Vining Group 4th Quarter Real Estate Market Update And the good just keeps getting better! As we reflect back on 2014, we are excited to proclaim that the real estate market at Lake Oconee, as well as the community at large, is continuing to improve—in most every measureable way. We are super optimistic about 2015 and believe it will be Lake Oconee’s best year since the decline in 2008. Distressed property sales have diminished to the point that they have little impact on traditional sales, in terms of appraisals. Lenders are offering a wider range of products and rates continue to remain very low. The increasing number of property owners brings more opportunities for new businesses to open and others to expand, resulting in overall growth for our area. As we continue to offer an expanding medical and commercial base, exemplary education for our children, more job opportunities, and, of course, the natural beauty and enviable lifestyle we’ve always possessed, why wouldn’t potential Buyers want to own Lake Oconee area real estate? In local news, Lake Oconee Academy was recently awarded the National Blue Ribbon Award, which puts them among the top 239 schools across all of America. They continue to hold the distinction of #1 elementary school in GA, have nearly doubled in enrollment to nearly 600 students and have hired many new faculty members. New doctor, lab and physical therapy offices are opening at Harmony Crossings to support The Harbor assisted living community. Cowles Clinic continues to grow and attract more physicians. Publix is scheduled for further expansion within Lake Oconee Village. There are over 70 homes currently under construction within the Reynolds communities and several more in the other communities around the lake. All indicators clearly show that the real estate market has lifted from the bottom and has begun to appreciate. Yes, although the percentage is small at this point, property appreciation is here! So, let’s get more specific with the 2014 real estate numbers. As the data pulled from our Paragon MLS shows, lakefront home sales volume inside the golf communities (41 units) increased by 19% and the average purchase price is up 8% from 2013. Lakefront home sales volume outside the golf communities (96 units) is up 22% and up 2% in average sales price. Lakefront lot sales volume outside the golf communities (22 units) increased a whopping 220% and up 19% in average sales price from 2013. The only segment of lake front property which did not increase in sales volume or units is lakefront lots inside golf communities, which was partially due to the Reynolds Plantation Horseshoe Bend release in 2013. However, the average sales price of this segment still increased by 5%. Unfortunately, our space is limited here to mention every property type. If you’re interested to learn about golf course, off-water, or any other property type, please give us a call. To be clear, these numbers are not to be confused with individual property value or appreciation. These numbers, however, show a distinct improvement in the overall market in terms of units sold, total dollar volume and average purchase price. So, the bottom line is...
Now is the time to list your property and The Vining Group is the real estate team to get it SOLD! 2014 was a record breaking year for us, selling nearly $18 million in real estate, thanks to our fabulous and ever-growing network of new, referring and repeat clients. Contact us today to discuss your property and how our proprietary system to selling real estate produces results. As top-tier Agents in the Lake Oconee area and the Southeast, The Vining Group will ensure your property will receive the broadest, highest quality exposure while listed with us. With consistent and proven results over the last 12 years, you will not find a more professional and service-oriented group focused on the selling of your property.
Call us today and let’s get started! Please be on the lookout for our subsequent newsletters as we keep you apprised of the Lake Oconee market conditions. Also, check out our website at www.LiveLakeOconee.com and follow us through your favorite social media site.
Jonathan & Alyce Vining 706.816.1010 | 706.816.9441
LiveLakeOconee.com All data is pulled from the LCBR Paragon MLS. Information should be considered reliable, but is not warranted. If your property is currently listed with a real estate broker, please disregard. It is not our intention to solicit the offering of other brokers.
