LAKE LANIER REAL ESTATE – We are the #1 Lake Lanier Realtors, 20 Years selling Lake Lanier Homes for Sale - We help both Buyers and Sellers, Call today for a no-obligation home consultation 770-235-6907. Top Lake Lanier Real Estate, LakeLaniersFinest.com, Leading Agents Lake Lanier
2020 Lake Sales Surge: 2019 was a banner year for Lake Lanier real estate, and 2020 rolled in with optimism. In March, the Pandemic hit and quieted the market for about six weeks. During that period, the online virtual showings were strong, and some onsite showings were happening under COVID-19 guidelines. In May the large pent-up demand created a flurry of showings and sales between May and December. Full price and over list multiple offers were flying for attractive homes on good lots. January of 2021 will begin with a historically low inventory of only 62 lake homes. 2019 began the year with 200 homes available, and that was a record low. The stage is set for another Seller’s Market in 2021, although Buyers are also winners gaining a spot at the lake!
510 lake homes with private docks or homes in neighborhoods with marina style dock access sold in 2020, a 40% increase over 2019. 401 lake homes with private docks closed vs 329 last year, a 22% increase.
Historic Active Listings 2015-2020
Closed Price and DOM 2020 10 years
The average sales price for a home with a private dock was $781,697, an increase of 21.7%. The average sales price of all Lake Lanier homes, including homes in neighborhoods with boat slips at neighborhood marinas, was $650,000, a 5% increase overall.
The average sales to list price was 96.2% and Days on Market was 75, compared to last year’s 95.7% and 108 Days on Market.
Luxury Lake Is Hot: Luxury lake sales really took off in 2020. 160 homes over $800,000 sold vs 88 in 2019. A record 90 homes over $1,000,000 sold vs only 26 in 2019! Days on market was just 97 days, and the list to sales price was 94.5%. Many homes sold at full price or more with multiple offers, predominately in the $800,000 to $1,200,000 range. Luxury homes made up 31% of lake homes sales against last year’s 17%. It was a seller’s market with on average only 40 homes available at a time. In years past there have been over 100 homes on the market for buyers to choose from. With demand high and supply low, sellers should not delay, and list first quarter of 2021.
Second Home Demand Increases in Pandemic: With “work at home” and “school at home” in 2020, it is not surprising Lake Lanier has seen many more buyers wanting a safe haven away from the cities. Lake Lanier never shut down and was a safe haven that enabled residents to enjoy outdoor recreation, while working and schooling from home. Many buyers are still chasing that elusive lake cottage under $500,000, IF they can find it. These properties are scooped up in a day or two and with multiple offers, so act fast when you see it.
Migration from Other States: Lake Lanier has seen increased migration from out of state buyers leaving pandemic locked down states for job opportunities, better quality of life and weather, with less restrictions and taxes. Our beautiful lake is attractive to those moving from other waterfront areas and Buyers see our prices as more appealing.
The Reserve Club & MarinaMulti-Slip Subdivisions Gain Popularity: New and existing lake neighborhoods with marina style docks were hot as builders’ spec homes, custom builds and resales hit the market, contributing to a 40% in increase in total lake homes sold. Subdivisions such as The Reserve at Lake Lanier, Hickory Lakeside, Dawson Pointe, Chestatee on Lake Lanier, Chestatee Cove on the west side of the lake and Marina Bay, Harbour Point, Summercrest and others, on mid and north lake, and Cresswind at Lake Lanier and Bay Point on the southeast side, have provided new home and resale options for buyers wanting a more traditional neighborhood feel and amenities.
Year of Rain Continues the Trend of High Lake Levels: A full lake is always good for lake recreation and home sales, although I must say a few more sunny weekends this year would be nice! Thanks to rain and good CORPS management, the lake levels have been high for over three years, and except for a few years it dropped just below 1065, it has been consistently high since 2011.
Boat Dock Upgrades, Safety and Maintenance: Boats are getting larger and making larger wakes due to the popularity of wake boarding and wake surfing. There are only about 30 days a year of big traffic days, but homeowners are seeing the need to maintenance and replace old docks to adapt to the increased lake activity and larger boats. Homes with newer docks with larger boat slips are in demand and well maintained and safe docks are better received by Buyers.
Lake Homes Trends: Updated kitchens and baths have been a top priority for lake buyers for years. With the pandemic, we are now seeing the resurgence of the home office(s) and zoom spaces as work and school at home have been in the spotlight. Buyers also are attracted to comfortable outdoor spaces such as covered decks and patios, pools, hot tubs, fireplaces and fire pit areas.
