Suwanee GA Real Estate Market Report for December 2011

By
Real Estate Agent with Virtual Properties Realty

Suwanee GA Real Estate Market Report for December 2011


Active Listings: 277 homes are available for sale in Suwanee GA priced from $40,000 to $5,989,000.

Pending Sales:  84 homes are in escrow priced from $81,900 to $2,295,000.

December Sales:  58 homes sold in December 2011.Market Report by Mark Mitchell
  • 35 homes were non-distressed
  • 23 home was a foreclosure or short sale, or 40% of total December sales


In December, 58 homes closed in Suwanee Georgia.  This is an increase of 19 units, as there were 39 homes that closed in December 2010.

The average list price for the homes that closed in Suwanee for December 2010 was $319,002.

The average list price for the homes that closed in Suwanee for December 2011 was $221,618.

The average sales price for the homes that closed in Suwanee for December 2010 was $229,128.

The average sales price for the homes that closed in Suwanee for December 2011 was $218,088.

The average market time the homes that closed in Suwanee for December 2010 was 93 days.

The average market time for the homes that closed in Suwanee for December 2011 was 87 days.

Yearly Update through December 2011


In 2011 through December, a total of 634 homes were sold in Suwanee with an average sales price of $232,945 and an average market time of 91 days.

In 2010 through December, a total of 540 homes were sold in Suwanee with an average sales price of $272,630 and an average market time of 93 days.

5 Year History of Sold Properties in Suwanee


Category

2011

2010

2009

2008

2007

Units Sold

634

540

572

565

753

Average Sales Price

$232,945

$272,630

$274,976

$342,034

$336,883

Distressed Properties

249 or 39% of sold units

208 or 38% of sold units

179 or 31% of sold units

128 or 23% of sold units

50 or 7% of sold units

Days on Market

91

93

98

99

80



 

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



Search of 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 you're 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, Duluth, Woodstock, Suwanee, Buford, and Lawrenceville Georgia.

About the Author:  the above Real Estate information on Suwanee GA Real Estate Market Report for December 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 December 2011*
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Rainmaker
1,993,796
Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Hi Mark, always enjoy viewing stats and graphs on other Communities...thanks for sharing with us.

Feb 09, 2012 06:54 PM #1
Rainmaker
65,011
Mark Mitchell
Virtual Properties Realty - Johns Creek, GA
Realtor, Johns Creek Georgia Homes

Ronald, 

You're welcome as these reports help me to also be aware of the changes that can happen rapidly. 

Feb 10, 2012 07:11 AM #2
Rainmaker
52,487
Hank Spinnler
Harmony Home Inspection Services of GA - Hoschton, GA
Atlanta Home Inspector

That's a nice increase in homes sold in Suwanee from 2010 to 2011.

Feb 11, 2012 03:07 AM #3
Rainmaker
65,011
Mark Mitchell
Virtual Properties Realty - Johns Creek, GA
Realtor, Johns Creek Georgia Homes

Increase in homes sold, but a decrease in average sales price. We need to work through all the distressed properties to get the market moving in a positive direction. 

Feb 15, 2012 04:52 AM #4
Ambassador
2,698,493
Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services
Great market report you have here Mark. Thank you for providing us your Suwanee GA Real Estate Market Report for December 2011. All the best and keep up the good work.
May 05, 2013 09:38 PM #5
Rainmaker
709,207
Petra Norris
Lakeland Real Estate Group, Inc. - Lakeland, FL
Realtor, Lakeland FL Homes for Sale
Hi Mark, thanks for sharing how well Suwanee GA Real Estate Market Report did for December 2011 Wishing you all the best. Stay the best real estate consultant in your area.
Jun 12, 2013 08:18 PM #6
Rainer
87,342
Melissa Muse Wiggans
Real Estate Muses - San Antonio, TX
CRS, GRI, ABR - Real Estate Muses
Awesome market update Mark! You really are the finest real estate agent in your area. Keep it up and stay the best!
Jun 12, 2013 08:27 PM #7
Rainmaker
708,642
Erika Rogers
Red Rock Real Estate ~ Southern Utah's Largest Independent Brokerage - Saint George, UT
St George Utah Real Estate & Relocation Specialist
Hello Mark, thanks for sharing Suwanee GA Real Estate Market update. Keep it up being a top notch real estate consultant in your area. All the best.
Jun 13, 2013 08:02 PM #8
Rainer
75,048
Pat and Ed Okenica
RE/MAX Agents Realty Lake Oconee Ga - Greensboro, GA
Lake Oconee Ga Real Estate

Mark, informative article about the real estate market in Suwanee. Hope this will be a good year for your market. All the best and keep up the excellent work.

 

Jun 17, 2013 01:01 PM #9
Rainer
194,270
Waynette Hoover Araj
Keller Williams Realty - Asheboro, NC
Connecting your Dreams with the Right Real Estate
Well written market update Mark. Glad that you've shared it. 
Jul 08, 2013 03:10 AM #10
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Mark Mitchell

Realtor, Johns Creek Georgia Homes
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