Suwanee GA Real Estate Market Report for February 2011

By
Real Estate Agent with Virtual Properties Realty

Suwanee GA Real Estate Market Report for February 2011

 

Active listings: 547 homes are available for sale in Suwanee GA priced from $72,500 to $6,500,000.

Pending sales: 118 homes are in escrow priced from $59,900 to $2,495,000.

February sales: 51 homes sold in February 2011. 

  • 27 homes were non-distressed
  • 24 homes were a foreclosure or short sale, or 47% of total February sales

 

In February, 51 homes closed in Suwanee Georgia. This is a increase of 2 units, as there were 49 homes that closed in February of 2010.

The Average list price for the homes that closed in Suwanee for February 2010 was $283,558.

The Average list price for the homes that closed in Suwanee for February 2011 was $265,096.

The Average sales price for the homes that closed in Suwanee for February 2010 was $270,409.

The Average sales price for the homes that closed in Suwanee for February 2011 was $249,297.

The Average Market time for the homes that closed in Suwanee for February 2010 was 90 days.

The Average Market time for the homes that closed in Suwanee for February 2011 was 105 days.

  

4 Year History of Sold Properties in Suwanee

Category

2010

2009

2008

2007

Units Sold

747

793

834

1,103

Average Sales Price

$294,138

$299,396

$359,649

$365,740

Distressed Properties Sold

243 or 32% of the sold units

232 or 29% of the sold units

159 or 19% of the sold units

69 or 6% of the sold units

Average Days on Market

89

97

102

82

*All information is from the FMLS and is for detached single family homes only.

 

Search for 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.

Almost 90% of buyers are searching online for homes so make sure your getting the proper online market exposure to ensure these buyers will not miss your listing.

See Mark's video testimonials.

Mark services the following Northeast Atlanta cities: Johns Creek, Alpharetta, Roswell, Woodstock, Duluth, Buford, Suwanee  and Lawrenceville Georgia.

About the Author: The above Real Estate information on Suwanee GA Real Estate Market Report For February 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 February 2011*

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Mark Mitchell

Realtor, Johns Creek Georgia Homes
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