Sheila Davis 770-235-6907
Sheila Davis is the lead agent at LakeLaniersFinest.com, a VP and Partner at The Norton Agency in Gainesville, a LLA Board Member and a Lake Lanier resident for 26 years. The Sheila Davis Real Estate Group is #1 in Lake Lanier Sales and sold $70 over million in 2020, with the 89.62% in Lake sales.
Fantastic 5 bedroom/ 4.5 bath Lake home just minutes to Gainesville, Northeast Georgia Hospital, & I 985! Gorgeous lake views & deep water single slip dock (permit for 32×32 twin slip). Buy it before spring and be ready to enjoy the Lake Life! Spacious home recently updated with beautiful new granite in the kitchen, stainless appliances, new roof, newer HVAC systems, decks, most bathrooms plus a finished terrace level is open with a wet bar, 2 BR’s, bath, & large rec room.FMLS#6028196, Call Sheila to view or for more info, 2734 Bridgewater Drive, Gainesville, GA 30506, https://search.sheiladavisco.com/idx/featured
The Sheila Davis Group has just listed your perfect “Second Home” on the lake! Enjoy this cozy, warm and inviting waterfront Cottage on Lake Lanier complete with a top of the line private 32′ x 32′ single slip covered dock that is always in super deep water. The inside of the lakehouse features pine floors, board & batten white washed walls, and charming kitchen with an island that is open to the family room with stone fireplace. The beautiful master suite is located upstairs and has a balcony to view the lake. There is a lovely screened porch on the main level and decks on every floor! The terrace level features a bunk room plus a bedroom and full bath that opens to the covered porch. You will never want to leave this inviting Lakehouse! Convenient to GA400, 157 N. Chestatee Point, Dawsonville, Georgia 30534, Offered at $389,000, Click here for Details, To schedule an appointment to see this lakehousecall 770-235-6907
School is back in session, the holidays are right around the corner, you might not think that now is the best time to sell your house. But with inventory below historic numbers and demand still strong, you could be missing out on a great opportunity for your family.
Here are five reasons why you should consider selling your house this fall:
1. Demand Is Strong
The latest Realtors’ Confidence Index from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are in the market right now!
Take advantage of the buyer activity currently in the market.
2. There Is Less Competition Now
According to NAR’s latest Existing Home Sales Report, the supply of homes for sale is still under the 6-month supply that is needed for a normal housing market at 4.7-months.
This means, in most areas, there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices. However, additional inventory is about to come to market.
There is a pent-up desire for many homeowners to move, as they were unable to sell over the last few years because of a negative equity situation. Homeowners are now seeing a return to positive equity as real estate values have increased over the last two years. Many of these homes will be coming to the market this fall.
Also, as builders regain confidence in the market, new construction of single-family homes is projected to continue to increase over the next two years, reaching historic levels by 2017. Last month’s new home sales numbers show that many buyers who have not been able to find their dream home within the existing inventory have turned to new construction to fulfill their needs.
The choices buyers have will continue to increase. Don’t wait until all this other inventory of homes comes to market before you sell.
3. The Process Will Be Quicker
Fannie Mae announced that they anticipate an acceleration in home sales that will surpass 2007’s pace. As the market heats up, banks will be inundated with loan inquiries causing closing-time lines to lengthen. Selling now will make the process quicker & simpler.
4. There Will Never Be a Better Time to Move Up
If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by 5.3% over the next year, according to CoreLogic. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait.
According to Freddie Mac’s latest report, you can also lock-in your 30-year housing expense with an interest rate around 3.46% right now. Interest rates are projected to increase moderately over the next 12 months. Even a small increase in rate will have a big impact on your housing cost.
5. It’s Time to Move On with Your Life
Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?
Only you know the answers to the questions above. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to move on and start living the life you desire.
We, at the Sheila Davis Group, would love to help you sell your home or assist you in finding your dream home. Please give us a call for a no-obligation market analysis, 770-235-6907.
