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Market stats for Sugar Hill, GA , June, 2011, indicate that there are 217 properties on the market (238 in May). Overall, there is about an 8.5 month supply of properties (9.9 last month).  There were 38 sales, compared to 45 last month and 31 last June.  The Absorption Rate (AR) dropped, but that is largely due to a weak month dropping off… and a reasonably strong month of sales for June.  Unless we drive off a cliff, next months AR should look fairly good, too.

For Sugar Hill homes priced under $200k, there are 148 listings (164 for May), with under 5.1 month supply (6.9 last month).  There were 32 sales this June, 23 last year for the same time.  Inventories have been rising fluid, rising and falling (down 3 months in a row, though).  Normally, this time of year we see inventories ramping up.

Sugar Hill Listings between $200k and $400k, there are 60 listings for sale (64 last month), and about 18 months of supply (12.8 in May).  This segment really took a beating.  Last June there were 8 sales, this year there were 3.  Last month had 4.  This is one of the weakest segments in the county.

For listings in the $400k to $600k range, there are 6 homes on the market (same as last month). The absorption rate is 6 months (72 months in May).  Obviously, a sale or two could make a BIG difference.  There were only 3 sales in this segment last year.  In 2009, there were almost twice as many sales in this price range.  There were 3 sales in June… as many as all of last year.  Any more sales and this will be the best in years at this level.  Still not great, though.

In the $600k to $800k, $800k to $1m and Above $1m (combined), the sales are too inconsistent to have a solid read on, but there are only 3 homes listed for sale in that price range (there were 4 last month).  No sales have been recorded in the last 2+ years.

Sugar Hill, GA is a suburb of Atlanta in Gwinnett County. The population is 2000 was 11,399, but that only included the area inside the city limits.  The name comes from a bag of Sugar that spilled on a hill while in transit between Cumming and the railroad in Buford.  And while it is actually a big market, it is in the shadows of Lawrenceville, Duluth and Suwanee… which all are nearby.  That also makes it a great location, as it is close to everything that Gwinnett County, GA has to offer.

I have a page dedicated to Sugar Hill Market Data.

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