SUWANEE TALK!: November 2011

GWINNETT COUNTY; SUWANEE GA - LOCAL ELECTIONS (SUNDAY ALCOHOL SALES)

November 1, 2011 gave local voters the opportunity to have their voice heard as they cast their ballot for local city mayoral elections in Gwinnett County as well as giving voice to a couple other issues. Among those items to be determined by voters included:

  • Extending the ESPLOST tax for Gwinnett County schools
  • Sale of wine and beer on Sundays 
  • Suwanee Mayor

Perspectives on whether the SPLOST tax  for the schools should be extended vary. With the economy struggling and Atlanta's unemployment over 9%, some wonder how you can continue to squeeze blood out of a turnip. However, to maintain the quality school system that Gwinnett County currently is recognized for how can you put an end to the tax? Those questions were put to rest as voters went to the polls on Tuesday. The extension of the SPLOST tax won by 60%. With about 14% of registered voters going to the polls, a total of 30,955 people voted "yes" while  20,277 people voted against it.  The extension of the tax is projected to bring approximately $876 million dollars to the school system for technology, building of schools as well as make renovations over the next five years.
Anyone who lives in Suwanee - especially for a long period of time, can attest to the fact that the City has done an amazing job of making Suwanee one of the most desired places to live in the United States. Of course in order to make that list, it did require.....tax increases over the years. However, when I look around and see my tax dollars at work creating a beautiful Town Center, four very popular city parks I am more than happy to contribute to that success through my annual property tax bill. I am sure, however, this perspective probably is not shared by all.  The majority of Suwanee residents love their city; and, overall have been happy with the live, work and play environment that has evolved over the past 20 years or more. And it looks like Jimmy Burnette, born and raised in Suwanee, will be able to keep the momentum and trend going as he won the election by obtaining 876 votes; and his opponent, Dan Pittman, took 454 votes.
When visiting Atlanta, it is suprising to visitors to see that beer and wine is not sold in stores on Sunday. A law that has kept alcohol sales from being sold here in the Gwubbett County came to an end on Tuesday - for the individual cities. Thirteen (13) cities had the beer, wine referendum on the ballot.  As the title read on the front page of the Gwinnett Daily Post Wednesday morning, "SUNDAY SALES SAILS".  Suwanee voters sent a resounding message to have Sunday sales of beer and wine by a vote of 1023 (yes); and, 341 (no). With the exception of Lilburn, most of the other cities adopted ordinances when they placed the measure on the ballots. In these cities, you can expect to pick up your favorite bottle of wine or your six pack of beer within a week and a half.  For those living in unincorporated Gwinnett County you may have the option to have your voice heard in March, 2012.

 


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METRO ATLANTA REAL ESTATE MARKET REPORT - September 2011

 

National Home Builders Association came out with their Market Index Report on November 7, 2011.  A total of 30 U.S. cities made the list of improving housing markets compared to only 23 cities in the previous report. Unfortunately, none of Metro Atlanta's cities made the list.
According to a report out from Steve Palm/Smart Numbers (Marietta GA) units closed for the month of September was up, inventory levels are down; and still - home prices continue to struggle.

 

AVERAGE SALES PRICE
(DETACHED - Single Family)
September 2010 vs September 2011

 

Inventory levels in September 2011 took a dip as many analysts have said.  Metro Atlanta homes on the market in September 2011 dropped 5 percent compared to September 2010.

 

 

 

AVERAGE PRICE per SQUARE FOOT
(DETACHED- Single Family)
September 2010 vs September 2011

 

No real surprse here. Homes sold in September 2011 saw a decrease in the price per square foot by 11 percent compared to one year ago.

 



AVERAGE DAYS on MARKET
(DETACHED - Single Family)
September 2010 vs September 2011

 

Home values struggle as  foreclosures and short sales continue to play center stage in our Atlanta real estate market. Coupled with the low interest rates, homes are sitting on the market for a shorter period of time compared to a year ago. September numbers indicate a 4 percent drop for days on market compared to one year ago.
You can also see by the chart, although analysts don't see much improvement in our housing prices; the list to sale price is actually improved with an 11% increase compared to one year ago.

 

 

MONTHS of INVENTORY
(DETACHED - Single Family)
September 2010 vs September 2011

 

Holding true to other reports, this graph tells the same story. Inventory levels are dropping which may also explain why the list to sale ratio is improving. With less houses to choose from, banks and home owners alike are able to get close to their asking price.  With a 32% drop in months of inventory September 2011 reflected only 8.2 months of inventory compared to 12 months of inventory one year ago.

 

Graphs are created from and with permission of Trendgraphix, In.c Data is collected from FMLS (First Multiple Listing Service) and includes only those Metro Atlanta counties which list within the FMLS.

 


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METRO ATLANTA - REAL ESTATE GAB - NOVEMBER 2011

REAL ESTATE GAB - Keeping up on today's real estate market isn't easy. However, monthly MySUWANEEHome, provides updated information in multiple medias to help keep you informed. Real Estate Gab is a monthly real estate newsletter with market statistics for the Metro Atlanta area; plus articles to help you be an informed buyer or seller. Hope you will enjoy this month's issue of Real Estate Gab. Please feel to email me with comments and/or ideas of what you would like to see in feature issues.