Suwanee Georgia Real Estate Updates!

The median single family home price in Suwanee Georgia this week is $350,000.  The 635 homes have been on the market for an average of 120 days.

The SUWANEE Georgia real estate market is currently quite strongly in the Buyers Market zone (below 30).

The 90-day Market Action Index stands at 6.  Buyers should find ample choice with several months of inventory available at the current sales rate.

Click Here to download a full report of the past weeks real estate activity in SUWANEE, GA.  Includes charts showing prices, average days on market, inventory levels and more.

Visit www.luciabrooks.com to see over 100,000 North Metro Atlanta real estate listings for sale.  Each listing includes multiple photos, maps and neighborhood info.

The SUWANEE market is currently quite strongly in the Buyers Market zone (below 30).

The 90-day Market Action Index stands at 7. With several months of inventory available at the current sales rate, buyers should find ample choice.

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Click Here to download a full report of the past weeks real estate activity in SUWANEE, GA.  Includes charts showing prices, average days on market, inventory levels and more.

Visit www.luciabrooks.com to see over 100,000 North Metro Atlanta real estate listings for sale.  Each listing includes multiple photos, maps and neighborhood info.

Following is the activity recorded for Suwanee Georgia Residential Real Estate Listings from 12 May, 2007 to 26 May, 2007:

It was a very busy week in real estate sales in Suwanee, GA in the past 2 weeks with new listings exceeding concluded sales by a margin of over 3 to 1!  However, considering the 37 listings that went under contract, the 13 expired listings, 29 sold listings and 26 listings withdrawn, the overall availabillity of housing decreased by 9 units. This seems to indicate that Suwanee is experiencing a very even market! 

There were 96 Suwanee Georgia homes listed for sale in the past 2 weeks, with listing prices ranging from $169,900 for a 3BR, 2.5BA home in Ashley Woods to $1,799,000 for a 5BR, 6.5BA home in Edinburgh.  The average list price for all new Suwanee Georgia homes listed for sale in the last week was $423,428.  A total of $39,980,937 worth of Suwanee Georgia housing came on the market in the last 2 weeks!

0 Suwanee Georgia homes came back on the market in the past 2 weeks.

0 Suwanee Georgia mls real estate listings were extended in the past 2 weeks. 

Sellers are ready for some action as 17 Suwanee Georgia homes had their prices reduced while 0 Suwanee Georgia home had a price increase in the past 2 weeks.  This is a strong signal that homeowners are ready to get moving!

Hopes of getting a sale were dashed for 13 Suwanee Georgia homeowners in the past 2 weeks as their listings expired, they were priced from $217,900 to $829,900.

On the bright side, there were 37 Suwanee Georgia mls real estate listings that went under contract in the past 2 weeks!  These homes ranged in asking price from $154,000 for a 4BR, 3BA home in Deerwookd to $1,249,000 for a 5BR, 4.5BA home in Bears Best Estates.  The average list price for all Suwanee Georgia mls real estate listings that went under contract in the last 2 weeks was $395,919.  A total of $14,649,035 worth of Suwanee Georgia housing went under contract in the past 2 weeks.

There were 29 Suwanee Georgia mls real estate listings reported sold in the past 2 weeks! These homes ranged in price from $195,000 for a 4BR 2.5BA home in Landings at Suwanee Creek to $1,100,000 for a 5BR, 5.5BA home in Winchester on the River.  The average sale price for all Suwanee Georgia homes sold in the past 2 weeks was $360,791.  The average list price to sale price ratio for all Suwanee Georgia homes sold in the past 2 weeks was 96.8%.  The average Days on Market for all Suwanee Georgia homes sold in the past 2 weeks was 71.  A total of $10,426,950 worth of Suwanee Georgia housing was closed on in the past 2 weeks.

There were 26 Suwanee Georgia mls real estate listings withdrawn from the market in the past 2 weeks.

