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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

HISTORIC HOME AND EVENT FACILITY FOR SALE IN HARTWELL

by Jay Hufnagel

440 E Howell Street, Hartwell GA - This Historic Home (Originally Called the E.B. Benson Home) was built in the 1800s. Since then, it has been modified and expanded to include Office Space, Elevator, and a large Special Event and Banquet Center. You’ll love the Old Architecture that remains in the Home that includes original Plank Heart Pine Floors, Six Fireplaces, Seven Bedrooms, Bonus Rooms, Large Eat In Kitchen, Four Full Baths and 2 Half Baths. This Home and Center is Zoned B2 and can be used for a Variety of Purposes, including Bed and Breakfast, Wedding and Special Event Celebrations, Office and Church Meetings. Come see this Magnificent Property. Sellers are very open to Owner Financing. Check out this Virtual Tour.

Other Highlights of this Home include: Rocking Chair Front Porch with Six Massive Columns leading into a Foyer with Double Entry Doors with Beautiful Stained Glass, a Grand Staircase (Great for Wedding Pictures) with Original Stained Glass Window on the first Landing, a large Parlor with nice Sitting room, a Stunning Master Bedroom Suite with en suite Bath, Air-jet Tub (with its own hot water tank) and large Shower, a large Walk-in Closet, and a Children’s Playroom. All together, this home has a total of 19 rooms.

Displaying blog entries 1-4 of 4

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