February 2018 Lake Sales: Strong Sales Continue on the Lakes
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1 March 2018 - 15:26, by , in Uncategorized, Comments off
February 2018 Sales Report

February started and ended with a bang! In the first two months, ten properties have closed, and nine properties are still scheduled to close. It appears more pending sales may be coming based on our current negotiations on three more lake properties. The warmer weather and the rising lakes have “jump started” the 2018 lake market season.

The economic indicators are still very positive throughout the business climate, and that is continuing to fuel buyer confidence. Rates are starting to inch up, but are still very attractive. Hopefully, the month of March will continue with mild weather and buyers will start looking to be on the lakes by Memorial Day.

Congratulations to the new owners of LaPrades Marina. They have been hard at work over the winter making many changes and updates. The new and improved marina will continue to offer Lake Burton residents a fantastic assortment of amenities for lake living. Look for their “Grand Opening” soon.If you are contemplating selling your home, please click here for information on our approach to selling a lake home. We would be grateful for the opportunity to prepare a comprehensive market analysis of your property. The Lake Team continues to be one of the market leaders in listing and selling Rabun County lake homes.

SALES SNAPSHOT
Lake Burton
Lake Rabun
Seed Lake
2015 Sold
39
27
1
2016 Sold
40
25
2
2017 Sold
40
13
9
2018 Sold
6
4
0
Pending Sale
7
1
1
Active 70
26
7
Average Days on MKT
1229
1164
1614
2017 Median Sale Price
$1,300,000
$810,000
$549,028
2018 Median Sale Price $2,075,000
$846,000

LAKE BURTON

Within the past month, several homes have gone under contract on Lake Burton. In 2017, five homes had sold by the end of February, compared to six for 2108. Of the seven pending sales, four have been on the market for over four years. The older inventory is being cleared out.  Meanwhile, we are seeing multiple offers on newer listings with some going under contract very quickly.


LAKE RABUN
Lake Rabun inventory is very low at the moment and sales are strong. In 2017, only one home had sold by the end of February, compared to four for 2108.  There are 10 lots/tear downs for sale and only 16 homes ranging from $499,000 to $1,695,000 for sale. We have just placed one of our listings under contract and are negotiating on another home with hopes to come to terms very soon.  In short, The Lake Team needs more listings.  Demand is strong for this beautiful lake!

SEED LAKE
Seed Lake has one property pending and only 7 still for sale. The Seed Lake market offers some great values and should not be overlooked.
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