Market stats for Suwanee, January, 2010 indicate that there are 566 properties on the market. Overall, there is about an 12.3 month supply of properties.

In the sub-$200k arena, there are 121 listings, with under 8.3 months supply. This is stronger than most of the rest of the county, but not as strong as it was in November (less than 4 months supply).  Part of that is because of the increase in listings… and half the sales, although February was looking up.

Between $200k and $400k, there are 271 listings for sale, and under 11.5 months of supply. Sales dropped off dramatically during the Holiday period. January and February sales were much stronger than 2009.

From $400k to $600k, there are 84 homes on the market. The absorption rate is around 15 months. Sales were 10 for Jan/Feb compared to a year earlier.

In the $600k to $800k arena, there are 45 listings, with about a 45 month supply.  Sales arequite weak, although things had been looking up last month.

The range from $800k to $1m, there are 6 homes listed and approximately 18 months of inventory on the market.  While it is pretty strong at this price level, the number can bounce around a lot because of the low overall volume of sales.

Above $1m, there are 38 properties listed. The current absorption rate indicated just under 5 years of inventory, but because of the smaller numbers of sales, this could be significantly impacted by just a couple of sales.

Suwanee, GA is a suburb of Atlanta in Gwinnett, Forsyth and (just a little bit) in Fulton Counties. The population is 2000 was 8,725, but that only included the area inside the city limits, and it had seen tremendous growth since that census.  Money Magazine rated Suwanee in the “Top 10 Best Places to Live” in 2007, and it is one of the wealthiest parts of Georgia. Recently, the City of Suwanee has revamped their old town, adding a large park with a bandshell, condos, town homes and small businesses. It is also home to North Gwinnett High School, Peachtree Ridge and Collins Hill.

From LaneBailey.com.  I have a page dedicated to Suwanee Market Data.