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    Just Listed 6563 Crestwood Peninsula, Flowery Branch

    https://www.sheiladavisco.com/wp-content/uploads/2023/03/Crestwood-Drive-Edit-With-Audio.mp4

    WOW!🔥 Calling all Lake Lovers this charming Lake Lanier compound is perfect for full time or second home life! 6563 Crestwood Peninsula, Flowery Branch features a total of 4 bedrooms and 4 and 1/2 baths. Renovated luxury lake cottage with water views, AND a new 3 car carriage house for guests. This charming luxury lake cottage has a rustic exterior flair, with a modern interior completely renovated in 2019/2020. With multiple outdoor entertaining areas, a huge covered back porch with beautiful water views, a fenced and private yard for the main house, and all updated beautiful hardscapes and landscaping. An easy, gentle walk leads to the boat slip in the HOA managed 8 slip covered dock. (slip is last on right) Located on a quiet wake-free cove, yet close to the big water. FMLS #7186949, $1,289,000
    Sheila Davis 770-235-6907 LakeLaniersFinest.com see the full listing details at 6563 CRESTWOOD PENINSULA

    Posted in: Buying a Lake home, Featured Posts, Just Listed by The Sheila Davis Group, Media, Media Sheila Davis Group, Our Blog Tagged: #1 Realtor on Lake Lanier, Just Listed on Lake Lanier

    Homebuyer loan requests jump 25% as mortgage rates continue to fall

    January 18, 2023  BY MATT CARTER   Inman Connect

    Two months of declining mortgage rates have finally got the attention of homebuyers, with demand for purchase loans jumping 25 percent last week as rates continued to descend toward 6 percent, according to a weekly survey of lenders by the Mortgage Bankers Association.

    “Mortgage application activity rebounded strongly in the first full week of January, with both refinance and purchase activity increasing by double-digit percentages compared to last week, which included the New Year’s holiday observance,” said MBA Chief Economist Mike Fratantoni, in a statement. “Despite these gains, refinance activity remains more than 80 percent below last year’s pace and purchase volume remains 35 percent below year-ago levels.”

    Mortgage rates in decline

    According to loan lock data tracked by Optimal Blue, rates on 30-year fixed-rate conforming mortgages hit a 2022 high of 7.16 percent on Oct. 24. Mortgage rates have been in a general downward trend since then, hitting a 2023 low of 6.15 percent on Thursday, Jan. 12.

    Rates have eased in the wake of the Federal Reserve’s Dec. 14 decision to slow the pace of short-term interest rate hikes, and more recent data that suggests inflation may be easing.

    “Mortgage rates are now at their lowest level since September 2022, and about a percentage point below the peak mortgage rate last fall,” Fratantoni said. “As we enter the beginning of the spring buying season, lower mortgage rates and more homes on the market will help affordability for first-time homebuyers.”

    For the week ending Jan. 13, the MBA reported average rates for the following types of loans:

    • For 30-year fixed-rate conforming mortgages (loan balances of $726,200 or less), rates averaged 6.23, down from 6.42 percent the week before. With points decreasing to 0.67 from 0.73 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans, the effective rate also decreased.
    • Rates for 30-year fixed-rate jumbo mortgages (loan balances greater than $726,200) averaged 6.08 percent, essentially unchanged from 6.09 percent the week before. With points decreasing to 0.4 from 0.66 (including the origination fee) for 80 percent LTV loans, the effective rate decreased.
    • For 30-year fixed-rate FHA mortgages, rates averaged 6.26 percent, down from 6.39 percent the week before. Although points increased to 1.05 from 1.03 (including the origination fee) for 80 percent LTV loans, the effective rate decreased.
    • Rates for 15-year fixed-rate mortgages, rates averaged 5.58, down from 5.94 percent the week before. With points decreasing to 0.54 from 0.62 (including the origination fee) for 80 percent LTV loans, the effective rate also decreased.
    • For 5/1 adjustable-rate mortgages (ARMs), rates averaged 5.31 percent down from 5.37 percent the week before. Although points increased to 0.74 from 0.72 (including the origination fee) for 80 percent LTV loans, the effective rate decreased.

