When you hear someone say “nobody’s buying lake property” that’s not quite true. As you can see by the figures below, there are still deals to be had. Buyers are few and far between, but those that are realizing their dream of owning their own “little slice of heaven” are doing so at great prices.
Here are statistics of the Second Quarter and Year-to-date “waterfront” activity on Lake Hartwell. Does not include condos or townhomes. (source: SC Western Upstate MLS and does not include FSBO and non Upstate MLS listings):
                                                                                 2nd Quarter        YTD
Homes Sold                                                                20                   35
            Average Days on the Market                       125                  125
            Average List Price                                      $500,350       $476,362  
            Average Sale Price                                      457,841         443,237  
            Sale vs. List Price                                          91.5%              93.1%
            Current Active Listings                                               322                
            Current Homes Pending (under contract) -             7
Waterfront Lots Sold *                                               8                     19
            Average Days on the Market                        146                  159
            Average List Price                                       $215,850         $264,984
            Average Sale Price                                       199,937          239,236
            Sale vs. List Price                                           92.6%              90.1%
            Current Active Listings                                                240
            Current Lots Pending (under contract)                       0
   * - one high priced multiple lot sale is excluded
If you’d like to receive an actual list of the homes/lots that have sold, please email Jay Hufnagel, Keller Williams Realty, at sayjay@bellsouth.net.
The time to buy lake property is now ….”they’re not making any more of it”.