Welcome to Big Water & Big Views! It's All Here At 5520 Truman Mountain Road On Lake Lanier!

Your jaw will drop when you see these gorgeous lake views upon walking in the front door of 5520 Truman Mountain Rd. on Lake Lanier!

Welcome to Big Water & Big Views! Come capture the essence of Lake Lanier living in this extraordinary craftsman style lake lodge with long distance views of the Chestatee and miles of deep blue water! It's all here including heart-of-pine floors, cathedral wood beam ceilings, granite counters, tile baths, finished terrace level, complete guest/bonus room & bath over garage, screen porches, tankless water heaters, sound system, driveway sensor & more! Single-slip dock with party deck, boat hoist, and landscaped steps to the shoreline! Luxury Lake Living redefined!

Lake Lanier Craftsman Style Lodge On Big Water At Lake Lanier!

These views run for miles north on the Chestatee River and towards Taylor Creek & Lathem Bay!

These views run for miles north on the Chestatee River and towards Lathem Bay!

Simplify as you gaze out at miles of water!

The full motion video tour of this luxury home shows off the details of what a Lake Lanier waterfront home should be!  Without question, you'll find big, deep, drought-busting water at this excellent Lake Lanier location!



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.

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Berkshire Hathaway HomeServices Georgia Properties Real Estate Advisor – March 2017

Berkshire Hathaway HomeServices
Georgia Properties
Real Estate Advisor – March 2017

We are providing this monthly real estate advisor to keep you informed about the latest trends and issues in the real estate market. Remember that real estate is local and every market is different. Contact us to find out the specific details for your local area. If you know someone else who might be interested in receiving this report or who may benefit from our expertise, please let us know. Better information helps our clients make better real estate decisions!

 

The Metro Atlanta real estate market is off to a mixed start in 2017. Pendings show strong momentum but closings are slightly down from last year. Inventory is lower - making it harder to find the right property. Below is the summary for Metro Atlanta through February 2017.

• Year-to-date pended sales through February were up 8.8% versus last year. Year-to-date closings were down 2% versus last year and down 9.8% from last February.
• The average sales price for February was $269,000 - up 1.9% from last month and up 5.9% from last year. The annual ASP for 2016 beat the record posted back in 2006.
• The listed inventory for February was down 1.8% from last month and down 5.4% from last February. But the limited availability of desirable properties is still driving multiple offers and very quick sales in select areas.
• Overall months of supply for February was 4.4 months. Six months is considered normal. Luxury properties are taking longer with homes above $1 million averaging 18.3 months and properties over $2 million averaging 91 months to close.
• The latest Case-Shiller Index for Atlanta (2/28/17) was essentially flat (+.16%) compared to the previous month. Metro Atlanta home values are up 61% from the recent bottom of March 2012 and up 2.42% from the average index last year. Increased homes values are building positive equity and getting some sellers back into the market.
• Visit HomeServices Lending at Georgia.HomeServicesLending.com for the latest mortgage rates. Ask about our Close On Time Guarantee and Free Second Opinion programs. Over 77% of clients who tried the Second Opinion Program found a better solution and ended up closing their loan with HomeServices Lending.

Click here for a more detailed set of charts including the National Real Estate Market, Metro Atlanta Real Estate Market and Trends for Georgia Real Estate.

 

Our MEGA Open House Event is this Sunday, March 19th from 2pm – 5pm. There will be hundreds of beautiful open houses open across Metro Atlanta. We are having great success in attracting buyers for our MEGA Open Houses! Our MEGA Open House Events are very different from the standard open houses from other companies. We invest in significant advertising on Zillow, Facebook, digital billboards and local promotions to attract more visitors. We are also the leader in listed properties so we have a lot of inventory to see!

If you know anyone interested in listing their home, we would be honored to help. Our next MEGA Open House Event will be Sunday, April 9th.

 

Did you know that China is the leading source of International buyers?Metro Atlanta is forecasted to be the next significant destination with new direct flights to China. The Chinese government blocks traditional real estate website so reaching these 1.39 billion potential buyers requires a different approach. We are pleased to announce a new strategic with Juwai.com, the leading real estate website for China. Our listings are professionally translated and receive the highest exposure. We are also working with Juwai to promote Metro Atlanta as a destination. No other company has this type of exposure to the largest and fastest growing segment of International buyers. Look for more exciting announcements soon as our industry-leading global exposure program continues to evolve.

