Lake Sidney Lanier Homes Blog

Friday, December 28, 2018

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

The numbers are in for Lake Lanier home sales for the month of November 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: 28

The highest home price sale was $1,400,000

The lowest home price sale was $199,001

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

The average build date was 1988

The average original list price was $628,296

The average list price after price adjustments was $619,361

The average sales price was $593,620

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

Average total days on market was 55

Lake Lanier Home Sales Analysis November 2018 from Arthur Prescott

Lake Lanier Waterfront Home Sales Listings November 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, December 21, 2018

Georgia Housing Market Snapshot For November 2018

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

Key indicators for the Georgia housing market for November are in. New listings have increased, pending sales dipped and inventory levels rose slightly.

New Listings increased 2.9 percent to 11,438.
Pending Sales were down 2.3 percent to 8,630.
Inventory levels grew 1.4 percent to 36,362 units.
The Median Sales Price increased 8 percent to $215,000.
Days on Market was down 7 percent to 53 days.
Months Supply of Inventory was down 2.9 percent to 3 months.

Georgia's housing market remains relatively affordable compared to other markets across the U.S. Please click below to view the full report for November.

Georgia Housing Market Snapshot For November 2018 from Arthur Prescott

Thursday, December 20, 2018

Lake Sidney Lanier Homes And Arthur Prescott - Buying & Selling Lake Lanier Homes For Our Clients Since 2001! Throwback!

Lake Sidney Lanier Homes And Arthur Prescott - Buying & Selling Lake Lanier Homes For Our Clients Since 2001! Throwback!

Today, as part of our throwback series we are highlighting this waterfront property located at 8960 Fields Way in Gainesville, Georgia. We assisted our client in buying this home in June of 2004! This was a really cute lake home with the Corps' Line very near the waterfront. There was a single-slip dock in place. This was a three bedroom, two and a half bath home on a full finished basement. It had a huge wall of windows across the back of the home and a very large deck! Total square footage was about 2,192, so it wasn't an enormous home. It also had one of the steepest, switch-back driveways that I have ever encountered on Lake Lanier! However, it was located on a street of very luxurious, high-end lake homes, and it had good water and very nice views. All in all, this was a great buy at $480,000! Here are a few photos of the property from 2004.

8960 Fields Way in Gainesville, Georgia

Wednesday, December 19, 2018

Berkshire Hathaway HomeServices Georgia Properties Real Estate Advisor – December 2018

Berkshire Hathaway HomeServices Georgia Properties Real Estate Advisor – December 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!

Click here for a comprehensive market report for Greater Metro Atlanta and North Georgia through November 2018. The report includes National Trends, the Greater Metro Atlanta Real Estate Report plus Housing and Economic Drivers for Georgia.

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.
Visit Prosperity Home Mortgage to meet one of our Mortgage Consultants. Ask about the Prosperity Buyer Advantage and our 7-Day Close program.
Contact us to learn more about your local trends. We can also provide you our exclusive Buyer Market Analysis that shows real-time buyers looking for a home like yours!

Berkshire Hathaway HomeServices Georgia Properties is the official launch partner for Zillow 3D Home Tours in Metro Atlanta and North Georgia. Zillow 3D Home Tours help listings get the highest priority when consumer search the #1 real estate website in the world. If you know anyone who is considering listing their home, we can help them reach more buyers!

See the power outage checklist and car checklist to help you get prepared. Experts are predicting a colder than normal winter for our area this year. We want you to be ready and safe!

We wish you and your loved ones a Merry Christmas, Happy Hanukkah and Happy Holiday. Enjoy time with your family and friends and be safe during the holiday season. This is a special time of year and we thank all our clients for their trust. 2018 has been a very good year for our clients and the outlook for 2019 is very positive.

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, December 17, 2018

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

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

Highlights: (compared to November 2017)

Forsyth County
Infographic - https://create.piktochart.com/output/35007218-400n-11_2018-forsyth
Total single family home sales: 286 (12.5% decrease)
Median sales price: $345,000 (0.0% change)
Average sales price: $367,000 (0.5% decrease)
Total active listings: 1,241 (0.9% increase)
New listings: 277 (3.5% decrease)
Month’s Supply: 3.3 (0.9% increase)

Dawson County
Infographic - https://create.piktochart.com/output/35007334-400n-11_2018-dawson
Total single family home sales: 44 (10.2% decrease)
Median sales price: $318,000 (38.3% increase)
Average sales price: $378,000 (39.0% increase)
Total active listings: 200 (1.0% decrease)
New listings: 40 (33.3% increase)
Month’s Supply: 4.3 (6.7% decrease)

Lumpkin County
Infographic - https://create.piktochart.com/output/35007430-400n-11_2018-lumpkin
Total single family home sales: 27 (25.0% decrease)
Median sales price: $212,000 (9.8% increase)
Average sales price: $236,000 (14.6% increase)
Total active listings: 157 (20.8% increase)
New listings: 34 (6.3% increase)
Month’s Supply: 4.8 (21.1% increase)

Beautiful scenery along the Chestatee River @ Lake Lanier

Thursday, December 13, 2018

We Are One Of The Lucky Few To Experience A Guided Tour Of The Buford Dam Power House At Lake Lanier!

