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2015 LAKE HARTWELL WATERFRONT HOME SALES

by Jay Hufnagel

Dockable, Waterfront, Lake Hartwell homes are still selling well and homes, under contract, are improving. The lake level has come up with all the rain we’ve been getting, but the Corps will try to keep it around 4’ down until May. With interest rates still low, I expect Lake Home sales will continue to improve in 2016. Inventory of listed homes is still down, which will push prices higher.  I expect the inventory shortage is because many homes were purchased during the “heyday” period of 2004 to 2008, and many owners are finding that they are still backwards on their purchase.  But for those owners that truly want to sell at market prices, “Now is the Time to get it Listed”. I averaged about three showings a week with potential lake property buyers that wanted to take advantage of the “great deals” in 2015. I’m seeing that trend continuing into 2016. 

According to the SC Western Upstate MLS, Lake Hartwell Dockable Waterfront Home Sales improved 33.6% over 2014. That’s a strong indicator that we’re moving in the right direction. Average Sale prices ($326K) have increased slightly 3.2% over 2014, with most buyers still looking in the $200,000 to $350,000 range.

Note: FSBO homes and GA MLS homes (not listed in the SC Western Upstate MLS) are not included in the above numbers.


Click here for 2015 Lake Hartwell Home Sales

AFFORDABLE LAKE HARTWELL HOME WITH COVERED DOCK

by Jay Hufnagel

2150 DELOACH DR, ANDERSON SC  - What a Deal - Here's a Charming Lake Bungalow that can be used as a Primary Home, Weekender or Vacation Home. This Home is in a Great Location, has great water, Views and has a fairly new Single Slip Covered Dock in place. You’ll love the way this home has been upgraded, new interior doors, new plumbing and electrical fixtures, new bamboo flooring and carpet. Entertain guests on the large deck overlooking the lake and private wooded backyard. This property is priced to sell and is being sold “As Is”.

Fantastic Location on Lake Hartwell and near Anderson... minutes from I-85 exit 14, Portman Marina, The Galley and Nami Restaurants. Plus, Atlanta is a short drive, about 90 minutes and Greenville about 30 minutes.

WHY IS THE CORPS GOING TO RELEASE MORE WATER FROM LAKE HARTWELL

by Jay Hufnagel

Here is an email that I received from Jerry Clontz, spokesman for Save Our Lakes Now. Currently, we're about 10.5 feet down from full pool. I really don't understand why the Corps would want to release more water before the lakes have a chance to fill up. To me, it makes more sense to take advantage of the rain we've had, and keep the releases low to get the lake to full pool.  If you're a Lake Hartwell Real Estate homeowner or have an active interest in the lake, please contact one or more of the Government representatives listed below.

The Corps shows they plan to increase release rates on Lake Thurmond to from 3100cfs  to 3800 in mid February and 4,000 at the end of February.  With the lakes as low as they are and no guarantee we will be able to refill by start of the summer this is crazy.  In the past we had a very poor drought plan but at least it kept the release rates at 3600cfs until the lakes refill.  Why for heaven's sake would you want to make the plan worse by going to higher release rates.

There is absolutely no justification for such a move.  3600 cfs has been demonstrated over and over to be satisfactory downstream.  Every 100cfs over 3600 is a foot of lake level in a year.  If we go to 4000 from now to june the lake will be 2ft lower going into the summer and 4ft lower this time next year.

Please call or write the Colonel and your congressman and senators on this immediately.  The email addresses of the congressmen and senators we have been in contact with on lake levels is
:

Jim Demint by way of Danielle Gibbs at

Jeff Duncan by way of Janice McCord at

Paul Broun by way of Jordan Chinouth at

 And the Colonel's email is: Colonel Jeffery Hall at  

Jerry Clontz, spokesman for Save Our Lakes Now

LAKE LANIER WATER CONTROL CORPS COMMENTS DUE

by Jay Hufnagel

I just received this important email from the Lake Lanier Association. If your a Lake Lanier Real Estate home owner, a Lake Lanier boating enthusiast, or just an avid fan of Lake Lanier, please make your voice heard.

