Located about 30 miles north of down town Atlanta, Suwanee GA has become nationally recognized as one of the best places to live in the United States. The City of Suwanee has worked diligently over the past several years to create a very family-oriented community - and, they have succeeded. However, the City of Suwanee, like everywhere else, has not been untouched by the down turn in the housing market. The real eye opener came as I prepared this report and looked at the total homes sold in 2009 vs. 2007....a drop in units sold of 71%!!
And as "fun" as it is to look back at where we once came, it is important to spend more time looking forward. So as we open the door and welcome in 2010, we will no longer be a stranger to the foreclosure market. And, as real estate agents, most of us will be better prepared to take on the foreclosures now scheduled to hit our market in the next few months.
And the optimist in me tells me that the worst is behind us. No! I don't think property values will bounce back in the next year or so; but, we will eventually see the foreclosures absorbed and the housing market return to a "new" norm. But until then I believe Suwanee, like so many other places, will put their best foot forward and we will ride the peaks and valleys that lie ahead of us together.
|SUWANEE SOLDS 2009
SOLD HOMES: 791Highest Sold Price: $2,010,000
Lowest Sold Price: $ 48,000
Avg Sold Price: $ 299,518
Avg List to Sale: 94%
Avg DOM: 97
|SUWANEE SOLDS 2008
Sold Homes: 823Higest Sold Price: $5,500,000
Lowest Sold Price: $ 60,000
Avg Sold Price: $ 359,649
Avg List to Sale: 95%
Avg DOM: 102
2009 vs. 2008 BREAKDOWN by CATEGORY
| CATEGORY % CHANGE
SUWANEE SOLDS 2009 vs. 2008
*Suwanee straddles three counties: Gwinnett, Forsyth and Fulton. The city limits of Suwanee is located in Gwinneet County.
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.