Real Estate Information Archive

Blog

Displaying blog entries 1-5 of 5

LAKE HARTWELL REAL ESTATE SHOWS BIG IMPROVEMENT IN 2010

by Jay Hufnagel

Lake Hartwell Home Sales improved 78% over 2009. That’s a strong indicator that we’re moving in the right direction. In my opinion, this increase can be attributed to the Lake being close to full pool and more Buyer confidence in the market. Average Sale prices have decreased by approximately 10% with most buyers still looking in the $200,000 to $350,000 range. As you review the actual sold listings, you’ll see that many of these were tremendous deals, and they include Bank Owned Lake Hartwell Foreclosures and other Distressed Properties.

Here are statistics for the 2010 “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):

                                          2010           

 Homes Sold –             114                                                                    

            Average Days on the Market –                       181                 

            Average List Price -                                   $356,922             

            Average Sale Price -                                   325,395             

            Sale vs. List Price –                                     91.2%             

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 -                                 342                

            Current Homes Pending (under contract) -          19

 

If you’d like to receive an actual list of Lake Hartwell Real Estate (Waterfront Homes sold in 2010), please click on the link below or email Jay Hufnagel, Keller Williams Realty, at sayjay@bellsouth.net.

Click here for Homes Sold and 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

LAKE LANIER 2010 HOME SALES SURPASS LAST YEAR

by Jay Hufnagel

Lake Lanier Real Estate “Dockable” Lake Home Sales saw a big increase (about 30%) over 2009 sales. That’s fantastic! It signals things are really starting to improve. Buyers are getting great bargains. Last year the average sale price was approximately $546,801. This year that figure has dropped to $426,271. Every lake home buyer wants the same thing – “a great deal”.  I expect that Buyers will continue getting what they want in 2011. 

Here are statistics for 2010 “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):

 Homes Sold                                                        142                                                                 

            Average Days on the Market                        147                  

            Original Average List Price                       $522,754             

            Average Sale Price                                    426,271             

            Sale vs. List Price                                      81.6%             

 

            Current Active Dockable Listings                  662                 

            Current Homes Pending (under contract)        20

 

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

LAKE KEOWEE REAL ESTATE SALES RESULTS FOR 2010

by Jay Hufnagel

Good news - Lake Keowee Real Estate Sales saw a 23% increase of “dockable” waterfront homes sold in 2010. Waterfront Home Buyers found great deals in 2010. Average Sale prices declined significantly from $903,778 in 2008, to $745,200 in 2009, and to $703,563 in 2010. It’ll be interesting to see if 2011 continues that trend or whether we’re at the bottom. What do you think?

Here are some statistics on Lake Keowee Real Estate activity for 2010 (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) – 80

            Average Days on the Market – 197

            Average List Price - $804,468

            Average Sale Price - $703,563

            Sale vs List Price – 87.5%

            Active Listings – 176

            Pending Listings - 13

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 .

 

Lake Keowee Waterfront Home Sales

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

NEW GUIDELINES FOR SHORT SALES COMING SOON

by Jay Hufnagel

Are you interested in Short Sales? New conditions are being added to loans for Buyers interested in purchasing a Short Sale. Here is part of an interesting email that I just received from Jodi Poore, Loan Specialist with PrimeLending:

In todays market we are dealing with a lot of short sales.  Just wanted to give you a heads up on an added condition that is coming to fund these loans.  Many banks have already started this but the rest will follow shortly.  Proof that the sellers bank has agreed to the short sale will be part of the funding conditions.  We still can start the file on the verbal acceptance and start the loan, but in order to fund the loan the day of closing all banks are going to require a signed document showing the selling bank has agreed to the short sale. 

In my opinion, this will be a big help for buyers. Many buyers are turned off about the delays and run-a-rounds when trying to buy a short sale. Knowing that the Bank or Lender/Investor has already approved of the possibility of a short sale will greatly enhance that process.

Do you know what a Short Sale is? This link may help.

 

IT'S GREAT TO LIVE IN THE SOUTH

by Jay Hufnagel

What do Real Estate Agents do on their "snow day"? Well, besides catching up on all kinds of administrative duties, it's a great day to be a kid again.

              

I hope you're enjoying this interesting weather that we're having here in the southeast. It's wild to think that this week we have 6 inches of snow and nights in the teens. In about 5 weeks the daffodils will be blooming. The record high temperature for today was 79 degrees. The record low temperature was -5 degrees. Ya gotta love the South!

So, enjoy the change. Make a snowman. Slide down a hill. These are the kind of days that will bring sweet memories to you, your children and grandkids.

              

 

Happy New Year!

Displaying blog entries 1-5 of 5

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