Who is The Vining Group? The Vining Group consists of a team of seasoned Realtors and support staff dedicated to providing superior service to our clients, operating as a full service brokerage within Keller Williams and utilizing their worldwide exposure and extensive resources. As leaders in the Lake Oconee market for 12 years, The Vining Group rises above the rest with their knowledge and by actively adapting to our ever-changing real estate environment. This is combined with the experience to understand that comprehensive business systems must be in place to effectively market and sell real estate. Their happily returning and referring client base exemplifies their dedication and success. The Vining Group has represented Buyers & Sellers through booming and difficult real estate conditions. They constantly analyze data to strategically navigate the upcoming trends for their clients. They utilize their network of top producing Agents in Atlanta, Augusta, Athens and beyond to reach outside of our local market. They understand that to be successful in this complicated marketplace, it takes extensive up-to-date knowledge, coupled with experience to bring real estate transactions smoothly from list to close for their clients. The Vining Group continues to maintain top-tier ranking in the Lake Oconee area, closing out 2014 with 54 transactions and nearly $18 million in sales. A few of their recent accolades include: earning membership into the coveted International Diamond Society for 2012, being voted by the Lake Oconee community as The Best in Real Estate in 2013 and being recognized as one of the top selling Keller Williams Agents in the Southeast in 2014. Jonathan has over 20 years of sales experience and offers a wealth of knowledge in construction and land development. He received his B.S. in Urban Development from GSU in 1997. Always active in our community, Jonathan served as the 2012 President of the Lake Country Board of Realtors and chaired/served on the MLS Committee Board for 7 years. Currently, Jonathan serves on the Greene County Planning & Zoning Committee, representing District 4., and serves as chairman for Planning & Zoning for the Citizens Involvement Committee (CIC). Alyce is a native of the Lake Oconee area. Prior to real estate, she worked in the dynamic software industry as Project Manager on various Pharmaceutical account teams, such as Wyeth and Roche. Her projects encompassed multi-million dollar purchasing contracts and managing international product distribution. She received her B.S. in Consumer Sciences from UGA in 1996. Alyce is also a registered GA Real Estate Appraiser. She and Jonathan have a son who is a student at Lake Oconee Academy, where Alyce served as the 2012 President of the Parents' Association and coaches basketball. Pamela Skinner, Marketing/Closing Coordinator, has nearly 5 years experience in the real estate industry. She is a 2007 graduate of GCSU, receiving her B.B.A. in Marketing and obtained her real estate license in the same year. Her education, experience and attention to detail are the ideal characteristics for her position in The Vining Group. Emily Whitaker is devoted to special marketing projects and assisting in servicing our listings. When working with Sellers, The Vining Group devises a proven and aggressive plan to sell their clients’ property, which includes education on current market conditions, appropriate pricing, heavy market exposure and networking through their ever-growing database of Buyers and top producing Agents. They understand that yesterday’s approach to selling real estate has changed in today’s technology based environment and are always on the cutting edge. They maintain open and honest communication with all of their clients and provide reports to measure the success of their marketing. When presented with an offer, their expert negotiating skills put their clients’ interests forward and help them receive top dollar for their property. When working with Buyers, The Vining Group works tirelessly to find their clients' ideal property-- searching each and every local community. Though finding the perfect property is paramount, it is only a singular element of the value which they bring to the table. They assist their clients step-by-step from offer, through due diligence, and to the close of the transaction. They also offer post-closing services to help their clients get settled in their new home and community.
Jonathan & Alyce Vining 706.816.1010 | 706.816.9441
LiveLakeOconee.com
Year-End Regional Market Statistics SOLD HOME UNITS Location
2014 2013 2012 2011 2010
SOLD LAND UNITS Location
2014
2013 2012 2011 2010
Reynolds Plantation RP Lakefront RP Golf Course RP Interior
70 23 25 22
80 21 28 31
48 15 13 20
43 14 12 17
34 Reynolds Plantation RP Lakefront 9 RP Golf Course 11 RP Interior 14
60 17 22 21
51 25 10 16
41 13 13 15
27 11 8 8
35 10 14 11
Reynolds Landing RL Lakefront RL Golf Course RL Interior
18 6 7 5
15 1 10 4
12 4 4 4
5 1 2 2
15 Reynolds Landing RL Lakefront 6 RL Golf Course 6 RL Interior 3
43 6 20 17
32 4 15 13
22 2 10 10
13 1 8 4
31 2 12 17
GW Lakefront GW Golf Course GW Interior
14 4 2 8
9 2 1 6
19 3 2 14
4 2 1 1
11 Great Waters GW Lakefront 1 GW Golf Course 6 GW Interior 4
8 4 3 1
3 1 2 0
2 0 0 2
3 1 1 1
3 1 1 1
CU Lakefront CU Golf Course CU Interior
14 1 4 9
13 3 7 3
13 5 6 2
14 3 5 6
10 2 5 3
CU Lakefront CU Golf Course CU Interior
13 6 1 6
3 0 0 3
9 1 5 3
7 2 0 5
2 1 0 1
HC Lakefront HC Golf Course HC Interior
22 7 3 12
30 9 4 17
16 5 1 10
15 4 1 10
15 5 3 7
HC Lakefront HC Golf Course HC Interior
47 0 8 39
19 7 5 7
12 2 5 5
11 0 8 3
5 3 2 0
217 36 168 13
156 15 120 21
135 19 103 13
107 19 72 16
107 15 86 6
169
83
85
56
61
46 2 22
48 5 10
37 1 14
29 3 9
34 1 6
Great Waters
Cuscowilla
Harbor Club
Total in the Lake Oconee Area 342 421 Putnam County 142 134 Greene County 172 209 Morgan County 28 78
Cuscowilla
Harbor Club
Total in the Lake Oconee Area 342 313 283 Putnam County 111 100 94 Greene County 153 142 122 Morgan County 78 71 67
Under 200K Under 200K 79 84 72 59 64 Total Between 200K and Total Between 200K and 1M 241 213 161 142 134 1M Total Over 1M 22 20 23 19 16 Total Over 1M 96 74 71 72 49 Lake Oconee on the Water Lake Oconee on the Water (not in Golf Community) (not in Golf Community)
Jonathan & Alyce Vining 706.816.1010 | 706.816.9441
LiveLakeOconee.com Look for 2014 Active and Sold Data on the next page‌ This information is obtained from the LCBR MLS and should be deemed reliable but not guaranteed.