    With the drop in rates, requests for ARM loans accounted for just 6.6 percent of all mortgage applications, down from 11.8 percent during the week ending Oct. 28.

    Requests for FHA loans accounted for 13 percent of last week’s applications, down from 13.4 percent the week before. VA loan applications accounted for 11.8 percent of loan requests, down from 13.2 percent the week before.

    As always, please give us a call if you would like to discuss your situation and how we can help you with your real estate goals!  or contact us here and we will give you a call!

    Posted in: Buying a Lake home, Featured Posts, Media, Media Sheila Davis Group, Our Blog, Selling your home Tagged: Home buyer demand, Home seller, mortgage rates

    Our Pledge… Our Promise…

    Sheila Davis Lake Lanier Realty, The Norton Agency

    Our Pledge Sheila Davis Lake Lanier homes for sale GA

    Posted in: Buying a Lake home, LLA Lake Lanier Association, Media, Media Sheila Davis Group, Our Blog Tagged: Lake Lanier homes for sale, Leading Realtor

    Congrats to our Agents for Hall Co Board of Realtors Awards!

    Lake Lanier's best Realtors Real Estate Agents
    Hall County Board of Realtors Awards 2020
    Linda Thompson, Sheila Davis Group Lake Lanier's best Realtors Real Estate Agents
    Linda Thompson, Sheila Davis Group winner of the 2019 Education Award – Hall County Board of Realtors
    Lake Lanier's best Realtors Real Estate Agents
    Michelle Sparks, Nicole Columbo, Sheila Davis and Stephanie Gillespie (not pictured) won Circle of Excellence Awards. Linda Thompson won the Education Award. 2020 Hall County Board of Realtors Awards.

    We enjoyed celebrating at the Hall County Board of Realtors Awards banquet last night at the Chattahoochee Country Club with our own Linda Thompson who won the Education Award and with Nicole Columbo, Stephanie Gillespie, Michelle Sparks and Sheila Davis for The Circle of Excellence Awards. We are constantly enriching our education to serve you better! $43 million sold and #1 in Sales on Lake Lanier! Give us a call if we can help you buy or sell on Lake Lanier 770-235-6907

    Posted in: Media, Media Sheila Davis Group, Our Blog, Selling your home Tagged: Best Lake Lanier Realtors, Lake Lanier Agents, Lake Lanier homes for sale, Lake Lanier Realtors, Top Realtors Lake Lanier

    Sheila Davis Group in Real Producers of Greater Atlanta Magazine, December 2018

    Sheila Davis Norton top Lake Lanier Real Estate Agent, Atlanta, GA, lakehouse

    Our group was honored to be featured in the December 2018 issue of Greater Atlanta Real Producers magazine. Please read the article here and learn more about us:
    Top Lake Lanier Real Estate Agent, Sheila Davis, The Norton Agency, Lake Lanier Homes for SaleTop Lake Lanier Real Estate Agent, Sheila Davis, The Norton Agency, Lake Lanier Homes for SaleTop Lake Lanier Real Estate Agent, Sheila Davis, The Norton Agency, Lake Lanier Homes for SaleTop Lake Lanier Real Estate Agent, Sheila Davis, The Norton Agency, Lake Lanier Homes for Sale

    Posted in: Featured Posts, Lake Lanier, Media, Media Sheila Davis Group, Our Blog

    2018 Lake Lanier Real Estate Report by Sheila Davis

    2018 Real Estate Lake Lanier Georgia Real Estate Market Report Sheila Davis Group Norton

    Click here to read the 2018 Lake Lanier Real Estate Report written by our Lead Agent Sheila Davis

    Posted in: Buying a Lake home, Lake Lanier Information, Media, Media Sheila Davis Group, Our Blog, Selling your home Tagged: Boats, Buford, Cumming, Dawsonville, Flowery Branch, GA homes for sale, Gainesville, Harbour Point, Just Listed on Lake Lanier, Lake Lanier homes for sale, Lakehouse

    Top 10 Trends in Lake Lanier Real Estate, by Sheila Davis

    Lake lanier trends, real estate, sheila davis, norton agency,HGTV FEATURED LAKE LANIER HOME, 6010 CHIMNEY SPRINGS RD LAKE LANIER HOME SOLD BY SHEILA DAVIS

