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Market stats for Sugar Hill, GA , December, 2010 indicate that there are 241 properties on the market. Overall, there is about an 12.7 month supply of properties.  Sales have been fairly steady since July, but inventories have been rising, and along with it, the number of months of inventory (that is the wrong way...)

for Sugar Hill homes priced under $200k, there are 168 listings, with under 9.7 months supply.  Sales are also about 3x of the level last year, 25 v 8 last December.  But, for the last three months, that only puts sales up by 3 v last year.  And this segment is doing WAY better than the next one up.

Sugar Hill Listings between $200k and $400k, there are 63 listings for sale, and about 17.2 months of supply.  As recently as May, there was only a 6.75 month supply.  This segment really took a beating.  It had a slight bump in November, but drove off a cliff in December.  There were only 3 sales v 11 last year.  In fact, for the last three months, there were only 11 sales v 27 last year.

For listings in the $400k to $600k range, there are 6 homes on the market. The absorption rate is around 36 months, but with 1 sale in the last 6 months, it is tough to calculate accurately.  Obviously, a sale or two could make a BIG difference.  There have only been 3 sales in this segment this year.  Last year there were almost twice as many sales in this price range.

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 are only 4 homes listed for sale in that price range.  No sales have been recorded in the last 18 months or so.

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.

Related articles

• Sugar Hill, GA, Market Report, November 2010 (lanebailey.com)
• Sugar Hill, GA, Market Report, October 2010 (lanebailey.com)

Sugar Hill Market Reports on LaneBailey.com

Image by lane.bailey via Flickr

Market stats for Sugar Hill, GA , October, 2010 indicate that there are 232 properties on the market. Overall, there is about an 11 month supply of properties.  Sales have been fairly steady since July, but inventories have been rising.

In the sub-$200k arena, there are 156 listings, with under 12.3 months supply.  Sales are also about 65% of the level last year over the last three months.  Sales appear to be decelerating, but perked up for October... still down 17 v 24 compared to last year.

Between $200k and $400k, there are 64 listings for sale, and about 14.8 months of supply.  As recently as May, there was only a 6.75 month supply.  September was better than August, but still pretty weak overall.  October was weaker yet...

From $400k to $600k, there are 8 homes on the market. The absorption rate is around 24 months, but with 1 sale in the last 5 months, it is tough to calculate accurately.  Obviously, a sale or two could make a BIG difference.  There have only been 3 sales in this segment this year.

Above $600k, the sales are too inconsistent to have a solid read on, but there are only 4 homes listed for sale in that price range.  No sales have been recorded in the last 17 months or so.

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.

Related articles

• Sugar Hill, GA, Market Report, September 2010 (lanebailey.com)
• Sugar Hill, GA, Market Report, August 2010 (lanebailey.com)

from LaneBailey.com

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Market stats for Sugar Hill, GA , September, 2010 indicate that there are 226 properties on the market. Overall, there is about an 10.4 month supply of properties, with sales dropping precipitously since June (31 in June, 15 in August and 17 in September).  Meanwhile, inventories are up.

In the sub-$200k arena, there are 151 listings, with under 13.7 months supply.  Sales are also about ¾ of the level last year over the last three months.  Sales appear to be decelerating.

Between $200k and $400k, there are 65 listings for sale, and about 11.5 months of supply.  As recently as May, there was only a 6.75 month supply.  September was better than August, but still pretty weak overall.

From $400k to $600k, there are 6 homes on the market. The absorption rate is around 18 months, but with 1 sale in the last 4 months, it is tough to calculate accurately.  Obviously, a sale or two could make a BIG difference.  There have only been 3 sales in this segment this year.

Above $600k, the sales are too inconsistent to have a solid read on, but there are only 4 homes listed for sale in that price range.  No sales have been recorded in the last 17 months or so.

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.

Related articles

• Sugar Hill, GA, Market Report, August 2010 (lanebailey.com)

from LaneBailey.com

Image via Wikipedia

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.

Market stats for Sugar Hill, GA , March, 2010 indicate that there are 228 properties on the market. Overall, there is about an 9.7 month supply of properties, with sales dropping precipitously since June (31 in June, 15 in August).  Meanwhile, inventories are on the way up.

In the sub-$200k arena, there are 150 listings, with under 9.6 months supply.  Sales are also about half of what they were in June, and only ¾ of the level last August.

Between $200k and $400k, there are 69 listings for sale, and about 11.5 months of supply.  As recently as May, there was only a 6.75 month supply.  Sales are only 30% of the May level, and inventories are up slightly.

