2010 proved to be a rebound year for sales of Lake Oconee lakefront single family homes, with 70 homes sold for an average price of $705,000, according to statistics compiled by the Lake Country Board of Realtors. That compares to 2009 sales of 55 homes and an average price of $587,000.
With some 218 homes actively on the market, its definitely a buyers market, but the steady rise in sales and comparatively few foreclosures indicate that the market has found its "legs" - the point at which buyers feel confident moving forward.
Lake Oconee is conveniently located along Georgia's I-20 east corridor, midway between Atlanta and Augusta. The 19.000 acre lake is Georgia's second largest lake, and features championship golf courses as well as boating and fishing for the entire family.
Lakefront homes can be found from the $200's to more than $2million - so be sure you contact a local expert to help you navigate the waters when shopping for lakefront property at Lake Oconee.
I specialize in rural properties in the Madison and Lake Oconee area, and consistently produce top tier results for buyers and sellers. Please contact me if you want to discover if Lake Oconee Georgia is right for you.