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Market stats for Sugar Hill, GA , March, 2012 indicates that there are 153 homes on the market.  Overall, there is about an 6.2 month supply.  There were 26 sales, compared to 19 last month and 23 last March.  The Absorption Rate (AR) increase, largely due to the weaker sales the last two months.

For Sugar Hill homes priced under $200k, there are 108 listings, with about 5.3 months supply.  There were 25 sales this March, significantly than last year for the same time (15).  There were 18 sales last month.  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.  We should have had a major inventory bump over the last two months.

Sugar Hill Listings between $200k and $400k, there are 40 listings for sale, and about 30 months of supply.  Last March there was an 14.8 month supply.  There were 8 sales, this year there were 1.  Last month also had 1 sale.  This was VERY weak.

For listings in the $400k to $600k range, there were 2 home on the market. The absorption rate was around 4 months, but with 3 sales in November (and those being the only sales since July), it is tough to calculate accurately. Obviously, a sale or two could make a BIG difference. 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 were 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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