 

March Madness is upon us. Here is a link to download your printable bracket. We will find out who wins in Phoenix on Monday night, April 3rd. Can you pick the perfect bracket? According to a study from DePaul University, the odds of picking a perfect bracket are one in 9.2 quintillion (1 in 9,223,372,036,854,775,808). The odds are worse than winning two Mega Millions jackpots in a row.

Did you know?

• Only once have all four #1 seeds made it to the final four (2008).
• No #16 seed has ever beaten a #1 seed in the first round.
• The phrase “March Madness” was first coined in 1982 by sportscaster Brent Musburger.
• In the 80 years of the tournament, only 35 schools have ever won the top prize.
• During March Madness, pizza orders increase by 19% and beer sales increase by 28%. Dessert orders increase 9% after favorite teams lose.
• Approximately 70 million brackets will be completed.
• The average ticket to tournament games will cost $477. Final Four tickets range from $588 to $9600.
• The NCAA will collect over 900 million in revenues. $9.2 billion will be wagered on legal gambling and $8.9 billion will be wagered on illegal gambling.

March Madness is big fun and big business. We hope your favorite team has a great run in the tournament. It will be fun to watch the buzzer beaters, Cinderella stories and epic matchups!

We would be honored to assist you or someone you know with their real estate needs. We are experts in the local market and have access to proprietary information sources that are not available to the public. Better information leads to better decisions!

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.

Lake Lanier Waterfront Home Sales For January 2017! Let's Check The Sales Trends!

Lake Lanier Waterfront Home Sales For January 2017! Let's Check The Sales Trends!



The numbers are in for Lake Lanier home sales for the month of January 2017! Here is a brief recap of the home sales as reported in our comparative market analysis that we will provide via SlideShare later in this article.

Lake Lanier waterfront homes sold:  12

The highest home price sale was $1,250,000

The lowest home price sale was $270,000

The average home sold had four bedrooms, three bathrooms, and 1 half bathroom

The average build date was 1991

The average original list price was $632,742

The average list price after price adjustments was $601,616

Average sales price was $578,625

Sales price vs original list price ratio came in at 91.08 %

Average total days on market was 218

Lake Lanier Waterfront Home Sales Market Analysis January 2017 from Arthur Prescott

Lake Lanier Waterfront Homes Sales Listings January 2017 from Arthur Prescott

Our market analysis is generated at the beginning of each month. It is designed to show you Lake Lanier home sales statistics. Each month, we search the First Multiple Listing Service for home 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 home 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 detached homes 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 678-513-2014 or email us at Arthur.Prescott@BHHSGeorgia.com.

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.

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Our Latest Berkshire Hathaway HomeServices 2017 National Ad Campaign!

“Good to Know” 2017 National Advertising Campaign

 

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.

Lake Lanier Waterfront Home Sales Versus Average Sales Price By Year For The Past 10 Years!

Lake Lanier Waterfront Home Sales Versus Average Sales Price By Year For The Past 10 Years!

If you love charting, and the details presented, then you are going to love today's chart! This one is a thing of beauty! It looks at the past 10 years of Lake Lanier waterfront home sales, and it charts the trends in relationship to the number of homes sold versus the average sales price.

As you can see, for the past several years, sales prices have been increasing and the actual number of homes selling has been increasing as well. We are not quite back to the most recent peak of the market yet. The data does not show 2005 and 2006 when the sales arguably peaked. But we are on our way and making some serious strides at getting back to those levels.

The sales price line overlay shows how average prices are getting back to $600,000 for waterfront homes. This average sales price is well above the average sales price of homes in the surrounding counties around Lake Lanier. Supporting the idea that waterfront homes typically sell at a premium to average off-lake homes in our area.

Lake Lanier Waterfront Home Sales Versus Average Sales Price By Year For Past 10 Years from Arthur Prescott

1. Arthur Prescott REALTOR, ABR, CRS Historic Sales by Year Search Criteria Time frame is from Jan 2007 to Feb 2017 Property Category is 'Residential Detached' Lake Name is 'Lanier' Lot Desc is 'Lake Frontage' Results calculated from approximately 2,400 listings

2. Berkshire Hathaway HomeServices Georgia Properties 925 Sanders Road Cumming, GA. 30041 Office: 678­513­2014 Cell: 770­309­7531 Email: Arthur.Prescott@bhhsgeorgia.com Website: www.LakeSidneyLanierHomes.com Website: www.LakeLanierLotsAndLand.com Website: www.CummingHomeShop.com Blog: LakeSidneyLanierHomes.Blogspot.com "Arthurize The Best!" The accuracy of all information, regardless of its source, including but not limited to square footage, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with the appropriate professionals. Copyright 2017 FMLS

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.