Many thanks to Nick Baggett with the United States Army Corps of Engineers office at Buford Dam! Mr. Baggett set up a full tour of the Power House facility at Buford Dam. The Corps of Engineers does very few tours of this facility, and I must say that this one was a very special treat. For security reasons, photos are not allowed to be taken at most of the facility, but we were allowed to take a few photos from the observation deck on top facing the lake and from the river observation area facing downstream into the Chattahoochee River.

View of West Bank Park from Buford Dam @ Lake Lanier.

View from the lower level of Power House down the Chattahoochee River as water exits the dam.

View of West Bank Park from Buford Dam @ Lake Lanier.

The Lake Lanier Buford Dam Power House was built in the early 1950s when Lake Lanier was initially constructed. It was truly fascinating to go through the entire facility and see the remarkable construction and craftsmanship that went into building the dam and Power House. I saw lots of working equipment with familiar names like General Electric and Westinghouse. Items that were still in use, clean, well-kept and almost perfectly conditioned as they likely were at installation time in the 1950s! Large-scale items designed to lift heavy equipment were observed in many areas of the facility. It was a bit of a walk back in time. We toured many of the floors of the powerhouse as well as walking through damp tunnels surrounded by stone and traveling up an old, small elevator as we ascended from floor to floor. Once again, just a fascinating tour, almost like walking back into a time capsule. However, despite its age, the Power House is functioning quite well today, and it provides power that is used in many of the surrounding counties and communities. A testament to the longevity and the quality of what Americans can build! From the 1950s until today and still operating quite well!

After touring the Power House, we were taken to the United States Army Corps of Engineers office at Lake Lanier. Once we arrived at the office, we got a chance to meet some of the staffers in the Parks and Recreation Division as well as in the Shoreline Management Division. As you would expect, many agents had lots of questions for the folks over in Shoreline Management. As always, everyone in the Corps' office was helpful and very knowledgeable about answering our questions. They urged us to make sure that all of our clients reach out to the Shoreline Management Division when considering the purchase of a waterfront property that has a dock permit. This process can be initiated via email or via a phone call to the Shoreline Management Division. It's a great way for clients that are new to Lake Lanier to understand the permitting process, what they will need to do in order to put the dock permit in their name, and to make sure that the permit is in good order and free of current violations.

Again, I really want to thank Nick for treating us as a special group and providing us access to a facility that very few people are ever allowed to see. What an enjoyable and educational day! Here are a few more photos from the trip!

View from the lower level of Power House down the Chattahoochee River as water exits the dam.

Tuesday, December 11, 2018

Lake Sidney Lanier Homes And Arthur Prescott - Buying & Selling Lake Lanier Homes For Our Clients Since 2001! Throwback!

Lake Sidney Lanier Homes And Arthur Prescott - Buying & Selling Lake Lanier Homes For Our Clients Since 2001! Throwback!

Today, as part of our throwback series we are highlighting this waterfront property located at 6902 Dee Lane in Murrayville, Georgia. We assisted our clients in selling this home in December of 2003! This was a four bedroom, three and one-half bath home on a full finished basement. Estimated at about 5,541 square feet, built in 2002 on a 0.59 acre, waterfront lot with a double-slip dock and party deck. The home was virtually new at the time that we listed it, and really was an incredible opportunity! The closing price of this sale was $487,000. By today's standards, that would be an insane bargain for a virtually new home, on great water, with a double-slip dock! This was a solid buy in 2003, and it would be an incredible bargain today!

Lake Lanier waterfront home sold by Arthur Prescott - Lake Sidney Lanier Homes 2003

Thursday, December 06, 2018

Lake Sidney Lanier Homes And Arthur Prescott - Buying & Selling Lake Lanier Homes For Our Clients Since 2001! Throwback!

Lake Sidney Lanier Homes And Arthur Prescott - Buying & Selling Lake Lanier Homes For Our Clients Since 2001!

Just recently, I thought about how much fun it would be to look back at some of the homes that we've assisted our clients in buying and selling on Lake Lanier. After all, we've been effectively representing our buy-side and sell-side clients with their real estate on Lake Lanier since 2001.

Today, I thought that I should start a little throwback series that would highlight some of these properties. For example, this gem located at 3390 Small Woods Lane in Gainesville, Georgia.

We assisted our buy-side client in purchasing this home in February of 2004. This was a three bedroom, three and one-half bath home on a full finished basement. Estimated at about 5,343 square feet, built in 1994 on a 1.2-acre, waterfront lot with a dock and party deck. The closing price for this purchase was $525,000. Look at this amazing view! What would you pay for this today?! Investing in Lake Lanier is a good thing! (-:

Tuesday, December 04, 2018

Just Sold By Arthur Prescott & Mike Liberatore Of The Lake Sidney Lanier Homes Team! This Lake Lanier Waterfront Home Was A Builder's Own Custom, Luxury Lake Home At 119 Winterhawk Cove On Thompson Creek!

