Yellow Ribbon Tree
appen grocery
Beverage Depot
appen dec 2010 Duplicate

A mid-year snapshot of lake home sales



chart_for_strader
shadow
(click for larger version)
July 19, 2013
In February I asked a question in an article titled "Will Waters Rise Lift Home Sales on Lake Lanier"

At the time the lake was five feet below full pool.

With the lake having been at or above full pool for the past three months, during a time when the lake level traditionally drops, I thought it would be worth a look at what the first half of this year has been like for lake home sales.

In that past article, I referenced the median sales price for all lake Lanier home sales in 2012, it was $410,000. Looking at this year, it appears as though we're seeing some movement to the upside.

That said, home sales are still flat and inventory remains relatively high.

But there is good news.

In that elevated inventory are a high number of affordable lake homes. For this I used homes listed under $400,000.

There is a great opportunity for anyone considering a second home, weekender or a primary residence on the lake at a great price. Over 30 percent of all lake listings fall into this affordable category.

Why are there so many low priced lake homes available?

Two words: Google Earth.

Buyers are still looking at satellite shots from the drought and worry what the future may bring.

But for those who understand that the lake level will fluctuate and can live with it, it's a good time to be a buyer.

Bob Strader is a local realtor with the NORTH Group of Keller Williams Realty. Visit his blogs liveincumming.com or liveinalpharetta.com or email him: info@thenorthgroup.com.

list visuals View images.
Bob Strader is a local realtor with the NORTH Group of Keller Williams Realty. Visit his blogs liveincumming.com or liveinalpharetta.com or email him: info@thenorthgroup.com.
printPrint
emailEmail Link
CommentFeedback
shareShare

Tags: Business News

READER COMMENTS Submission
When posting feedback please be respectful. Be nice. :
* required value
Your Name*

Town*

Email (not shown on website)*

Subject*

Comment*

Verification*
Identify the animal




Coldwell Banker
Biz Post
RECENT CLASSIFIEDS
Sports Equipment

Get portable basketball system

July 28, 2014 | 08:03 AM
The company creates new products »
Moving

Moving Sale-Downsizing-

July 27, 2014 | 09:05 PM
Beautiful Century Solid Wood »
Full-time

Kid Chess Teachers!

July 27, 2014 | 10:00 AM
After School Chess Teachers, »

Meiller Painting
appen dec 2010