Have we seen the Bottom for Lake Lanier Real Estate?

Lake Lanier Real Estate “Dockable” Lake Home Sales saw a big increase (about 20%) over 2010 sales. That’s another fantastic year! Buyers are still getting great bargains, but we may be seeing a leveling off and possibly the bottom for Lake Lanier Real Estate. Last year the average sale price was approximately $426,271. This year that figure has increased to $456,376.  I wonder whether that signals a turn around.  Lake home buyers all want the same thing – “a great deal” and good interest rates.  Buyers should continue getting what they want in 2012. 

Here are statistics for 2011 “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):

 

                                                                                 2011           

 

Homes Sold                                                               171                                                    

            Average Days on the Market                         143                  

            Original Average List Price                       $557,919            

            Average Sale Price                                      454,555            

            Sale vs. List Price                                            81.5%             

 

            Current Active Dockable Listings                  366                 

            Current Homes Pending (under contract)         22

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.

  

   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