The data collected below for the third quarter, 2008 is specific to Suwanee, Gwinnett County. It appears the third quarter closings for homes in Suwanee (Gwinnett) outperformed the second quarter by 18 units: 155 units closed third quarter vs. 137 units during the second quarter. However, the average original list price (based on solds) fell from $445,069 to $364,764 in the third quarter. Foreclosures almost doubled in the third quarter with 21 homes closed under foreclosure vs. only 12 homes in the second quarter. Foreclosures continue to dominate our metro market as a whole. And, with the current instability in the financial markets, we are seeing an even further slow-down in the market place. However, with the current first time home buyers credit, also known as the Housing and Economic Recovery Act of 2008 (or H.R. 3221) if you are first time homebuyer this is a wonderful time to be in the market for a new home.
SUWANEE, GWINNETT
Third Quarter, 2008
(July, 2008 through September, 2008)
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CURRENT ACTIVES: Breakdown: Corporate: 25 |
CURRENT PENDINGS: Breakdown: Corporate: 7 |
CLOSED/SOLDS: Breakdown: Corporate: 15 |
3rd Quarter vs. 2nd Quarter
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3rd Quarter
Active High Price: $8,500,000Active Low Price: $ 63,000 High Pending Price: $1,999,000 Low Pending Price: $ 108,400 High Sold Price: $2,778,877 Low Sold Price: $ 72,000 Avg ORIG. List Price: $364,764 Avg SOLD Price: $355,301 |
2nd Quarter
Active High Price: $7,950,000Active Low Price: $ 80,000 High Pending Price: $2,499,000 Low Pending Price: $ 85,000 High Sold Price: $2,080,816 Low Sold Price: $ 119,000 Avg ORIG. List Price: $445,069 Avg. SOLD Price: $355,301 |
Data is believed to be accurate at the time collected, but is not guaranteed. ALL data is specific to Suwanee, GWINNETT COUNTY.
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