ON THE MARKET: A look at the Lake Country real estate market
Published 9:47 am Thursday, December 1, 2022
Dear Readers: I hope you all enjoyed Thanksgiving with your loved ones. This was the day we gave thanks to the Lord above for all the blessings he bestowed upon us.
We feel that we have a lot to be thankful for living in Lake Oconee Lake Country. We are truly blessed.
The real estate industry is seeing some changes due to interest rates and low inventory. However, our area still looks healthy and is drawing people from all over the country. We do not foresee this area seeing a big change in sales and listings. As we have stated many times, this is a unique area. (One like no other.)
REAL ESTATE STATS:
LAKE COUNTRY BOARD OF REALTORS
10/1/2022 – 11/30/2022
ACTIVE:
Residential Homes on Market: 291
Average Price: $639,907
Days On Market: 142
Average Price:
3bdrms – $487,388
4bdrms – $981,851
5bdrms – $2,034,726
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SOLD:
Residential Homes Sold: 137
Days on Market: 90
3bdrms – $445,293
4bdrms – $1,110,569
5bdrms – $1,826,153
The stats above indicate that Real Estate is still seeing good times.
If you are interested in buying or selling this still is a good time. Whether you are looking to buy or thinking about selling, call an experienced Realtor to give you professional real estate advice. The holiday season has always proven to be a good time to sell.
(STAT INFORMATION:) Lake Country Board of Realtors LCBOR
THOUGHT FOR THE DAY: Whoever is happy, will make others happy. (Anne Frank)
Contact Information: Shirley Smith/Paul Kautza RE/MAX LAKE COUNTRY 706-453-6333