    #1  A HEALTHY AND VIBRANT MARKET:  With lake home prices nearing 2006 levels again, and inventory Cook Road,Lake Lanier home, sold by Sheila Davis, the Norton Agency30%-40% down depending on price segment,  home sellers are enjoying a steady market with  prices edging up about 5% this year. Those sellers with deep water are clearly winners with low water properties patiently holding off the market until a full pool returns. Buyer activity is high, but with low inventory, it can be frustrating for a Buyer to find a home that fits their needs. Homes under $500,000 are in high demand with less than 60 days on the market and we are seeing multiple offers and just days on the market for hot properties.  Lake lots are selling again, prices ranging from the $200’s in multi slip communities up to luxury lots from the 400’s up. A recent lot sale in Forsyth county sold for $800,000 this month.  Custom homes are once again popping up on the lake, as lots and tear downs are seeing new builds.

    Sheila Davis - Top Lake Lanier Realtor, Cresswind, Luxury Specialist, Lake Homes for sale, Lake Lanier homes for sale, GA
    Cresswind Landing Marina at Cresswind at Lanier , copyright Sheila Davis & Company

    #2  THE RETIREMENT REVOLUTION:  With the success of Cresswind at Lake Lanier, Harbour Point, Marina Bay, Chestatee, and others, more Active Adult developments are moving fast to capture the growth and demand for new lake homes. An 880 unit Active Adult development on the lake with boat slips is in final approval in the City of Gainesville, (Dawsonville Highway between Ahaluna Drive and Sportsman Club Road).  “Diamond Gardens”, in Cumming, off Pilgrim Mill Rd. is completing its clubhouse, tennis courts and pool this summer. Plans are to build 50 luxury homes, with boat slip included at it’s multi-slip marina.

    #3  SECOND HOMES ON THE RISE:  Buyers of all ages are heading to Lake Sheila Davis, Lake Laniers Finest, The Norton Agency, Lake Lanier RealtorsLanier for refuge from the “Concrete Jungle” of Atlanta, or as an escape from crowded beach towns or cold weather locations. With shopping and modern conveniences readily available now, our second home residents can enjoy all that our communities have to offer year-round. These buyers are looking for deep water boat dockage, and well-maintained and updated properties that they can move into with little or no renovation. Second homes are selling from the $250’s up to $1,800,000 this year.

    Sheila Davis, lakelaniersfinest.com#4  OUTDOOR LIVING SPACES:  With our beautiful & mild weather on Lake Lanier, home owners are seeking outdoor living spaces more than ever. Whether you have a wooded or water view, enjoying nature and entertaining outdoors is something we all want more of.  Swimming pools are in big demand. Elaborate outdoor patios, covered porches, outdoor kitchens, stone fireplaces and hot tubs are sought after. Those lucky enough to be close to the water are building outdoor pavilions & covered patios to get closer to the lake. Properties with an outdoor amenity generally enjoy less time on the market and more resale value.

    #5  LUXURY LAKE SALES LOOKING UP: Luxury home sales over $1 million dollars are up 20% over the last 12 5337 Bay Circle on Lake Lanier home for sale Sheila Davis Group 770-235-6907 European Beauty in a PRIME South Lake Lanier locationmonths in number of sales. Low interest rates and improving economy are helping this segment of the market to improve, regardless of water levels and low inventory. There are currently 50 homes now on the market over $1 million.  Twenty homes have sold, and pending sales are up.  Fifty percent of these sales are cash buyers, and about half are second homes. The average million-dollar lake home has 4-6 bedrooms and 5 baths with an average of 5500-8500 square feet. The average sales price in 2017 is $1,250,000 with an average of 90% sales to list price ratio.  According to Mary Thompson, of Lake Lanier Appraisal Service, “Values steadily increasing about 1.5% year for homes priced $899,000-1,299,000 and values are up 8% for homes sold above $1,300,000”.  About 75% of luxury homes sold have pools and most have screened porches or outdoor living spaces.  The luxury homes sales are split evenly between south and north lake locations, with the majority in Hall County this year due to low inventory in other counties.

