The numbers are in for Lake Lanier waterfront lot sales for the third quarter of 2017! Here is a brief recap of the lot sales as reported in our comparative market analysis that we will provide via SlideShare later in this article. Please note, a few of these sales actually had homes/structures on the property. However, the major value of the property was deemed to be in the land.
Lake Lanier waterfront lots sold: 10
The highest waterfront lot price sale was $800,000
The lowest waterfront lot price sale was $10,00
The average size waterfront lot sold was 0.96 acres
The average original list price was $303,690
The average list price after price adjustments was $295,790
The average list price after price adjustments was $295,790
Average sales price was $261,105
Sales price vs original list price ratio came in at 81.49 %
Average total days on market was 294
Sales price vs original list price ratio came in at 81.49 %
Average total days on market was 294
Our market analysis is designed to show you Lake Lanier waterfront lot sales statistics. Each month, we search the First Multiple Listing Service for lot sales (closings) based on the following criteria:
Area: All counties with frontage on Lake Lanier. Specifically Forsyth, Dawson, Lumpkin, Hall, and Gwinnett counties.
Status: Sold (Closed Transactions)
Lake Frontage: The lot must be a waterfront property on Lake Lanier as described as lake frontage in the First Multiple Listing Service.
Property Category: Our analysis includes only residential lakefront lots as categorized in FMLS.
This market analysis is deemed to be accurate but is not warranted. It is meant to give a general idea and overview of the current housing market for waterfront homes on 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 770-844-8484 or email us at Arthur.Prescott@BHHSGeorgia.com.