Feel free to contact Lucia Brooks at 404-803-0483 or lucia@luciabrooks.com if you would like more detailed information regarding these transactions.

Visit http://www.luciabrooks.com/ to view all homes for sale today in Suwanee Georgia!

Please let me know if there is any other information you would like to see added to this report.

Following is the activity recorded for Suwanee Georgia Residential Real Estate Listings from 6 May, 2007 to 12 May, 2007:

It was a very busy week in real estate sales in Suwanee, GA this past week with new listings exceeding concluded sales by a margin of almost 5 to 1!  However, considering the 24 listings that went under contract, the 15 expired listings, 9 sold listings and 6 listings withdrawn, the overall availabillity of housing increased by only 1 unit. This seems to indicate that Suwanee is experiencing a very even market! 

There were 55 Suwanee Georgia homes listed for sale this past week, with listing prices ranging from $159,900 for a 3BR, 2BA home in Rosedown to $1,349,000 for a 5BR, 4 Full 2 Half BA home in Edinburgh.  The average list price for all new Suwanee Georgia homes listed for sale in the last week was $423,428.  A total of $23,288,572 worth of Suwanee Georgia housing came on the market last week!

0 Suwanee Georgia homes came back on the market this past week.

3 Suwanee Georgia mls real estate listings were extended this past week. 

Sellers are ready for some action as 18 Suwanee Georgia homes had their prices reduced while 1 Suwanee Georgia home had a price increase this past week.  This is a strong signal that homeowners are ready to get moving!

Hopes of getting a sale were dashed for 15 Suwanee Georgia homeowners this week as their listings expired, they were priced from $169,900 to $1,190,000.

On the bright side, there were 24 Suwanee Georgia mls real estate listings that went under contract this past week!  These homes ranged in asking price from $169,800 for a 3BR, 2.5BA home in Arbour Trace to $1,009,000 for a 5BR, 5BA home in Bears Best Estates.  The average list price for all Suwanee Georgia mls real estate listings that went under contract last week was $332,304.  A total of $7,975,300 worth of Suwanee Georgia housing went under contract in the last week.

There were 9 Suwanee Georgia mls real estate listings reported sold this past week! These homes ranged in price from $189,000 for a 4BR 3BA home in Northbrooke Square to $489,900 for a 5BR, 4BA home in Ashleigh Walk.  The average sale price for all Suwanee Georgia homes sold this past week was $335,623.  The average list price to sale price ratio for all Suwanee Georgia homes sold this past week was 98.5%.  The average Days on Market for all Suwanee Georgia homes sold this past week was 30.  A total of $2,930,700 worth of Suwanee Georgia housing was closed on this past week.

There were 6 Suwanee Georgia mls real estate listings withdrawn from the market last week.

Feel free to contact Lucia Brooks at 404-803-0483 or lucia@luciabrooks.com if you would like more detailed information regarding these transactions.

Visit http://www.luciabrooks.com/ to view all homes for sale today in Suwanee Georgia!

Following is the activity recorded for Suwanee Georgia Residential Real Estate Listings from 28 April, 2007 to 5 May, 2007:

It was a very busy week in real estate sales in Suwanee, GA this past week with new listings just exceeding concluded sales.  However, considering the 21 expired listings, 44 sold listings and 7 listings withdrawn, the overall availabillity of housing decreased by 4 units. This seems to indicate that Suwanee is experiencing a very even market! 

There were 68 Suwanee Georgia homes listed for sale this past week, with listing prices ranging from $160,000 for a 3BR, 2.5BA home in Arbour Trace to $949,000 for a 4BR, 4.5BA home in Laurel Springs.  The average list price for all new Suwanee Georgia homes listed for sale in the last week was $379,535.  A total of $25,808,414 worth of Suwanee Georgia housing came on the market last week!

