The Vining Group Real Estate Market Update It’s hard to believe that 2016 is here and a new year is upon us. This is an ideal time to look at market data from the past year to put things into perspective and to help forecast the upcoming year. Enclosed you’ll find a wealth of information on our local real estate market— not only 2015 data, but also data from past years for comparison. As always, we appreciate your time in reading our letters and allowing us the opportunity to be your Lake Oconee real estate connection.
As you review the charts and spreadsheets, you’ll see that we are continuing to trend in the right direction! Most categories of real estate have improved year-over-year since the depths of 2009. Some standout improvements were home sales inside Reynolds Lake Oconee (up 52% on lakefront) and inside Reynolds Landing (up 72% overall). Lakefront lot sales in Reynolds were up an impressive 65% from last year. Although there is still an oversupply of lots on the market, primarily golf course and interior lots (328), increased new construction helped this overall statistic to improve by 5%. Total home sales outside the gated communities were up 25%. 973 homes sold in our MLS last year which was 50% of the available inventory, making this a much healthier absorption rate than past years. Average List Price vs. Sales Price percentages improved on both homes and lots. You’ll notice that the Average Purchase Price for homes and lots decreased. This is not an indicator that values have gone down, but only that more inventory in lower price ranges sold, pulling the averages down. Overall, our market is healthier, Buyer activity is up, interest rates remain historically low and mortgages are readily available. So, if you’re looking to sell your real estate in 2016, now is the time to list your property with The Vining Group! On a personal note, The Vining Group has 2 exciting announcements! Steve Hepler has joined our group as a Sales Associate. Steve brings a wealth of knowledge in sales and marketing, is a resident of Reynolds Lake Oconee and is very active in our community. His level of professionalism and his readiness to meet his clients’ needs make him a perfect match for The Vining Group. Steve is ready to serve, so give him a call at: 404-924-0707
Also, we have earned the coveted membership into KW Luxury Homes International, an exclusive and elite group of real estate consultants who meet production and education requirements, raising the bar in service for the luxury home market. As part of the upper echelon in real estate sales, we are granted access into a powerful international network and specialized, high-end marketing support to reach the affluent Buyer for your luxury home. This is yet another reason to partner with The Vining Group to sell your real estate. Give us a call today to find out why we are
The Best of the Best in Lake Oconee Real Estate. For additional updates on Lake Oconee sales and listings, visit our website:
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The Vining Group 706.816.1010 | 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 is The Vining Group? The Vining Group consists of professional, full-time Realtors and support staff dedicated to delivering the highest level of service to our clients. As leaders in the Lake Oconee real estate market since 2003, The Vining Group rises above their competition with their knowledge, their experience and by actively adapting to our ever-changing real estate environment. Their happily returning and referring clients is a testament to their dedication and to the results they achieve. A few of The Vining Group’s recent accolades include: Earning membership into the International Diamond Society for 2012. They were voted by the Lake Oconee community as The Best in Real Estate in 2013. In 2014, they were recognized as one of the top ranked Keller Williams agents in the Southeast region. In 2015, The Vining Group received the Top 10 Shooting Star award at the Keller Williams National Convention in Orlando. They were ranked as #1 among all KW teams in the Southeast for June 2015 based on GCI. They have also earned the coveted membership into KW Luxury Homes International, which is an exclusive and elite group of real estate consultants who raise the bar in service for the upper-tier home market. As part of the top 2%, they are granted access to a powerful network and high-end marketing support to reach the affluent Buyer for your luxury home. Jonathan has been in professional sales for over 20 years and has a wealth of knowledge in construction and land development. He is highly experienced in the sale of luxury property and is a licensed Broker . 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 and served on the MLS Committee Board for several years. Jonathan currently serves on the Greene County Planning and Zoning Committee, representing District 4, and serves as Chairman of Planning and Zoning for 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 specialized in luxury property sales and is a registered GA Real Estate Appraiser. She and Jonathan’s son is a student at Lake Oconee Academy, where Alyce served as the 2012 President of the Parents' Association and coached basketball. Steve Hepler, Sales Associate, spent over 35 years in sales, marketing and management in the consumer-packaged industry with worldwide corporations, such as Gillette. He and his wife, Hollie (a 25+ year veteran of the pharmaceutical industry), relocated to Reynolds Lake Oconee from Atlanta to enjoy the lifestyle and to immerse themselves into our wonderful community. Steve is passionate about people, real estate and bringing these two together. Pamela Skinner, Marketing and Internet Coordinator, has nearly 6 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.
