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Suwanee GA Real Estate Market Report for December 2011

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*
Posted Friday Feb 10