    #6  UPDATING AND HOME MAINTENANCE IMPORTANT FOR TOP RESALE VALUE:  In the hot market prior to 2007, buyers were content purchasing homes in all price points prepared to remodel and even fix issues. The era of the weekend warrior paid off for investors.  Property values were going up rapidly and buyers knew they could recapture their investment quickly.  The next generation of lake buyer is much more interested in lifestyle and ease of transition, as well as resale value.  Their first choice when purchasing will be a home lovingly maintained and with updates such as modern kitchen, bathrooms, decks, roofs and systems if needed.

    #7  DRESSING UP THE SHORES:  With water quality and erosion control always an important topic, we are seeing

    copyright Sheila Davis Group

    more homeowners and businesses taking a proactive stance.  Just take a cruise on the lake and you will see homeowners lining the shoreline with granite rip rap stone.  We are receiving the benefit of a beautiful shoreline while also receiving the shoreline protection Lake Lanier is sorely in need of.  Additionally…Old docks are gradually being removed or refurbished, with newer, more attractive and safer docks appearing in their places. Owners with newer and well-maintained docks will also receive some benefits of a higher price at resale.

    copyright V. Holland, Sheila Davis Group

    #8  NORTH VS SOUTH, LIFESTYLE NOW DETERMINES BEST LOCATION: “Location, Location!” Isn’t that what we hear about real estate? In 2017, buyers are interested in “lifestyle living”.  With so many different choices for boating and lifestyles on Lanier, no longer is south or north the preferred location for real estate.  Those still commuting to Atlanta and seeking close proximity to South Lake restaurants and attractions are seeking the south end.  The North Lake still attracts buyers for it’s quieter coves, and private areas for those who enjoy skiing, kayaking and a more peaceful setting.  With so many older established lake neighborhoods, new communities, and country club neighborhoods, there is something for everyone here on Lanier.

    #9   MEGA-RENOVATIONS & TEAR DOWNS: Can’t find that perfect lot? Do what the owners at 6010 Chimney Sold by the Sheila Davis Group, Lake LanierSprings, in Buford did.  In 2004, Drs. Joe Clarino and Deb Cirone, purchased a 70’s cottage on a fantastic south lake lot. They lived their dream of designing and building their ideal lake home around the existing cottage.  In 2008, their stunning new 6000 square foot home and pool were featured on HGTV’s “My Big Amazing Renovation”.  I was fortunate to get to market and sell this stunning home last year. Others are finding that special lot and tearing down the existing cottage to make room for their new custom homes. It’s one way to get that perfect home on your list!

    Lake Lanier home sold by Sheila Davis, The Norton Agency #10 INVESTMENT PROPERTIES:  We see them in all shapes and sizes.  Investment properties are paying out for smart buyers.  Whether it is shifting cash from Wallstreet to Mainstreet for a second home, or the desire to manage a vacation property, we are seeing more and more investment properties.  With the internet and rental sites readily available, investors are making their way to Lanier.  Close proximity to Atlanta, the North Georgia Mountains and the airport makes our lake a smart choice for investors.


    Sheila Davis, VP The Norton Agency

    Sheila Davis, is a lake resident since 1994,  and lead agent for “Lake Lanier’s Finest” aka The Sheila Davis Group, Specializing in Lake Lanier Real Estate at The Norton Agency . You can contact Sheila through her website http://www.LakeLaniersFinest.com. Special thanks to Mary Thompson of Lake Lanier Appraisal Service for her contribution.

     

     

     Published July 2017 The Gainesville Times, August 2017 Lakeside on Lanier News and Lake Lanier Assoc. newsletter July 2017

    http://lakelanier.org/wp-content/uploads/2017/07/LLA_Newsletter_July_2017.pdf 

     

     

     

     

     

     

    Posted in: Featured Posts, Media, Our Blog Tagged: Lake Lanier, Lake Lanier homes for sale, Lake Lanier Neighborhood, Leading Realtor, Sheila Davis Group, The Norton Agency

    High-end housing market picks up on Lake Lanier

    Hall County claims title of most-expensive mansion on the lake
    Nick Bowman

    nbowman@gainesvilletimes.com                                            Updated: Sept. 2, 2017, 9:49 p.m.

