Suwanee Townhomes

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About Suwanee

Suwanee, Georgia, a delightful suburb that offers the perfect blend of small-town ambiance with big-city amenities. The real estate market in Suwanee is thriving, characterized by a variety of housing options that cater to diverse preferences and lifestyles. You'll find everything from charming single-family homes in established neighborhoods to modern townhouses and upscale apartments in new developments. The trend here leans towards properties that provide a balance of comfort, style, and functionality, attracting families, professionals, and retirees alike. Suwanee's real estate is particularly appealing for its affordability, quality of life, and its strong, community-oriented atmosphere.

Living in Suwanee means immersing yourself in a lifestyle that's both relaxing and vibrant. The city is known for its beautiful parks, like the sprawling Suwanee Creek Park, and an active outdoor scene that includes hiking, biking, and plenty of recreational activities for all ages. The Town Center is the heart of Suwanee, offering a unique mix of shopping, dining, and entertainment, as well as hosting year-round events and festivals that bring the community together. Suwanee's schools are top-rated, adding to its appeal for families looking for a nurturing environment for their children. It's a place where southern hospitality shines through, and the quality of life is high.

Suwanee Real Estate Market Overview

$675,000

Median Listing Price

$234

Median Sale Price per Sq. Ft.

$675,000

Median Sold Price

15

Median Days on Market

Suwanee Real Estate Market Overview

The Johns Creek housing market, known for its high competitiveness, has shown consistent growth in median prices and intriguing migration patterns.

Current Market Trends: What Buyers Need to Know

Insights into Johns Creek's housing market:

Median Home Prices: Johns Creek has experienced a commendable 7.3% increase in the median sale price of homes, reaching $675,000 compared to the previous year.

Price per Square Foot: A significant rise of 12.0% is observed in the median sale price per square foot, currently standing at $234.

Sales Dynamics: Homes in Johns Creek are selling at a notably faster pace, averaging 15 days on the market compared to 25 days the previous year. There was a decrease in the number of homes sold, with 59 homes sold in October this year, down from 79 in the same period last year.

Migration Trends in Suwanee

Incoming Homebuyers: 2% of homebuyers are considering a move into Johns Creek from outside metros, with New York homebuyers showing the most interest, followed by Los Angeles and San Francisco.

Outgoing Homebuyers: 83% of Johns Creek homebuyers are opting to remain within the metropolitan area. Chattanooga emerges as the favored destination, followed by Macon and Savannah.

Engage with The Regan Maki Team

For personalized insights and expert guidance in navigating Johns Creek's real estate landscape, trust The Regan Maki Team. With a commitment to exceptional service and an extensive knowledge of the local market, they are well-equipped to assist you in your real estate endeavors in Johns Creek.

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TOP FAQS ABOUT TOWNHOMES IN SUWANEE

Yes, they can be, with several factors contributing to their potential:

  • Steady appreciation: Over the past 5 years, the median townhome price in Suwanee has risen by 25%, indicating strong long-term value growth.
  • High demand: Suwanee attracts families, young professionals, and investors, creating a competitive market and pushing demand for well-located townhomes.
  • Diverse offerings: From modern, centrally located units to family-friendly options in quiet neighborhoods, Suwanee caters to various budgets and lifestyles.

However, consider these points:

  • Competition: Bidding wars and quick deals are common, requiring strategic maneuvering and swift decision-making.
  • Limited inventory: New construction often focuses on single-family homes, keeping townhome availability tight.
  • HOA fees and restrictions: Be mindful of potential HOA fees and community regulations that may impact your lifestyle preferences.

Neighborhood Example: In The Villages at Town Center, known for its modern townhomes and proximity to shopping and dining, the median townhome price exceeds $450,000, reflecting exclusivity and high demand.

  • Shift towards smaller units: While spacious townhomes remain popular, smaller units with efficient layouts are gaining traction due to affordability concerns and solo buyers.
  • Focus on outdoor living: Townhomes with balconies, patios, or access to community green spaces are highly sought-after, capitalizing on the pleasant Georgia climate.
  • Sustainability features: Energy-efficient appliances, smart home systems, and eco-friendly construction are increasingly valued by buyers.

Neighborhood Example: The Greenway at Suwanee Creek exemplifies this trend with its LEED-certified townhomes featuring private patios and proximity to a community park, attracting environmentally conscious buyers seeking modern living.

The "best" depends on your priorities:

  • Family-friendly atmosphere: The neighborhoods near Suwanee Town Center and George Pierce Park offer access to good schools, parks, and family-oriented amenities, catering to families with children.
  • Active lifestyle: The areas around Town Center and Buford Highway provide proximity to shopping, restaurants, and entertainment venues, ideal for young professionals and those seeking a vibrant lifestyle.
  • Quiet escape: The outskirts of Suwanee, like Sugarloaf Parkway or Lawrenceville Highway, offer more affordable options with a slower pace and proximity to nature, attracting those seeking a peaceful environment.
  • Affordability: Rising costs and limited inventory, particularly for desirable properties, can limit accessibility for some buyers.
  • Traffic congestion: Suwanee's growth can lead to traffic congestion, particularly during peak hours.
  • Parking limitations: On-street parking may be limited, and some townhome communities charge extra for assigned parking.
  • Partner with a local townhouse expert: Their knowledge of specific neighborhoods, market trends, and negotiation strategies is invaluable.
  • Define your needs and budget: Be clear about your priorities, financial limitations, and desired features like outdoor space or proximity to amenities to make informed decisions and target your search effectively.
  • Be prepared to act quickly: In such a competitive market, swift decision-making and strategic offers are crucial to securing your desired property.