We've noticed lately, that we are building a somewhat lengthy list of Lake Lanier home buyers that are struggling to find properties of interest that represent good value in a given price range. This year in particular has been a difficult one for many potential Lake Lanier home buyers. I finally got a moment to sit down and do a little research on why this potential situation might be occurring.
The site that I went for answers was our local online MLS system. And as of this morning, I found only 269 homes listed for sale on Lake Lanier with a dock or dock permit in place. That's pretty limited inventory! And granted, it is the holiday season and one would expect the inventory and activity to have slowed. Without a doubt we have seen this happen over the last number of weeks. Nonetheless, with only 269 homes to pick from, it can be hard to find that perfect property.
As of this morning, the highest priced listed property for sale on Lake Lanier according to our research came in at a whopping $8,495,000! However on the lower end of the spectrum, was a property listed at $90,000.
| Property Listings | ||||||||||||||
|
And what about the median price range you ask? Well that seems to have gone up just a bit from the last time that we checked it. This morning, as I research these numbers, it appears that the median price range has floated up a little bit to about $550,000. It seems that we may be gradually getting back to the days when the median price range of homes for sale on Lake Lanier with a dock or dock permit would run about $600,000.
So, while the inventory may be limited, and finding exactly what you want might be a little tough, it appears that prices might edge up a little bit into next year. Typically the inventory of homes listed for sale starts ramping up as the weather starts warming up a bit and the Spring weather calls for more lake visitors. And that really starts in around mid February. So, for all you potential Lake Lanier home buyers out there that didn't find your home this year there is hope! But, it may cost you a little more. We'll just have to see if the normal market uptick and the increase of listing activity and inventory prevail in the new year. Stay tuned right here for all of the details!
 |
| The seawall shoreline at Sawnee Campground in Cumming on Lake Lanier |
No comments:
Post a Comment