Lake Oconee market report: lake lot sales are HOT!

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Real Estate Agent with Coldwell Banker Lake Country 284620

Lake Oconee market report – October 2016

Lake lots sales are up, up, up!

 lake oconee sales trending up

Yesterday was a banner day – closed two beautiful lakefront lots.

 twin rivers lake oconee lot salewaterstone farms lake oconee lot sold

I’ve been keeping track of lakefront property sales by quarter for more than a decade – so it was easy to put my sales in perspective.

Through Sept end, there have been 64 private lakefront lots sold on Lake Oconee – more than any full year since 2006. The 25 lots sold in each of the last two quarters are more than any quarter since Q2 of 2006.

Average sold price year to date is a robust $381K – certainly down from recent averages. Sold prices range from $40,000 to $1,000,000.

When there is a big range like this, I like to look at “price clusters” more than averages – one third of the sales were $200K or less, the middle third were more than $200K but less than $400K, with the remainder above $400K. No matter what your budget is, we probably have an active market in your range.

If you are thinking about a lake lot on Oconee, and would like to see what the market has to offer you, contact me today and we can discuss your dreams.

 

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facebook horse-and-home-georgia  Jeanne Dufort on Zillow

 Are you thinking dreaming about a place that will nuture your soul, bring your family together, or give you a chance to give back?  Whatever your dream, I'm committed to helping you explore how Georgia's Lake Country fits in. Located midway between Atlanta and Augusta, the lake country offers two recreational lakes, plus wonderful historic small towns with a commitment to sustainable agriculture. Lets talk.

Jeanne Dufort

2010 Realtor of  the Year

Lake Country Board of Realtors

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Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Thank you for taking the time to share this local market report.  It offers some great insights for buyers and sellers alike that are trying to make informed decisions.  Well done!

Oct 08, 2016 01:42 AM #1
Rainmaker
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Jeanne Dufort
Coldwell Banker Lake Country - Madison, GA
Madison and Lake Oconee GA

Thanks, Jim Crawford - if you or your clients ever need an assist in the Madison or Lake Oconee area, I'll be happy to help.

 

Oct 08, 2016 01:46 AM #2
Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Jeanne Dufort These are detailed good market stats for Lake Oconee.

Oct 08, 2016 02:45 AM #3
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Rainmaker
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Jeanne Dufort

Madison and Lake Oconee GA
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