November 2015 Lake Sinclair Market Report

By
Real Estate Broker/Owner with Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 GREC# 169695
https://activerain.com/droplet/4Mln

I was vacationing when the month ended, then a lot of catch up and then caught a cold, holidays... so I apologize for getting this report out later than normal, but here it is.

First we tied the same month for 2014 with 14 closings for the month.  We've had a great year getting some inventory off the books. At the current time we have 17 months of inventory. That's up from last month putting us still clearly in a buyer's market, but it's way down from long period where we had nearly 3 years worth of inventory. There are currently 238 homes for sale on Lake Sinclair. Pick your price range at LakeSinclairHomesForSale.com if you are in the market and would like an agent from Lane Realty to assist you in finding your perfect lake home.

Although there was a very low sales price in November the average price still went up.  Currently the average price per square foot is $117.  Some homes on better lots where more value is in the lot may average more, but that's an overall general average.

Days on the market was up a bit, but not a significant jump. One listing that had been on the market for 968 days closed.  Those listings tend to take the average up. Perhaps 2016 will be the year people either get serious with price or take them off the market.

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Groups:
Georgia Real Estate
City and State
Market Reports
Welcome to my Neighborhood
Tags:
lake sinclair market report

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
725,476
Kimo Stowell
HI Pro Realty LLC RB-21531 - Honolulu, HI
REALTOR Associate® RS-76763 - Honolulu Hawai'i

Aloha Tammy, 14 closings, that is almost a closing every other day! Congrats on a great end to the year and breaking those records next year! Hau'oli Makahiki Hou! - Happy New Year!

Dec 30, 2015 07:26 AM #1
Rainmaker
4,432,093
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Home buyers and sellers in the area will appreciate the information.

Dec 30, 2015 10:07 PM #2
Rainmaker
771,587
Bob Baesmann
DFW Team Realty - Plano, TX
DFW Team Realty | 972-978-8800

Great Market Report. Thanks for the information on the local community sales!

Jan 04, 2016 11:11 PM #3
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
2,854,298

Tammy Lankford,

Broker GA Lake Sinclair/Eatonton/Milledgeville
What would you like to know about Lake Sinclair?
*
*
*
*
Spam prevention