Suwanee GA Real Estate Market Report for July 2011
Active Listings: 389 homes are available for sale in Suwanee GA priced from $59,900 to $6,950,000.
Pending Sales: 94 homes are in escrow priced from $59,400 to $899,877.
July Sales: 59 homes sold in July 2011.
- 37 homes were non-distressed
- 22 homes were a foreclosure or short sale, or 37% of total July sales
In July, 59 homes closed in Suwanee Georgia. This is an increase of 14 units, as there were 45 homes that closed in July 2010.
The average list price for the homes that closed in Suwanee for July 2010 was $310,431.
The average list price for the homes that closed in Suwanee for July 2011 was $246,597.
The average sales price for the homes that closed in Suwanee for July 2010 was $293,536.
The average sales price for the homes that closed in Suwanee for July 2011 was $236,501.
The average market time the homes that closed in Suwanee for July 2010 was 109 days.
The average market time for the homes that closed in Suwanee for July 2011 was 80 days.
Yearly Update through July 2011
In 2011 through July, a total of 354 homes were sold in Suwanee with an average sales price of $245,226 and an average market time of 93 days.
In 2010 through July, a total of 344 homes were sold in Suwanee with an average sales price of $274,789 and an average market time of 86 days.
4 Year History of Sold Properties in Suwanee
In 2010, a total of 747 homes were sold in Suwanee with an average sales price of $294,138 and an average market time of 89 days; 243 or 32% of these homes were distressed properties sold.
In 2009, a total of 793 homes were sold in Suwanee with an average sales price of $299,396 and an average market time of 97 days; 232 or 29% of these homes were distressed properties sold.
In 2008, a total of 834 homes were sold in Suwanee with an average sales price of $359,649 and an average market time of 102 days; 159 or 19% of these homes were distressed properties sold.
In 2007, a total of 1,103 homes were sold in Suwanee with an average sales price of $365,740 and an average market time of 82 days; 69 or 6% of these homes were distressed properties sold.
*All information is from the FMLS and is for detached single family homes only.
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About the Author: the above Real Estate information on Suwanee GA Real Estate Market Report for July 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 July 2011*
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