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“Nobody’s buying lake property, the lake level is at record lows, the economy is terrible and will get worst, lending guidelines are too tight, we’re not at the bottom yet” …. these, and other statements, we’re hearing everyday. But, as you can see below, not everyone is listening. There are still deals to be had. Buyers are few and far between, but those that are realizing their dream of owning their own “little slice of heaven” are doing so at great prices.
 
Here are statistics of the Second Quarter and Year-to-date “waterfront” activity on Lake Lanier. This list does not include condos and townhouses. (source: FMLS and does not include FSBO and non FMLS listings):
 
                                                                           2nd Quarter         Yr-to-Date
 
Homes Sold                                                              29                       55  
                                        
            Average Days on the Market                         58                    81
            Average List Price                                      $599,170       $666,147  
            Average Sale Price                                       555,434         603,416  
            Sale vs. List Price                                             92.7%              90.5%
 
            Current Active Listings                                               428                
            Current Homes Pending (under contract)                13
 
Waterfront Lots Sold                                                 1                       2
 
            Average Days on the Market –                         24                    101
            Average List Price –                                    $450,000         $350,000
            Average Sale Price -                                      425,000          312,500
            Sale vs. List Price –                                          94.4%              89.3%
 
            Current Active Listings -                                               217
            Current Lots Pending (under contract) -                       0
 
  
 
If you’d like to receive an actual list of the homes/lots that have sold, please email Jay Hufnagel, Keller Williams Realty, Lake and Home Group, at sayjay@bellsouth.net.
 
The time to buy lake property is now ….”they’re not making any more of it”.   
 
By: Jay Hufnagel, 770-757-2799, just “Say Jay” for Real Estate
When you hear someone say “nobody’s buying lake property” that’s not quite true. As you can see by the figures below, there are still deals to be had. Buyers are few and far between, but those that are realizing their dream of owning their own “little slice of heaven” are doing so at great prices.
 
Here are statistics of the Second Quarter and Year-to-date “waterfront” activity on Lake Hartwell. Does not include condos or townhomes. (source: SC Western Upstate MLS and does not include FSBO and non Upstate MLS listings):
 
                                                                                 2nd Quarter        YTD
 
Homes Sold                                                                20                   35
  
            Average Days on the Market                       125                  125
            Average List Price                                      $500,350       $476,362  
            Average Sale Price                                      457,841         443,237  
            Sale vs. List Price                                          91.5%              93.1%
 
            Current Active Listings                                               322                
            Current Homes Pending (under contract) -             7
 
Waterfront Lots Sold *                                               8                     19
            Average Days on the Market                        146                  159
            Average List Price                                       $215,850         $264,984
            Average Sale Price                                       199,937          239,236
            Sale vs. List Price                                           92.6%              90.1%
 
            Current Active Listings                                                240
            Current Lots Pending (under contract)                       0
 
   * - one high priced multiple lot sale is excluded
 
If you’d like to receive an actual list of the homes/lots that have sold, please email Jay Hufnagel, Keller Williams Realty, at sayjay@bellsouth.net.
 
The time to buy lake property is now ….”they’re not making any more of it”.   
 

Lake Hartwell Chickasaw Point Community Open House

by Jay Hufnagel
Have you ever been to the Chickasaw Point Community on Lake Hartwell in South Carolina? Well, you’re in luck. The gates will open this Sunday, June 29th (1:00pm to 3:30pm) for a Community Open House. Many of the “Homes for Sale” in the neighborhood will be available to visit. Plus after the Open house Tour, you’ll be able to enjoy lunch, swimming or just relaxing at the Beach/Pavilion area on Chickasaw Drive.
 
If you haven’t been to Chickasaw Point before, here’s some info on the Community.
 
As the folks at Chickasaw Point call it …”Quiet Quality… Where the Mountains Meet the Lake…. Chickasaw point is a Private and Gated Community on the Beautiful Shores of Lake Hartwell. This Area of the Lake is located in the “Golden Corner” of Upstate South Carolina in the Foothills of the Blue Ridge Mountains.
 
