A Few Photos From Today's Home Showing At Summer Crest On Lanier!

A Few Photos From Today's Home Showing On Lake Lanier!

We visited Summer Crest On Lanier.  This is a brand new enclave of six estate size lots with one home just about finished by Gainesville home builder, Tim Whitmire of Whitmire homes.  A stunning home with great views!  Here a few photos from our visit.  Location along Wahoo Creek.

Community Slips At Summer Crest On Lake Lanier!

Beautiful views of Wahoo Creek On Lake Lanier!

Large, luxury, new construction home by Whitmire Homes in Gainesville!

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.

Start Your New Year With This Luxurious Lake Lanier Waterfront Lot In Cloister Cove!

Start Your New Year With This Luxurious Lake Lanier Waterfront Lot In Cloister Cove!

Approximately 0.59 acres with 121 feet of shoreline on a scenic deep water cove near Chestatee Bay. Includes a premium, aluminum single-slip dock with party deck in place. This excellent build site provides fabulous lake views, close proximity to the water with easy, level access. Private entry with custom stone wall extends along the road frontage for a completely upscale look. Located in a small enclave of very luxurious, Lake Lanier homes. Purchase now & build later! Excellent Forsyth County location and setting!

Lake Lanier Waterfront Lot For Sale In Prestigious Cloister Cove!

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.

December 2017 Real Estate Market Report For Forsyth, Dawson & Lumpkin Counties!

December 2017 Real Estate Market Report For Forsyth, Dawson & Lumpkin Counties!  All data is courtesy of the 400 North Association of REALTORS®.

Highlights: (compared to December 2016)


Forsyth County
Infographic - https://create.piktochart.com/output/27272133-400n-12_2017-forsyth
Total single family home sales: 339 (2.6% decrease)
Median sales price: $334,000 (0.3% decrease)
Average sales price: $362,000 (1.1% increase)
Total active listings: 1,114 (11.0% decrease)
New listings: 213 (1.9% increase)
Month’s Supply: 3.0 (7.6% decrease)


Dawson County
Infographic - https://create.piktochart.com/output/27272035-400n-12_2017-dawson
Total single family home sales: 34 (12.8% decrease)
Median sales price: $214,000 (2.7% decrease)
Average sales price: $247,000 (15.7% decrease)
Total active listings: 198 (25.3% decrease)
New listings: 31 (6.9% increase)
Month’s Supply: 4.6 (25.6% decrease)


Lumpkin County
Infographic - https://create.piktochart.com/output/27267436-400n-12_2017-lumpkin
Total single family home sales: 25 (30.6% decrease)
Median sales price: $198,000 (12.5% increase)
Average sales price: $265,000 (31.8% increase)
Total active listings: 135 (20.1% decrease)
New listings: 23 (43.8% increase)
Month’s Supply: 4.2 (25.8% decrease)

A snowy day in January near Buford Dam at 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.

Historic Count Of Active Lake Lanier Waterfront Home Listings Shows Incredibly Low Inventory Of Homes For Sale!

Historic Count Of Active Lake Lanier Waterfront Home Listings Shows Incredibly Low Inventory Of Homes For Sale!

Based on information provided by FMLS, the Lake Lanier, waterfront home listing inventory is lower than it has been in the last five years!  If you are an active buyer, looking for your spot on the lake, you likely are experiencing a tough time finding a home that works.  Alternatively, if you are considering selling your home, you could be looking at a strong market with the least amount of competition from other lake homes that are for sale. This makes conditions for quick sales and multiple offers on strong properties a real possibility.  Check out all of the data on our SlideShare presented below!

Historic Count Of Active Lake Lanier Waterfront Home Listings from Arthur Prescott

Lake Lanier sunset on Lathem Creek in Gainesville

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.

Historic Price Trend Of Lake Lanier Waterfront Homes For 2008 - 2017

Historic Price Trend Of Lake Lanier Waterfront Homes For 2008-2017.

Historic Sales Price Trend Lake Lanier Waterfront Homes 2008-2017 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.

November 2017 Real Estate Market Report For Forsyth, Dawson, And Lumpkin Counties!

