Thank God it rained! It’s been 25 days since it last rained, and finally yesterday the heavens opened up for some much needed moisture. Sales activity during the 3rd quarter was slower then expected, but potential buyers are still looking for a “great deal”. “And, they’re out there.” Sellers are starting to realize that if they want to sell ….they’ve got to get real. If you’re willing to accept the fact that some great properties currently don’t have much water under their dock, then you can find your dream lake home for a great price.
 
Here are statistics of the Third Quarter “waterfront” Real Estate activity on Lake Lanier. This list does not include condos and townhouses. (source: FMLS and does not include FSBO and non FMLS listings):
 
                                                                           3rd Quarter     
 
Homes Sold  -     15                                                                     
            Average Days on the Market                       96                     
            Average List Price                                    $844,833            
            Average Sale Price                                      710,000            
            Sale vs. List Price                                            84%                
 
            Current Active Listings                                   403                
            Current Homes Pending (under contract)         8
 
Waterfront Lots Sold  -  3                    
             Average Days on the Market –                       105                 
            Average List Price –                                  $271,000        
            Average Sale Price -                                     237,384         
            Sale vs. List Price –                                         87.6%             
 
            Current Active Listings -                               261
            Current Lots Pending (under contract) -           0
 
  
 
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.
Lake Home Sales

       Buyer Full Page
       CMA Page

Lake Lot Sales

 Buyer Full Page
       CMA Page

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