 

The Lake Lanier Association

As you may already be aware, today is the deadline for submission of public comments for the Corps of Engineers Water Control Manual revision for the ACF System. The Lake Lanier Association has already submitted comments and we encourage our members to submit their own comments with similar emphasis. In case you would like to review the comments submitted by the Lake Lanier Association, the full text and supporting documents are posted on our website. A quick summary of our comments are as follows:

 

- The 5,000 cfs minimum flow required at the state line is not representative of the true lowest historical flows in the ACF and is not sustainable.

 

- Lanier was never designed to support ALL downstream demands and can't be expected to because the dams originally proposed on the Flint River were never built.

 

- The Corps' current operating rules require more water to be released from Lanier than is necessary and do not allow as much to be stored as is possible. These draw the lake down more than necessary and make it less likely to refill to full pool under contemporary climatic conditions.

 

- The Endangered Species Act does not require the Corps to augment Apalachicola River flows above run-of-river levels and the practice should not be required because it depletes Lanier unnecessarily.

 

- Regular navigation is no longer feasible on the ACF and the Corps should not try to support it in view of the other demands on Lanier as a resource of last resort.

 

To submit comments online, click the following link:

US Army Corps of Engineers WCM Public Comment Form

 

To submit comments via email, send to: acf-wcm@usace.army.mil

 

To see the full text of our comments, and the supporting document references, see our website.

Lake Lanier Association

 

 

 

ITS TIME TO BUY REAL ESTATE ON LAKE LANIER

by Jay Hufnagel

                        2012 (Year to Date) Lake Lanier Real Estate Sales

 

I’m getting asked from prospective Buyers, “Where are all of the Listings on Lake Lanier?” Last year, about this time, there were about 370 Active Lake Lanier Waterfront listings in FMLS. Today, we have about 230. That’s quite a big decline. Why? Well, in my humble opinion, Sellers are reluctant to list their properties at current market rates, there are concerns about the water level, and many are waiting until Spring, hoping that the water comes up and they won’t have to give big discounts. I hope they don’t miss a good time to sell. Think about it! Serious Buyers have a lot of reasons to buy today: some of the best loan rates in history (close to 3.5% for 30 yrs.), low water levels so they can be more confident in what kind of water they’ll have during seasonal and drought fluctuations, fantastic list prices that are near 1996 levels, and a market that is conducive to negotiation and getting great deals.

 

Here are year to date (10/18/12) statistics for 2012 “Dockable” Lake Lanier Real Estate. This list does not include condos and townhouses. (Based on information from the First Multiple Listing Service (FMLS) and does not include FSBO and non FMLS listings):

 

                                                                                 2012           

 

Homes Sold                                                               137                                                     

            Average Days on the Market                         237                  

            Original Average List Price                       $539,654             

            Average Sale Price                                       464,127             

            Sale vs. Original List Price                              86.1%             

 

            Current Active Dockable Listings                  232                 

            Current Homes Pending (under contract)        31

 

 

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

 

CLICK BELOW FOR HOMES SOLD AND UNDER CONTRACT

Buyer Full

Quick Comparative Market Analysis

 

      

 

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

 

By: Jay Hufnagel, Keller Williams Realty Atlanta Partners, www.SayJayLakeandHome.com , 770-757-2799, just “Say Jay” for Real Estate

2012 LAKE HARTWELL HOME SALE ACTIVITY

by Jay Hufnagel

2012 Lake Hartwell Real Estate Results (as of 10/18/2012)

  

Even with the Lake Level down approximately 13 feet, Buyers are still looking for Great Deals on Lake Hartwell. One of the biggest challenges facing Buyers is that the Inventory of good homes (priced at current market rates) is down.  Many Sellers haven’t been willing to list their properties at discounted prices. Recently, I talked with another Agent that said he felt current sales prices were at 1996 levels. He could be right!

 

Here are statistics for the 2012 “waterfront” Real Estate (year to date) 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):

 

                                                                                 2012           

 

Homes Sold –                                                             90                                                                  

            Average Days on the Market –                       209                 

            Average List Price -                                   $367,386             

            Average Sale Price -                                     335,850             

            Sale vs. List Price –                                         91.3%             

                        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 -                                 260                

            Current Homes Pending (under contract) -       11

 

If you’d like to receive an actual list of Lake Hartwell Real Estate (Waterfront Homes sold in 2012), please click on the link below or email Jay Hufnagel, Keller Williams Realty, at sayjay@bellsouth.net.

