Lake Oconee Market Update Spring 2017
A new year always brings with it new possibilities and 2017 has all the potential to be outstanding at Lake Oconee, especially in real estate. Whether you’re a full or part-time resident, you can feel the heightened energy and activity in our restaurants, clubhouses, retail stores-- nearly everywhere you go. The mild winter we’ve enjoyed has kept people on the golf courses, out on their boats, and shopping for real estate. This time of year, we’re always anxious for spring to arrive and we’re exceptionally excited to get this season underway. Our team at The Vining Group had another record year with over 35% growth in sales volume thanks to our returning, referring and new Clients and we’re continuing to increase our market share. It seems our message is resonating with local Sellers and Buyers: “Who you choose to work with in real estate makes all the difference.” There’s a reason we’re the #1 team backed by the #1 company. It’s because we provide our Clients with the most comprehensive and aggressive marketing campaigns, top notch personalized service, and sound, honest advice to get their property SOLD at the highest dollar in the shortest amount of time! In our specialized market, it is essential to have the support and exposure of an internationally recognized and respected brokerage firm. Keller Williams is the #1 firm in North America as well as in the Atlanta area where approximately 70% of Lake Oconee’s Buyer and Sellers derive. This gives us an advantage to market our listings and to network with top producing agents to match Buyers and Sellers. Very soon we’ll have even more exciting news to share! Stay tuned because it’s going to be a great year! Regarding our local market: you’ll find in the enclosed information that 2016 data has the kind of numbers we like to see: total sales volume increasing, higher list to sale price percentages, higher average sales prices, lower days on market and more. The category that is lacking is inventory. We have fewer homes on the market now than we did this time last year. This is one of the reasons we’re seeing some Buyers choose to purchase lots and build rather than buy a resale home that requires updating or work to be more comparable to new construction. This is great news if you have a lakefront lot to sell. It is also a clear message to anyone who has been waiting to sell their home. Wait no longer; we need more inventory! The Buyer still reigns, but the tides are beginning to shift more in the Seller’s favor due to supply and demand. We’ve even seen some multiple offer situations this year with well priced homes in turn-key condition. We expect to see stronger Buyer demand this year with more liquidity in our financial markets and the expectation of rising interest rates. As always, we appreciate this opportunity to be your resource in local real estate. If you or anyone you know is considering buying or selling real estate in the Lake Oconee area, be sure to give us a call! 706-816-1010
Choosing The Vining Group will make all the difference! 706.816.1010
|
www. LiveLakeOconee .com
|
706.816.9441
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.
Regional Market Statistics for 2016 Regional Statistics for various locations within the Lake Oconee area divided into sold homes and lots January–December 2016
Sold Home Units 2016
2015
Sold Land Units
2014
2013
2012
Location
2016
2015
2014
2013
2012
Location 105
96
70
80
48
108
82
60
51
41
RLO Lakefront
23
35
23
21
15
RLO Lakefront
37
28
17
25
13
RLO Golf Course
41
26
25
28
13
RLO Golf Course
26
21
22
10
13
RLO Interior
41
35
22
31
20
RLO Interior
45
33
21
16
15
24
31
18
15
12
31
46
43
32
22
6
11
6
1
4
RL Lakefront
7
8
6
4
2
RL Golf Course
7
13
7
10
4
RL Golf Course
11
22
20
15
10
RL Interior
11
7
5
4
4
RL Interior
13
16
17
13
10
23
14
14
9
19
9
6
8
3
2
Reynolds Lake Oconee
Reynolds Landing RL Lakefront
Great Waters
Reynolds Lake Oconee
Reynolds Landing
Great Waters
GW Lakefront
5
1
4
2
3
GW Lakefront
2
2
4
1
0
GW Golf Course
7
4
2
1
2
GW Golf Course
2
2
3
2
0
GW Interior
11
9
8
6
14
GW Interior
5
2
1
0
2
14
20
14
13
13
14
4
13
3
9
CU Lakefront
1
5
1
3
5
CU Lakefront
6
1
6
0
1
CU Golf Course
6
4
4
7
6
CU Golf Course
3
1
1
0
5
CU Interior
7
11
9
3
2
CU Interior
5
2
6
3
3
Cuscowilla
Harbor Club
Cuscowilla
Harbor Club
41
28
22
30
16
65
14
47
19
12
HC Lakefront
6
7
7
9
5
HC Lakefront
4
0
0
7
2
HC Golf Course
12
7
3
4
1
HC Golf Course
11
4
8
5
5
HC Interior
23
14
12
17
10
HC Interior
50
10
39
7
5
2
1
1
2
1
2
0
2
0
1
WE Lakefront
1
0
1
1
1
WE Lakefront
2
0
2
0
1
WE Interior
1
1
0
1
0
WE Interior
0
0
0
0
0
Total in Lake Oconee Area
500
429
342
421
342
Total in Lake Oconee Area
305
201
217
156
135
Putnam County
180
160
142
134
111
Putnam County
51
28
36
15
19
Waters Edge
Waters Edge
Greene County
296
244
172
209
153
Greene County
242
166
168
120
103
Morgan County
24
25
28
78
78
Morgan County
12
7
13
21
13
Under 200K
88
82
79
84
72
Under 200K
217
153
169
83
85
Total Between 200K and 1M
388
321
241
213
161
Total Between 200K and 1M
85
45
46
48
37
Total Over 1M
24
27
22
20
23
Total Over 1M
3
3
2
5
1
Lake Oconee on the Water
122
106
96
74
71
Lake Oconee on the Water
33
15
23
10
14
(not in Golf Community)
(not in Golf Community)
Before listing your home, interview us! Who you decide to work with in real estate doesn’t just define your experience, it can determine the return on your investment! 706.816.1010
|
www. LiveLakeOconee .com
|
706.816.9441
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 You Choose to Work With in Real Estate Makes All the Difference! The Vining Group provides the most comprehensive marketing and professional expertise which results in our Clients getting top dollar for their investment in the shortest amount of time.
Give us a call today to learn about our superior services. “We have dealt with many Realtors over the years and have never experienced the level of exemplary service that the team of Alyce and Jonathan have provided. Most often, we have seen Realtors merely coming along for the ride. In their case, the level of professionalism, attention to details and intuitive approach to selling dynamics and sales process sets this team apart from the pack.� ~ Mark Marshalok
Our Listings Rise Above the Rest...
Our cutting-edge aerial and interior videos beautifully showcase our listings, giving our Sellers a definite advantage. 706.816.1010
|
www. LiveLakeOconee .com
|
706.816.9441
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.
Lake Oconee Market Update 706.816.1010 | 706.816.9441 JonathanVining@gmail.com AlyceVining@gmail.com www.LiveLakeOconee.com
1101 Lake Oconee Parkway Suite C Eatonton, GA 31024
Alyce and Jonathan Vining
For additional information visit m o .c e e n o c O e k a L e www. Liv
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Meet the Team... TEAM: Jonathan Vining
Associate Broker jonathanvining@gmail.com
Alyce Vining
Realtor/Appraiser alycevining@gmail.com
Robin Randall
Office Manager theviningteam@gmail.com
Steve Hepler
Buyer’s Agent shepler@kw.com
Pamela Skinner
Marketing Coordinator thevininggroupllc@gmail.com
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