January 2016 – Lake Oconee Real Estate Newsletter

JANUARY 2016 LAKE OCONEE REAL ESTATE NEWSLETTER

HAPPY 2016!  Kim and I had a wonderful holiday season and we hope you and your family did as well. 2015 was a very exciting year for us.  For the seventh year in a row, we sold more real estate than any other agent or husband/wife team in the Lake Oconee market. Our unmatched success is due in large part to our great clients as well as our commitment to provide the best real estate services available. Our proven strategy to help our clients is based on 1) the most extensive knowledge of the market, 2) the highest possible customer service, and 3) the most aggressive and innovative marketing available. We have assembled a great team to help us and we hope you will call us whenever you have a real estate question or need.

The Lake Oconee real estate market continued to improve in 2015. Total sales volume increased 20% from 2014 (329,117,612 in 2015) ($270,669,655 in 2014). The number of home transactions also increased by almost the same percentage (951 in 2015) (805 in 2014). Home values are starting to edge up with the average home sale in 2015 being $401,913, compared to $391,085 in 2014. Other statistics worth noting were that lot/land sales remained relatively flat with 295 in 2015 compared to 287 in 2014, and the average difference in list price and sale price narrowed from 8% in 2014 to 7% in 2015.

YEAR   TYPE OF PROPERTY    #SOLD        YEAR   TYPE OF PROPERTY  #SOLD

2014   Reynolds Plantation Homes       103            2015   Reynolds Plantation Homes       141

2014   Cuscowilla Homes                          14             2015   Cuscowilla Homes                          20

2014   Golf Community Lots                   171             2015   Golf Community Lots                   151

2014   Lakefront Lots                                22             2015   Lakefront Lots                                 15

2014   Harbor Club Homes                       22            2015   Harbor Club Homes                      28

2014   Lakefront Homes                          153             2015   Lakefront Homes                          191

For property sellers, it is important to note that PROPERTY IS SELLING, DEMAND IS UP and INVENTORY IS DOWN. This is especially true for the home market with the lot market still having some oversupply and stagnation. While our market is improving, it is still not as favorable for sellers as some other primary home markets across the country. The following are absolute essentials to help generate a sale:  1) Market a realistic listing price – getting this wrong will cause your property to not get interest and prove frustrating over the long run. 2) Ensure your property is in the best possible condition. To get “top dollar” and serious buyer interest, every effort must be made to have your property give the best possible first impression. Kim is excellent at this and can often provide inexpensive suggestions that will make the difference in your property selling.

For property buyers, this is still a great time to buy.  Prices are still down significantly from their highs of 2007/2008.  Interest rates continue to be historically low.  Lake Oconee is one of the best destinations in the country and getting better. When you combine these factors, this is still a great time to buy.
Please contact us to find out more detailed information about the market – WE LOVE TO TALK REAL ESTATE!

NO ONE SELLS MORE REAL ESTATE IN THE LAKE OCONEE MARKET!

TOP 5 KELLER WILLIAMS AGENT IN THE SOUTHEASTERN UNITED STATES REGION!

Best wishes to you for a great 2016

Visit our website:  www.kimandlinlogan.com

 

                       KIM LOGAN 706-338-0757                                                      LIN LOGAN 770-846-2700

                       kimlogankw@gmail.com                                                        swanlake@plantationcable.net