Lake Lanier Homes Sales Past And Present

With all of the malaise around the real estate markets in the United States, I often wonder how our market here on Lake Lanier is fairing. Outside of our monthly Lake Lanier Housing Market Reports, it is interesting to make comparisons. As I compare January thru July of 2006 versus 2007, the seven month span for each year tells a bit of the story. Using the same criteria that we use for our Housing Market Reports, we can see in FMLS that this time span in 2006 yielded 157 lake home closings versus only 121 in the same time in 2007. That equates to about a 23% decrease in the number of closed sales. Sale prices by comparison appear to be very similar. The 2006 period average pricing came in at approximately $630,332 versus $639,891 for the 2007 period. That's about a 1.5% increase in the 2007 period versus 2006. So without getting overly detailed and scientific, there appear to be fewer lake homes selling, but the prices seem to be holding up well with a slight increase in average sales prices. That's pretty good news for our market, especially as it relates to other areas of the country. Now, if we can pull in a lot more rain and get our lake back to higher water levels, we can all get even more excited about our Lake Lanier investments!