Another year is drawing to a close at Lake Oconee. Kim and I extend our best wishes for a Happy Holidays as well as a prosperous New Year in 2014 to all!!!
There was improvement in the Lake Oconee real estate market in 2013. Total sales volume increased 25% from $184,790,000 in 2012 to $231,633,000 in 2013. The number of sales/transactions also increased impressively. This was greatly helped by a continuation of the lowest mortgage rates in history and a generally improving overall regional and national economy. This increased demand helped reduce the oversupply in our market and values continued to be stable throughout the year. OurKeller Williams office at Lake Oconee had great success in 2013 and increased its sales volume 36%. KIM LOGAN was again the top selling agent in the Lake Oconee market (5th year running) and increased her sales volume 35% from 2012. Please come visit us at our convenient office on HWY 44 just across the bridge in Putnam County, or contact us directly to get more specifics on the market. WE LOVE TO TALK REAL ESTATE!!!
Here are some statistics that shaped the real estate market with comparisons to 2012:
-TOTAL NUMBER OF HOMES SOLD in 2013=699, AVERAGE SALES PRICE=$369,416, DAYS ON MKT=183
-TOTAL NUMBER OF HOMES SOLD IN 2012=536, AVERAGE SALES PRICE=$287697, DAYS ON MKT=189
-TOTAL NUMBER OF LOTS/LAND SOLD IN 2013=187, AVERAGE SALES PRICE=$176954, DAYS ON MKT=263
-TOTAL NUMBER OF LOTS/LAND SOLD IN 2012=158, AVEARGE SALES PRICE=$176770, DAYS ON MKT=281
YEAR TYPE OF PROPERTY #SOLD
2013 Reynolds Homes 101
2012 Reynolds Homes 79
2013 Cuscowilla/Harbor Club Homes 43
2012 Cuscowilla/Harbor Club Homes 29
2013 Lake Homes 197
2012 Lake Homes 181
2013 Golf Community Lots 107
2012 Golf Community Lots 82
2013 Lake Community Lots 20
2012 Lake Community Lots 30
For property sellers, it is important to note that PROPERTY IS SELLING and DEMAND IS UP. However, in this still competitive and buyer oriented market, the following are absolute essentials to help generate a sale: 1) Market a realistic listing price. Buyers are very savvy and getting this wrong will cause your property to not get showings or get you less than top dollar. 2) Ensure your property is in the best possible condition. To get “top dollar” and potential buyer interest, every effort must be made to have your property give the best possible first impression.
For property buyers, this is still a great time to buy. Prices are still down significantly from their highs of 2007/2008. Interest rates are the lowest in history. When you combine these two factors, there may never be a better time to buy than now.
Kim and I would love to help you with your real estate needs in any way we can. Our results speak for themselves, our marketing guarantees top exposure, our combined knowledge guarantees you will have the best possible information and our dedication to customer service guarantees we will treat your real estate needs like our own.