Lake Hartwell Real Estate Results Continue to Improve for 2011

Yesterday, at a Listing appointment, I was asked – “When do you think Lake Hartwell Real Estate will level off and start to improve”. As you can imagine, that’s not the first time I’ve been asked that question. Actually, current statistics point to the fact that we’re there or getting very close. Based on 2011 and current numbers, I predict 2012 will continue to stabilize, more lake homes will be sold, and confidence in buying second homes will improve. Here’s why I feel that way: 2011 Lake Hartwell Waterfront Home Sales improved 22.8% over 2010 sales, the average Sales price was almost the same as 2010 (decreasing less than 1%), and average Days on the Market increased by only 8 days (4.4%). 2012 will still bring great deals, and buyers that take advantage of low interest rates, nice inventory of homes, and a better economy, will see their goals of owning their dream lake home come true.

Here are statistics for the 2011 “waterfront” Real Estate activity on Lake Hartwell. This list does not include condos and townhomes (source: SC Western Upstate MLS and does not include FSBO and non Upstate MLS listings):

 

                                                                                 2011           

 

Homes Sold –                                                             141                                                               

            Average Days on the Market –                       190                

            Average List Price -                                   $355,490            

            Average Sale Price -                                    322,900            

            Sale vs. List Price –                                         90.9%             

                        Note: List Price is the last price reflected in the MLS listing

                                  and may not be the Original List price. Also, some properties

                                  may have been listed multiple times.   

            Current Active Listings -                                 304                

            Current Homes Pending (under contract) -       19

 

If you’d like to receive an actual list of Lake Hartwell Real Estate (Waterfront Homes sold in 2011), please click on the link below or email Jay Hufnagel, Keller Williams Realty, at sayjay@bellsouth.net.


Click Here to View Listings

 

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

 

By: Jay Hufnagel, Keller Williams Realty, Lake and Home Group, 770-757-2799, just “Say Jay” for Real Estate