Berkshire Hathaway HomeServices Georgia Properties Receives Another Prestigious Award!

Dan Forsman is proud to announce that Berkshire Hathaway HomeServices Georgia Properties was honored with the prestigious Marketing Award of Excellence (MAX) award for its Luxury Collection marketing campaign.  This video describes how this impacts you, as a seller, when listing your home for sale.



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.

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Lake Lanier Waterfront, Luxury Estate Home For Sale! Don't Miss This Extraordinary Estate!

Lake Lanier Waterfront, Luxury Estate Home For Sale!

Exceptional Lake Lanier waterfront estate providing luxury, privacy & the finest quality construction. Located on a gated 1.7 acre landscaped tract with approximately 150 feet of waterfront on Lake Lanier! Incredible brick & stone exterior with a rustic lodge style interior. Six large bedrooms, five full bathrooms, an open kitchen and great room with a massive stone fireplace, vaulted lodge style ceiling with exposed beams, hardwoods floors, granite counters, stone backsplash, tile baths. Three car garage. 32X32 double-slip dock with party deck & shoreline steps in place on deep water!

See more at: www.LakeSidneyLanierHomes.com/5814417





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.

Historic Count Of Active Listings For Lake Lanier Waterfront Homes! Let's Check The Inventory Trends!

Historic Count Of Active Listings For Lake Lanier Waterfront Homes!  Let's Check The Inventory Trends!

Once again, the chart shows the trends in the market.  This one goes back over 10 years and looks at active waterfront home listing counts.  You can easily see how the economic recession and the historic Lake Lanier drought impacted the number of homes for sale in 2007, 2008, and 2009. As the economy improved and Lake Lanier water levels increased, you can see the upward trajectory on the chart of the huge influx of homes for sale between 2009 and 2010. Furthermore, from 2010 to present, it is easy to see the cyclicality of our market and how the number of homes for sale tends to increase in the spring and summer, and then trailed off into the winter months. Overall, the big thing that I see here, is that as we move into 2017, the inventory of Lake Lanier waterfront homes for sale is lower than it has been in approximately 7 years.  Hmm...

Historic Count Of Active Listings For Lake Lanier Waterfront Homes from Arthur Prescott

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.

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Lake Lanier Waterfront Home Sales Prices Versus List Price Ratios For 2016!

Lake Lanier Waterfront Home Sales Prices Versus List Price Ratios For 2016!  Let's check the discounts that were given on the sales!

I'm often asked by sellers what they can expect as a sales price if they list their Lake Lanier property at a given price.  Alternatively, buyers often want to know what kind of offer they should submit on a home that is listed at a particular price.  The chart below can help provide some of those answers. Based on 2016 Lake Lanier waterfront home sales in FMLS, here's the data that we were able to find.

2016 Lake Lanier Waterfront Home Sales Price To List Price Ratios from Arthur Prescott

My take on this is that we're not seeing a lot of  "fire" sales.  The market was healthy and pretty strong.  Not a lot of foreclosure, short sales or distressed property sales.  Discounts appear to typically be in the 3% - 6% off of list price range.

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.

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Lake Lanier Home Sales Charted! Lake Lanier Real Estate Trends You'll Want To See!

Lake Lanier Home Sales Charted!  Lake Lanier Real Estate Trends You'll Want To See!

I am often asked the question "How is the real estate market?"  More precisely, it is often a question as to the status of the Lake Lanier real estate market. And generally, this question refers to how homes are selling and what the market activity looks like for home sales.

In order to answer that question which is so often posed, I decided to take a look at historical sales prices of Lake Lanier homes as provided by FMLS. The simple chart shown below provides a detailed view of where we have been and where we might likely be going with regard to Lake Lanier home sales prices. The chart goes all the way back to 2007 and shows each year along with the average sales price. This is for waterfront homes on Lake Lanier. No other criterion was used.

Lake Lanier Home Sales Historic Sales Price Trend 2007-2017 from Arthur Prescott

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.