Real Estate activity with waterfront Lake Hartwell homes have started to warm up. Now if we can get the weather to warm a little, things would be really great. As you know, the lake level has come up with all the rain we’ve been getting. Plus, with the Stock Market and Consumer Confidence growing it’s just a matter of time before lake property and second homes become a priority again. I’m averaging about four showings a week with potential lake property buyers that want to take advantage of the “great deals”.

Lake Hartwell Home sales improved 15% over 2008. That’s a strong indicator that we’re moving in the right direction. Average Sale prices have decreased by 22% with most buyers looking in the $200,000 to $350,000 range.

Unfortunately, lake lots have not had the success that homes have had. Lenders have not been willing to open up the way that they used to for lot purchases. Plus, buyers that may have wanted to build, are now finding that they can buy a resale much cheaper then spending the money to build. Many lake lot owners wanting to sell are willing to take big losses just to move their property.

Here are statistics for the 2009 “waterfront” Real Estate activity on Lake Hartwell. This list does not include condos and townhomes (source: SC Western Upstate MLS and does not include FSBO and non Upstate MLS listings):

                                                                        2009           

Homes  Sold -                          65

            Average Days on the Market –                       161                 

            Average List Price -                                   $404,822            

            Average Sale Price -                                    359,514             

            Sale vs. List Price –                                         88.8%             

 Note: List Price is the last price reflected in the MLS listing and may not be the Original List price. Also, some properties may have been listed multiple times.   

            Current Active Listings -                                 278                

            Current Homes Pending (under contract) -           13

 

Waterfront Lots Sold -            15                  

 

            Average Days on the Market –                        205                

            Average List Price –                                  $160,753        

            Average Sale Price -                                   140,946          

            Sale vs. List Price –                                      87.8%             

 

            Current Active Listings -                                221

            Current Lots Pending (under contract) -            0

 

If you’d like to receive an actual list of the homes/lots that have sold in 2008, please click on the link below or email Jay Hufnagel, Keller Williams Realty, at sayjay@bellsouth.net.

 

Homes Sold

 Click Here for Homes Sold or Under Contract

Lots Sold

 Click Here for Lake Lots Sold or Under Contract

The time to buy lake property is now ….”they’re not making any more of it”.   

 

By: Jay Hufnagel, Keller Williams Realty, Lake and Home Group, 770-757-2799, just “Say Jay” for Real Estate