Category Archives: sugar hill

Sugar Hill, GA, Market Report, August 2013

Friday, 20 September 2013 09:29

Written by Lane Bailey

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Market stats for Sugar Hill, GA , August, 2013 indicates that there were 110 homes on the market, up 8 from last month. Overall, there is about an 3.0 month supply (2.7 last month). There were 36 sales, compared to 38 last month and 22 last August. Of course, then there were 139 listings on the market.

English: An ornamental iron fence built for the City of Sugar Hill, GA. (Photo credit: Wikipedia)

For Sugar Hill homes priced under $200k, there were 52 listings, with about 2.5 months supply. There were 26 sales this August, below last year for the same time (16). There were 19 sales last month. Inventories have been fluid, rising and falling. This time of year we often see a slight increase in listings… but we are still very low. In fact, sales may be stifled by lack of inventory. Things have been a little choppy, though… up one month, down the next, then back up.

Sugar Hill Listings between $200k and $400k, there are 50 listings for sale, and about 3.3 months of supply. Last August there was a 2.7 month supply. There were 5 sales then, this year there were 9. Last month had 18 sales. We are still in Seller’s Market territory though. Of note, from May, 2012, to June, 2012, the Absorption Rate dropped from 10.5 months of inventory to 5.4. It had spent almost a year above 10… and now has spent over a year below 10.

For listings in the $400k to $600k range, there were 5 homes on the market. The absorption rate was around 5 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 rest of the active 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 3 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.

Sugar Hill, GA, Market Report, July 2013

Friday, 23 August 2013 22:13

Written by Lane Bailey

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This map shows the incorporated and unincorpor...

Image via Wikipedia

Market stats for Sugar Hill, GA , July, 2013 indicates that there were 101 homes on the market, up 10 from last month. Overall, there is about an 2.7 month supply (2.7 last month). There were 38 sales, compared to 36 last month and 31 last July. Of course, then there were 139 listings on the market.

For Sugar Hill homes priced under $200k, there were 47 listings, with about 2.4 months supply. There were 19 sales this July, below last year for the same time (23). There were 18 sales last month. Inventories have been fluid, rising and falling. This time of year we often see a slight increase in listings… but we are very low. In fact, sales may be stifled by lack of inventory. Things have been a little choppy, though… up one month, down the next, then back up.

Sugar Hill Listings between $200k and $400k, there are 45 listings for sale, and about 2.7 months of supply. Last July there was a 4.6 month supply. There were 8 sales then, this year there were 18. Last month had 18 sales. This month was gang-busters. We are back in Seller’s Market territory here. Of note, from May, 2012, to June, 2012, the Absorption Rate dropped from 10.5 months of inventory to 5.4. It had spent almost a year above 10… and now has spent over a year below 10.

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 5 homes listed for sale in these price ranges. No sales have been recorded in the last 2+ years.

I have a page dedicated to Sugar Hill Market Data.

Atlanta Metro Zillow Home Value Index

Atlanta Metro Home Values – Interactive chart

State of the Market for the North Gwinnett HS Area

Wednesday, 07 August 2013 10:04

Written by Lane Bailey

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Real estate is local… and one of the biggest influences in real estate is the local schools. Great schools spur demand. Mediocre schools lag. People actively seek a way out of bad school districts. It isn’t the only thing that pushes value and demand, but it certainly is one of the big drivers.

Transportation, jobs and local amenities are also drivers. Depending on the type of buyers, things like hospitals may pull one demographic, while shopping and restaurants may pull in another.

In the case of the schools in the NGHS cluster (Roberts, Suwanee, Level Creek and Riverside Elementary; North Gwinnett Middle School and North Gwinnett High School), there is a draw from the quality of the schools. People WANT to be in this area to have access to these schools.

Because of that, we are seeing prices push up and inventories push down. In fact, when looking at the sales, the recent decreases look to be largely because there simply isn’t enough inventory to support more sales. So, while at first glance it may look like this area is slowing down, the problem is that there just isn’t any supply to allow a higher number of sales. The North Gwinnett Cluster consists of parts of Suwanee and a little bit of Sugar Hill.

Since schools are one of the big drivers of demand, MANY consumers search for real estate based on schools. Unfortunately, there are a lot of homes that are incorrectly entered, causing homes that are NOT in the cluster to land in the search results… and even throwing off the statistics, as homes outside of the correct area are included in statistical samples.

Working with an agent that lives and works in the area you are interested in helps to sort out some of the chaff… but even then I see a lot of agents that have been in the market area a long time kind of “forget” that several new schools opened 3 years ago… and that the alignment and attendance zones changed. One easy way to tell… any listing with North Gwinnett High School and Lanier Middle School together is wrong…

If you are interested in a home in the North Gwinnett Cluster, or if you want to sell your home in the North Gwinnett Cluster, give Lane a call…

Sugar Hill, GA, Market Report, June 2013

Friday, 26 July 2013 09:24

Written by Lane Bailey

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Image via Wikipedia

Market stats for Sugar Hill, GA , June, 2013 indicates that there were 91 homes on the market. down 8 from last month. Overall, there is about an 2.7 month supply (3.0 last month). There were 36 sales, compared to 39 last month and 39 last June. Of course, then there were 139 listings on the market.

For Sugar Hill homes priced under $200k, there were 46 listings, with about 2.4 months supply. There were 17 sales this June, well below last year for the same time (30). There were 23 sales last month. Inventories have been fluid, rising and falling. This time of year we often see a slight increase in listings… but we are very low. In fact, sales may be stifled by lack of inventory. Things have been a little choppy, though… up one month, down the next, then back up.

Sugar Hill Listings between $200k and $400k, there are 37 listings for sale, and about 2.7 months of supply. Last June there was a 5.4 month supply. There were 9 sales then, this year there were 18. Last month had 15 sales. This month was gang-busters. We are back in Seller’s Market territory here. Of note, from May, 2012, to June, 2012, the Absorption Rate dropped from 10.5 months of inventory to 5.4. It had spent almost a year above 10… and now has spent a year below 10.

For listings in the $400k to $600k range, there were 5 homes on the market. The absorption rate was around 7.5 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 rest of the active selling season.

I have a page dedicated to Sugar Hill Market Data.

Atlanta Metro Zillow Home Value Index

Atlanta Metro Home Values – Interactive chart

Sugar Hill, GA, Market Report, May 2013

Friday, 21 June 2013 10:17

Written by Lane Bailey

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Image via Wikipedia

Market stats for Sugar Hill, GA , May, 2013 indicates that there were 99 homes on the market. down 1 from last month. Overall, there is about an 3.0 month supply (3.4 last month). There were 39 sales, compared to 26 last month and 39 last May. Of course, then there were 143 listings on the market.

For Sugar Hill homes priced under $200k, there were 52 listings, with about 2.4 months supply. There were 23 sales this May, well below last year for the same time (34). There were 18 sales last month. Inventories have been fluid, rising and falling. This time of year we often see a slight increase in listings… but we are very low. In fact, sales may be stifled by lack of inventory. Things have been a little choppy, though… up one month, down the next, then back up.

Sugar Hill Listings between $200k and $400k, there are 41 listings for sale, and about 3.8 months of supply. Last May there was a 10.5 month supply. There were 4 sales then, this year there were 15. Last month had 8 sales. This month was gang-busters. We are back in Seller’s Market territory here.

For listings in the $400k to $600k range, there were 3 homes on the market. The absorption rate was around 9.0 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 rest of the Spring selling season.