0 Suwanee Georgia homes came back on the market this past week.

0 Suwanee Georgia mls real estate listings were extended this past week. 

Sellers are ready for some action as 16 Suwanee Georgia homes had their prices reduced while 0 Suwanee Georgia homes had a price increase this past week.  This is a strong signal that homeowners are ready to get moving!

Hopes of getting a sale were dashed for 21 Suwanee Georgia homeowners this week as their listings expired, they were priced from $230,000 to $1,099,000.

On the bright side, there were 31 Suwanee Georgia mls real estate listings that went under contract this past week!  These homes ranged in asking price from $195,000 for a 4BR, 2.5BA home in Landings At Suwanee Creek to $1,009,000 for a 5BR, 5BA home in Bears Best Estates.  The average list price for all Suwanee Georgia mls real estate listings that went under contract last week was $407,628.  A total of $10,598,350 worth of Suwanee Georgia housing went under contract in the last week.

There were 44 Suwanee Georgia mls real estate listings reported sold this past week! These homes ranged in price from $139,000 for a 3BR 2BA home in Arbour Trace to $688,000 for a 6BR, 5BA home in Laurel Springs.  The average sale price for all Suwanee Georgia homes sold this past week was $291,993.  The average list price to sale price ratio for all Suwanee Georgia homes sold this past week was 97.8%.  The average Days on Market for all Suwanee Georgia homes sold this past week was 77.  A total of $12,847,710 worth of Suwanee Georgia housing was closed on this past week.

There were 7 Suwanee Georgia mls real estate listings withdrawn from the market last week.

Feel free to contact Lucia Brooks at 404-803-0483 or lucia@luciabrooks.com if you would like more detailed information regarding these transactions.

Visit http://www.luciabrooks.com/ to view all homes for sale today in Suwanee Georgia!

Following is the activity recorded for Suwanee Georgia Residential Real Estate Listings for 27 April, 2007:

There were 13 new Suwanee Georgia homes listed for sale on 4/27/07 with listing prices ranging from $203,900 for a 3BR, 2.5BA home in River Run to $699,000 for a 4BR, 3.5BA home in Olde Towne Suwanee.  The average list price for all new Suwanee Georgia homes listed for sale on 4/27/07 was $446,130.

0 Suwanee Georgia homes came back on the market on 4/27/07.  0 Suwanee Georiga homes had their listings extended on 4/27/07.

2 Suwanee Georgia homes had their prices reduced and 0 Suwanee Georgia homes had a price increase on 4/27/07.

0 Suwanee Georgia home for sale had their listing expire on 4/27/07.

There were 4 Suwanee Georgia mls real estate listings that went under contract on 4/27/07!  These homes ranged in asking price from $150,000 for a 3BR, 1BA home on Old Peachtree Road to $1,009,000 for a 5BR, 5BA home in Bears Best Estates.  The average list price for all Suwanee Georgia mls real estate listings that went under contract on 4/27/07 was $414,475.

There were 4 Suwanee Georgia mls real estate listing reported sold on 4/27/07! These homes ranged in price from $148,500 for a 3BR, 2BA home in Arbour Trace to $570,000 for a 5BR, 4.5BA home in Laurel Springs.  The list to sale price ratio for homes reported sold on 4/27/07 was 96.8%.  The days on market for these homes was 26.

There were 3 Suwanee Georgia mls real estate listings withdrawn from the market on 4/27/07.

Feel free to contat Lucia Brooks at 404-803-0483 or lucia@luciabrooks.com if you would like more detailed information regarding these transactions.

Visit http://www.luciabrooks.com/ to view all Suwanee Georgia homes for sale today!

Following is the activity recorded for Suwanee Georgia Residential Real Estate Listings for 26 April, 2007:

There were 7 new Suwanee Georgia homes listed for sale yesterday with listing prices ranging from $174,900 for a 4BR, 1.5BA home in Arden Ridge to $875,000 for a 4BR, 5.4BA home in Bear's Best Estate.  The average list price for all new Duluth Georgia homes listed for sale yesterday was $420,614.

