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Market stats for Sugar Hill, GA , December, 2011 indicates that there are 158 homes on the market.  Overall, there is about an 5.0 month supply.  There were 31 sales, compared to 34 last month and 28 last December.  The Absorption Rate (AR) dropped, but that is largely due to the decrease in listings.

For Sugar Hill homes priced under $200k, there are 118 listings, with about 5.0 months supply.  There were 24 sales this December, slightly less than last year for the same time (25).  Last month there were 29 sales.  Inventories have been fluid, rising and falling.  Normally, this time of year we see inventories leveling out, but this month there was a slight decrease.

Sugar Hill Listings between $200k and $400k, there are 34 listings for sale, and about 11.3 months of supply.  Last December there was an 17.2 month supply.  Last December there were 3 sales, this year there were 7.  Last month  had 2 sales.  This segment had a HUGE turnaround this month compared to the last few months.  The 3 month rolling average of sales was WAY up and the inventory was down.

For listings in the $400k to $600k range, there are 3 homes on the market.  The absorption rate is around 3 months, but with 4 sales since last October (until November), it is tough to calculate accurately.  Obviously, a sale or two could make a BIG difference, and we had 3 more sales in November alone, but none for December.  That brought the total sales for the year from 4 to 7.  There were only 3 sales in this segment last year.  I still hope to see some consistent activity in this segment.

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. 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.

Atlanta Metro Zillow Home Value Index

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