Gorgeous landscaped backyard with irrigation and privacy fencing
Dining room currently being used as an office
Study
Master suite with sitting room
Master bath
Guest full bath
Just Listed in Cumming: Sheila Davis Group
Beautifully maintained 3BR/ 2.5BA home with a private fenced backyard located in the great Concord Farms neighborhood near the West Forsyth Schools and convenient to Vickery Village shopping. The home features gorgeous granite and stainless kitchen with an island and open to the breakfast room and Great Room. There is a charming vaulted screened porch perfect for entertaining which overlooks the gorgeous landscaped yard with irrigation system. The oversized upstairs master suite with sitting room (could be made into 4th BR or nursery) and a spacious closet. The Master bath has double vanities, tile shower and jetted tub. There is also a separate main level study and a formal dining room. The garage is oversized. This home is ready to move in and enjoy! Offered at $295,000, Full listing details click here 5015 Pinto Pass- Cumming Listing details
The Sheila Davis Group has just listed this gorgeous brick estate with a pool in the desirable North Hall area. Offered at $449,000, This home offers tranquility and privacy on three gorgeous acres featuring a babbling creek. There is plenty of room for your toys as it has an additional detached 2 car garage/workshop. There is a new salt water pool with pool house which makes this home perfect for backyard entertaining! Beautiful hardwoods and tall ceilings are found throughout the main living areas. The Finished terrace level features a fitness room and a second master suite. There is a bonus room upstairs with a half bath which makes a great recreation room or a home office! Located in the sought after North Hall School district. Please text agent, Nicole Columbo @ 678-858-0265 to see this North Hall Beauty!FMLS #5741691, Click here for full listing details
As part of the dynamic Sheila Davis & Company team I am fortunate enough to be able to work with people who are incredibly interesting and due to the nature of what we do I am often in their homes, which so intrigue me. A prime example of one such occurrence was yesterday’s open house at a Lake Lanier home that we have for sale at 514 River Sound Lane in the luxury golf and lake community that is Chestatee. This home is located directly on the lake with expansive big water views and where the approach to the home is as picturesque as any drive could possibly be. Just making my way to the home is always such a welcomed experience as the scenery runs the gambit from luscious golf course views and tree lined streets, to hints of big water and the feel of a community that is proud of all it represents. The homes are lovely and the yards impeccably kept and none no more so than the site of our open house luncheon on Tuesday. The owners of this home have poured their lives into the home and grounds and it is so evident the minute you drive up. This impeccably built and maintained home speaks volumes as to the nature of its devoted owners and their love of beauty, fine things, and the home they built together. The front porch alone looks as if it should be in a magazine whether the topic be “picture perfect porches” or “perfecting the art of plants and planters”! All of what greets you outside the home is a prelude to what awaits inside as this home has every element desirable in a home on Lake Lanier. It is designed to be a place of respite full of every creature comfort while it is apparent that no stone has been left unturned in its upkeep and attention to detail. Once inside you see the gorgeous view to the water and all the outside living spaces dedicated to a life well-lived on the lake inside and out. The home sits on a huge fenced lot that has been as meticulously designed and well maintained as the home. As you enjoy the seating areas along the lake shore you can take in the sights and sounds of the lake and the marina close by. If you haven’t taken the time to explore just what this home has to offer now is the time to do it! Whomever is lucky enough to be the new owner of 514 River Sound Lane will be lucky indeed! For a video tour go to: www.514RiverSoundLane.infohttps://www.sheiladavisco.com/wp-admin/media-upload.php?post_id=5139&type=image&TB_iframe=1
Luxury Lake Is Hot: Luxury lake sales really took off in 2020. 160 homes over $800,000 sold vs 88 in 2019. A record 90 homes over $1,000,000 sold vs only 26 in 2019! Days on market was just 97 days, and the list to sales price was 94.5%. Many homes sold at full price or more with multiple offers, predominately in the $800,000 to $1,200,000 range. Luxury homes made up 31% of lake homes sales against last year’s 17%. It was a seller’s market with on average only 40 homes available at a time. In years past there have been over 100 homes on the market for buyers to choose from. With demand high and supply low, sellers should not delay, and list first quarter of 2021.
Second Home Demand Increases in Pandemic: With “work at home” and “school at home” in 2020, it is not surprising Lake Lanier has seen many more buyers wanting a safe haven away from the cities. Lake Lanier never shut down and was a safe haven that enabled residents to enjoy outdoor recreation, while working and schooling from home. Many buyers are still chasing that elusive lake cottage under $500,000, IF they can find it. These properties are scooped up in a day or two and with multiple offers, so act fast when you see it.
Year of Rain Continues the Trend of High Lake Levels: A full lake is always good for lake recreation and home sales, although I must say a few more sunny weekends this year would be nice! Thanks to rain and good CORPS management, the lake levels have been high for over three years, and except for a few years it dropped just below 1065, it has been consistently high since 2011.
