Lake Sidney Lanier Homes Blog

Friday, November 02, 2018

Why Use an ABR® Accredited Buyer's Representative When Purchasing A Lake Lanier Home?

Buying a home is an important purchase! Make sure you have a trusted professional in your corner. A real estate professional who has earned the Accredited Buyer's Representative (ABR®) designation has the specialized skills and education to advocate for you in the home buying process. Arthur Prescott is an Accredited Buyer's Representative and Certified Residential Specialist with Berkshire Hathaway HomeServices Georgia Properties.

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.

Monday, October 29, 2018

Lake Lanier Waterfront Home Sales For September 2018! Let's Check The Sales Trends!

The numbers are in for Lake Lanier home sales for the month of September 2018! 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: 33

The highest home price sale was $1,300,000

The lowest home price sale was $210,000

The average home sold had four bedrooms, three bathrooms, and 0 half bathrooms

The average build date was 1991

The average original list price was $591,646

The average list price after price adjustments was $548,594

The average sales price was $522,729

Sales price vs original list price ratio came in at 89.72 %

Average total days on market was 149

Lake Lanier Home Sales Analysis September 2018 from Arthur Prescott

Lake Lanier Waterfront Home Sales Listings September 2018 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 770-844-8484 or email us at Arthur.Prescott@BHHSGeorgia.com.

Friday, October 26, 2018

Selling A Home In The Atlanta Suburbs To Buy A Waterfront Home On Lake Lanier! We Are Assisting Our Clients Everywhere!

Selling A Home In The Atlanta Suburbs To Buy A Waterfront Home On Lake Lanier! We Are Assisting Our Clients Everywhere!

More full-time residents are making the move to Lake Lanier from out of state, Atlanta and even the surrounding suburbs near Lake Lanier. Why miss out on all of the benefits of waterfront living at the lake if you can make the switch? Many of our clients are choosing the lake lifestyle as a full-time lifestyle versus a weekend experience. As an example, our real estate partner Eric White just helped our latest client purchase a beautiful, Lake Lanier home in Gainesville. The client has listed his nearby Suwanee home for sale with us as part of the transition. Check out this beautiful home that we have listed for sale in Shadowbrook At Town Center in Suwanee!

Full Listing Details For 3880 Portland Trail Drive Suwanee, GA.

What a fabulous location for this home! Check out how close it is located to restaurants, shopping, and amenities!

Wednesday, October 24, 2018

Georgia Housing Market Snapshot For September 2018

Georgia Housing Market Snapshot For September. All information provided courtesy of the Georgia Association REALTORS®.

Key indicators for the Georgia housing market for September are in. New listings, prices, and sales are up, while inventory remains low.

New Listings increased 11.8 percent to 13,562.
Pending Sales were up 11.8 percent to 9,965.
Inventory levels shrank 5 percent to 36,875 units.
The Median Sales Price increased 10.6 percent to $220,000.
Days on Market was down 9.4 percent to 48 days.
Months Supply of Inventory was down 10.5 percent to 3 months.

Indicators are pointing toward a cooling market. Please click below to view the full report for September.

Georgia Housing Market Snapshot For September 2018 from Arthur Prescott

Monday, October 22, 2018

Are You A Customer Or A Client In Your Real Estate Transaction? What's The Difference?

Are You A Customer Or A Client In Your Real Estate Transaction? What's The Difference?

In real estate transactions, buyer-clients are entitled to a higher level of service than buyer-customers. Becoming a client typically involves signing a Buyer's Representation Agreement with a buyer's representative, who then owes you fiduciary duties. Check out the SlideShare document below for all of the important differences and details!

Customer Or Client? What's The Difference In Real Estate Representation? from Arthur Prescott

Friday, October 19, 2018

U.S. Army Corps Of Engineers Lake Sidney Lanier Fact Sheet

Many thanks to Mr. Nick Baggett with the U.S. Army Corps Of Engineers at Lake Lanier for his informative presentation at our weekly business meeting this past Tuesday at Berkshire Hathaway HomeServices Georgia Properties!

One of the most valuable and informative takeaways from this meeting was the following U.S. Army Corps Of Engineers Lake Sidney Lanier Fact Sheet that Nick shared with us. Check out this one sheet of informative information regarding Lake Lanier. This is a great summary for newcomers to Lake Lanier as it provides lots of valuable information regarding the lake!

USACE Lake Sidney Lanier Fact Sheet from Arthur Prescott

Wednesday, October 17, 2018

Berkshire Hathaway HomeServices Georgia Properties Real Estate Advisor – October 2018

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 leads to better real estate decisions!

Below is the summary for Greater Metro Atlanta through September 2018. Click here for a more comprehensive market report slide deck.

