Happy New Year! Well, as you can see below, sales activity for Lake Lanier waterfront homes and lots have definitely been affected by the housing industry slow down and our Southeast drought. I expect we’ll see things picking up as the rain comes and the lake level increases. Doesn’t it make you wonder where all that rain water goes when it rains a bunch, but still the lake doesn’t go up?
Here’s some statistics on Lake Lanier “dockable” waterfront activity for 2007 (source: FMLS and does not include FSBO and non FMLS listed properties):
Waterfront Homes Sold (does not include Condos/Townhouses) – 134
            Average Days on the Market – 105
            Average List Price - $698,213
            Average Sale Price - $636,038
Waterfront Lots Sold – 39 (excludes 3 multiple lot sales)
            Average Days on the Market – 129
            Average List Price - $374,417
            Average Sale Price - $363,202
Don’t forget the Lake Lanier January Super Shore Sweep on January 5th at 10:00AM. Please meet Lake Lanier Association members at Balus Creek. From there everyone will be carpooled down to Flat Creek to pick up trash bags. Grilled hot dogs will be provided for lunch. If you miss this clean up day, meet on January 19th at 10:00AM at Lanier Islands (free admission) to clean up the Cocktail Cove area. For more information, contact Vicki Barnhorst ( lakeinfo@lakelanier.org ) , Executive Director of The Lake Lanier Association.