SUWANEE TALK!: January 2010

The good news for November was the increase of 27% in units closed. This follows October with a 13% increase. All good news. I don't think we can call this an upswing in our real estate market nor the beginning of good things to come. More to the truth would be the "anticipated" end to the First Time Home Buyer Tax Credit - indicated by the Average Sold Price.

I anticipate the numbers for December will be lower; but I do think we will see an early spring selling season. The extended $8000 First Time Home Buyer Tax Credit; and, the $6500 Seller Tax Credit in play until April 30, 2010 should surely encourage those buyers (and, some sellers) who have been sitting on the fence, to take the leap! Interest rates still are historically low. What's not to like!

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MySuwaneeHome.com

I've often talked about the City of Suwanee as being a live, work and play community.  And in order to create this sense of community,  the citizens of Suwanee have worked alongside the Suwanee City Council over the past several years to create everything from city parks to the re-establishment of Historic Suwanee, to the establishment  of the Suwanee Town Center.

The Suwanee Town Center was envisioned as being the city's landmark while at the same time creating a gathering place for the community as well as visitors coming into Suwanee. And, as the finishing touches were being applied late this year to the new, picturesque Suwanee City Hall, Suwanee was the recipient of the  2009 Development of Excellence by the Atlanta Regional Comission (ARC).

The award is given in recognition of developments which demonstrate "how great design can create a positive framework for the future."  (CrossRoads, December 2009, Pg 3).  Recognition also went to the developers.

Once again Suwanee covets another award for their excellent work!!

CONGRATULATIONS SUWANEE GA!!!!

**Watch for the opening of the Suwanee Community Garden. Volunteers have
already started preparing the land for all you gardeners out there. Located off
Buford Hwy. between McGinnis Ferry Road and Lawrenceville-Suwanee Road.

Suwanee City Parks
Suwanee Town Center Shops and Restaurants

Come to My House:
MySuwaneeHome.com

As usual I am a bit behind the 8 ball on this report; but I always figure late is better than never.

Looking in the rear view mirror at October 2009 and a recap of the October, 2009 report by Steve Palm/Smart Numbers it would appear the month of October provided the strongest year-to-year percentage increase in Atlanta home sales closings since May, 2006.

And the bright, shining light? The Atlanta market housing inventory levels continue to drop giving indications of an improvement in the housing market; but it is my opinion that as long as unemployment stands at 10.2% a continued uptick in the Atlanta housing market may be difficult to sustain.

LET'S TAKE A LOOK AT THE ATLANTA MARKET FOR OCTOBER 2009

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Come to my house:
My Suwanee Home.com