If you haven’t checked out South Carolina’s new website about buying now in the Upstate it’s worth your time. Like I said before, if you’re considering buying lake property, don’t let this market slip away. Prices may be at the bottom, interest rates are low, and home and lot inventories are setting record highs.
 
Here’s the last 30 days of “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/Townhouses) – 10
            Average Days on the Market – 114
            Average List Price - $406,070
            Average Sale Price - $396,750
            Sale vs. List Price – 97.7%
 
                        Note: 7 of the 10 homes sold were Condo/Townhouses
 
Waterfront Lots Sold - 3
            Average Days on the Market – 495
            Average List Price – $228,333
            Average Sale Price - $204,333
            Sale vs. List Price – 89.5%
 
It’s interesting to note that with only 13 properties selling last month, that there were 170 new lake home and waterfront lot listings. When is the best time to buy lake property? I’d say now….”they’re not making any more of it”.   
 
By: Jay Hufnagel, 770-757-2799, just “Say Jay” for Real Estate