Here’s some sale statistics for “dockable” waterfront Homes and Lots on Lake Lanier so far in 2008 (source: FMLS and does not include FSBO and non FMLS listed properties):
 
Waterfront Homes Sold (does not include Condos/Townhouses) – 5
            Average Days on the Market – 125
            Average List Price - $923,960
            Average Sale Price - $778,780
            Sale Price vs. List Price – 84.3%
 
                        Note: Most expensive Home sold for $1,650,000
                                   Least expensive Home sold for $169,900      
 
Waterfront Lots Sold – None
 
Please email me at sayjay@bellsouth.net if you would like to see the actual properties that were sold.
 
It’s very apparent that Buyers are still watching the housing market and waiting to see where the bottom is. The good news for Buyers …. lake property inventory is climbing, interest rates are low, and Sellers are starting to realize that if they want to sell then they need to be realistic on price. All we need now is three things …..some rain, rain and more rain.
           
Don’t forget the Lake Lanier Super Shore Sweep on April 12th. For more information, contact Vicki Barnhorst ( lakeinfo@lakelanier.org ) , Executive Director of The Lake Lanier Association.  I urge everyone that has interest in Lake Lanier to visit The Lake Lanier Association website as soon as possible. Here you’ll find links to various websites that are devoted to saving our lake.
By Jay Hufnagel, Keller Williams Realty, Lake and Home Group, just "Say Jay" at 770-757-2799