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