Our October 2009 Lake Lanier Market Report is complete and ready for your review. We do not see a lot of changes occurring, as the number of lake home sales continues at a very slow pace. There is still a large amount of inventory available, and for those buyers looking to purchase a home on Lake Lanier, the options continue to be very good. Lake Lanier's water level is above full pool and the Autumn colors are starting to dissipate as we move into the winter holiday season. Read more at http://lakesidneylanierhomes.com.

October 2009 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:  3

Average Original List Price:  $757,075

Average List Price:  $663,512

Average Sales Price:  $600,861

Average Days On Market:  137

Average Sales Price For The Month Of October 2008:  $715,260

% Sales Price Change For The Months Of October 2008 vs October 2009:  - 15.99%

 

Lake Lanier Waterfront Homes Average Closed Sales Statistics With Number Of Sales:

2005                 2006                 2007                 2008                 2009

January                $459,154         $570,072         $630,444         $989,980         $350,000 (3)

February               $574,297         $551,638         $586,890         $562,316         $511,750 (2)

March                  $475,326         $609,069         $651,308         $617,000         $403,712 (8)

April                  $542,434         $662,370         $642,715         $603,625         $614,642 (7)

May                    $570,213         $654,910         $729,447         $472,577         $450,557 (7)

June                   $491,327         $647,274         $590,013         $653,080         $616,358 (6)

July                   $647,782         $663,200         $600,690         $618,833         $598,500 (10)

August                 $599,475         $675,819         $743,761         $785,000         $700,044 (15)

September              $659,114         $626,235         $657,900         $567,500         $497,812 (8)

October                $515,352         $893,635         $861,142         $715,260         $600,861 (8)

November               $499,402         $600,633         $633,235         $359,000

December               $703,017         $719,408         $691,375         $534,625

Average                $561,408         $656,189         $668,243         $623,233

% Change                                       +    16.88         +        1.8         -       6.74