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Recent Lake Hartwell Waterfront Activity 12/13/07

by Jay Hufnagel
Good Day!  Have you finished your Christmas  shopping?  Well, as you can see by the statistics below, sales activity on the lake is starting to slow down for the Holidays. I expect we’ll see an increase in sales shortly before Christmas, then very little until after New Years. If you’re considering buying lake property, don’t let this market slip away. It’s not all “doom and gloom” for South Carolina Real Estate. Click here to find out why.
 
Here’s some recent (last 7 days) “waterfront” activity on Lake Hartwell (source: SC Western Upstate MLS and does not include FSBO and non Upstate MLS listings):
 
Homes Sold (includes SF, Condos/Townhomes)  –  2
            Average Days on the Market – 178
            Average List Price - $364,900
            Average Sale Price - $315,000
I'm curious on your reaction to the recent sales activity. Please feel free to comment below.
 
By: Jay Hufnagel, 770-757-2799, just “Say Jay” for Real Estate
 

Are Lake Property prices coming down?

by

Over the last two days I'ved received emails asking if lake property prices are coming down. In my opinion, I feel that, not only are they coming down, but sellers are more willing to negotiate on offers then they have been in the past.

Some buyers are hesitant about visiting properties until the water levels come back up in the Spring, but they may miss out on some great bargains. And, what better time to see what you're really buying, then when the lake level is low?  

I remember back in 2000 and 2001 when the lake levels (Lake Lanier and Lake Hartwell) were low. This was a great time to buy lake property. Many buyers and investors that bought during this period saw their investment double by 2005. It'll be interesting to see if that duplicates itself after the drought eases and the lakes are back to full. What are your thoughts?

By: Jay  Hufnagel, 770-757-2799, just "Say Jay" for Real Estate  

   

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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