Originally developed as a Leisure and Vacation Community, Chickasaw Point has evolved into a year-round Residential Community with a multitude of Amenities. Those include: Manned Gated Entrance, Golf Course, Olympic Size Swimming Pool, Tennis Courts, Beach and Picnic Area with Pavilion, Club House, Playground, Outdoor Basketball Court, Library and Boat Ramp.
 
Take the time to visit this Wonderful Community. You’ll be drawn to everything it has to offer.
 
Click here for Chickasaw Point’s Website where you can find more Information and Directions.
 
Hope to see you this Sunday!
By Jay Hufnagel, Keller Williams Realty, Lake and Home Group, 770-757-2799 and sayjay@bellsouth.net 

Are Sellers "Chasing the Market"?

by Jay Hufnagel
Within the last two days, I’ve received emails from potential Buyers saying that they thought prices were still too high. At the same time, Sellers feel they’ve reduced their prices to the lowest price that they can bare. So, how do I respond to those statements?
 
It’s the same answer I’ve always used….”Everything Sells, but it takes three things (Condition, Location and Price)”. Plus, I’ll add another piece to the puzzle … “Patience”.   
 
Wednesday I attended a seminar by D. Scott Murphy, from D. Scott Murphy & Associates (Real Estate Appraisers and Consultants). Scott made an interesting statement concerning the Atlanta area market. He said, “homes being appraised are appraising at 2005 prices”. He also said many Sellers are “chasing the market”. An excerpt out of an article published by Scott in the Spring of 2008 (click here for the article), said the following, “ In today’s downturned market (I hesitate to truly call it a declining market, I would prefer it be called a correction), if the property is not priced at or slightly below the appraised value, you will end up chasing the market.”
 
Scott’s suggestion, (and in my opinion, a good one), is for Sellers to consider having a “pre-listing” appraisal completed by a highly skilled real estate Appraiser that understands the local market.
 
The truth of the matter is, it’s a tough market right now, and it’s not business as usual; Sellers need to “get real”, accept the reality of the market, and adjust their prices if they truly want to sell. As for Buyers, like Gary Keller (CEO of Keller Williams Realty International) said recently, “It’s always a good time to buy Real Estate”. But, he also added that you should be armed with solid information on what are the best buys and know your numbers.   
 

Lake Hartwell 2008 First Quarter Real Estate Sales

by Jay Hufnagel
Thanks to recent rain, the lake level is only about 9 feet down from full pool and rising. And, like the weather, lake property buyers are warming up and getting more serious about their search. This is welcome news and hopefully the start of a great trend.
 
Here is the 2008 First Quarter “waterfront” Real Estate activity on Lake Hartwell (source: SC Western Upstate MLS and does not include FSBO and non Upstate MLS listings):
 
Homes Sold (excludes Condos/Townhouses) – 16
            Average Days on the Market – 139
            Average List Price - $507,230
            Average Sale Price - $475,406
            Sale vs. List Price – 93.4%
            Current Homes Active on the Market – 288
            Current "Under Contract" - 7
 
 
Waterfront Lots Sold - 7
            Average Days on the Market – 161
            Average List Price – $327,128
            Average Sale Price - $286,428
            Sale vs. List Price – 87.6%
            Current Lots Active on the Market – 170
            Current "Under Contract" - 5
 
The time to buy lake property is now ….”they’re not making any more of it”.   
 

The Bassmaster Classic and Lake Hartwell is where it's at

by Jay Hufnagel
  All it took was a major fishing tournament, a little rain, warm weather, and things have really heated up on Lake Hartwell…Real Estate that is. My phone was ringing off the hook this morning with lake property inquiries. Hopefully that’ll be just the start. Many potential buyers have had one eye on the economy and the other on lake levels. But today things were different. You could feel a little excitement in the air. Lake home owners, fishing tournament enthusiasts, and area visitors were all out to see what was happening on the lake.
 
  And, the fish are biting! After showing property this morning, I dropped by Portman Marina to see where all the action is happening. ESPN2 has a huge pavilion set up to broadcast the tournament over the next few days. Charlie Hartley, from Grove City, Ohio placed first on Friday with five fish and a total weigh in of over 21 lbs. The largest fish caught yesterday weighed in at over 6 lbs. Now that’s a fish!
 
Check out the Bassmaster Classic website and the Anderson Independent website for the latest on the tournament. And, if you’re near the lake, don’t miss watching the boats go out tomorrow morning at 7:15AM.
 

