Lake Sinclair Market report April 2015- the scoop on real estate

Real Estate Broker/Owner with Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 GREC# 169695

Well they aren't selling like hotcakes, but we are steady. 17 homes close in April 2015 that were residential, waterfront Lake Sinclair homes. And for the amount of rainy days we had in March to show property I think it’s a pretty good number. It's just one sale down from March 2015 and it's 4 more than in the same period last year. Speaking of year over year so far 2015 is 146% of the same period for 2014.  We had 38 lake homes in the first 4 months last year compared to 56 in 2015.

With the slightly slower number of sales and the slightly higher number of current listings the months of inventory is up just a little to 19.6. That's still a far cry from this time last year, but clearly still a buyers' market for pricing and days on the market if you are not willing to sell for what like comps have sold for in the past three months.


Days on the market at an average of 127.  That's a low monthly average for 2015 and as you can see pretty close for what it was this same time period last year. Certain price points are going rather quickly, others (luxury market of over $500,000) are lingering.  

April's average sales price on Lake Sinclair waterfront homes was slightly over $253,000 and was the highest in 12 months since May 2014. That's about a 15% increase over last month.  But I still don't think we can say we are on a steady increase of that much.  It's going to be up and down a bit as we still have a foreclosure every now and then and as much inventory as we currently have. We already have a closing in May of less than $100,000 that was waterfront.  But I do think we are ever so slowly moving in the direction that sellers will appreciate and buyers will come to regret they didn't buy when prices on water were so low. 

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Tammy Lankford, Broker/Owner


Broker License # 169695  Lane Realty License # H-11420

Real Estate Instructor License # 355089

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Comments (3)

Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Tammy. Nice job with your report, lots of details that are easy to understand, especially for buyers or sellers for your area.

May 18, 2015 06:25 PM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

As long as the marekt keeps moving that is something to be thankful for. You explain it well and sumemr should be even better for sales.

May 18, 2015 10:50 PM
Tammy Adams ~ Realtor / Podcaster
Maricopa Real Estate Co - Maricopa, AZ
A Maricopa Agent who Works, Lives & Loves Maricopa

Overall it looks very positive for the area.  History is showing some good months coming up for you. 

May 20, 2015 10:28 AM