From $400k to $600k, there are 3 homes on the market. The absorption rate is around 8 months, but with no sales in the last 3 months, it is tough to calculate accurately.  Obviously, a sale or two could make a BIG difference.  There have only been 2 sales in this segment this year.

Above $600k, the sales are too inconsistent to have a solid read on, but there are only 6 homes listed for sale in that price range.  No sales have been recorded in the last 17 months or so.

I have a page dedicated to Sugar Hill Market Data.

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• Lawrenceville, GA Market Report - August, 2010 (lanebailey.com)
• Duluth, GA, Market Report, August 2010 (lanebailey.com)
• Lilburn, GA Market Report, August 2010 (lanebailey.com)
• This is what I feared... Gwinnett Market Report - July, 2010 (gwinnettgarageguy.com)

from LaneBailey.com

Market stats for Sugar Hill, January, 2010 indicate that there are 202 properties on the market. Overall, there is about an 9 month supply of properties, with sales remaining steady, although February was much weaker than the year prior.  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 10 1/2 months supply.  This segment has been slowing until the last couple of months...  January and February were both up from last year.

Between $200k and $400k, there are 80 listings for sale, and about a 12 1/2 months of supply.  Sales were quite strong in December, and fair in January, but very weak in February (3 v 13)

From $400k to $600k, there are 4 homes on the market. The absorption rate is around 12 months, but with only 1 sale in the last 3 months, it is tough to calculate accurately.

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. 

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...

From LaneBailey.com.  I have a page dedicated to Sugar Hill Market Data.

The whole year of 2009 was challenging in some segments.  In other segments, it has shown surprising resilience and strength.  Sugar Hill is one of the markets in Gwinnett County, GA, that has shown relative strength, even into the last quarter of 2009.  And it started off quite strong.

Looking back over the last couple of months for Sugar Hill, GA, the market has been pretty consistent.  The biggest thing has been the First Time Home Buyer Tax Credit.  It has had a GIANT pull on the market, and when it "expired" (it was renewed and expanded before it actually expired, but the effect seemed to expire) it altered the direction of the market... as it did when it was enacted.  In Sugar Hill, the effect either wasn't as strong, or it lasted all year.

Let's knock out a few numbers...

• There were 155 Listings as of 12/31/2009
• December currently reports with 20 sales
• The Absorption Rates for Lawrenceville break down as follows:
  • 12 month average - 6.33 months of inventory
  • 6 month average - 5.89 months of inventory
  • 3 month average - 6.08 months of inventory

The link above explains Absorption Rates more fully, but basically, it tells us how long it would take to sell all of the property on the market at the current rate.

Sales for Sugar Hill in December were up 17.6% compared to December 2008.  This was after November was up 78.6% year over year.  Days on Market also decreased by 39 days to 46 days.  One thing to keep in mind though is that there may still be sales that are unreported. 

By Segment...

The market is divided up into six segments.  There is very little data on the highest three price segments, so I don't break them out as much.

Under $200k...

There were 87 listings and 8 sales in December.  Looking back the 12mo/6mo/3mo Absorption Rates were 5.5/5.5/5.3 months.  I was a little surprised by the consistency.  And since 6 months of inventory is considered a balanced market, these are pretty good numbers.  The Under $200k segment is the strongest.  And that is good company because each of the bottom three segments has some mojo.

$200k - $400k...

There were 59 listings and 11 sales in December.  The 12mo/6mo/3mo Absorption Rates were 7.4/6.6/6.6 months.  I also expected the First Time Home Buyer Tax Credit to have a little more impact on the 3mo rate, but sales remained steady.  The $200k - $400k segment has been reasonable all year.  Looking back at our historical numbers for the last couple of years, these are great numbers.

$400k - $600k...

There were 6 listings and 1 sale in December.  The 12mo/6mo/3mo Absorption Rates were 8.0/9.0/6.0 months.  This segment shouldn't have been affected by the tax credit as lower priced homes. I was a little surprised at the way the sales picked up in the last quarter.  But when it all boils down, it was because there was one sale in each month of the last quarter.

$600k - $800k, $800k - $1m and Over $1m...

There were a total of 3 listings and no sales in the last 12 months.  The Absorption Rates can't be calculated.  An extra or missed sales make a giant swing in the data.  Also, these homes are not likely to be affected by the old tax credit or the newer expanded tax credit.

Click here to search Sugar Hill properties.