Lake Sidney Lanier Homes Blog

Friday, October 19, 2018

U.S. Army Corps Of Engineers Lake Sidney Lanier Fact Sheet

Many thanks to Mr. Nick Baggett with the U.S. Army Corps Of Engineers at Lake Lanier for his informative presentation at our weekly business meeting this past Tuesday at Berkshire Hathaway HomeServices Georgia Properties!

One of the most valuable and informative takeaways from this meeting was the following U.S. Army Corps Of Engineers Lake Sidney Lanier Fact Sheet that Nick shared with us. Check out this one sheet of informative information regarding Lake Lanier. This is a great summary for newcomers to Lake Lanier as it provides lots of valuable information regarding the lake!

USACE Lake Sidney Lanier Fact Sheet 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.

Wednesday, October 17, 2018

Berkshire Hathaway HomeServices Georgia Properties Real Estate Advisor – October 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 September 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.
September Pending Contracts were down 13.6% from August and up 7.3% from the prior year. September Closings were down 20.4% from last month and down 8.7% from the prior year.
Year-to-Date Pended Sales units were up 1.4% versus the prior year. Year-to-Date Closings were up 1.2% versus the prior year.
The Average Sales Price for September was $304,000 – down 2% from last month and up 7.4% from last year. 2018 is on track to be the highest annual ASP on record.
Inventory for September was up 1.7% from last month and flat compared to last year.
New Listings in September were up 11% versus last year and up 3% year-to-date.
Overall Months of Supply for August was 3.6 months. Six months is considered normal. Luxury properties took longer with homes above $1 million averaging 17 months and properties over $2 million averaging over 27 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 (9/25/18) was up .58% 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.

Our next MEGA Open House Event is Sunday, October 21st from 2pm – 5pm. There will be hundreds of beautiful open houses available and one lucky sweepstakes winner will get a cool Amazon Alexa Prize Package.

MEGA Open House Events are a very effective component of our Advanced Property Marketing for our seller clients. We run extensive open house ads on Zillow plus Facebook, Instagram, Google and WAZE to generate interest from potential buyers.

If you know anyone interested in listing their home, contact us so we can get them scheduled for a MEGA Open House Event!

Our thoughts and prayers are with those impacted by Hurricane Michael. Fortunately, Metro Atlanta and North Georgia were less affected. Weather forecasters are calling for a colder winter and more potential snow events this season. Now is the time to get ready just in case. Remember, Snow Jam 2014? Thousands of people got stuck in the snowstorm and were not prepared. We want you to be ready! Click the links below for helpful checklists.

Click here for a Hurricane Preparedness Checklist

Click here for a Cold Weather Checklist

We would like to wish you and your family a safe and Happy Halloween. Halloween falls on Wednesday night this year so we wanted to share a couple of ideas that you might use to get ready. For those that are a little more adventurous with your pumpkins, you may want to carve up some scary or funny pumpkins to decorate your home. We thought you might enjoy the options at ExtremePumpkins.com. Now you can have the coolest house on the street!

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, October 15, 2018

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

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

Highlights: (compared to September 2017)

Forsyth County
Infographic - https://create.piktochart.com/output/33341888-400n-9_2018-forsyth
Total single family home sales: 321 (8.8% decrease)
Median sales price: $355,000 (4.1% increase)
Average sales price: $385,000 (5.5% increase)
Total active listings: 1,367 (1.2% decrease)
New listings: 385 (4.7% decrease)
Month’s Supply: 3.6 (1.9% decrease)

Dawson County
Infographic - https://create.piktochart.com/output/33342163-400n-9_2018-dawson
Total single family home sales: 53 (3.6% decrease)
Median sales price: $225,000 (21.1% decrease)
Average sales price: $279,000 (9.4% decrease)
Total active listings: 240 (7.6% increase)
New listings: 50 (0.0% change)
Month’s Supply: 5.2 (.5% decrease)

Lumpkin County
Infographic - https://create.piktochart.com/output/33342378-400n-09_2018-lumpkin
Total single family home sales: 33 (5.7% decrease)
Median sales price: $203,000 (4.1% increase)
Average sales price: $231,000 (12.1% increase)
Total active listings: 149 (8.0% decrease)
New listings: 33 (50.0% increase)
Month’s Supply: 4.5 (12.4% decrease)

Sunset at The Patio Lounge Lake Lanier's Johnson Creek

Wednesday, October 10, 2018

Don't Miss This Affordable Lake Lanier Waterfront Lot With A Single-Slip Dock In Place!

Don't Miss This Affordable Lake Lanier Waterfront Lot With A Single-Slip Dock In Place!

