We have 80 lake homes that are sold or pending since 1/1/08. Wide range of prices from a low of $215,000 to over 2 million (all with boat docks in place).
Of these 80, there are 47 that have closed or have pended since May, 2008. It is not earth shattering, but lake sales are happening and they are happening NOW. During this same period last year, there were 98 homes that sold, just about 2 times more homes last year than this year.
There are 404 Lake Lanier home listings with individual boat docks, from a low of $214,000 to a high of $7,500,000.
Remember when there were NO homes to be found in the $200,000 range and very few in the $300,000 range. Well there are plenty now. The water may be low, but the prices will not be this low forever.
The average listing price of all the listings is over $800,000 so that has not changed much since my last post on the Lake Lanier Stats.
We have loads of inventory for buyers to decide upon. So get out there now to get the best possible deal you are likely to get on this Lake. Prices MAY go lower, but do not count on that. You must decide what is most important for you....Location, water depth, style of house, etc. Then narrow your search to include those things that are most important to you.....
Once you decide on your dream home....then let us appraise it for you BEFORE you sign on the dotted line to see if your investment is a good one. Then you are good to go....
I know there is so much indecision in the market, in the industry as a whole, in the economy with the bail out underway, elections just around the corner, stock market volatility, but if you find what you are looking for, don't take that chance of losing it forever. Sometimes in life you just have to go for the gusto!
Have a great week everyone and remember to stop and smell the "roses" along the way! Enjoy yourself and be safe on the Lake!