If you love charting, and the details presented, then you are going to love today's chart! This one is a thing of beauty! It looks at the past 10 years of Lake Lanier waterfront home sales, and it charts the trends in relationship to the number of homes sold versus the average sales price.
As you can see, for the past several years, sales prices have been increasing and the actual number of homes selling has been increasing as well. We are not quite back to the most recent peak of the market yet. The data does not show 2005 and 2006 when the sales arguably peaked. But we are on our way and making some serious strides at getting back to those levels.
The sales price line overlay shows how average prices are getting back to $600,000 for waterfront homes. This average sales price is well above the average sales price of homes in the surrounding counties around Lake Lanier. Supporting the idea that waterfront homes typically sell at a premium to average off-lake homes in our area.
Lake Lanier Waterfront Home Sales Versus Average Sales Price By Year For Past 10 Years from Arthur Prescott
1. Arthur Prescott REALTOR, ABR, CRS Historic Sales by Year Search Criteria Time frame is from Jan 2007 to Feb 2017 Property Category is 'Residential Detached' Lake Name is 'Lanier' Lot Desc is 'Lake Frontage' Results calculated from approximately 2,400 listings
2. Berkshire Hathaway HomeServices Georgia Properties 925 Sanders Road Cumming, GA. 30041 Office: 6785132014 Cell: 7703097531 Email: Arthur.Prescott@bhhsgeorgia.com Website: www.LakeSidneyLanierHomes.com Website: www.LakeLanierLotsAndLand.com Website: www.CummingHomeShop.com Blog: LakeSidneyLanierHomes.Blogspot.com "Arthurize The Best!" The accuracy of all information, regardless of its source, including but not limited to square footage, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with the appropriate professionals. Copyright 2017 FMLS
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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