Sugar Hill, GA, Market Report, August 2012

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Market stats for Sugar Hill, GA , August, 2012 indicates that there were 144 homes on the market. Overall, there is about an 4.7 month supply. There were 22 sales, compared to 31 last month and 33 last August. Of course, then there were 202 listings on the market.

For Sugar Hill homes priced under $200k, there were 103 listings, with about 4.5 months supply. There were 16 sales this August, well under last year for the same time (31). There were 23 sales last month. Inventories have been fluid, rising and falling. This time of year we often see a slight decrease in listings… but we are already very low. In fact, sales may be stifled by lack of inventory.

Sugar Hill Listings between $200k and $400k, there are 35 listings for sale, and about 4.8 months of supply. Last August there was an 11 month supply. Then there were 2 sales, this year there were 5. Last month had 8 sales. That makes five of the last six months look reasonably strong.

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 sales this month (and May’s 1 sale being the only ones since last 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 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.