middle


Mill Creek

John Campbell (770) 904-5400 
Parkview High


Parkview

David Smith  (770) 921-2874 
Parsons Elementary


Peachtree Ridge

Dr. Charlotte Sadler (678) 957-3050 
Partee Elementary


Shiloh

Audrey Baptiste  (770) 982-6920 
Patrick Elementary


Mill Creek

Margaret Ackerman  (770) 982-6920 
Peachtree Elementary


Norcross

Dr. Beverly Smith (770) 448-8710 
Peachtree Ridge High


Peachtree Ridge

Dr. Kevin Tashlein  (678) 957-3100 
Pharr Elementary


Grayson

Jerry Raymond  (770) 985-0244 
Phoenix High


Other Program

Donna Scott  (770) 513-6862 
Pinckneyville Middle


Norcross

Wanda Yeargin  (770) 263-0860 
Puckett's Mill Elementary


Mill Creek

Michelle Farmer  (678) 765-5110 
Radloff Middle


Meadowcreek

Dr. Patty Heitmuller  (678) 245-3400 
Richards Middle


Central Gwinnett

Reginald Kirkland  (770) 995-7133 
Riverside Elementary


North Gwinnett

Dr. Craig Barlow  (678) 482-1000 
Rock Springs Elementary


Collins Hill

Angie Pacholke  (770) 932-7474 
Rockbridge Elementary


Meadowcreek

Dion Jones  (770) 448-9363
Rosebud Elementary


South Gwinnett

Tarsha Chambers   (678) 639-3800 
Shiloh Elementary


Shiloh

Betty Ann Schoeneck  (770) 985-6883 
Shiloh High


Shiloh

Dr. Gwen Tatum  (770) 972-8471 
Shiloh Middle


Shiloh

Dr. Eric Parker  (770) 972-3224 
Simonton Elementary


Central Gwinnett

Dr. Dot Schoeller  (770) 513-6637 
Simpson Elementary


Norcross

Bron Gayna Schmit  (770) 417-2400 
Snellville Middle


South Gwinnett

Susan Downs  (770) 972-1530 
South Gwinnett High


South Gwinnett

Clay Hunter  (770) 972-1530 
Starling Elementary (Opening August 2009)


Grayson

Donna Ledford  (678) 344-6100 
Stripling Elementary


Norcross

Priscilla McHam  (770) 582-7577 
Sugar Hill Elementary


North Gwinnett

Sandra Levent  (770) 945-5735 
Summerour Middle


Norcross

Dorothy Parker-Jarrett  (770) 448-3045 
Suwanee Elementary


North Gwinnett

Dr. Kimberly M. Smith  (770) 945-5763 
Sweetwater Middle


Berkmar

Georgann Eaton  (770) 923-4131 
Sycamore Elementary


North Gwinnett

Amy Bryan  (678) 714-5770 
Taylor Elementary


Collins Hill

Sandra Williams  (770) 338-4680 
Trickum Middle


Parkview

Kay Sands  (770) 921-2705 
Trip Elementary


Parkview

Marci Resnick   (678) 639-3850 
Twin Rivers Middle (Opening August 2009)


Mountain View

Linda Boyd  (678) 407-7550 
Walnut Grove Elementary


Collins Hill

Nancy Morrison  (770) 513-6892 
 White Oak Elementary (Opening August 2009)


North Gwinnett

Jean Loethen-Payne  (678) 546-5550 
Winn Holt Elementary


Central Gwinnett

Dr. Jim Curtiss (678) 376-8600 

Woodward Mill Elementary (Opening August 2009)


Mountain View

Barbara Ergle  (678) 407-7590 

 

 
 
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Janice Slaven, Suwanee Georgia Real Estate

Suwanee, GA

More about me…

Prudential Georgia Realty

Address: 310 Town Center Avenue, Suwanee, GA, 30024

Office Phone: (770) 617-5146

Email Me

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