If you’re like me, seeing rain in the forecast, and hearing it fall on your roof, is much more satisfying these days then a forecast of mild temperatures and sunny skies. Slowly, the lakes are starting to rise, and if we continue to get a little rain each week, docks will start to float again and boating traffic will start to pick up. Since the 1st of the year, I’ve seen stronger interest in buyers looking for lake property. Most are looking for “good deals” and, I expect that will continue through 2008.
Here are some statistics on Lake Hartwell and Keowee “dockable” waterfront activity for 2007 (source: SC Upstate MLS and does not include FSBO and non SC Upstate MLS listed properties):
LAKE HARTWELL
Waterfront Homes Sold (excludes Condos & Townhouses) – 164
Average Days on the Market – 130
Average List Price - $476,294
Average Sale Price - $451,538
Waterfront Lots Sold – 58 (includes 3 multiple lot sales)
Average Days on the Market – 139
Average List Price - $242,381
Average Sale Price - $221,615
LAKE KEOWEE
Waterfront Homes Sold (excludes Condos & Townhouses) – 71
Average Days on the Market – 162
Average List Price - $891,628
Average Sale Price - $841,547
Waterfront Lots Sold – 96 (includes 1 multiple lot sales)
Average Days on the Market - 155
Average List Price - $485,232
Average Sales Price - $470,029
I’d be interested in your comments as to how these statistics compare to what your expectations were and what you would assume they would be.
By Jay Hufnagel, Keller Williams Realty, Lake and Home Group, 770-757-2799