Sugar Hill, GA, Market Report, October 2012

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Market stats for Sugar Hill, GA , October, 2012 indicates that there were 122 homes on the market. A decline of 6 from last month. Overall, there is about an 4.1 month supply (4.6 last month). There were 36 sales, compared to 31 last month and 18 last October. Of course, then there were 169 listings on the market.

For Sugar Hill homes priced under $200k, there were 81 listings, with about 3.6 months supply. There were 28 sales this October, well above last year for the same time (18). There were 24 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 36 listings for sale, and about 5.7 months of supply. Last October there was an 33 month supply. there were 0 sales, this year there were 7. Last month had 7 sales. That makes four of the last five months look reasonably strong.

For listings in the $400k to $600k range, there were 2 homes on the market. The absorption rate was around 4.5 months, but with 1 sale this month (and May and August single sales being the only others 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 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.