Wow! What a nice way to start 2011! Our Lake Lanier Housing Market Report is complete and indicates a sharp increase average sales price for lake homes that sold in January. The average price was the highest we've seen in quite some time! The number of homes sold ticked up slightly as well. Days on market was a bit extended, but overall the results were encouraging.
January 2011 Real Estate Market Analysis For Lake Lanier Homes
Our market analysis is generated at the beginning of each month. It is designed to show you Lake Lanier home sales statistics. Each month, we search the First Multiple Listing Service for home sales (closings) based on the following criteria:
- Area: All counties with frontage on Lake Lanier. Specifically Forsyth, Dawson, Lumpkin, Hall, and Gwinnett counties.
- Status: Sold (Closed Transactions)
- Dock: Our searches scan for houses that have some form of dock in place. Docks can be minimal or elaborate, inexpensive or expensive. The analysis includes properties with single slip, double slip, triple slip, or platform docks that are in place and advertised in the listings as part of the sale. If there is a permit for a dock, but no dock in place, the property was not included in the analysis.
- Lake Frontage: The home must be a waterfront property on Lake Lanier as described as lake frontage in the First Multiple Listing Service.
- Exclusions: Our analysis does not include mobile homes, modular homes, condominiums or townhomes.
This market analysis is deemed to be accurate, but is not warranted. It is meant to give a general idea and overview of the current housing market for waterfront homes on Lake Lanier.
- Homes Sold: 8
- Average Number Of Bedrooms: 4
- Average Number Of Full Bathrooms: 4
- Average Original List Price: $778,724
- Average List Price: $692,337
- Average Sales Price: $536,450
- Average Days On Market: 251
- Average Sales Price For The Month Of January 2010: $332,383
- % Sales Price Change For The Months Of January 2010 vs January 2011: + 61.4%
