SUWANEE TALK!: Georgia: Suwanee: Rivermoore Park

RIVERMOORE PARK - FIRST QUARTER 2009 vs FIRST QUARTER 2008

First Quarter 2008

SOLD:  2

Corp Owned:  0
Foreclosure:  0
Owner Transfer:  0
Lease Purchase:  1
No Special Circumstances:  1

AVERAGE DOM:  44

High Sold Price:  $483K
Low Sold Pirce:  $438K

List to Sale Price:  96%
Seller Finance Concessions:  $135
First Quarter 2009

SOLD:  0

Corp Owned: 0
Foreclosure:  0
Owner Transfer:  0
Lease Purchase:  0
No Special Circumstances:  0





CURRENT ACTIVES:  33
Price Range:  $399K-$898,884

Corp Owned:  1
Foreclosure:  1
Owner Transfer:  5
No Special Circumstances:  25
OVERVIEW


Atlanta first quarter sales historically are low when compared to the rest of the year. Additionally, the current Atlanta real estate market is considered a "declining" market. This will have an effect on property values as we continue to move through the down turn. However, this should NOT deter you from selling if the time is right for you. With historically low interest rates (4.25% forCconventional), and the ability to make up the loss of value on your sale when you purchase, there is no better time than now to sell and move to the home you have always wanted....whether it is downsizing or moving up.

For more detailed market information: 
http://vidego.multicastmedia.com/player.php?p=v2k26z0

For more Rivermoore Park sales history: 
http://www.janiceslaven.prudentialgeorgia.com/janice-slaven-real-estate-blog-and-market-reports.aspx


 


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1 comment • Janice Slaven, Suwanee Georgia Real Estate • April 18 2009 12:04PM

Suwanee GA - RIVERMOORE PARK 2008 MARKET PERFORMANCE

 

RIVERMOORE PARK SOLDS 2008

Sold Homes:  16
Highest Sold Price:  $717,000
Lowest Sold Price:  $366,000
List to Sale Ratio:  93%
Average Days on Market:  58

Breakdown:

  • Corp Owned:  2
  • Owner Transferred:  1
  • Foreclosures:  3
  • Lease/Purchase:  1
  • Resale:  10

RIVERMOORE PARK SOLDS 2007

Sold Homes:  23
Highest Sold Price:  $675,000
Lowest Sold Price:  $360,000
List to Sale Ratio: 97%
Average Days on Market:  71

Breakdown:

  • Corp Owned:  0
  • Owner Transferred:  2
  • Foreclosures:  0
  • Lease/Purchase:  0
  • Resale:  21
As of January 25, 2009
Actives:  30
Price Range:  $399,900-$979,000

Pending Sales:  1
List Price:
$454,000
  

 

 RELATED ARTICLES OF INTEREST

 


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1 comment • Janice Slaven, Suwanee Georgia Real Estate • January 27 2009 08:27PM

Suwanee GA - RIVERMOORE PARK: 3rd QUARTER MARKET PERFORMANCE

 

Rivermoore Park, Suwanee GA

          Third Quarter 2008
Compared to Second Quarter 2008

Third Quarter, 2008


SOLD:  3

Corp Owned:  1
Foreclosure: 1
Owner Transfer: 0
Lease/Purchase: 0
No Special Circumstances: 1



High Sold Price:  $454,000
Low Sold Price:  $366,000
Average Sold Price:  $401,633

Avg DOM:  80

Avg ORIG. List Price to Actual Sale Price Percentage:  93%
Avg Seller Concessions:  $5,360		 Second Quarter, 2008


SOLD:  9

Corp Owned: 1
Foreclosure: 1
Owner Transfer: 1
Lease/Purchase: 0
No Special Circumstances:  6



High Sold Price:  $717,000
Low Sold Price:  $460,000
Average Sold Price:  $575,277

Avg DOM:  49

Avg ORIG List Price to Actual Sale Price Pecentage:  94%
Avg Seller Concessions:  $4,152

 

Analysis:  
  • Number of homes sold 3rd quarter vs. 2nd quarter:  <6 units>
  • Avg SOLD price 3rd quarter vs. 2nd quarter: <$173,644>
  • Avg DOM 3rd quarter vs. 2nd 2008:  ^31 days
  • Avg ORIG List to Sale Price Percentage 3rd vs. 2nd:  <1%>
  • Avg Seller contributions:
     3rd quarter; $5,360 3rd  vs. 2nd quarter; $4,152  ^29.1%

**Drop in AVG SOLD PRICE 3rd quarter vs. AVG SOLD PRICE 2nd quarter does not reflect current property values within Rivermoore Park and is not the intent of this report.  It is an indicator, in my opinion, of what price point within Rivermoore Park is selling best in today's current market.

