Lake Lanier Waterfront Lot Sales Trends! Let's Check The Details!

Today, we wanted to take a quick look at Lake Lanier waterfront lot sales year to date 2014. In order to accomplish this, we utilized the FMLS system and looked at waterfront lot sales with a dock or dock permit in place on Lake Lanier that sold between January and September 2014. Here are some of the takeaways from our FMLS report based on our unique search criteria.

• There have been 26 sales so far in 2014 over the last nine months (Jan-Sept)
• The most expensive waterfront lot sale was $515,000
• The least expensive waterfront lot sale was $60,000
• The total days on market average was 358 days
• The average original list price was $215,812
• The average sales price was $196,631
• The sales price to original list price ratio was 102.53%

So, for comparison purposes let's take a look at the same time frame and the same criteria for 2013. Here's what we find:

• There were 16 sales in the same time period last year 2013
• The most expensive waterfront lot sale was $364,900
• The least expensive waterfront lot sale was $35,000
• The total days on market average was 192
• The average original list price was $200,088
• The average sales price was $183,774
• The sales price to original list price ratio was 85.33%

Clearly, based on our criteria, many more waterfront lots with docks/dock permits have sold on Lake Lanier this year (2014) during the first nine months compared to last year (2013) during the same time frame. Furthermore average sales prices appear to be a bit higher as noted in our research. Interesting findings for sure!  Hopefully this trend will continue into the end of the year!

All Information In The Above Report Is Deemed Reliable But Not Guaranteed.  Lake Sidney Lanier Homes is the most comprehensive online source for information on Lake Lanier homes for sale and Lake Lanier area real estate. View the latest Lake Lanier home listings, foreclosures, lots, land, sales trends and real estate topics on Lake Lanier. Arthur Prescott is an Accredited Buyer's Representative and Certified Residential Specialist with Berkshire Hathaway HomeServices Georgia Properties. He has over a decade of Lake Lanier real estate experience. If you would like to schedule a free buyer or seller consultation, please feel free to contact us directly at www.LakeSidneyLanierHomes.com or 678-513-2014 or email us at Arthur.Prescott@BHHSGeorgia.com.