Monday, June 08, 2015

Lake Lanier Real Estate Sales Trends...Let's Check The Home Sales For May 2015!

Well, it's been a very busy Monday morning, but we thought we'd take a few moments just to check the Lake Lanier real estate market trends for May 2015. We have been incredibly busy this year. As a matter fact, so far this year we have surpassed all of the productivity that we had last year, and last year was a pretty good year!

Here's a short summary of what we see in the marketplace for May 2015.

  • 19 Lake Lanier waterfront homes sold
  • the average home sale had four bedrooms three full baths and one half bath
  • the average build date of the homes sold was 1989
  • the average original list price was $523,871
  • the average list price of homes sold was $508,405
  • at least some closing costs were paid on the majority of transactions by the sellers
  • the average sales price of the homes sold was $486,079
  • the sales price to original list price ratio was 93.65%
  • the average total days on market was 99

Not too bad of a month! However, if you look at our Lake Lanier housing market report online you'll see that 19 home sales in the month of May is a drop-off from the months of March and April 2015. We're not sure what caused the slowdown, but we sure hope it's not a new trend. There are currently many potential Lake Lanier home buyers searching the lake for their dream waterfront home. If you have a home on Lake Lanier that is waterfront with a dock and you are considering selling, please contact us and we'll be happy to do a free comparative market analysis and an estimate of the valuation on your property. Inventory has been pretty tight all year long. Now is a great time to list your home, as we are in the middle of the summer selling season and the market is still pretty strong!

Storm clouds approaching the point along Thompson Creek at Lake Lanier



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.

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