I'm Taking a Day Off

by Jay Hufnagel
What do Real Estate Agents do when they’re not showing property? Well as you can see, some of us take a Snow Day.
 
Might as well have some fun, don’t you think? Over the last few years, agents have been working 24/7 non-stop. But today, things have changed. Many agents are leaving the Real Estate field because of the housing industry slow down and challenges. Yesterday, at one of my closings, another agent told me that their office had lost over half of their agents over the last few months. I can understand that, but I think those that survive the current market will come out stronger. Since the first of the year, I’ve seen a positive trend of activity. Hopefully with interest rates coming down, lakes filling up with water, and more optimism with the economy, the housing market will improve.
 
In the meantime, maybe we should have a “Hug your Real Estate Agent” day”. Don’t you think?
 
By: Jay Hufnagel, Keller Williams Realty, Lake and Home Group, 770-757-2799

While the Lake is Down...Let's Cleanup the Ground

by Jay Hufnagel
Keep America Beautiful (KAB) of Anderson County is sponsoring a Lake Hartwell shoreline cleanup event in preparation for the 2008 ESPN BASSMasters Classic to be held on the lake, February 22 – 24th. Interested participants are invited to contact the KAB and Anderson County Waste and Environmental Enforcement departments at 864-260-1003, and let them know of your interest.
 
On February 25th they’re also inviting participants to a Volunteer Recognition Luncheon at the Civic Center of Anderson, from 11:30am – 1:30pm.
 
With the lake level down, it’s a wonderful opportunity to clean up the lake, and show all of the fishermen and the ESPN viewers what a beautiful lake we have. I hope to see ya’ll out there.
 

Lake Hartwell and Keowee Waterfront Home and Lot Sales in 2007

by Jay Hufnagel
If you’re like me, seeing rain in the forecast, and hearing it fall on your roof, is much more satisfying these days then a forecast of mild temperatures and sunny skies. Slowly, the lakes are starting to rise, and if we continue to get a little rain each week, docks will start to float again and boating traffic will start to pick up. Since the 1st of the year, I’ve seen stronger interest in buyers looking for lake property. Most are looking for “good deals” and,  I expect that will continue through 2008.  
 
Here are some statistics on Lake Hartwell and Keowee “dockable” waterfront activity for 2007 (source: SC Upstate MLS and does not include FSBO and non SC Upstate MLS listed properties):
 
LAKE HARTWELL
 
Waterfront Homes Sold (excludes Condos & Townhouses) – 164
            Average Days on the Market – 130
            Average List Price - $476,294
            Average Sale Price - $451,538
 
Waterfront Lots Sold – 58 (includes 3 multiple lot sales)
            Average Days on the Market – 139
            Average List Price - $242,381
            Average Sale Price - $221,615
 
LAKE KEOWEE
 
Waterfront Homes Sold (excludes Condos & Townhouses) – 71
            Average Days on the Market – 162
            Average List Price - $891,628
            Average Sale Price - $841,547
 
Waterfront Lots Sold – 96 (includes 1 multiple lot sales)
            Average Days on the Market -  155
            Average List Price - $485,232
            Average Sales Price - $470,029
 
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

Will Lake Hartwell be at "full pool" by April?

by Jay Hufnagel
Wednesday, December 12th, I stopped into the U.S. Army Corps of Engineers office in Hartwell, Georgia, and met with Ken Lloyd (one of the Rangers that work the southern part of the lake). Ken was very helpful in answering many of my questions regarding permits and their current status. I strongly suggest, if you have shoreline questions or issues, meet or call your assigned Ranger. They’re easy to work with and can save you time, headaches and money by educating you on the rules and guidelines for utilization of the Lake Hartwell shoreline.
 
After asking more than a dozen questions, I saved the best for last… Will the Lake be at “full pool” by April? Ken smiled and answered, “It depends on how much rain we get”. At least he didn’t say…“no”.
 
By the way, have you ever read the Shoreline Management Plan for Lake Hartwell? Click here for a copy.
 
By Jay Hufnagel, Keller Williams Realty and the Lake and Home Group, 770-757-2799. Just “Say Jay” for Real Estate

Displaying blog entries 1-10 of 12

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