May Lake Sales: Demand Remains Strong
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May Lake Sales
4 June 2018 - 14:29, by , in Uncategorized, Comments off
The sun is shining as we write this, but there is still damage and flooding in Rabun County.  At times like these, the strength of our community shines as we all band together to help neighbors find lost canoes or raise their boats further above the water.
The demand for our lakes will not slow down due to this one flood — the worst we have seen since 2004 when hurricane Ivan caused flooding and high lake levels.  So far in 2018, 37 lake homes have sold and only 24 have been listed for sale, further decreasing the inventory.  To underscore the demand, only 22 homes had sold at this point in time in 2017 compared to 37 for 2018!
We are entering the summer period and most buyers hit pause for a moment and resume their search in late August.  However, new listings at the right price are going to generate offers at any time of the year.  Once again, if you are thinking of selling, we would be grateful for the opportunity to perform a market analysis of your property.
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
25
6
2
Pending Sale
 4
Active 66
27
10
Average Days on MKT
1373
781
18
2017 Avg. Sale Price
$1,403,757
$994,784
$549,028
2018 Avg. Sale Price $1,539,762
$914,855
   $411,603
LAKE BURTON
The Lake Burton market is VERY dynamic at the moment and buyers are clamoring for more inventory.
The Lake Team is sponsoring a series of fitness classes at the LaPrades. All classes start at 9:00 am on Saturdays.  To register for a class, please call Elisa Hopkins of Studio E at 706-982-5090 or email her at [email protected] .
The remainder of the schedule is as follows:
June 9    – Mat Flow
June 23  – Strenght and Conditioning
June 30  – Vinyasa Flow Yoga
July 21   – TRX
August 4 – Mat Flow
LAKE RABUN

To say that Lake Rabun inventory is meager at the moment is an understatement. Sales remain strong, even with the current low inventory. In 2017, only two homes had sold by the end of May, compared to six that have sold so far this year. The Lake Team has been involved in EVERY sale this year on Lake Rabun, with the exception of one private transaction, by representing five successful sellers and two successful buyers.

We are excited to bring a new Lake Rabun listing to market.  Visit https://lake-burton-rabun.com/property/237-pruitt-lane-lakemont-ga-30552/ for details.

SEED LAKE

In the last few days, Seed Lake has received some severe weather, but it will recover as it always has and lake life will resume soon. The Seed Lake market continues to offer some great values and should not be overlooked.

The Lake Team just listed two great homes on Seed Lake. Visit https://lake-burton-rabun.com/lakes/seed-lake/ to view these listings.
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