Lake Sidney Lanier Homes Blog

Tuesday, November 27, 2018

Just Sold! Eric White Of Lake Sidney Lanier Homes Delivers Another Perfectly Fitting Home To Our Latest Lake Lanier, Waterfront, Buy-Side Clients!

Just Sold! Eric White Of Lake Sidney Lanier Homes Delivers Another Perfectly Fitting Home To Our Latest Lake Lanier, Waterfront, Buy-Side Clients!

More Lake Lanier home buyers are trusting Lake Sidney Lanier Homes to guide them through the process of locating and purchasing their Lake Lanier waterfront dream home. Our latest client met Eric back in the Summer and started their search for the perfect lake home. After looking carefully at homes for a few months, Eric was able to locate a fantastic opportunity on this excellent waterfront home in Gainesville. Our buyer just recently closed on the property and is working through the move-in process as we proceed through the listing and sale process of his previous home. What an excellent lake investment for the money, and a home that our client will thoroughly enjoy! Here's a look at the winning property!

Property Description:

So many things make this the perfect lake home! Situated on over an acre, private wooded, with fruit trees and a large garden area. Plenty of parking for boats, trailers and guests. Very low maintenance vinyl siding and Trex decking. All new windows, patio slider doors and HVAC (2016). Main level open floor plan, master on main. The loft provides for additional bedroom and office space. The basement features custom-built wood bar perfect for entertaining after a day on the lake. Short gentle walk to dock with path lights. Deep water cove! Permitted for double slip dock.

Sale Price 2334 Sportsman Club Road, Gainesville, GA: $445,000

Congratulations to Eric and our happy clients, and many thanks to Amber Pindak of Keller Williams Lanier Partners for her professional practice as the owner and listing agent of the property in this 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 770-844-8484 or email us at Arthur.Prescott@BHHSGeorgia.com.

Sunday, November 25, 2018

Georgia Housing Market Snapshot For October 2018

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

Key indicators for the Georgia housing market for October are here. Prices are rising, sales have slowed and inventory continues to shrink.

New Listings increased 11.5 percent to 14,643.
Pending Sales were up 2.9 percent to 10,384.
Inventory levels shrank 0.9 percent to 37,196 units.
The Median Sales Price increased 7.9 percent to $215,850.
Days on Market was down 10.9 percent to 49 days.
Months Supply of Inventory was down 5.4 percent to 4 months.

Overall, Georgia's housing market remains on the incline, though not as significant as in previous years. Please click below to view the full report for October.

Georgia Housing Market Snapshot For October 2018 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 770-844-8484 or email us at Arthur.Prescott@BHHSGeorgia.com.

Thursday, November 22, 2018

2018 U.S. Houzz Bathroom Trends Study

2018 U.S. Houzz Bathroom Trends Study... Findings from a survey of 1,144 U.S. homeowners on Houzz about their recent or planned master bathroom renovation projects.

Is your bathroom in desperate need of a renovation? Before you get started, make sure to check out this data on bathroom trends from this year. Just a reminder - if you are cognizant of your home’s resale value, there is such a thing as too trendy.

Click here for the 2018 U.S. Houzz Bathroom Trends Study

By Houzz Research - See more Home Design Photos

Wednesday, November 21, 2018

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

The numbers are in for Lake Lanier home sales for the month of October 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: 26

The highest home price sale was $1,475,000

The lowest home price sale was $154,250

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

The average build date was 1991

The average original list price was $684,769

The average list price after price adjustments was $667,496

The average sales price was $645,090

Sales price vs original list price ratio came in at 94.55 %

Average total days on market was 105

Lake Lanier Home Sales Analysis October 2018 from Arthur Prescott

Lake Lanier Waterfront Home Sales Listings October 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 17 years 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, November 19, 2018

Berkshire Hathaway HomeServices Georgia Properties Real Estate Advisor – November 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 October 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.
October Pending Contracts were up 8.3% from September and up 2% from the prior year. Closings were down 6.5% from last month and down 3.6% from the prior year.
Year-to-Date Pended Sales units were up 3.2% versus the prior year. Year-to-Date Closings were up 2.2% versus the prior year.
The Average Sales Price for October was $307,000 – up 1.7% from last month and up 7% from last year. 2018 is on track to be the highest annual ASP on record.
Inventory for October was down .3% (statistically flat) from last month and up 4.8% compared to last year.
New Listings in October were up 11% versus last year and up 3.8% year-to-date.
Overall Months of Supply for October was 3.6 months. Six months is considered normal. Luxury properties took longer with homes above $1 million averaging 13.2 months and properties over $2 million averaging over 32.1 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 (10/30/18) was up .30% 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.