Highlights: (compared to November 2016)


Forsyth County
Infographic - https://create.piktochart.com/output/26864639-400n-11_2017-forsyth
Total single family home sales: 298 (2.0% decrease)
Median sales price: $345,000 (9.9% increase)
Average sales price: $369,000 (12.2% increase)
Total active listings: 1,230 (7.0% decrease)
New listings: 287 (23.2% increase)
Month’s Supply: 3.3 (3.4% decrease)


Dawson County
Infographic - https://create.piktochart.com/output/26864730-400n-11_2017-dawson
Total single family home sales: 47 (34.3% increase)
Median sales price: $237,000 (13.9% increase)
Average sales price: $275,000 (11.8% increase)
Total active listings: 202 (24.6% decrease)
New listings: 30 (0.0% change)
Month’s Supply: 4.6 (26.1% decrease)


Lumpkin County
Infographic - https://create.piktochart.com/output/26865163-400n-11_2017-lumpkin
Total single family home sales: 32 (3.0% decrease)
Median sales price: $193,000 (10.3% increase)
Average sales price: $207,000 (5.6% increase)
Total active listings: 130 (25.7% decrease)
New listings: 32 (39.1% increase)
Month’s Supply: 4.0 (34.9% decrease)

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.

Berkshire Hathaway HomeServices Georgia Properties Real Estate Advisor For December 2017

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 Metro Atlanta through November 2017.

• Metro Atlanta real estate is the tale of three different markets. The entry-level market has strong demand and very low inventory. There are many multiple offers and values are rising faster than other segments. The middle market is showing normal signs of supply and demand. The luxury market remains a buyer’s market with buyers negotiating better pricing and terms.
• November pendings were down 9.3% from last month and up 16.8% from the prior year. November closings were down 11.8% from September and up 3.4% from the prior year.
• Year-to-date pended sales units through November were up 5% versus last year. Year-to-date closed units were up 3.8%. Year-to-date closed sales volume was up 9.3%.
• The average sales price for November was $289,000 – flat from last month and up 4.7% from last year. 2017 is on track to be the highest average sales price on record.
• Listed inventory for November was down 6.2% from last month and down 9.8% from last year.
• Overall months of supply for November was 3.5 months. Six months is considered normal. Luxury properties are taking longer with homes above $1 million averaging 15 months and properties over $2 million averaging 27.5 months to close. These numbers indicate a seller’s market under $500,000 and a buyer’s market over $1 million.
• The latest Case-Shiller Index for Atlanta (11/28/17) was up .16% (statistically flat) compared to the previous month. Metro Atlanta home values are up 69% from the bottom of March 2012. Increased home values are building equity and getting sellers back into the market.
• Visit HomeServices Lending for the latest mortgage rates. Ask about our Second Opinion program with $100 gift card for a free look. Over 84% of clients who tried the Second Opinion Program closed their loan with HomeServices Lending - because they found a better deal!

Click here for a more detailed set of charts including the National Real Estate Market, Metro Atlanta Real Estate Market and Trends for Georgia Real Estate.

 

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 any properties in the country. You can also model changes to see the impact on the estimated value. Check out your latest estimate!

We can provide you the most accurate value estimate since we have access to proprietary information sources and local details. Contact us for more information.

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 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. 2017 has been a very good year for our clients and the outlook for 2018 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.

Lake Lanier Waterfront Home Sales For November 2017! Let's Check The Sales Trends!

Lake Lanier Waterfront Home Sales For November 2017! Let's Check The Sales Trends!



The numbers are in for Lake Lanier home sales for the month of November 2017! 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:  18

The highest home price sale was $1,040,213

The lowest home price sale was $245,000

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

The average build date was 1988

The average original list price was $555,250

The average list price after price adjustments was $537,578

Average sales price was $512,512

Sales price vs original list price ratio came in at 92.74 %

Average total days on market was 110

Lake Lanier Waterfront Home Sales Analysis November 2017 from Arthur Prescott

Lake Lanier Waterfront Home Sales Listings November 2017 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.

Boundary Line Markings Of Public Land At Lake Lanier! Understanding Where The Private Property Ends And The Public Land Begins!

Boundary Line Markings Of Public Land At Lake Lanier!  Understanding Where The Private Property Ends And The Public Land Begins!

One of the biggest factors in understanding waterfront property at Lake Lanier is understanding and identifying property lines and boundaries when walking the property. There's a learning curve and some education that is required in order to understand where the private property ends and the public lands begin. This boundary is commonly known as the Corps Line.  Our friends over at the U.S. Army Corps Of Engineers have put together this handy guide for understanding boundary markers on the public land. Take a look at the slides below and keep these tips in mind when walking Lake Lanier property. Learn to keep your eyes wide open when you approach markers of this type, and understand what each marker means. This will help you in understanding the private, waterfront property that you are evaluating and how it abuts the U.S. Army Corps of Engineers land.

Boundary Line Markings Of Public Land At Lake Lanier 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.

Average Lake Lanier Home Prices 2007-2017 Charted! Let's Check The Sales Trends!

Average Lake Lanier Home Prices 2007-2017 Charted!

As you can see from the chart below, average Lake Lanier home prices are trending in the right direction.  However, we have yet to overtake the highs of 2007.

Average Lake Lanier Home Prices 2007-2017 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.