Kim Miner is our Listing and Transaction Coordinator. Kim studied Business Administration at Georgia Piedmont Technical College. She earned her real estate license in 2005 and listed/sold as an independent agent for several years within Keller Williams. Kim is an essential member of our team and is focused on our listings and managing contracts. 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 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, to closing. They also offer post-closing services to help their clients get settled in their new home and community.
Make the right choice and partner with The Vining Group. The Vining Group 706.816.1010 | 706.816.9441 LiveLakeOconee.com
Sold Lake Oconee Property with Private Frontage Inside the Golf Communities
Outside the Golf Communities
Dollar Volume January 1st - December 31st
Dollar Volume January 1st - December 31st
Homes Lots
Homes Lots
$45,000,000
$70,000,000
$40,000,000 $60,000,000
$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 $5,000,000
$10,000,000
$0
$0 2008
2009
2010
2011
2012
2013
2014
2008
2015
Average Purchase Price January 1st - December 31st
2009
2010
2011
2012
2013
2014
Average Purchase Price January 1st - December 31st Homes Lots
$1,600,000 $1,400,000
2015
Homes
Lots $600,000
$500,000
$1,200,000 $400,000
$1,000,000 $300,000
$800,000 $600,000
$200,000
$400,000 $100,000
$200,000 $0
$0 2008
2009
2010
2011
2012
2013
2014
2008
2015
2009
2010
2011
2012
2013
Homes Lots
70 59
Homes Lots
120 106
60
94
100
40
32
30 30 20
13
13 9
23 17
37 36
41
39
80
33 60
72
71
76
57
51
24
49
40
17
15
2015
Number of Units Sold January 1st - December 31st
Number of Units Sold January 1st - December 31st
50
2014
22
20
10
10
8
6
2008
2009
2010
9
13
15
10
0
0 2008
2009
2010
2011
2012
2013
2014
2015
The Vining Group 706.816.1010 | 706.816.9441 This information is obtained from LCBR MLS and should be considered reliable but not guaranteed.
2011
2012
2013
2014
2015
Regional Market Statistics for January - December 2015 Below are Regional Statistics for various locations within the Lake Oconee area broken down into the number of homes and land lots from January all the way through the end of December 2015.
active/sold
Active Home Units
Sold Home Units
Active Land Units
Sold Land Units
RP Lakefront RP Golf Course RP Interior
140 36 60 44
96 35 26 35
257 48 104 105
82 28 21 33
RL Lakefront RL Golf Course RL Interior
22 4 8 10
31 11 13 7
53 9 25 19
46 8 22 16
GW Lakefront GW Golf Course GW Interior
43 3 22 18
14 1 4 9
59 7 27 25
6 2 2 2
CU Lakefront CU Golf Course CU Interior
46 5 12 29
20 5 4 11
48 7 13 28
4 1 1 2
HC Lakefront HC Golf Course HC Interior
36 8 11 17
28 7 7 14
52 7 13 32
14 0 4 10
WE Lakefront WE Interior
6 3 3
1 0 1
12 4 8
0 0 0
467 194 255 18
429 160 244 25
679 192 451 36
201 28 166 7
36 380 51 107
82 321 27 106
463 202 14 81
153 45 3 15
January - December 2015 Location Reynolds Plantation
Reynolds Landing
Great Waters
Cuscowilla
Harbor Club
Waters Edge
Total in the Lake Oconee Area Putnam County Greene County Morgan County Under 200K Total Between 200K and 1M Total Over 1M Lake Oconee on the Water (not in Golf Community)
The Vining Group 706.816.1010 | 706.816.9441 This information is obtained from LCBR MLS and should be considered reliable but not guaranteed.
