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Market stats for Sugar Hill, GA , May, 2012 indicates that there are 143 homes on the market.  Overall, there is about an 5.1 month supply.  There were 39 sales, compared to 32 last month and 43 last May.  Of course, last May, there were 238 listings on the market.

For Sugar Hill homes priced under $200k, there are 97 listings, with about 3.5 months supply.  There were 34 sales this May, slightly worse than last year for the same time (39).  There were 25 sales last month.  Inventories have been fluid, rising and falling.  This time of years we often see a slight decrease in listings… but we are already very low.

Sugar Hill Listings between $200k and $400k, there are 42 listings for sale, and about 10.5 months of supply.  Last May there was an 12.8 month supply.  There were 4 sales, this year there were also 4.  Last month had 7 sales.  It makes the last couple of months look more like flukes.

For listings in the $400k to $600k range, there were 3 homes on the market.  The absorption rate was around 9 months, but with 1 sale this month (and that being the only sale since November), 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 2 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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