Wednesday, August 21, 2024

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.

Tuesday, August 13, 2024

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.

Monday, August 12, 2024

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!


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.

Wednesday, August 07, 2024

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.

Wednesday, July 31, 2024

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!


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.

Tuesday, July 30, 2024

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.

Friday, July 26, 2024

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.

Sunday, July 14, 2024

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.

Monday, July 08, 2024

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

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


The numbers are in for Lake Lanier home sales for May 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:  25  

The highest home sale price was $2,363,500

The lowest home sale price was $265,000

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

The average original list price was $1,035,904

The average list price after price adjustments was $1,022,672

The average sales price was $998,036

The sales price versus list price ratio came in at 98%

The average total days on the market was 67


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.

Thursday, June 27, 2024

Luxury Real Estate Trends in Georgia


Luxury buyers in Georgia seek more than just a home—they desire an elevated lifestyle, an experience, a sanctuary that reflects their success and sophistication. The current trends in Georgia's luxury market reflect this pursuit of excellence, combining cutting-edge design with timeless elegance. Let us delve into the most coveted features and trends shaping the desires of today’s elite buyers.

Exquisite Architectural Design - Luxury buyers are gravitating towards homes that embody architectural brilliance. From stately Georgian and colonial revivals to sleek, modern masterpieces, the focus is on bespoke design that stands out. High ceilings, grand foyers, and expansive windows that offer panoramic views are in high demand. Custom-built properties with unique architectural elements not only provide aesthetic pleasure but also enhance the exclusivity and prestige of the residence.

Smart Home Integration - In today’s fast-paced world, technology plays a crucial role in luxury living. Smart home integration is no longer a luxury but a necessity. Georgia’s high-end homes are equipped with state-of-the-art automation systems that control lighting, climate, security, and entertainment with a touch of a button or a simple voice command. Buyers seek homes that offer seamless connectivity and advanced security features, ensuring convenience and peace of mind.

Opulent Outdoor Spaces - Luxury extends beyond the interiors, with outdoor spaces becoming as lavish as their indoor counterparts. Buyers desire expansive, meticulously landscaped grounds featuring infinity pools, outdoor kitchens, and living areas complete with fireplaces and plush seating. These outdoor sanctuaries are designed for both relaxation and entertaining, providing a private retreat that enhances the overall living experience.

Wellness and Fitness Amenities - Health and wellness have become paramount, and luxury homes are now incorporating dedicated wellness spaces. Buyers look for properties that offer private gyms, yoga studios, and spa facilities, including saunas and steam rooms. These amenities are not just about fitness; they reflect a holistic approach to well-being, catering to the physical and mental health needs of residents.

Gourmet Kitchens and Wine Cellars - The heart of the home in luxury properties is undoubtedly the kitchen. Gourmet kitchens equipped with top-of-the-line appliances, custom cabinetry, and large islands for entertaining are a must-have. Additionally, wine cellars and tasting rooms are increasingly popular, offering a sophisticated space to store and savor fine vintages. These features are essential for buyers who appreciate culinary excellence and the art of entertaining.

Sustainable Luxury - Eco-consciousness is at the forefront of luxury real estate trends. Buyers are increasingly interested in homes that offer sustainable living without compromising on style and comfort. Features such as energy-efficient appliances, solar panels, and sustainable building materials are highly desirable. Properties that blend luxury with environmental responsibility appeal to the modern buyer who values both elegance and sustainability.

Personalized Spaces - Today’s luxury buyers seek homes that reflect their personal style and cater to their unique needs. This includes everything from custom libraries and home theaters to bespoke dressing rooms and private offices. Personalization extends to every aspect of the home, ensuring that each space is tailored to the owner’s lifestyle and preferences.

Prime Locations - Location remains a cornerstone of luxury real estate. In Georgia, affluent buyers are drawn to prestigious neighborhoods that offer both privacy and proximity to cultural and social amenities. Areas like Buckhead in Atlanta, with its upscale dining, shopping, and top-rated schools, are highly sought after. Additionally, properties with breathtaking views, whether of the city skyline or serene natural landscapes, command premium prices.

In Georgia’s luxury real estate market, the pursuit of the perfect home is an art form, where every detail is crafted to meet the highest standards of excellence. From architectural grandeur and smart home technology to opulent outdoor spaces and sustainable features, today’s luxury buyers seek homes that offer an unparalleled living experience. As the market evolves, staying attuned to these trends ensures that each property not only meets but exceeds the expectations of the most discerning clientele.

For those seeking to elevate their living and invest in a home that epitomizes luxury, Georgia offers a wealth of opportunities. Let us guide you through this exquisite journey, where your dream home awaits.

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 at Arthur.Prescott@BHHSGeorgia.com.