This is a short overview that we recently sent our clients.
As for Lake Lanier:
There are currently 370 properties for sale in the $250,000 to $700,000K range.
For the time period of January to May 2010 in the $250,000 to $700,000K range:
There were 67 homes sold with an average price of $389,303
There are 27 pending sales with an average price of $433,025
During the January to May 2010 time period for condos on Lake Lanier:
14 currently for sale with an average price of $173,150
13 sales with an average price of $232,015
Barb and I continue to see a large number of lake properties available. Eventhough the properties are not selling, the owners have not significantly lowered the prices. Most of them have no sense of urgency to sell. We do see the occasional foreclosure which gathers interest. Overall a slow market as the second home market remains flat.
IF YOU ARE LOOKING FOR LAKE LANIER EXPERTS TO SHOW YOUR PROPERTIES LOOK NO FURTHER. THE WELLS TEAM MEMBERS LIVE HERE! LET US HELP YOU FIND YOUR NEXT LAKE PROPERTY!
Check out our lake listings at www.randywellsteam.com
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