Sugar Hill, GA, Market Report, February 2013

This map shows the incorporated and unincorpor...

Image via Wikipedia

Market stats for Sugar Hill, GA , Febuary, 2013 indicates that there were 111 homes on the market. Flat from last month. Overall, there is about an 4.8 month supply (4.3 last month). There were 25 sales, compared to 16 last month and 19 last February. Of course, then there were 150 listings on the market.

For Sugar Hill homes priced under $200k, there were 69 listings, with about 4.4 months supply. There were 16 sales this February, a little below last year for the same time (18). There were 13 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. Christmas slowed things down, as usual, but it’s about time to pick up again.

Sugar Hill Listings between $200k and $400k, there are 37 listings for sale, and about 5.6 months of supply. Last February there was a 12.3 month supply. There was 1 sale then, this year there were also 8. Last month had 2 sales. That makes two of the last three months look pretty strong. We are in a slight Seller’s Market here again when the Holiday slowdown is over.

For listings in the $400k to $600k range, there were 5 homes on the market. The absorption rate was around 5.0 months, but with 1 sale this month, it is tough to calculate accurately. Obviously, a sale or two could make a BIG difference. I’ve finally started to see some consistency here. Hopefully we’ll have a little more action during the Spring selling season.

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 0 homes listed for sale in these price ranges. 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.