The Vining Group Real Estate Market Update Summer is here and the prime season for Lake Oconee real estate is upon us. The market had a sluggish start this year, however, we’re now back to positive numbers. The “Most Improved” numbers this year so far have been in lot sales, which are finally ticking up in almost every category. In fact, overall total dollar volume for lots is up about 16% compared to the first half of last year. This increase is due to the number of sales (volume), and not the average sales price, which actually decreased slightly. All you have to do is drive around our community to see that new construction is up. Since the beginning of the year, Greene County has, on average, granted 16 new home permits per month, with Putnam averaging around 10. This is great news for our area and we anticipate seeing this trend moving forward. Though the numbers have improved for lots, the market continues to have an oversupply of non-lakefront lots for sale. There are over 200 interior lots and nearly 180 golf course lots currently on the market. The vast majority of these properties are within the Reynolds communities, who continue to release more company-owned lots, often with incentives, making resale extremely difficult. In order to be competitive, these resale interior and golf course lots simply must be best in price and class to sell. Most numbers for home sales have improved from last year as well, with non-gated lakefront and gated interior homes leading the pack. The categories which declined slightly are gated lakefront homes and homes over $1Million. As leaders in this real estate market, we have Buyers looking at all property types, putting us in a unique position to understand market activity beyond just the numbers. The decline in these categories is directly connected to the current inventory. As shown through the increased lot sales and new construction, the current inventory is not meeting the expectations of the Buyers. They are now opting to build rather than to buy and remodel/update. To compete, Sellers must enter the market in a strong position and present their property in “market-ready” condition. This is where The Vining Group excels and brings huge value to our Sellers. In addition to implementing the most extensive marketing plan at Lake Oconee, we advise our Clients on getting their property in optimal condition in order to sell in the shortest amount of time for the highest dollar.
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!
Make the right choice and partner with The Vining Group. For additional information and updates on Lake Oconee real estate, visit our website:
www.LiveLakeOconee.com 706.816.1010 | 706.816.9441 JonathanVining@gmail.com AlyceVining@gmail.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 professional, full-time Realtors and support staff dedicated to delivering the highest level of service to their 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 the ever-changing real estate environment. Their happily returning and referring Clients are 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. Ranked #1 among all KW teams in the Southeast for June 2015 based on GCI. The Vining Group earned the Quadruple Gold Medallion for their production in 2015 from Keller Williams. Jonathan received the Phoenix award in April 2016 from the LCBR. 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 20+ year s in pr o fessio nal sales and has a w ealth of know ledge in constr uction and land development. He specializes in lakefront and golf course properties. He is also a licensed real estate Broker. Jonathan 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 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 & Zoning for Citizens Involvement Committee (CIC). Alyce is a native of the Lake Oco nee ar ea. Prior to real estate, she worked in the dynamic software industry as Project Manager on 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 specializes in lakefront and luxury property sales and is a registered GA Real Estate Appraiser. She and Jonathan’s son is an honor student at Lake Oconee Academy, where Alyce served as the 2012 President of the Parents' Association, served on the Denim and Diamonds committee and coached basketball. Steve Hepler, Sales Asso ciate, spent o ver 35 year s in sales, m ar keting and m anagem ent in th e co nsum er 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. Robin Randall, Office Manager , is a 1994 gr aduate of UGA and obtained her r eal estate license in 1996. Ro bin has years of real estate office experience and also taught Technology. Her organizational, tech-savvy and management skills keep our office running smoothly. Pamela Skinner, Mar keting and Inter net Co or dinator , has near ly 6 year s exper ience in the r eal 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 Tr ansactio n Coor dinator . 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. Meredith Grill, Special Pr o jects Coo r dinato r , assists w ith var ious m ar keting pr ojects and ser vicing o ur listings. Meredith is a high honors student at Lake Oconee Academy.
