Four Reasons to List Your Lake Oconee or Lake Sinclair Home With Kim and Lin Logan Real Estate Today
The vacation, luxury, and secondary housing markets are booming across the country.
Lake Oconee and Lake Sinclair are no different.
Seasoned realtors and lenders have never seen a market like this. Homes in the area, particularly on the water, are being sold in record time often at or near the listing price.
Here are four reasons the market has been red hot and why you should consider listing your home.
Low inventory
Based on our observations, more homeowners than ever have been using their Lake Oconee property like a primary residence. Between economic strife and marketplace changes leading to more remote work, people are spending more time at their lake homes. And inventory was already low below the coronavirus hit.
The result is fewer homeowners are listing their property because they’re using them more.
When looking nationally we’re saying the same trend. According to realtor.com, the number of $1 million-plus homes on the market dropped 15.6% year over year in May of 2020, despite housing values trending up.
High demand
People are looking to leave cities where the coronavirus seems to transmit more rapidly due to greater population density. Many others are able to work from home rather than show up to the office each day. Others are looking to get out of major metropolitan areas due to increasing tensions and civil unrest.
These three factors combine to push more home buyers from urban markets to suburban, rural, and vacation real estate markets.
Quick Sales
Because housing inventory is low and demand is high properties are being snatched up as soon as they hit the market.
Below is a market conditions addendum looking at the sale of lakefront property on Lake Oconee.
Over the previous 7-12 months, properties were on the market for an average of 153 days.
Over the last three months, listing days on market has been nearly cut in half to 86 days on market. If you’re looking for an accelerated sales cycle (and to get paid for your house faster), this is the perfect time to sell.
The Ace Up Your Sleeve
Kim and Lin Logan Real Estate team has been the top-selling team at the Lake since 2008. Because of our extensive knowledge, deep-rooted network, strategic marketing, and a team of dedicated agents we continue to sit atop the sales leader board in the local area.
If you’re looking for the most trusted team in the area to help you generate top dollar for your Lake Oconee property, your search ends now. Call us at 706-338-0757 to get started today.