    Sidney on Lanier, home sold by Sheila Davis, Lake Lanier Realtors, The Norton AgencyPull out those checkbooks: The most expensive house currently on the market on Lake Lanier is in Hall County.

    The palatial property at 4890 Serene Shores Drive checks in at $8.5 million. For that, a buyer will get six bedrooms, eight full bathrooms, six half bathrooms, a couple of kitchens, 26,797 square feet of living space and some stout gates.

    It was built in 2003 and comes with a two-slip dock, deep water and an annual property tax bill of almost $80,000.

    And with the stock market booming, somebody might just buy the place.

    Always a spot for retired couples or people looking for a second home, Lake Lanier’s high-end home market has seen significantly more activity in the past 12 months as Americans become more optimistic with their money.

    It’s a welcome change for those doing business around the lake, where the 2007 housing market collapse was a sopping wet blanket over one of local real estate’s hottest high-dollar markets.

    “They got hit bad,” Lake Lanier appraisal expert Mary Thompson told The Times. “If they were below the million-dollar mark, it was on average a 30 percent hit. If they were over a million, it was worse.”

    The Lost Decade is over: Lake Lanier values on the upper end are about where they were in the price peak of 2006, and that hasn’t stopped people from buying homes.

    Sales of homes valued at more than $1 million are up 20 percent in the past 12 months, according to the Norton Agency’s Sheila Davis, who specializes in lake sales.

    She credits the boost to an improving economy and low interest rates, but the economy has been the shining star — half of the people who bought homes at $1 million and up paid cash.

    The lake still gets its business executives, who each day mingle will the folks filling up Ga. 400 on their way to and from Atlanta, but more and more the people buying big around Lake Lanier are entrepreneurs.

    “It seems like at least half of our buyers own their own companies, their own businesses,” Davis said. “They can spend a lot of office time at home.”

    About 20 homes worth more than $1 million have sold in the past 12 months. Most of those are being bought by the people you’d expect: empty-nesters and older Americans looking for an easier quality of life than they were getting in their choked metropolitan areas.

    “However, we are seeing younger buyers,” Davis said. “My last million-dollar sale, the buyers were in their 30s and they were buying a full-time home.”

    • Cook Rd,Gainesville, GA Sold by Sheila Davis, The Norton Agency
      Drone photography and video are becoming more important for real estate agents trying to sell high-end homes in Georgia. This home on Cook Road was photographed by drone for Realtor Sheila Davis. Photo courtesy of the Norton Agency
    • 10 Kings Point-65 – Copy
    • 37 Manor Drive-68

    Another new experience for lake realtors: Talking to men about kitchens. The Norton Realtor said she’s seeing that the “men are all about the kitchen” in the high-end homes being sold around the lake.

    They’re looking for large kitchen islands and — this one is popular no matter your tax bracket — open floor plans.

    While the south end of Lake Lanier is the most populated, high-dollar homes are dotted around the lake in either luxury neighborhoods or behind gates on a spur road, like the home on Serene Shores Drive, Davis said.

    The Hall County mansion is a top-notch collection of what deep-pocket buyers are looking for in their lake homes post-recession.

    “They want covered porches, covered decks, patios — all of that outdoor living,” Davis said. “And that’s expensive. They’re major add-ons to these properties.”

    Outdoor living means outdoor entertaining: Many of the most expensive lots around the lake have expansive terrace levels to get guests out of the house and closer to the lake.

    Because at the end of the day, they’re paying for lake. Case in point: 6010 Chimney Springs Road in Buford.

    In 2004, a pair of doctors bought the lot and its 1970s cottage with a plan to build a new home around the cottage.

    When they finished, the lot had a pool, in-home bar, a pair of patios and 6,000 square feet of space. It was featured in “My Big Amazing Renovation” on HGTV.

    They bought it for $437,500. Seven months ago sold for $1.25 million.

     

    Posted in: Media Tagged: Lake Lanier homes for sale, Lake Lanier Neighborhood, Leading Realtor, Sheila Davis Group, The Norton Agency, Top Realtor

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