Lake Lanier home sales for the month of August were holding up pretty well as the Summer sales activity starts its seasonal transition into a slightly slower Autumn. We did our monthly research in the MLS system, and here's the report for the month of August. This report includes waterfront homes listed with a dock on Lake Lanier. It does not include mobile or modular homes in this report.
Here are the numbers from our research of August lake home sales.
- 26 Lake Lanier home sales
- The average size home was 4 bedrooms with 3 and 1/2 baths
- The average year built was 1986
- Most expensive home sale $1,550,000
- Last expensive home sale $252,000
- The average sales price was $572,275
- The sales price to original list price ratio was 91.18%
- The average total days on market was 80
These are pretty good numbers. For example, when we compare January-August of 2014 with January-August of 2015, we see that the average Lake Lanier home sales price in 2015 is up by about 16%! That's great news for Lake Lanier home owners! But, alternatively, we detected a new potential trend in this report. That trend is? We are starting to see that in 2015, less homes sold than 2014 during the period of January through August. We are off by about 4%. Is the upturn in pricing affecting the number of home sales? Did the recent stock market correction and pull back force lake home buyers to the sidelines? We'll have to wait and see how this all plays out as we move into the Fall here at Lake Lanier.
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| Approaching storm clouds along Lathem Bay in Gainesville, GA. at 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 678-513-2014 or email us at Arthur.Prescott@BHHSGeorgia.com.
