The demand for our lakes remains at its highest level ever! Thus far in 2018, 78 homes have already traded hands and another 10 are pending sale in 2018.  This will result in approximately 88 lake homes sold this year!  Of these 88, the Lake Team is involved in 37% of these transactions! That is a huge number and we are fortunate to have a great team to handle these sales. The previous record for sales was 67 in both 2015 & 2016. Many ask, “Why the demand?”.  The answer is in the above photo. Our lakes sell themselves. Tranquility, fun, memories,  and a great place to live life!

We get frequent calls from new Atlanta residents whose children have friends with lake homes or who have met new friends in Atlanta with lake homes.  When they realize the proximity to Atlanta and the escape that our lakes offer from city life, it is no wonder that our inventory is drying up rapidly.

Be on the lookout for BIG changes in Clayton.  The old Clayton Inn is under contract and the buyer is looking to create a luxury hotel by adding two more stories, a rooftop bar, and a spa.  We believe this project will accelerate the growth of Clayton rapidly. The new Grapes & Beans is ahead of the curve.  The design is fresh and the food is delicious.  If you haven’t been yet, give it a try — you will be impressed. Many other local new shops are adding a great dimension to lake living in Rabun County.

Our market continues to be very positive in many areas. We are experiencing multiple offers on well priced properties and a trend of shorter days on the market.  This is a great time to ask for a market analysis of your home, so please give us a call. You may be surprised what your home is worth?

Lake Burton	Lake Rabun	Seed Lake
2017 Listed	37	14	2
2018 Listed	43	12	6
2015 Sold	39	27	1
2016 Sold	40	25	2
2017 Sold	40	13	9
2018 Sold	49	22	7
Pending Sale	6	2	2
Active	64	21	7
Average Days on MKT	574	620	154
2017 Avg. Sale Price	$1,403,757	$994,784	$549,028
2018 Avg. Sale Price	$1,330,123	$1,215,420	$479,672

 

LAKE BURTONThis year 49 homes have already sold with another 6 pending sales! This compares to 33 sales at this same time in 2017! With only 64 properties for sale, the inventory is extremely low.  There are still a few bargains on the market, so if you are contemplating purchasing, we urge you to pull the trigger!

If you are thinking of selling, we believe that 2018 might be the best time over the past ten years to consider marketing your home. Please give us a call if you would like a market analysis to determine value and marketability.

LAKE RABUN

In 2017 only 9 homes had sold by the end of October compared to 22 that have sold so far this year. In addition, 2 properties are pending sale.  Sales in 2018 will certainly exceed 2017 on Lake Rabun.  The decreasing inventory has been the continuing story of 2018.