Suwanee GA Real Estate Market Report for December 2011
Active Listings: 277 homes are available for sale in Suwanee GA priced from $40,000 to $5,989,000.
Pending Sales: 84 homes are in escrow priced from $81,900 to $2,295,000.
December Sales: 58 homes sold in December 2011.
- 35 homes were non-distressed
- 23 home was a foreclosure or short sale, or 40% of total December sales
In December, 58 homes closed in Suwanee Georgia. This is an increase of 19 units, as there were 39 homes that closed in December 2010.
The average list price for the homes that closed in Suwanee for December 2010 was $319,002.
The average list price for the homes that closed in Suwanee for December 2011 was $221,618.
The average sales price for the homes that closed in Suwanee for December 2010 was $229,128.
The average sales price for the homes that closed in Suwanee for December 2011 was $218,088.
The average market time the homes that closed in Suwanee for December 2010 was 93 days.
The average market time for the homes that closed in Suwanee for December 2011 was 87 days.
Yearly Update through December 2011
In 2011 through December, a total of 634 homes were sold in Suwanee with an average sales price of $232,945 and an average market time of 91 days.
In 2010 through December, a total of 540 homes were sold in Suwanee with an average sales price of $272,630 and an average market time of 93 days.
5 Year History of Sold Properties in Suwanee
|
Category |
2011 |
2010 |
2009 |
2008 |
2007 |
|
Units Sold |
634 |
540 |
572 |
565 |
753 |
|
Average Sales Price |
$232,945 |
$272,630 |
$274,976 |
$342,034 |
$336,883 |
|
Distressed Properties |
249 or 39% of sold units |
208 or 38% of sold units |
179 or 31% of sold units |
128 or 23% of sold units |
50 or 7% of sold units |
|
Days on Market |
91 |
93 |
98 |
99 |
80 |
*All information is from the FMLS and is for detached single family homes only.
Search of all homes in the GAMLS or FMLS
If you have any questions about selling your home in Suwanee or in the Northeast Atlanta area give Mark a call at 404/353-0185.
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About the Author: the above Real Estate information on Suwanee GA Real Estate Market Report for December 2011 was provided by Mark Mitchell. Mark can be reached by phone at 404-353-0185 or via e-correspondence at mark@markmitchellhomes.com. Also visit
www.markmitchellhomes.com
Copyright by Mark Mitchell 2011* Suwanee GA Real Estate Market Report for December 2011*
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