Suwanee GA Real Estate Market Report for November 2011
Active Listings: 289 homes are available for sale in Suwanee GA priced from $84,900 to $5,989,000.
Pending Sales: 69 homes are in escrow priced from $81,900 to $2,295,000.
November Sales: 38 homes sold in November 2011.
- 29 homes were non-distressed
- 9 home was a foreclosure or short sale, or 24% of total November sales
In November, 38 homes closed in Suwanee Georgia. This is an increase of 1 unit, as there were 37 homes that closed in November 2010.
The average list price for the homes that closed in Suwanee for November 2010 was $271,127.
The average list price for the homes that closed in Suwanee for November 2011 was $201,366.
The average sales price for the homes that closed in Suwanee for November 2010 was $254,219.
The average sales price for the homes that closed in Suwanee for November 2011 was $194,635.
The average market time the homes that closed in Suwanee for November 2010 was 110 days.
The average market time for the homes that closed in Suwanee for November 2011 was 76 days.
Yearly Update through November 2011
In 2011 through November, a total of 575 homes were sold in Suwanee with an average sales price of $234,319 and an average market time of 91 days.
In 2010 through November, a total of 501 homes were sold in Suwanee with an average sales price of $270,567 and an average market time of 91 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 97days; 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 November 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 November 2011*
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