Just Sold by Arthur Prescott & Mike Liberatore of the Lake Sidney Lanier Homes Team! This Lake Lanier Waterfront Home Was A Builder's Own Custom, Luxury Lake Home At 119 Winterhawk Cove On Thompson Creek!

Property Description

Step inside this Lake Lanier waterfront home and you'll be stunned at what you find! This property is an absolute must-see home! True builder quality and attention to detail with all of the features and comforts that you could ever want in a Lake Lanier property!

Luxury Lake Lanier waterfront home on the deep water of scenic Thompson Creek! Meticulously built in 2006 with the finest materials & attention to detail! Four large bedrooms, four full baths, two nicely appointed kitchens, hardwood floors, tongue & groove ceilings, quartz counters, tumble stone backsplash, and two custom-built stone fireplaces that are absolutely stunning! Other interior features include a huge bonus room/office, finished terrace level, oversized two car garage with a third boat garage/workshop below on the terrace level. There are plenty of additional rooms to use as bedrooms, an office, gym, and more! Exterior features include a gated entry, a new outbuilding, a gently sloped lot, easy access to a double-slip dock with party deck that has new flotation, electric power, and rip-rapped shoreline! This home is so perfect and is a must see home if you are shopping for a high-quality luxury lake home in the $700,000 to $800,000 price range! It was built by the current owner, who is a builder and created this lovely property as his own luxury residence.

Sale Price: $745,000

Click Here For The Full Sales Details Of 119 Winterhawk Cove!

Click Here For All Of The Beautiful Photos Of 119 Winterhawk Cove!

Aerial view 119 Winterhawk Cove, Dawsonville, GA

Front view 119 Winterhawk Cove, Dawsonville, GA

Lake view 119 Winterhawk Cove, Dawsonville, GA

Double-slip dock with party deck 119 Winterhawk Cove, Dawsonville, GA

Terrace level patio 119 Winterhawk Cove, Dawsonville, GA

Rear porch 119 Winterhawk Cove, Dawsonville, GA

Rear Porch 119 Winterhawk Cove, Dawsonville, GA

Great Room View with stunning custom-built fireplace 119 Winterhawk Cove, Dawsonville, GA

Front Entry 119 Winterhawk Cove, Dawsonville, GA

Guest bedroom on main level 119 Winterhawk Cove, Dawsonville, GA

Dining room 119 Winterhawk Cove, Dawsonville, GA

Great room 119 Winterhawk Cove, Dawsonville, GA

Main level kitchen 119 Winterhawk Cove, Dawsonville, GA

Master bedroom 119 Winterhawk Cove, Dawsonville, GA

Click Here For Beautiful Photos Of The Terrace Level And More Of 119 Winterhawk Cove!

Congratulations to our sellers! And congratulations to the new home owners on their purchase of this incredible Lake Lanier home! Many thanks to Debra Rider of Keller Williams Realty Atlanta Partners for her expert representation of the buyers in this sale!

Saturday, December 01, 2018

Just Sold! Eric White Of The Lake Sidney Lanier Homes Team Delivers Another Stunning, Newly Constructed Home To Our Latest Lake Lanier, Buy-Side Clients!

6540 Beacon Station Drive - Located In St. Michael's Bay On Lake Lanier

Our clients from North Carolina needed an updated home with all of the amenities and features found only in today's most modern homes. They wanted to be in a beautiful home with a relaxing setting on Lake Lanier, or very close to Lanier. Additionally, weekday work commute time was a factor, so we needed to shift our search to homes mainly on the south end of the lake.

After looking at numerous resale homes throughout the area, our clients made the decision to have a new home constructed in the gated, resort community of St. Michael's Bay On Lake Lanier! St. Michael's Bay offers everything that many Lake Lanier residents desire, including the option to build through Peachtree Residential Builders.

St. Michaels Bay wants you to "Live Life In Full Gear." Swim gear. Tennis gear. Boating gear. Hiking gear. You're going to need it all when you move into your new home at St. Michaels Bay. This never-a-dull-moment neighborhood combines stunning Peachtree-tailored homes and amenities to the max. There's no better place for active families to keep their lives in motion!

The Gorgeous New Great Room At 6540 Beacon Station Drive - Located In St. Michael's Bay On Lake Lanier

The Beautiful New Kitchen 6540 Beacon Station Drive - Located In St. Michael's Bay On Lake Lanier

Eric was able to direct our clients through the new home construction process and monitor the action on the ground as our clients continued to live in North Carolina until construction was complete.

Congratulations to our clients on their fabulous new home! We are certain that they've made an excellent choice and a smart investment! We can't wait for them to kick back and enjoy all of the aspects of this wonderful lakeside community and location!

Click Here For Homes Currently Listed For Sale In St. Michael's Bay!

Please contact us if you are considering a move to the Lake Lanier area. Our team of Lake Lanier real estate experts can help you find the perfect home. As Lake Lanier homeowners and enthusiasts, we specialize in the Lake Lanier lifestyle!

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.

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Tuesday, December 11, 2018

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Tuesday, December 04, 2018

Saturday, December 01, 2018