In 2013, during the first four months of the year, our research shows that 50 Lake Lanier homes sold at an average price of $519,738. Taking a look at 2014, the numbers are somewhat different. During the first four months of this year, we found that 84 Lake Lanier homes sold, and the average sales price was $466,878.
So, we have some good news, and we have some bad news. The good news is that so far in 2014, 68% more homes have sold on Lake Lanier versus the same time frame in 2013! In my opinion that's a huge increase, and it makes me feel positive about the future of Lake Lanier home sales. Now for the bad news. Even though more homes are selling the average sales price has declined moderately by about 10%.
Now, I'm sure you know and understand that numbers can be manipulated in many ways, and in this case we are merely looking at four months of sales activity in the early part of 2014 when the cold weather dominated the area. But clearly, Lake Lanier buyers are coming out in force and are taking advantage of some good opportunities to purchase lakefront properties at prices slightly less than the previous year. It is still early in the year, and the traditional Spring selling market has just gotten underway. For now, we're going to keep an eye on these numbers. But based on what we see at this point, the buyers seem to be in the driver's seat of this Lake Lanier real estate market.
For more details on the Lake Lanier housing market past and present check out this page on our website:
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.
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| It was an overcast, and drizzly day showing homes Saturday 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 Arthur.Prescott@BHHSGeorgia.com.