Regional Market Statistics for December 2014 Below are Regional Statistics for various locations within the Lake Oconee area broken down into the number of active/sold homes and land lots from January all the way through the end of December 2014.
January - December 2014
Active Home Sold Home Active Land Units Units Units
Sold Land Units
Location RP Lakefront RP Golf Course RP Interior
170 55 63 52
70 23 25 22
277 51 105 121
60 17 22 21
RL Lakefront RL Golf Course RL Interior
25 9 7 9
18 6 7 5
62 16 25 21
43 6 20 17
GW Lakefront GW Golf Course GW Interior
35 3 19 13
14 4 2 8
54 5 26 23
8 4 3 1
CU Lakefront CU Golf Course CU Interior
38 6 8 24
14 1 4 9
30 5 7 18
13 6 1 6
HC Lakefront HC Golf Course HC Interior
29 10 7 12
22 7 3 12
57 14 16 27
47 0 8 39
WE Lakefront WE Interior
3 2 1
1 1 0
5 4 1
1 1 0
Total in the Lake Oconee Area Putnam County Greene County Morgan County
500 188 292 20
342 142 172 28
725 165 503 57
217 36 168 13
Under 200K Total Between 200K and 1M Total Over 1M Lake Oconee on the Water (not in Golf Community)
59 376 65 109
79 241 22 96
475 237 13 107
169 46 2 22
Reynolds Plantation
Reynolds Landing
Great Waters
Cuscowilla
Harbor Club
Waters Edge
Look for Regional Market Stat Graphs on the next page‌
Regional Market Statistics Sold Lakefront Properties Inside the Golf Communities
Outside the Golf Communities
Dollar Volume January 1st - December 31st
Dollar Volume January 1st - December 31st
Homes Lots
$50,000,000
Homes Lots
$70,000,000
$45,000,000
$60,000,000
$40,000,000 $35,000,000
$50,000,000
$30,000,000
$40,000,000
$25,000,000 $20,000,000
$30,000,000
$15,000,000
$20,000,000
$10,000,000
$10,000,000
$5,000,000
$0
$0 2007
2008
2009
2010
2011
2012
2013
2007
2014
2008
Average Purchase Price January 1st - December 31st $1,600,000 $1,400,000
2010
2011
2012
2013
Average Purchase Price January 1st - December 31st
Homes Lots
2009
2014
Homes
Lots $700,000 $600,000
$1,200,000
$500,000
$1,000,000
$400,000 $800,000
$300,000 $600,000
$200,000
$400,000
$100,000
$200,000
$0
$0 2007
2008
2009
2010
2011
2012
2013
2007
2014
2008
2009
2010
2011
2012
2013
Number of Units Sold January 1st - December 31st
Number of Units Sold January 1st - December 31st Homes
Homes
Lots
Lots
45
41
40 35
2014
120
37 36 32
33
32
109 96
100
30
30
27
80
25
23
20
17
72
24
71
76
57
60
51
17
49
15 13
15
13
40 26
9
10
20 5
22
10
8
6
2008
2009
2010
9
14
10
0
0 2007
2008
2009
2010
2011
2012
2013
2014
2007
2011
Jonathan & Alyce Vining 706.816.1010 | 706.816.9441
LiveLakeOconee.com This information is obtained from LCBR MLS and should be considered reliable but not guaranteed.
2012
2013
2014
The Vining Group Sold Nearly $18 Million in Lake Oconee Area Real Estate in 2014!
Your Property Can Be Next!
Whether Buying or Selling Real Estate in the Lake Oconee Area, The Vining Group should be your choice for unparalleled service and results.
Call us today and partner with the best! JonathanVining@gmail.com
706.816.1010
AlyceVining@gmail.com
706.816.9441
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