The chart below shows a summary of Metro Atlanta Home Values according to the Case-Shiller Index for Atlanta. This is an interesting perspective for general home values across Metro Atlanta. As you can see, home values have essentially recovered from the real estate recession. Local areas and prices point will be different. Yes, real estate is truly local.

Our website provides Instant Home Values Estimates for your property or any properties in the country. We also show the number of real-time buyers looking for a home like yours! Visit our website and check out your report. Remember, these home value estimates are automated tools. We can provide you the most accurate value estimate since we have access to proprietary information sources and local details. Contact us to learn more!

As we all get ready to celebrate our modern versions of Thanksgiving, we thought you might find it interesting to recall the history of this event.

The History of Thanksgiving: In 1620, a small ship called the Mayflower left England seeking a new home where they could freely practice their faith, pursue prosperity and own land. After 66 days of treacherous seas, they anchored near Cape Cod which was far north of their intended destination at the mouth of the Hudson River. They called their new home Plymouth and began the process of building a town. During the harsh winter, most of the colonists remained on the ship where they suffered from many afflictions. Only half of the original passengers lived to see the next spring. In March, they moved ashore and met a Native American named Squanto. The Pilgrims had been weakened by malnutrition and illness. Squanto taught them how to cultivate corn, extract sap from maple trees, catch fish in the rivers and avoid poisonous plants. In November 1621, the Pilgrims first corn harvest proved successful. Governor William Bradford organized a celebratory feast. The colonists and Indians celebrated for three days in what is now recognized as the "First Thanksgiving."

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.

Saturday, November 17, 2018

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

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

Highlights: (compared to October 2017)

Forsyth County
Infographic - https://create.piktochart.com/output/34215466-400n-10_2018-forsyth
Total single family home sales: 298 (7.5% decrease)
Median sales price: $341,000 (1.8% increase)
Average sales price: $383,000 (5.2% increase)
Total active listings: 1,316 (0.2% decrease)
New listings: 360 (0.3% decrease)
Month’s Supply: 3.5 (1.0% decrease)

Dawson County
Infographic - https://create.piktochart.com/output/34215802-400n-10_2018-dawson
Total single family home sales: 43 (2.3% decrease)
Median sales price: $269,000 (18.5% increase)
Average sales price: $341,000 (14.0% increase)
Total active listings: 227 (4.6% increase)
New listings: 44 (0.0% change)
Month’s Supply: 4.8 (4.5% decrease)

Lumpkin County
Infographic - https://create.piktochart.com/output/34215979-400n-10_2018-lumpkin
Total single family home sales: 33 (2.9% decrease)
Median sales price: $210,000 (9.9% increase)
Average sales price: $214,000 (12.6% increase)
Total active listings: 152 (10.1% increase)
New listings: 43 (79.2% increase)
Month’s Supply: 4.5 (7.7% increase)

Johnson Creek @ Lake Lanier

Thursday, November 15, 2018

How Much Home Could You Afford Around The World?

How Much Home Could You Afford Around The World? | https://t.co/tIIEeS5Rf7 https://t.co/8wJ4EphWPz pic.twitter.com/guirEJGceT
— Arthur Prescott (@arthurprescott) November 15, 2018

Highlights From Our Fall 2018 Prestige Magazine

https://t.co/SAfUr54bH5
— Arthur Prescott (@arthurprescott) November 14, 2018

Sunday, November 11, 2018

Growing an Inspired Company: Berkshire Hathaway HomeServices Georgia Properties

Growing an Inspired Company: Berkshire Hathaway HomeServices Georgia Properties

Having battled through the new-homes collapse during the recession, Atlanta-based Berkshire Hathaway HomeServices Georgia Properties now stands as the area’s premier provider of residential real estate services. Thanks to a series of strategic moves—including tapping into the power of a world-renowned brand—CEO Dan Forsman has led the firm and its agents to a position of strength, and readied it for future growth.

Click Here To Read The Full Story

Monday, November 05, 2018

Arthur Prescott - Your Certified Residential Specialist - CRS - Serving Lake Lanier And Surrounding Counties!

Arthur Prescott - Your Certified Residential Specialist - CRS - Serving Lake Lanier And Surrounding Counties!

Whether buying or selling a home, the real estate market can be daunting! You need someone you can trust to take the guesswork out of things and make sure everything runs smoothly. As your local CRS, we're here to help!

Pages