Year-End Regional Market Statistics SOLD HOME UNITS Location Reynolds Plantation RP Lakefront RP Golf Course RP Interior
2015 2014 2013 2012 2011
SOLD LAND UNITS Location
96 35 26 35
70 23 25 22
80 21 28 31
48 15 13 20
43 14 12 17
Reynolds Plantation RP Lakefront RP Golf Course RP Interior
31 RL Lakefront 11 RL Golf Course 13 RL Interior 7
18 6 7 5
15 1 10 4
12 4 4 4
5 1 2 2
Reynolds Landing
14 GW Lakefront 1 GW Golf Course 4 GW Interior 9
14 4 2 8
9 2 1 6
19 3 2 14
4 2 1 1
Great Waters
20 CU Lakefront 5 CU Golf Course 4 CU Interior 11
14 1 4 9
13 3 7 3
13 5 6 2
14 3 5 6
Cuscowilla
Harbor Club
28 HC Lakefront 7 HC Golf Course 7 HC Interior 14
22 7 3 12
30 9 4 17
16 5 1 10
15 4 1 10
Waters Edge
1 0 1
1 1 0
2 1 1
1 1 0
3 2 1
Total in the Lake Oconee Area Putnam County Greene County Morgan County
429 160 244 25
342 142 172 28
421 134 209 78
Under 200K Total Between 200K and 1M Total Over 1M Lake Oconee on the Water (not in Golf Community)
82 321 27 106
79 241 22 96
84 213 20 74
Reynolds Landing
Great Waters
Cuscowilla
WE Lakefront WE Interior
2015 2014 2013 2012 2011 82 28 21 33
60 17 22 21
51 25 10 16
41 13 13 15
27 11 8 8
46 RL Lakefront 8 RL Golf Course 22 RL Interior 16
43 6 20 17
32 4 15 13
22 2 10 10
13 1 8 4
GW Lakefront GW Golf Course GW Interior
6 2 2 2
8 4 3 1
3 1 2 0
2 0 0 2
3 1 1 1
CU Lakefront CU Golf Course CU Interior
4 1 1 2
13 6 1 6
3 0 0 3
9 1 5 3
7 2 0 5
Harbor Club
14 HC Lakefront 0 HC Golf Course 4 HC Interior 10
47 0 8 39
19 7 5 7
12 2 5 5
11 0 8 3
Waters Edge
0 0 0
2 2 0
0 0 0
1 1 0
0 0 0
342 313 Total in the Lake Oconee Area 201 111 100 Putnam County 28 153 142 Greene County 166 78 71 Morgan County 7
217 36 168 13
156 15 120 21
135 19 103 13
107 19 72 16
72 59 Under 200K 153 161 142 Total Between 200K and 1M 45 23 19 Total Over 1M 3 71 72 Lake Oconee on the Water 15 (not in Golf Community)
169 46 2 23
83 48 5 10
85 37 1 14
56 29 3 9
WE Lakefront WE Interior
The Vining Group 706.816.1010 | 706.816.9441 This information is obtained from LCBR MLS and should be considered reliable but not guaranteed.
Client Testimonials Our Clients will always be the cornerstone of our business. Research shows that past client ratings and testimonials are the most influential factor to encourage new clients to contact us. They trust the opinion of those who have the experience of working with us. We remain successful when our happy clients become returning clients, and when they refer us to their friends and family. Here’s feedback from just a few of our past clients:
The Vining Group 706.816.1010 | 706.816.9441 LiveLakeOconee.com