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
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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 |
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
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Information is believed to be accurate but is not guaranteed.
