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 22nd, 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