 

Homes Sold

 

Click Here to View Listings

 

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

2012 LAKE KEOWEE REAL ESTATE SALES

by Jay Hufnagel

                 2012 Lake Keowee Waterfront Home Sales as of 10/18/2012

 

Lake Keowee Real Estate Buyers are seeing Great Deals in 2012.  Average Sale prices have declined significantly from $903,778 in 2008, $745,200 in 2009, $703,563 in 2010, $705,027 in 2011, and now to $655,000 so far in 2012. Already in 2012, more homes have sold then the entire year in 2011. In my opinion, that means prices are leveling off and Buyers want to jump on the bandwagon before prices change.

 

Here are some statistics on Lake Keowee Real Estate activity for 2012 (source: SC Western Upstate MLS and does not include FSBO and non SC Upstate MLS listed properties):

 

LAKE KEOWEE WATERFRONT AND DOCKABLE HOMES SOLD

 

Homes Sold (excludes Condos & Townhouses) – 101

            Average Days on the Market – 225

            Average List Price - $742,000

            Average Sale Price - $655,000

            Sale vs List Price – 88.3%

            Active Listings – 191

            Pending Listings - 17

 

 

Please click on the link below for a list of the actual sales that were included in this report or email me at sayjay@bellsouth.net .

 

Click Here to View Listings

 

I’d be interested in your comments as to how these statistics compare to what your expectations were and what you would assume they would be.

 

By Jay Hufnagel, Keller Williams Realty, Lake and Home Group, 770-757-2799, www.SayJayLakeandHome.com

IT RAINED, BUT WHERE DID IT GO?

by Jay Hufnagel

Here's an interesting email message that I received from the Save our Lakes Now Organization. I especially found it interesting that it'll take 9 inches of rain in one month to saturate the ground enough so that the Savannah River Basin (Lake Hartwell, Lake Thurmond, and Lake Russell) can benefit from the run off in a rain. If you're a Lake Hartwell Real Estate stakeholder or home owner, the message below may provide some explanations on:

                                    WHERE DID THE RAIN GO?

 I know every lake stakeholder is wondering where the heck all that rain went.  For a while I was about to agree with the conspiracy theorists who are convinced the Corps is not telling us the truth about releases and lake levels, etc. Some even suggested there must be a hidden pipeline running to Atlanta and they are stealing all our water.  Turns out none of this is true.  The numbers the Corps is showing and the explanations they are giving for why we didn't get a huge jump in lake level with the recent rains appear to be correct.

I've looked at this in a lot of detail since it rained and I have to say it looks like the water runoff got consumed by the dry ground and vegetation before making it to the basin.  Release rates were held at 3800 cfs and all stream indicators downstream (especially the levels at Clyo which is the last point in the system where stream measurements are taken before the harbor) show no unusual flow that would indicate higher release rates than the Corps shows.  We've been talking to climatologists to see if they agree with what the Corps is claiming about dry ground and vegetation and they do. And no matter how hard I look I can't find any evidence of a hidden water line to Atlanta.

Climatologists that study rainfall and drought levels for the Savannah River Basin  claim it will take more than 9 inches of rain in one month to get the soil etc back to normal so that we get run off in a rain.  We desperately need a tropical system to park right over the basin and give us this kind of rain.

Meanwhile we continue to work on getting the drought control plan for the Savannah River System corrected so that future events won't be this devastating.  Following our recommended drought control plan our lakes would have several more feet of water in them than they do now.  Repeating what we've preached all along, we need a much more agressive approach to drought response than currently exists.  Our recommended approach remains unchanged;
 

~ We propose that release rates from Thurmond be reduced to 3600cfs (3100 in colder months) anytime Thurmond drops below 328ft.  The proposed plan by the Corps is to lower releases anytime the Broad River flows indicate we are in a drought. While this is a significant improvement it is not as aggressive as our proposal because they wait longer to initiate flow reductions and their proposed reductions are 3800cfs instead of 3600.
 
