Lake Homes are Still Selling
Homes on the lake are still selling, but Sellers are finding that Buyers want huge discounts. And, lake home owners are starting to get the message… if you really don’t have to sell or want to sell “real bad”, now may not be the best time to put it on the market. The days are gone (at least for a while) where overpriced homes are on the market, “just to see if someone will bite”. They’re not biting, and if they did, appraisals aren’t supporting prices that are above, hard to find, comparables.
See for yourself! Listed below are links showing the actual waterfront homes sold and under contract since July 1, 2009. Pay close attention to the difference from the Original List Price to the Actual Sales Price. What use to be 95 – 98%, is now 80 – 85%. It’s definitely time to buy!
Lake Lanier (34 Homes Sold, 21 Pending or Under Contract, Avg. Sale Price $599,504)
Buyer Full Page
CMA Page
Lake Hartwell (27 Homes Sold, 8 Pending or Under Contract, Avg. Sale Price $356,922)
Lake Keowee (19 Homes Sold, 13 Pending or Under Contract, Avg. Sale Price $650,936)
Note: Source for Hartwell and Keowee is SC Western Upstate MLS and does not include FSBO and non Upstate MLS properties.
The time to buy lake property is now ….”They’re not making any more of it”.
By: Jay Hufnagel, Keller Williams Realty, www.SayJayLakeandHome.com , sayjay@bellsouth.net ,770-757-2799, just “Say Jay” for Real Estate