Fantastic deep water cove lot on the quiet, northern end of Lake Lanier! Build close to the water's edge and enjoy beautiful lake views throughout the year! Includes a single-slip covered 30' X 22' dock in excellent condition with a 26' X 10' slip. U.S.A.C.E. Permit #Q808. Use the lake now and build when ready with your builder of choice! Potential owner financing is available! This is an excellent lot with a nice dock, good views, and a great value!

Full Listing Details For 7731 Elm Circle, Murrayville, GA.

Thursday, October 04, 2018

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

The numbers are in for Lake Lanier home sales for the month of August 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: 29

The highest home price sale was $2,300,000

The lowest home price sale was $200,000

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

The average build date was 1985

The average original list price was $ N/A

The average list price after price adjustments was $721,310

The average sales price was $673,581

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

Average total days on market was 114

Lake Lanier Home Sales Analysis August 2018 from Arthur Prescott

Lake Lanier Waterfront Home Sales Listings August 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.

Saturday, September 29, 2018

Just Sold! Incredible Lake Lanier Waterfront Home, Custom-Built, Lake Views, Level Lot, Double Slip Dock PRICED BELOW RECENT APPRAISAL!!

Incredible Lake Lanier Waterfront Home, Custom-Built, Lake Views, Level Lot, And A Double Slip Dock PRICED BELOW RECENT APPRAISAL!!
Yes! You read that correctly! This Lake Lanier home is a steal!

Incredible Lake Lanier Custom built waterfront home priced below appraisal!
Level, grass to water lot!
Big lake views!
Located in a protected no wake area!
View deep blue sailing waters from virtually every room!
Enormous, open floor plan has room for everyone!
Relaxing lake views from the screened porch, massive deck or covered patio!
Three car detached garage PLUS another two car attached garage! That's FIVE GARAGE SPACES!
Park your RV or travel trailer on the spacious lot!
Top-of-the-line, Martin manufactured aluminum 32X32 double slip dock!
Fantastic Forsyth County Lake Lanier location!

Aerial View Of 9035 Prestige Lane

Approach To 9035 Prestige Lane

Lake Lanier View From The Deck At 9035 Prestige Lane

Shoreline View At 9035 Prestige Lane

Click here for more photos, details and pricing on the sale of 9035 Prestige Lanie, Gainesville, Georgia!

Congratulations to our seller clients, and many thanks to Sylvia Kametches Padrick of Realty Associates Of Atlanta for her representation of the buyers in the 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.

Friday, September 21, 2018

Just Sold! Our Real Estate Partner Eric White Delivers Another Perfectly Fitting Home To Our Latest Clients!

Just Sold! Our Real Estate Partner Eric White Delivers Another Perfectly Fitting Home To Our Latest Clients!

What started as a Lake Lanier waterfront home search ended in the purchase of a dream home of a different style for our latest clients. Their primary needs of a large home with plenty of living space, room for expansion, room for a car collection, and a home with a spectacular view ended when Eric introduced them to 1085 Blue Ridge Overlook in Dawsonville, Georgia. Even though the property was not waterfront on Lake Lanier, it was virtually everything they had hoped for at a price that was simply undeniable. Here's a look at the winning property!

Property Description:

Wonderful Four Sides Brick Custom Home on 1.24 Acre Lot with Mountain Views in the Front and Back. Spacious 5 Bedrooms, 4 Full Baths, 1 Half Baths. Master on Main. 3 Bedrooms Upstairs w/2 Baths and Teen/In-Law Suite complete w/Kitchen, Great Room. Full Basement has Tall Boat Door. Extra-Long Garage Bay for RV, Large Boat, Multiple Collector Cars. Out-Building with Automatic Garage Door with room for another vehicle. Gated Entrance. Large Fenced Backyard with Sweeping Mountain Views. Room for Pool or Tennis, Close to GA 400.

Sale Price: $428,000

Congratulations to Eric and our happy clients, and many thanks to Sylvia Kametches Padrick of Realty Associates Of Atlanta for her skillful representation of the sellers in the 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.

Tuesday, September 18, 2018

Berkshire Hathaway HomeServices Georgia Properties Real Estate Advisor – September 2018

Berkshire Hathaway HomeServices Georgia Properties Real Estate Advisor – September 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 August 2018. Click here for a more comprehensive market report slide deck.

