At this time last year the lake was 17’ down from full pool and the thought that the lake would fill to full pool was just wishful thinking. Wow, what a difference a year makes! All it took was a lot of prayer, near record rainfalls, and today we’re at full pool. Lake home owners are optimistic again, and there’s an increase in Real Estate activity for Lakefront property.  

Here's some great news! 2009 sales of Waterfront Lake Homes saw an increase of 12% over 2008 sales. That’s not much, but it signals things are improving. Plus, buyers are getting great bargains. Last year the average sale price was approximately 88% of the original list price. This year that figure has dropped to 80%.  Every lake home buyer that I talk to wants the same thing – “a great deal”.  As 2010 begins and the inventory improves, indicators show that buyers will get what they want. 

Here are statistics for 2009 “waterfront” 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):

                                                                               2009           

 Homes Sold                                105                                                                                          

            Average Days on the Market                              160                  

            Original Average List Price                             $717,882             

            Average Sale Price                                         577,185             

            Sale vs. List Price                                            80%                

            Current Active Listings                                      475                

            Current Homes Pending (under contract)               19

 

Waterfront Lots Sold                                                    8                   

            Average Days on the Market –                          150                  

            Average List Price –                                     $355,462        

            Average Sale Price -                                      310,987          

            Sale vs. List Price –                                         87%             

            Current Active Listings -                                  111

            Current Lots Pending (under contract) -               5

 

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.

 

Homes Sold

 Buyer Full Report
    CMA Buyer

 

 Lots Sold

Buyer Full Report
       CMA Buyer

 

 

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