We can't believe the first month of the New Year has already come to a close! Let's take a look at how the Lake Oconee real estate market performed in January 2017. There were 29 real estate transactions in the month of January: 23 residential dwellings and 6 land lots. We aren't surprised by the decrease in sales from last year, as historically speaking, January has always been a slow month for sales in the Lake Oconee real estate market. This number is still higher than it was in January of 2016, for there were only 21 transactions that year. We expect the number of sales to increase as we head in to the spring selling season! Below is a brief summary of the sales that transpired last month:
29 Real Estate Sales in the Lake Oconee area
- 7 were on the water and were all residential properties
- 6 were on the golf course (3 homes and 3 land lots)
- 2 homes sold for over $1 Million
- 12 were in the gated golf communities
- 17 were in Greene County, 3 were in Morgan County, and 9 were in Putnam County
- 2 bank-owned properties sold, and they were both land lots
Again, the above information is a brief summary of the types of properties that sold last month. For a more detailed breakdown of the Lake Oconee real estate market sales for January, visit our website. We post several times each month in an effort to keep our Clients and interested persons educated on the state of our current real estate market. On our Inventory Updates page, you will find tables of numerical data for active and sold properties throughout the area, as well as an exhaustive list each month of each property that sold (complete with a link to the MLS page for additional pictures and features.)
If you or anyone you know is considering selling or purchasing a Lake Oconee area property, we'd love the opportunity to provide our services and expertise! Please give The Vining Group a call at 706-816-1010! After all, who you choose to work with in real estate makes all the difference!!
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