1 Suwanee Georgia home came back on the market yesterday.  0 Suwanee Georiga homes had their listings extended yesterday.

2 Suwanee Georgia homes had their prices reduced and 0 Suwanee Georgia homes had a price increase yesterday.

0 Suwanee Georgia homes for sale had their listings expire yesterday.

There were 7 Suwanee Georgia mls real estate listings that went under contract yesterday!  These homes ranged in asking price from $174,900 (BR, BA data not avialable) in Miller Brook to $265,645 for a 4BR, 2.5BA home in Brynfield.  The average list price for all Suwanee Georgia mls real estate listings that went under contract yesterday was $244,811.

There were 2 Suwanee Georgia mls real estate listing reported sold yesterday! These homes ranged in price from $372,300 for a 5BR, 4BA home in Morningview to $365,000 for a 4BR 2.5BA home in Bridle Ridge.  The average sale price for these homes was $368,650.  The average list to sale price ratio for these sales was 99%.  These homes were on the market for an average of 27.5 days before they sold.

There was 1 Suwanee Georgia mls real estate listing withdrawn from the market yesterday.

Feel free to contact Lucia Brooks at 404-803-0483 or lucia@luciabrooks.com l if you would like more detailed information regarding these transactions.

Visit http://www.luciabrooks.com to view all Suwanee Georgia homes for sale today!

Suwanee resident Tom McConnel and other local residents are spearheading an effort to scale down the plans of a Korean mega-church expansion project on Smithtown Road.  Armed with photos of traffic congestion created by Crossroads Community Church located on Highway 20 in Lawrenceville and citing safety issues, the residents convinced the Suwanee City Council to postpone any decision on approving the zoning change until the meeting in May of 2007.

The residents are not against the Korean church per say, just the size and design of the facility they are planning to construct.  The Evergreen Presbyterian Church congregation led by Pastor Byungho Kim had submitted a plan to build a 45,000 square foot church with 350 parking spaces.  The congregation has been located in their current location on Suwanee's Main Street for 10 years but now feels like it has outgrown it's current facility and the congregation would be best served by building at the new location.

The church and local residents are trying to come to a compromise that would satisfy all parties concerned.

Following is the activity recorded for Suwanee Georgia Residential Real Estate Listings for 24 April, 2007:

There were 12 new Suwanee Georgia homes listed for sale yesterday with listing prices ranging from $150,00 for a 3BR, 1BA home on Old Peachtree Road to $574,900 for a 5BR, 4.5BA home in Laurel Springs.  The average list price for all new Suwanee Georgia homes listed for sale yesterday was $333,450.

0 Suwanee Georgia homes came back on the market yesterday.  0 Suwanee Georiga homes had their listings extended yesterday.

2 Suwanee Georgia homes had their prices reduced and 0 Suwanee Georgia homes had a price increase yesterday.

2 Suwanee Georgia home for sale had their listing expire yesterday, they were priced at $149,900 and $535,000 respectively.

There were 3 Suwanee Georgia mls real estate listings that went under contract yesterday!  These homes ranged in asking price from $184,900 for a 3BR, 2.5BA home in Peachtree Manor to $428,800 for a 5BR, 4BA home in Hillside Trace.  The average list price for all Suwanee Georgia mls real estate listings that went under contract yesterday was $284,533.

There was 1 Suwanee Georgia mls real estate listing reported sold yesterday! The home was a 3BR 2.5BA that sold for $243,000.  The list to sale price ratio for this home was 97.2%.  The days on market for this home was 5.

There were 0 Suwanee Georgia mls real estate listings withdrawn from the market yesterday.

Feel free to contact Lucia Brooks at 404-803-0483 or lucia@luciabrooks.com if you would like more detailed information regarding these transactions.

Visit http://www.luciabrooks.com/ to view all Suwanee Georgia homes for sale today!