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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

Lake Lanier 3rd Quarter 2008 Waterfront Sales Activity

by Jay Hufnagel
Thank God it rained! It’s been 25 days since it last rained, and finally yesterday the heavens opened up for some much needed moisture. Sales activity during the 3rd quarter was slower then expected, but potential buyers are still looking for a “great deal”. “And, they’re out there.” Sellers are starting to realize that if they want to sell ….they’ve got to get real. If you’re willing to accept the fact that some great properties currently don’t have much water under their dock, then you can find your dream lake home for a great price.
 
Here are statistics of the Third Quarter “waterfront” Real Estate activity on Lake Lanier. This list does not include condos and townhouses. (source: FMLS and does not include FSBO and non FMLS listings):
 
                                                                           3rd Quarter     
 
Homes Sold  -     15                                                                     
            Average Days on the Market                       96                     
            Average List Price                                    $844,833            
            Average Sale Price                                      710,000            
            Sale vs. List Price                                            84%                
 
            Current Active Listings                                   403                
            Current Homes Pending (under contract)         8
 
Waterfront Lots Sold  -  3                    
             Average Days on the Market –                       105                 
            Average List Price –                                  $271,000        
            Average Sale Price -                                     237,384         
            Sale vs. List Price –                                         87.6%             
 
            Current Active Listings -                               261
            Current Lots Pending (under contract) -           0
 
  
 
If you’d like to receive an actual list of the homes/lots that have sold, please click on the link below or email Jay Hufnagel, Keller Williams Realty, at sayjay@bellsouth.net.
Lake Home Sales

       Buyer Full Page
       CMA Page

Lake Lot Sales

 Buyer Full Page
       CMA Page

The time to buy lake property is now ….”they’re not making any more of it”.   
 

Displaying blog entries 1-2 of 2

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