Earlier this week, I had the opportunity to run some numbers on recent Lake Lanier home sales. I ran the numbers for the month of January 2015, February 2015, and March 2015. This morning I finally got an opportunity to post these results. Keep in mind that when we run these numbers we are looking at Lake Lanier homes that have sold, homes that included a dock or dock permit in place, and where the lot had lake frontage. In a quick update format here is what we found:
In January 2015, 12 Lake Lanier homes sold with an average of four bedrooms and 3 1/2 baths. The average sales price was $674,863 and the average total days on market was 204.
In February 2015, 15 Lake Lanier homes sold with an average of four bedrooms and 3 1/2 baths. The average sales price was $528,272 and the average total days on market was 104.
In March 2015, 33 Lake Lanier homes sold with an average of four bedrooms and 3 1/2 baths. The average sales price was $569,528 with an average total days on market of 104.
The quick take on all of this is that the market on Lake Lanier is picking up, more homes are selling, and the Spring market is taking off. On average, buyers can expect to pay in the $500,000-$600,000 price range for a typical waterfront Lake Lanier home with a dock or dock permit in place. As usual, we will continue to keep an eye on this sales pace and the market trends for Lake Lanier real estate as we move through the rest of the year. But so far, things are looking pretty good!
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| Evening photo of Lathem Bay near the marina slips at Harbour Point! |
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.
