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Lake Lanier Waterfront Home and Lot sales in 2007

Wednesday, January 02, 2008

by Jay Hufnagel

Happy New Year! Well, as you can see below, sales activity for Lake Lanier waterfront homes and lots have definitely been affected by the housing industry slow down and our Southeast drought. I expect we’ll see things picking up as the rain comes and the lake level increases. Doesn’t it make you wonder where all that rain water goes when it rains a bunch, but still the lake doesn’t go up?

Here’s some statistics on Lake Lanier “dockable” waterfront activity for 2007 (source: FMLS and does not include FSBO and non FMLS listed properties):

Waterfront Homes Sold (does not include Condos/Townhouses) – 134

Average Days on the Market – 105

Average List Price - $698,213

Average Sale Price - $636,038

Waterfront Lots Sold – 39 (excludes 3 multiple lot sales)

Average Days on the Market – 129

Average List Price - $374,417

Average Sale Price - $363,202

Don’t forget the Lake Lanier January Super Shore Sweep on January 5^th at 10:00AM. Please meet Lake Lanier Association members at Balus Creek. From there everyone will be carpooled down to Flat Creek to pick up trash bags. Grilled hot dogs will be provided for lunch. If you miss this clean up day, meet on January 19^th at 10:00AM at Lanier Islands (free admission) to clean up the Cocktail Cove area. For more information, contact Vicki Barnhorst ( lakeinfo@lakelanier.org ) , Executive Director of The Lake Lanier Association.

By: Jay Hufnagel, Keller Williams Realty, Lake and Home Group, Just "Say Jay" for Real Estate

Recent Lake Hartwell Waterfront Activity 12/29/07

Sunday, December 23, 2007

by Jay Hufnagel

Good Day! Christmas is only two days away. I guess I’d better get to the Mall. If you haven’t checked out South Carolina’s new website about buying now in the Upstate it’s worth your time. Like I said before, if you’re considering buying lake property, don’t let this market slip away.

Here’s some recent (last 7 days) “waterfront” activity on Lake Hartwell (source: SC Western Upstate MLS and does not include FSBO and non Upstate MLS listings):

Homes Sold (includes SF, Condos/Townhouses) – 6

Average Days on the Market – 101

Average List Price - $542,266

Average Sale Price - $511,666

Sale vs. List Price – 94.4%

Waterfront Lots Sold - 2

Average Days on the Market – 40

Average List Price – $264,000

Average Sale Price - $226,500

Sale vs. List Price - 85.8%

It’s interesting to compare average sales on Lake Hartwell compared to other lakes, like Lake Lanier. An article in the Atlanta Journal Constitution, Saturday, December 22^nd, stated that Lake Lanier’s 2007 average waterfront home sales rose to $655,000 over $631,000 in 2006. I think that’s impressive, considering we’re in a drought and the overall metro Atlanta market fell close to 15%. When is the best time to buy lake property? I’d say now….”they’re not making any more of it”.

By: Jay Hufnagel, 770-757-2799, just “Say Jay” for Real Estate

lake hartwell lake lanier waterfron home sales lake lanier sales lake and home group