706.816.1010 | 706.816.9441 JonathanVining@gmail.com AlyceVining@gmail.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
$70,000,000
$50,000,000
$60,000,000
$40,000,000
Homes Lots
$50,000,000 $40,000,000
$30,000,000
$30,000,000
$20,000,000
$20,000,000
$10,000,000
$10,000,000
$0
$0 2008 2009 2010 2011 2012 2013 2014 2015
Average Purchase Price January 1st - December 31st
2008 2009 2010 2011 2012 2013 2014 2015
Average Purchase Price January 1st - December 31st
Homes Lots
$2,000,000
Homes Lots
$600,000
$500,000 $1,500,000
$400,000 $300,000
$1,000,000
$200,000 $500,000
$100,000 $0
$0
2008 2009 2010 2011 2012 2013 2014 2015
2008 2009 2010 2011 2012 2013 2014 2015
Number of Units Sold January 1st - December 31st 70
59
60 50 40
32
30
30 20
13
13 9
23 17
24 15
Number of Units Sold January 1st - December 31st
Homes Lots
41 33
37 36
39
17
Homes Lots
150 94
100
72
71
76
6
9
13
10
2010
2011
2012
2013
57
51
49
10
8
2008
2009
50
10 0
106
22
15
2014
2015
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.
Regional Market Statistics for January—May 2016 Regional Statistics for various locations within the Lake Oconee area divided into active/sold homes and lots January- May 2016
Gated Lake Oconee Properties January - May 2016
Active Home Units
Sold Home Units
Active Land Units
Sold Land Units
Non-Gated Lake Oconee Properties Active Home Units
Sold Home Units
Active Land Units
Sold Land Units
119
40
81
9
Greene County Putnam County Morgan County
42
20
41
4
57 20
14 6
28 12
3 2
Under $400K Between $400K and $600k Between $600k and $800k Between $800k and 1M Over 1M
48 40 21
17 13 8
77 1 1
9 0 0
6 4
1 1
0 2
0 0
54 30 19 5
41 15 24 2
129 48 57 24
10 8 2 0
46 6 2 0 0
40 1 0 0 0
120 3 3 0 3
10 0 0 0 0
26
15
N/A
N/A
23
11
3
4
N/A N/A
N/A N/A
0
0
N/A
N/A
January - May 2016 Location
Location Reynolds Lake Oconee RP Lakefront RP Golf Course RP Interior
188 39 81 68
37 6 16 15
245 45 96 104
34 14 4 16
The Landing RL Lakefront RL Golf Course RL Interior
32 7 11 14
7 0 3 4
70 12 33 25
9 3 3 3
Great Waters GW Lakefront GW Golf Course GW Interior
54 6 24 24
6 1 2 3
56 7 24 25
4 2 0 2
Cuscowilla CU Lakefront CU Golf Course CU Interior
46 7 16 23
3 0 1 2
57 17 12 28
6 2 2 2
Harbor Club HC Lakefront HC Golf Course HC Interior
39 7 14 18
11 2 2 7
57 16 14 27
54 1 8 45
Waters Edge WE Lakefront WE Interior
8 3 5
2 1 1
14 6 8
1 1 0
Under $400K
107
28
432
98
$400K -600K
117
19
18
7
$600K -800K $800K -1M $1Mil +
51
12
28
2
29 63
4 3
7 14
1 0
Lakefront Properties
Off water Properties Putnam County Greene County Morgan County Under $400K $400K -600K $600K -800K $800K -1M $1Mil +
Lakefront Townhomes / Condos Putnam County Greene County Morgan County
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
2015 2014 2013 2012 2011
SOLD LAND UNITS Location
2015 2014 2013 2012 2011
Reynolds Lake Oconee RP Lakefront RP Golf Course RP Interior
96 35 26 35
70 23 25 22
80 21 28 31
48 15 13 20
43 Reynolds Lake Oconee 14 RP Lakefront RP Golf Course 12 RP Interior 17
82 28 21 33
60 17 22 21
51 25 10 16
41 13 13 15
27 11 8 8
The Landing RL Lakefront RL Golf Course RL Interior
31 11 13 7
18 6 7 5
15 1 10 4
12 4 4 4
5 1 2 2
The Landing RL Lakefront RL Golf Course RL Interior
46 8 22 16
43 6 20 17
32 4 15 13
22 2 10 10
13 1 8 4
Great Waters GW Lakefront GW Golf Course GW Interior
14 1 4 9
14 4 2 8
9 2 1 6
19 3 2 14
4 2 1 1
Great Waters 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
Cuscowilla CU Lakefront CU Golf Course CU Interior
20 5 4 11
14 1 4 9
13 3 7 3
13 5 6 2
14 Cuscowilla CU Lakefront 3 CU Golf Course 5 CU Interior 6
4 1 1 2
13 6 1 6
3 0 0 3
9 1 5 3
7 2 0 5
Harbor Club HC Lakefront HC Golf Course HC Interior
28 7 7 14
22 7 3 12
30 9 4 17
16 5 1 10
15 Harbor Club HC Lakefront 4 HC Golf Course 1 HC Interior 10
14 0 4 10
47 0 8 39
19 7 5 7
12 2 5 5
11 0 8 3
Waters Edge WE Lakefront WE Interior
1 0 1
1 1 0
2 1 1
1 1 0
3 2 1
0 0 0
2 2 0
0 0 0
1 1 0
0 0 0
Total in the Lake Oconee Area Putnam County Greene County Morgan County
429 160 244 25
342 142 172 28
421 134 209 78
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
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
72 59 161 142 23 19 71 72
169 46 2 23
83 48 5 10
85 37 1 14
56 29 3 9
Waters Edge WE Lakefront WE Interior
Under 200K Total Between 200K and 1M Total Over 1M Lake Oconee on the Water (not in Golf Community)
706.816.1010 | 706.816.9441 JonathanVining@gmail.com AlyceVining@gmail.com This information is obtained from LCBR MLS and should be considered reliable but not guaranteed.
