Lake Lanier Waterfront Homes For Sale With Docks - Your Neighborhood Report!

Lake Lanier Waterfront Homes For Sale With Docks -  Your Neighborhood Report!  Click here to find out what the most recent Lake Lanier Waterfront Homes With Docks are selling for, median sales prices, average days on the market, area information, and more!

Click Here For All Of The Details

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 twenty years of Lake Lanier real estate experience. If you would like to schedule a free buyer or seller consultation, please contact us at www.LakeSidneyLanierHomes.com or 770-844-8484 or email us at Arthur.Prescott@BHHSGeorgia.com.

Interest Rates and Affordability Shape Georgia's Housing Market

The Georgia real estate market continues to evolve, with inventory, interest rates, and affordability playing a pivotal role in shaping the landscape for both buyers and sellers. As we dive into the heart of summer 2024, let's examine the latest trends.

Inventory: Still a Seller's Market, but with a Twist

While Georgia's real estate market remains predominantly seller-driven, there are signs of a subtle shift. Inventory levels have shown a modest increase compared to earlier in the year. This uptick, though gradual, offers a glimmer of hope for buyers facing fierce competition. However, it's important to note that inventory is still relatively tight in many areas, particularly in high-demand neighborhoods.

Interest Rates: Offer a Breath of Fresh Air

Interest rates have exhibited a rollercoaster-like behavior in recent months. Georgia homebuyers are catching a break as mortgage rates plunge to their lowest point in over a year. This significant decline is a welcome relief for those who have been sidelined by rising costs. The decrease in interest rates is expected to boost affordability and potentially reignite buyer interest in the housing market. While rates are still higher than historical lows, this downward trend is a positive sign for potential homebuyers.

Affordability: A Critical Factor in Homeownership

Affordability remains a primary concern for many potential homebuyers. The combination of rising home prices and interest rates has squeezed budgets. Nevertheless, factors such as income growth and job creation can influence affordability. There are variations across different regions of Georgia, with some areas offering more attainable options than others. This means buyers may need to adjust their expectations or explore less competitive markets to find affordable options. For first-time homebuyers, government assistance programs and creative financing options are valuable resources. Consulting with your Forever Agent helps to navigate the complexities of the market and identify potential opportunities.

What Does This Mean for You?

Whether you're a buyer or seller, understanding the current market dynamics is crucial. For buyers, patience and perseverance may be key as you navigate the competitive landscape. Consider expanding your search area or exploring different property types to increase your chances of finding the right home. For sellers, while the market may not be as frenzied as it once was, there's still strong demand in many areas. Pricing your home competitively and presenting it well can help attract qualified buyers. It's essential to consult with your Forever Agent to get the most accurate and up-to-date information about your specific market. Stay informed, be prepared, and make informed decisions as you navigate Georgia's evolving real estate landscape.

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 twenty years of Lake Lanier real estate experience. If you would like to schedule a free buyer or seller consultation, please contact us at www.LakeSidneyLanierHomes.com or 770-844-8484 or email us at Arthur.Prescott@BHHSGeorgia.com.

July Housing Indicators For Georgia - Courtesy Of Georgia Association of REALTORS®

July Housing Indicators For Georgia - Courtesy Of Georgia Association of REALTORS®

New Listings and Closed Sales showed a moderate increase year-over-year, while Pending Sales showed a decrease. Median and Average Sales Prices saw modest growth and YoY inventory levels saw significant gains in July with around 12,000 more in 2024 than in 2023.

• New Listings increased 15 percent to 17,253
• Pending Sales decreased six percent to 10,145
• Closed Sales increased seven percent to 11,398
• Days on Market increased 18 percent to 39 days
• The Median Sales Price increased one percent to $365,000
• The Average Sales Price increased four percent to $446,629
• Inventory levels increased 49 percent to 36,882 units
• Months Supply of Inventory was up to 3.7 months

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 twenty years of Lake Lanier real estate experience. If you would like to schedule a free buyer or seller consultation, please contact us directly at www.LakeSidneyLanierHomes.com or 770-844-8484 or email us at Arthur.Prescott@BHHSGeorgia.com.

8 Questions To Shed Light On Realtor Compensation Post NAR Settlement

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 twenty years of Lake Lanier real estate experience. If you would like to schedule a free buyer or seller consultation, please contact us directly at www.LakeSidneyLanierHomes.com or 770-844-8484 or email us at Arthur.Prescott@BHHSGeorgia.com.

Lake Lanier Waterfront Homes For Sale With Docks - Your Neighborhood Report!

Lake Lanier Waterfront Homes For Sale With Docks -  Your Neighborhood Report!  Click here to find out what the most recent Lake Lanier Waterfront Homes With Docks are selling for, median sales prices, average days on the market, area information, and more!

Click Here For All Of The Details

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 twenty 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.

What The NAR Settlement Means For Home Buyers And Sellers

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 twenty 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.

Lake Lanier Waterfront Homes With Docks - Your Neighborhood Report!

Lake Lanier Waterfront Homes With Docks -  Your Neighborhood Report!  Click here to find out what the most recent Lake Lanier Waterfront Homes With Docks are selling for, median sales prices, average days on the market, area information, and more!

Click Here For All Of The Details

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 twenty 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.

Is Home Value Appreciation Right For You? Here's Our National 2024 Q2 Market Update!

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 twenty 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.

Lake Lanier Waterfront Home Sales For June 2024! Let's Check Sales Trends!

Lake Lanier Waterfront Home Sales For June 2024!  Let's Check Sales Trends!

The numbers are in for Lake Lanier home sales for June 2024! Here is a brief recap of the home sales reported in our comparative market analysis, which we will provide via SlideShare later in this article.

Lake Lanier waterfront homes sold:  28  

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

The lowest home sale price was $299,000

The average home sold had four bedrooms, three bathrooms, and no half-bathrooms

The average original list price was $1,147,859

The average list price after price adjustments was $1,130,226

The average sales price was $1,097,938

The sales price versus list price ratio came in at 97.5%

The average total days on the market was 46

Our market analysis is generated 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 water frontage or lake frontage in the First Multiple Listing Service

Property Category: Our analysis includes only residential detached homes as categorized in 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 twenty 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.

Building Wealth Though Home Ownership

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 twenty 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.