SUWANEE GA, FIRST QUARTER 2008 RECAP

A SNAP SHOT LOOK AT THE SUWANEE MARKET
First Quarter 2008 vs. First Quarter 2007


FIRST QUARTER 2008

CURRENT  ACTIVES:

TOTAL UNITS:  586
HIGH PRICE: $8,500,000
LOW PRICE:  $   129,900

BREAKDOWN:
  • Corporate :  19
  • Estate Owned:  5
  • Foreclosure:  20
  • Lease/Purchase:  21
  • Owner Transfer:  38
  • Other:  483
PENDINGS:

TOTAL UNITS:  55
HIGH PRICE:  $1,500,000
LOW PRICE:  $   157,900

BREAKDOWN:
  • Corporate :  6
  • Estate Owned:  0
  • Foreclosure:  7
  • Lease/Purchase:  2
  • Owner Transfer:  3
  • Other:  37
SOLDS:

TOTAL UNITS:  79
HIGH PRICE:  $2,493,032
LOW PRICE:  $      96,000

BREAKDOWN:
  • Corporate:  6
  • Estate Owned:  0
  • Foreclosure:  12
  • Lease/Purchase:  3
  • Owner Transfer:  6
  • Other:  52


FIRST QUARTER SOLDS RECAP:
  • Average Original Price:  $345,533
  • Average Sales Price:  $319,243
  • Average List to Sale Percentage:  92%
  • Average DOM:  116


 FIRST QUARTER 2007

SOLDS:  

TOTAL UNITS:  181
HIGH PRICE:  $1,858,400
LOW PRICE:    $   119,000

BREAKDOWN:
  • Corporate Owned:  7
  • Estate Owned:  1
  • Foreclosure:  6
  • Lease/Purchase:  2
  • Owner Transfer:  10
  • Other:  155
RECAP:
  • Average Original Price:  $345,068
  • Average Sales Price:  $335,094
  • List to Sale Price Percent:  97%
  • Average DOM:  80





ANALYSIS:  
  1. Sold Units:  '08 vs. '07   <44>
  2. Average List Price:  '08 vs. '07  - No Change
  3. Average Sold Price:  '08 vs. '07  <5>
  4. List to Sale Price:  '08 vs. '07

Information is for Suwanee/Gwinnett. Data from First Multiple Listing Service.
Information is believed accurate but is not guaranteed.
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SUWANEE GA - SECOND QUARTER MARKET RECAP 2008

SUWANEE RECAP SECOND QUARTER 2008
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

CURRENT ACTIVES
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

Pie Graphs



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
Horizontal Bar Graph


Bar Graph



My House
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My Suwanee Home

Information is courtesty of the First Multiple Listing Service. Information is believed to be accurate but is not guaranteed.
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