153 45 3 15
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 Clients return to us and when they happily refer us to their friends and family. Here’s feedback from just a few of our past Clients: We have had a great experience both times we have used The Vining Group. They have a great understanding of the Lake Oconee market. We have used them for both our personal home and for buying an investment property. They were great both times and were very helpful and informative. We would definitely use Alyce and Jonathan again and would highly recommend them to others. George Turner
The Vinings have done an excellent job selling properties for us at The Peoples Bank. In 2015 he sold five properties for us and I have found them to be outstanding Realtors. They have great knowledge of the Lake Oconee and Sinclair area and are very responsive to any of our calls or requests. I would proudly recommend The Vining Group to anyone looking for a Realtor. Mike Rountree, The Peoples Bank
I have sold several homes in my life and have NEVER had the professional attitude and work ethic that I experienced with Jonathan. He absolutely understands his market place, is receptive to ideas and always responsive when you call. We had brief difficulty near closing and Jonathan kept me appraised daily while he professionally handled all problems . I NEVER worried when he was around. John Martin Harvey
Alyce was great to work with. She took the time to assess our needs and find the perfect property for us. Her follow up and support as we worked through the purchase, and set up of local services was great. We would use them again. Brad Weselman
Jonathan and Alyce Vining surpassed all of our expectations for the marketing and sale of our property. Their suggested price was on target as was their estimation for the amount of time to find a buyer. They kept us informed of the interest in our property and were invaluable in negotiating the final price which exceeded a number we would have accepted. They steered us away from a speculative buyer in favor of a more secure offer. They deftly handled all aspects of the closing. I would highly recommend their services and expertise. Jeff & Kathryn Tunning
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
Jonathan helped my wife and me purchase a home in Reynolds. We found him to be very professional and very knowledgeable about the real estate market. He was quick to return phone calls, emails and text messages. He thoroughly researched the market and helped us negotiate the best purchase price. This was the second time we used Jonathan for purchasing real estate and I highly recommend him to anyone Mr. Vining was a pleasure to work with... He was very professional and considering purchasing or selling property in the Lake Oconee area. stayed in constant contact before and during the sales process. He Mark Duclos made the entire process seem effortless. I would recommend him to any future seller in Lake Oconee area. I am sure he is one of the best My experience with Jonathan and Alyce was great! They are knowlon the Lake. Mike Waresk edgeable about the Lake Oconee real estate market from a retail and investment perspective. They did a great job of keeping me up to date This is the second time we have done business with Alyce. The first on the marketing, the closing process and always answered my questime we were purchasing our condo and, just recently, she sold the tions promptly. I’ve used a number of other Realtors in the past and condo. Alyce is a professional. She is timely when you meet with her. they are by far the best I’ve ever encountered. I highly recommend She returns phone calls and emails promptly. She gives you her honest The Vining Group. Eric Lundblad opinion. Our condo sold in less than two months. The Vining Group does extensive marketing. The next time we need a Realtor in the Very impressed with their prompt service and professionalism. We Eatonton/Greensboro area, we will be calling Alyce. Barbara Irwin would recommend the Vinings to anyone looking to buy or sell property in the Lake Oconee area. Wade Johnson
The Vining Group 706.816.1010 | 706.816.9441 LiveLakeOconee.com