September 2009 Lake Lanier Real Estate Market Report

Our September 2009 Lake Lanier Real Estate Market Report is complete and ready for your review. During September, the market continued a familiar pace in the number of lakefront homes with docks sold on Lake Lanier according to the statistics that we review in First Multiple Listing Service.

In an attempt to satisfy our curiosity for trends, we took a look back at some of the data going back to 2007. Looking at the months of January thru September, we compared the homes sales data and our findings revealed some very interesting information:

Year / Homes Sold / Avg. Sales Price / Avg. Days On Mkt.

2007 / 150 / $651,187 / 91
2008 / 67 / $629,224 / 94
2009 / 69 / $554,361 / 149

Of course, these stats come from our searches and criteria as completed in FMLS. The trend is still representative of a slow market much like we saw in 2008. Prices have declined as the average days on market has increased.

If your lake home is listed for sale, and it is proving difficult to sell, these figures should give you an idea of the continued difficulty in our market.

For all of the latest details and to see our full report, click on the link above!

www.LakeSidneyLanierHomes.com