Lake Lanier Housing Market Report For July 2013! We Take A Look At The Sales Trends And Values!

Today in Lake Lanier real estate, we're taking a look at a comparative market analysis of Lake Lanier home sales for July 2013. And what we see in the analysis, is that 24 homes sold on Lake Lanier last month. These were stick-built homes that do not include mobile homes or modular homes as they are defined in the MLS system. Of the 24 homes that sold, the average home was a four bedroom, three full bath, and one half bath home. The original list price of the homes averaged out at $485,417. On average, this original list price was reduced to an average price of $469,142. This in turn, resulted in an average sales price of $439,345. The breakdown on this number, can be viewed in the form of a sales price to original list price ratio. That ratio breaks down to 89.97%. In more simple terms the original list price was discounted a little bit more than 10% off in order to achieve the final sales price. Total days on market came in at 109.

Comparative Market Analysis For Lake Lanier Homes July 2013

Individual Lake Lanier Home Sales Details

So you might ask what does all of this mean? And for the answer to that question, we need only look to our Lake Lanier Housing Market Report which can be found on LakeSidneyLanierHomes.com. Going back one year, to July 2012, we can see that our records show that the same number of homes sold in July 2012 as did in July 2013. However, there was a big difference in the average sales price. In 2012 our numbers showed the average sales price was $535,996 versus this year's number of $439,345. Those numbers translate to a difference of a little bit more than an 8% reduction in the average sales price of a Lake Lanier home in July 2013 as compared to July 2012. Nevertheless, we don't get too worried about comparing single months in different years as it relates to average pricing. We feel that the trend will be established and noticeable at the end of this year when we compare the whole year of 2013 to the whole year of 2012. For now, we'll say that the total number of sales transactions for Lake Lanier houses in 2013 is out pacing 2012 by about 13 percent.

For an historical look at Lake Lanier home prices and number of transactions for each of the months over the past several years be sure to check out our website or simply click on the link provided below.

Lake Lanier Housing Market Report

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 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 678-513-2014 or email us at APrescott@PrudentialGeorgia.com.

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