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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”.   
 

Price Reduced on Awesome Lake Lanier Home with Party Deck Dock

by Jay Hufnagel

This Awesome Lake Lanier Waterfront Home at 3452 Point View Circle in Gainesville, Georgia is Nestled in a Quiet Cove off the Chattahoochee Channel of Lake Lanier and has a Single Slip Party Deck Dock in place.  "Wall of Windows" - Enjoy Beautiful Wide Open Views of the Water from Just about Every Room in the House. Entertain Guests on your Large Deck overlooking the Lake. Highlights include Vaulted Ceilings, Gas Starter Fireplace in Great Room, Large Gourmet Kitchen with Breakfast Bar, Finished Basement, and a Gentle Walk to the Water’s Edge.  And yes... there's still plenty of water under the dock. All of this for only $499,900. Owner is a inactive Real Estate Agent in Georgia.

Please contact Jay Hufnagel, (Keller Williams Realty Atlanta Partners, www.SayJayLakeandHome.com , sayjay@bellsouth.net , 770-757-2799) for more information.

“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

Lake Lanier Waterfront Home and Lot Sales (5/15/08)

by Jay Hufnagel
Here’s some sale statistics for “dockable” waterfront Homes and Lots on Lake Lanier so far in 2008 (source: FMLS and does not include FSBO and non FMLS listed properties):
 
Waterfront Homes Sold (does not include Condos/Townhouses) – 42
            Average Days on the Market – 100
            Average List Price - $685,751
            Average Sale Price - $609,952
            Sale Price vs. List Price – 88.9%
             Pending Sales - 17
            
 
                        Note: Most expensive Home sold for $1,650,000
                                   Least expensive Home sold for $169,900         
 
Waterfront Lots Sold – 1
            Average Days on the Market – 177
            Average List Price - $260,000
            Average Sale Price - $200,000
            Sale Price vs. List Price – 76.9%
             Pending Sales - 1
 
Please email me at sayjay@bellsouth.net if you would like to see the actual properties that were sold.
 
It’s very apparent that Buyers are still watching the housing market and waiting to see where the bottom is. The good news for Buyers …. the lake level is rising, lake property inventory is climbing, interest rates are still low, and Sellers are starting to realize that if they want to sell then they need to be realistic on price. All we need now is three things ….. some more rain, rain and more rain.
By Jay Hufnagel, Keller Williams Realty, Lake and Home Group, 770-757-2799

Fishing on The "Hooch"

by Jay Hufnagel
I work with so many customers and clients that are buying and selling lake property that have no idea of the great fishing around Lake Lanier and the Chattahoochee river.   Ever since I was a little boy I have fished the “Hooch” and it has turned out to be successful. I believe Gwinnett County has the best trout fishing in all of Georgia. I am going to attempt to give insight on the how to’s and what to’s when trying to fish this awesome river with unbridled success.
            One of the first and often questions I receive when on the river is “having any luck"? I find this a humorous question and what I think it translates into is “I’m not catching a darn thing how about you.” I will hold up my stringer with an impressive array of rainbow and brown trout. The next question comes immediately. “What are you using?” This, my friends is where it gets interesting.
            Buford Dam is always our starting point. We put the kayaks in there and float about ten miles to Settles Bridge.  The Georgia DNR has rules and regulations about what kind of bait is permitted and in what areas. Buford Dam to Highway 20 is free game to use any bait you choose. I will not fish with anything other than Berkley three inch artificial trout worms. These worms are considered live bait based on the fact they have a protein attractant in them and if used past Highway 20 carry a fine of $150.00. They come in all different colors, but the most successful colors I have found are pink, chartreuse (yellow with whitish bottom), and natural. The only place I have been able to find these locally is at Bass Pro Shop ( Discovery Mills Mall ). One small sinker about 18” away from the small hook (smaller the better), and the worm is all you need. The old saying, “If you build it they will come”, applies to these worms (if you use them they will come). The best way to use this bait is to allow the current to drag this bait on the bottom. No reeling or popping needed just sit back and enjoy the ride. After Highway 20, I use a trout colored floating Rapala. You will catch your limit with using these techniques.
            Not everyone has a kayak. Neither do I. The good news is there are two full service places that are at your fingertips (they will drop you off and pick you up). Up The River Outfitters (UTR) and the Buford Dam Store have all you need. Up The River is located off Highway 20 right next to the Chattahoochee. Both have nice kayaks.  UTR kayak rentals are approx $35.00 vs. Buford Dam $10.00. 
            I really hope this helps in terms of catching trout on the “Hooch.” I feel for the people I talk to that tell me they fished all day and caught one fish. It does not have to be that way, and if my techniques that I have provided are utilized, the return should be great.  
Written by: Jay Daniel Hufnagel - Just "Say Jay" 

Displaying blog entries 1-5 of 5

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