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...
Market stats for Sugar Hill, January, 2010 indicate that there are 199 properties on the market. Overall, there is about an 8 month supply of properties, with sales remaining steady... and fairly strong. It is one of the few markets to show more strngth in the last three months than in the last six.
In the sub-$200k arena, there are 115 listings, with under 9 1/2 months supply. This segment has been slowing longer than the last couple of months...
Between $200k and $400k, there are 77 listings for sale, and just under 10 months of supply. Sales were quite strong in December, and fair in January.
From $400k to $600k, there are 4 homes on the market. The absorption rate is around 6 months, but with only 2 sales in the last 3 months, it is tough to calculate.
Above $600k, the sales are too inconsistent to have a solid read on, but there are only 3 homes listed for sale in that price range. No sales have been recorded in the last 15 months or so.
From LaneBailey.com. I have a page dedicated to Sugar Hill Market Data.
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