Lake Oconee market report – October 2016
Lake lots sales are up, up, up!
Yesterday was a banner day – closed two beautiful lakefront lots.
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.