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SUWANEE GA - 2008 REAL ESTATE MARKET IN REVIEW

By Janice Slaven

Real Estate Agent with Berkshire Hathaway GA Prop

January 16, 2009 12:24 PM

Suwanee Town Center Monument

SUWANEE REAL ESTATE MARKET

2008 vs. 2007

SUWANEE SOLDS 2008

Sold Homes: 823
Highest Price: $5,500,000
Lowest Price: $ 60,000
List to Sale Ratio: 95%
Days on Market: 102

SUWANEE SOLDS 2007

Sold Homes: 1121
Highest Price: $3,020,000
Lowest Price: $ 119,000
List to Sale Ratio: 97.3%
Days on Market: 82

2008 Breakdown

Foreclosures: 111
Corporate Owned: 74
Owner Transfer: 53
New Construction: 210
Lease/Purchase: 25
Resale: 350

2007 Breakdown

Foreclosures: 37
Corporate Owned: 44
Owner Transfer: 73
New Construction: 272
Lease Purchase: 21
Resale: 674

2008 vs 2007 Breakdown By Category

CATEGORY

Foreclosures:
Corporate Owned:
Owner Transfer:
New Construction:
Lease/Purchase:
Resale:

% CHANGE

↑200%

↑68%
↓27%

↓23%
↑19
↓48%

SUWANEE SOLDS 2008 vs 2007
By COUNTY

Gwinnett
Forsyth
Fulton

2008

541
267
15

2007

741
355
25

% Change

↓27%
↓25%
↓40%

Information has been collected from the First Multiple Listing Service (FMLS). Data is believed to be accurate at the time of collecting data, but is not guaranteed.

MY SUWANEE HOME.com

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Brian Belcher

RE/MAX Executive - Charlotte, NC

Charlotte Realtor

Hey, great post. Thanks for the information about your area.

Jan 16, 2009 01:43 PM

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