The entry-level market has strong demand and very low inventory. Finding the right property is getting harder which is resulting in lower closings for this segment. The luxury market is a buyer’s market with buyers negotiating better pricing and terms.
Mortgage Rates are rising slowly which will impact affordability. Metro Atlanta continues to be very affordable relative to other metro areas around the country.
August Pending Contracts were up 3% from July and up 6.2% from the prior year. August Closings were down 11.9% from last month and down 7.1% from the prior year.
Year-to-Date Pended Sales units were up 4.6% versus the prior year. Year-to-Date Closings were up 2.2% versus the prior year.
The Average Sales Price for August was $313,000 – down 2.2% from last month and up 7.6% from last year. 2018 is on track to be the highest annual ASP on record. Inventory for August was down .6% from last month and down 3% from last year.
Overall Months of Supply for August was 3.1 months. Six months is considered normal. Luxury properties took longer with homes above $1 million averaging 11.4 months and properties over $2 million averaging 27.1 months to close. The luxury market remains a buyer’s market in many areas.
The Average List-to-Sale Price Ratio was 97% for all price points. Many properties in high-demand areas are selling above list.
The latest Case-Shiller Index for Atlanta (8/28/18) was up .65% compared to the previous month. Metro Atlanta Home Values are up 76% from the bottom of March 2012. Increased home values are building equity and getting sellers back into the market.
Visit Prosperity Home Mortgage to meet one of our Mortgage Consultants. Ask about the Prosperity Buyer Advantage and our 7-Day Close program.

The latest forecast shows that Greater Metro Atlanta and North Georgia area may not get significant wind and rain from Hurricane Florence. There are other storms forming in the Atlantic as we move into the height of hurricane season. It is always good to be prepared.

Click here for a Hurricane Preparedness Checklist.

Weather forecasters are also calling for a colder winter and more potential snow events. Now is the time to get ready just in case. Remember, Snow Jam 2014? Thousands of people got stuck in the snowstorm and were not prepared. We want you to be ready!

Click here for a Cold Weather Checklist.

Our next MEGA Open House Event is Sunday, September 23rd from 2pm – 5pm. There will be hundreds of beautiful open houses available and one lucky sweepstakes winner will get a cool Amazon Alexa Prize Package. MEGA Open House Events are a very effective component of our Advanced Property Marketing for our seller clients. We run extensive open house ads on Zillow plus Facebook, Instagram, Google and WAZE to generate interest from potential buyers.

If you know anyone interested in listing their home, contact us so we can get them scheduled for a MEGA Open House Event!

Berkshire Hathaway HomeServices Georgia Properties is supercharging our new listings and open houses with an innovative advertising program on Google, Facebook, Instagram, and WAZE. If you know someone who is considering listing this fall, no other brokerage provides this level of exposure. For every new listing, we automatically create social and digital ads that are targeted to the geographic area around the listing. When a consumer clicks on the ad, it displays your custom listing website page. Then, we follow that consumer with more ads of the property to remind them to click back and contact the listing agent. The scale of this program is unprecedented in our market and has been very effective in exposing our listings.

If you or anyone you know is considering listing their home this spring, contact us to learn how we expose our listings to the largest audience!

Berkshire Hathaway HomeServices Georgia Properties is bringing real estate to Alexa and Google Home. Just enable the “Atlanta Real Estate” skill to search properties, check home values and get the latest real estate market update. Enable your Atlanta Real Estate skill today and check it out! You never know – Alexa may help you find the home of your dreams!

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.

Sunday, September 16, 2018

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

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

Highlights: (compared to August 2017)

Forsyth County
Infographic - https://create.piktochart.com/output/32454622-400n-8_2018-forsyth
Total single family home sales: 368 (10.7% decrease)
Median sales price: $350,000 (3.6% increase)
Average sales price: $386,000 (6.0% increase)
Total active listings: 1,405 (.4% decrease)
New listings: 420 (3.7% increase)
Month’s Supply: 3.7 (.2% decrease)

Dawson County
Infographic - https://create.piktochart.com/output/32454541-400n-8_2018-dawson
Total single family home sales: 50 (2.0% decrease)
Median sales price: $243,000 (4.7% decrease)
Average sales price: $282,000 (7.8% decrease)
Total active listings: 238 (4.4% increase)
New listings: 47 (14.6% increase)
Month’s Supply: 5.1 (5.2% decrease)

Lumpkin County
Infographic - https://create.piktochart.com/output/32454427-400n-08_2018-lumpkin
Total single family home sales: 40 (4.8% decrease)
Median sales price: $199,000 (2.6% increase)
Average sales price: $210,000 (5.4% decrease)
Total active listings: 160 (9.1% decrease)
New listings: 28 (34.9% decrease)
Month’s Supply: 4.8 (13.9% decrease)

View Of Lake Lanier from FishTales Restaurant at Lake Lanier

Tuesday, September 11, 2018

Berkshire Hathaway HomeServices Georgia Properties 2018 Mid-Year Report / INNOVATE 2018

We hope you enjoy reading this Berkshire Hathaway HomeServices Georgia Properties 2018 Mid-Year Report. Our company is on a mission to redefine the real estate experience for our associates, clients, and employees. The theme at our Kickoff Event in January was INNOVATE. In 2018, we have seen the world of real estate changing at a faster pace and that presents a great opportunity!

Berkshire Hathaway HomeServices Georgia Properties 2018 Mid-Year Report from Arthur Prescott

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