~ Continue 3600cfs until the lakes refill.  The current plan by the Corps is to increase flows as the lake recovers making it more difficult to refill the lakes
 
~ Modify the rule curve so that we only drop the lakes 2' rather than 4' following the summer. The current Corps plan is to stay with a 4' drop at the end of summer.


The reasoning the Corps is offering for not adopting our more aggressive approach is they want to wait until a 2 or so year study can be completed.  Our reasoning is we did these changes for over 12 consecutive months in 2008-9 with no problems.  We are saying go with what we learned in 2008 unless or until some unexpected problem occurs.

It is frustrating to keep repeating our proposals.  It would be much easier to simply go along with the Corps' proposals.  But this repetition is necessary because the Corps, over time, continues to get further away from what we are recommending.  This is probably a matter of the Corps compromising with the various environmental agencies.  Unfortunately such compromising costs us many feet of lake level during droughts.  At one time they were agreeing with a 2' drop in the winter rather than a 4'drop.  And at one time they agreed to go to 3600cfs rather than 3800.  And at one time they agreed to hold the lower release rates until the lakes refill.  Now all that has changed.  The compromise to stay with a 4' drop in the winter costs us 2' at the start of a drought.  The compromise of 3800 instead of 3600 cfs costs us 2' a year in lake level. And the compromise on how the lakes are refilled will stretch out our misery unnecessarily following a drought.   

A WORD OF ADVICE FROM THE LAKE LANIER ASSOCIATION

by Jay Hufnagel

I received the following email today from the Lake Lanier Association. This advice can also apply to Lake Hartwell and Lake Keowee. If you own Real Estate on Lake Lanier, Lake Hartwell or Lake Keowee be glad we're getting the rain, but prepare to bring your dock in.

Greetings!

 

The lake has risen a foot just since last Saturday. The current level is 1062 and more rain is on the way. As a courtesy, particularly to our members who don't live on the lake full-time, we want to advise everyone that the lake level has changed significantly and is expected to increase further in the next few weeks. Stay aware of your dock cables and anchor poles and be sure they are adjusted adequately. The Corps of Engineers publishes a short-term forecast online which can be viewed at:

 

Link to lake level forecast

(Once you are on this webpage, click "ACF Lake Elevation and 5-Week Forecast" and then, click "Lanier" for the chart to display.)

 

Click here for Lake Hartwell Water Level information and projections.

 

Contact Jay Hufnagel, Keller Williams Realty, Lake and Home Group for more information on Buying or Selling on the lake.

LAKE LANIER YEAR 2011 HOME SALES MAY INDICATE A TURN-AROUND

by Jay Hufnagel

Have we seen the Bottom for Lake Lanier Real Estate?

Lake Lanier Real Estate “Dockable” Lake Home Sales saw a big increase (about 20%) over 2010 sales. That’s another fantastic year! Buyers are still getting great bargains, but we may be seeing a leveling off and possibly the bottom for Lake Lanier Real Estate. Last year the average sale price was approximately $426,271. This year that figure has increased to $456,376.  I wonder whether that signals a turn around.  Lake home buyers all want the same thing – “a great deal” and good interest rates.  Buyers should continue getting what they want in 2012. 

Here are statistics for 2011 “Dockable” Lake Lanier Real Estate. This list does not include condos and townhouses. (Based on information from the First Multiple Listing Service (FMLS) and does not include FSBO and non FMLS listings):

 

                                                                                 2011           

 

Homes Sold                                                               171                                                    

            Average Days on the Market                         143                  

            Original Average List Price                       $557,919            

            Average Sale Price                                      454,555            

            Sale vs. List Price                                            81.5%             

 

            Current Active Dockable Listings                  366                 

            Current Homes Pending (under contract)         22

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

  

   Buyer Full Report
       CMA Buyer

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

 

By: Jay Hufnagel, Keller Williams Realty Atlanta Partners, www.SayJayLakeandHome.com , 770-757-2799, just “Say Jay” for Real Estate

Displaying blog entries 1-10 of 66

Contact Information

Lake and Home Group
Keller Williams Realty
4878 Manhattan Dr.
Buford GA 30518
GA: 770-757-2799
SC: 864-287-7530
Fax: 770-504-5509