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