The entry-level market has strong demand and very low inventory. The luxury market remains a buyer’s market in most areas with buyers negotiating better pricing and terms.
Mortgage Rates are rising slowly which is impacting affordability in the entry-level market. Metro Atlanta remains very affordable relative to other metro areas.
September Pending Contracts were down 13.6% from August and up 7.3% from the prior year. September Closings were down 20.4% from last month and down 8.7% from the prior year.
Year-to-Date Pended Sales units were up 1.4% versus the prior year. Year-to-Date Closings were up 1.2% versus the prior year.
The Average Sales Price for September was $304,000 – down 2% from last month and up 7.4% from last year. 2018 is on track to be the highest annual ASP on record.
Inventory for September was up 1.7% from last month and flat compared to last year.
New Listings in September were up 11% versus last year and up 3% year-to-date.
Overall Months of Supply for August was 3.6 months. Six months is considered normal. Luxury properties took longer with homes above $1 million averaging 17 months and properties over $2 million averaging over 27 months to close.
The Average List-to-Sale Price Ratio was 96% for all price points. Many properties in high-demand areas are selling above list.
The Case-Shiller Index for Atlanta (9/25/18) was up .58% compared to the previous month. Metro Atlanta Home Values are up 76% from the bottom of March 2012.

Visit Prosperity Home Mortgage to meet one of our Mortgage Consultants. Ask about the Prosperity Buyer Advantage and our 7-Day Close program.

Our next MEGA Open House Event is Sunday, October 21st from 2pm – 5pm. There will be hundreds of beautiful open houses available and one lucky sweepstakes winner will get a cool Amazon Alexa Prize Package.

MEGA Open House Events are a very effective component of our Advanced Property Marketing for our seller clients. We run extensive open house ads on Zillow plus Facebook, Instagram, Google and WAZE to generate interest from potential buyers.

If you know anyone interested in listing their home, contact us so we can get them scheduled for a MEGA Open House Event!

Our thoughts and prayers are with those impacted by Hurricane Michael. Fortunately, Metro Atlanta and North Georgia were less affected. Weather forecasters are calling for a colder winter and more potential snow events this season. Now is the time to get ready just in case. Remember, Snow Jam 2014? Thousands of people got stuck in the snowstorm and were not prepared. We want you to be ready! Click the links below for helpful checklists.

Click here for a Hurricane Preparedness Checklist

Click here for a Cold Weather Checklist

We would like to wish you and your family a safe and Happy Halloween. Halloween falls on Wednesday night this year so we wanted to share a couple of ideas that you might use to get ready. For those that are a little more adventurous with your pumpkins, you may want to carve up some scary or funny pumpkins to decorate your home. We thought you might enjoy the options at ExtremePumpkins.com. Now you can have the coolest house on the street!

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 770-844-8484 or email us at Arthur.Prescott@BHHSGeorgia.com.

Monday, October 15, 2018

September 2018 Real Estate Market Report For Forsyth, Dawson & Lumpkin Counties!

September 2018 Real Estate Market Report For Forsyth, Dawson & Lumpkin Counties! All data is courtesy of the 400 North Association of REALTORS®.

Highlights: (compared to September 2017)

Forsyth County
Infographic - https://create.piktochart.com/output/33341888-400n-9_2018-forsyth
Total single family home sales: 321 (8.8% decrease)
Median sales price: $355,000 (4.1% increase)
Average sales price: $385,000 (5.5% increase)
Total active listings: 1,367 (1.2% decrease)
New listings: 385 (4.7% decrease)
Month’s Supply: 3.6 (1.9% decrease)

Dawson County
Infographic - https://create.piktochart.com/output/33342163-400n-9_2018-dawson
Total single family home sales: 53 (3.6% decrease)
Median sales price: $225,000 (21.1% decrease)
Average sales price: $279,000 (9.4% decrease)
Total active listings: 240 (7.6% increase)
New listings: 50 (0.0% change)
Month’s Supply: 5.2 (.5% decrease)

Lumpkin County
Infographic - https://create.piktochart.com/output/33342378-400n-09_2018-lumpkin
Total single family home sales: 33 (5.7% decrease)
Median sales price: $203,000 (4.1% increase)
Average sales price: $231,000 (12.1% increase)
Total active listings: 149 (8.0% decrease)
New listings: 33 (50.0% increase)
Month’s Supply: 4.5 (12.4% decrease)

Sunset at The Patio Lounge Lake Lanier's Johnson Creek

Wednesday, October 10, 2018

Don't Miss This Affordable Lake Lanier Waterfront Lot With A Single-Slip Dock In Place!

Don't Miss This Affordable Lake Lanier Waterfront Lot With A Single-Slip Dock In Place!

Fantastic deep water cove lot on the quiet, northern end of Lake Lanier! Build close to the water's edge and enjoy beautiful lake views throughout the year! Includes a single-slip covered 30' X 22' dock in excellent condition with a 26' X 10' slip. U.S.A.C.E. Permit #Q808. Use the lake now and build when ready with your builder of choice! Potential owner financing is available! This is an excellent lot with a nice dock, good views, and a great value!

Full Listing Details For 7731 Elm Circle, Murrayville, GA.

Thursday, October 04, 2018

Lake Lanier Waterfront Home Sales For August 2018! Let's Check The Sales Trends!

The numbers are in for Lake Lanier home sales for the month of August 2018! 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: 29

The highest home price sale was $2,300,000

The lowest home price sale was $200,000

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

The average build date was 1985

The average original list price was $ N/A

The average list price after price adjustments was $721,310

The average sales price was $673,581

Sales price vs original list price ratio came in at N/A %

Average total days on market was 114

Lake Lanier Home Sales Analysis August 2018 from Arthur Prescott

Lake Lanier Waterfront Home Sales Listings August 2018 from Arthur Prescott

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