SUWANEE GA - SECOND QUARTER MARKET RECAP 2008

By
Real Estate Agent with Berkshire Hathaway GA Prop

 

A look over how Suwanee is performing in today's current real estate market. It appears the second quarter out performed the first quarter of 2008. Suwanee's list to sale price in the second quarter out performed the first quarter by 4% @ 96% which is quite good. Foreclosures continue to dominate our metro market as a whole and until these properties are absorbed I expect our market will be sluggish. However, buyers are buying. Interest rates are extremely favorable encouraging buyers to stay in the market. That being said, however, they are looking for deals. If you are a seller who wants to sell, you can get your home sold. Pricing is more important than ever and it is essential to have your home pristine.
                                                                                                           

                                                   


SUWANEE SECOND QUARTER UPDATE FOR 2008

CURRENT ACTIVES
Total Units:  635
High Price: $7,950,000
Low Price:  $   80,000


Breakdown:
Corporate:  21
Estate Owned:  7
Foreclosure:  31
Lease Purchase:  27
Transfer:  46
Other:  503

CURRENT PENDINGS
Total Units:  92
High Price:  $2,499,000
Low Price:  $     85,000


Breakdown:
Corporate:  14
Estate Owned:  0
Foreclosure:  9
Lease Purchase:  7
Transfer:  46
Other:  59

CLOSED/SOLDS
Total Units:  137
High Price:  $2,080,816
Low Price:  $   119,000


Breakdown:
Corporate:  11
Estate Owned:  2
Foreclosure:  12
Lease Purchase:  6
Transfer:  8
Other:  98


Pie Graphs



SUWANEE FIRST QUARTER 2008 IN REVIEW
Active Units:  586
High Price:  $8,500,000
Low Price:  $  129,000
Pending Units:  55
High Price:  $1,500,000
Low Price:  $  157,900
Sold Units: 79
High Price:  $2,493,032
Low Price:  $     96,000


Recap 2nd Quarter 2008 vs. 1st Quarter 2008
  • Average List Price:  $445,069 vs. $345,533
  • Average Sales Prices:  $355,301 vs. $319,243
  • List to Sale Price:  96% vs. 92%
  • DOM:  108 vs. 116
Horizontal Bar Graph


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Information is believed to be accurate but is not guaranteed.
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Janice Slaven

Suwanee Georgia Real Estate
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