Current  market in Rivermoore Park:
  • ACTIVES in Rivermoore Park:  28
  • Avg LIST price of ACTIVES:  $581,035
  • Highest List:  $999,000   Lowest List:  $445,900
  • Predominant price range of current ACTIVE listings:  $525,000-$599,900
  • PENDING: 1

 

A Look Back at 3rd Quarter, 2007:
  • Units Sold:  10
  • Avg. ORIG List Price to Sale Price Percentage:  94%
  • Avg.  DOM:  108
  • Avg. Seller Contributions:  $1,973



Data is believed to be accurate but is not guaranteed.


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0 comments • Janice Slaven, Suwanee Georgia Real Estate • October 11 2008 04:40PM

Suwanee GA - RIVERMOORE PARK 2nd Quarter Market Report


  SECOND QUARTER 2008 MARKET REVIEW vs. FIRST QUARTER 2008
Second Quarter 2008
SOLD:  6

Corporate Owned:  1
Foreclosure:  0
Owner Transfer:  1
Lease/Purchase:  0
No Special Circumstances:  4

HIGH SOLD:  $717,000
LOW SOLD:  $605,000
AVERAGE SOLD PRICE:  $629,166

DOM AVERAGE:  32

  • LIST TO SALE PERCENTAGE:  96%
  • AVG SELLER FINANCE CONCESSIONS:  $3,918



 First Quarter 2008
SOLD:  2

Corporate Owned:  0
Foreclosure:  0
Owner Transfer:  0
Lease/Purchase:  1
No Special Circumstances:  1

HIGH SOLD:  $483,000
LOW SOLD:  $438,000
AVERAGE SOLD PRICE:  $460,500

DOM AVERAGE:  44

  • LIST TO SALE PERCENTAGE:  96%
  • AVG SELLER FINANCE CONCESSIONS:  $135

 

ANALYSIS
  • Number of homes sold second quarter for 2008 vs. the first quarter:  ^4 units
  • Average SOLD price second quarter for 2008 vs. first quarter:  ^37%
  • Average DOM:  <12 days>
  • Average list to sale price percentage:  No Change
  • There is currently 25 homes on the market in Rivermoore Park. 
  • The average list price is approximately $592,000.
  • Predominant price range is between $500,000-$600,000
  • Highest List:  $1,099,900
  • Lowest List:  $369,900

What has increased is seller concessions:

  • Highest seller concessions in the second quarter:  $10,000
  • Lowest seller concessions in the second quarter:  $38
  • Average seller concessions in the second quarter:  $3918 vs. $135 first quarter

As indicated in the table above, the increase of average sold price this quarter over first quarter is, in my observation, a result of the price point of homes marketed and sold. This report is not intended and does not give indication of the appreciation of home values in Rivermoore Park for the time period reviewed.

List to sale price percentage first quarter 2007 was 96%; and, this percentage is remaining steady. Days on market is also doing well:  The actual days has actually declined - which is not the case for most of the market. Overall, Rivermoore Park seems to be holding up well in the market.

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Information is believed accurate, but is not guaranteed. 

 

0 comments • Janice Slaven, Suwanee Georgia Real Estate • July 10 2008 05:08PM

Suwanee, GA RIVERMOORE PARK First Quarter 2008 vs First Quarter 2007

 

Rivermoore Park Picture

First Quarter 2008 Compared to First Quarter 2007

First Quarter 2007

SOLD:  5

Corp Owned:  0
Foreclosure:  0
Owner Transfer:  0
Lease/Purchase:  0
No Special Circumstances:  5

High Sold Price:  $624,500
Low Sold Price:  $375,000
Average Sold Price:  $528,300

Average DOM:  41

List to Sale Price:  96%
Seller Finance Concessions:  0
 First Quarter 2008

SOLD:  2

Corp Owned:  0
Foreclosure:  0
Owner Transfer:  0
Lease/Purchase:  1
No Special Circumstances:  1

High Sold Price;  $483,000
Low Sold Price:  $438,000
Average Sold Price:  $460,500

Average DOM:  44

List to Sale Price:  96%
Seller Finance Concessions:  $135
Analysis:
  • Number of homes sold first quarter 2008 vs. first quarter 2007:  <40%>
  • Average SOLD price first quarter 2008 vs. first quarter 2007:  <13%>
  • Average DOM:  No change
  • List to Sale Price:  No change
Drop in HIGH SOLD '08 vs HIGH SOLD '07 is not necessarily a reflection of current property values within Rivermoore Park. It is an indicator, in my opinion, of waht price point within Rivermoore Park is selling best in today's market.

Lease/Purchase:  Buyer enters into a lease agreement with Seller and at the end of the lease period, Buyer has opton to buy the home at an already agreed upon price and terms.

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Information is courtesy of First Multiple Listing Service (FMLS). Information is believed
accurate, but not guaranteed.

0 comments • Janice Slaven, Suwanee Georgia Real Estate • May 10 2008 08:06AM