Here are the long awaited Lake Lanier Sales Stats for the First Half of 2010.
We will compare these numbers against the same period last year as well as to the last half of 2009.
OVERALL THE NEWS IS VERY GOOD. CAN'T WAIT TO SEE THE NUMBERS FOR 2ND HALF OF 2010. THEY WILL REALLY TELL THE STORY ON LAKE LANIER, SINCE THIS IS THE FIRST SEASON WE HAVE BEEN AT FULL POOL WITH NO MORE DOCK PERMITS, SINCE THE "GREAT DEPRESSION" STARTED ON THIS LAKE IN 2007.
Please keep in mind that these numbers are taken from FMLS search of only those homes that are listed as Lakefront with Boat Docks or Permits in place and do not include Platform or Community Dock Home Sales.
Number of Sales first half of 2010 = 29
($195,000 - $713,900)
a 94% increase from this time last year.....WOW!
Average sales price = $421,671
Average Days on Market = 146
** Please note these numbers are actually higher, in many cases much higher because many listings are relisted and the counter starts over again.
Foreclosure Sales = 13 or 44.8%... OUCH!
Average List Price to Sales Price Ratio = 87% This is UP 4% from last year at this time, so that is GOOD news. Down just 1 % from Last Half of 2009.
Number of Sales Last Half of 2009 = 32
($165,600 - $2,000,000)
Average Sales Price: $532,253 ( over $100,000 higher than first half of 2010)
Average Days On Market = 181
** Please note these numbers are actually higher, in many cases much higher because many listings are relisted and the counter starts over again.
Number of Foreclosures = 7 or 21.8% ( 50% + Decline from First Half of 2010)
Average List to Sales Price Ratio = 88%
Number of Sale first half of 2009 = 15
($240,000- $1,200,000)
Average Sale Price: $490,681
Average Days on Market = 179
** Please note these numbers are actually higher, in many cases much higher because many listings are relisted and the counter starts over again.
** Take Away that one high sale over 1 million and the stats are as follows:
Average Sales Price = $440,015 (Similar to First Half 2010, lower than Last Half of 2009) ** WE may be able to expect an even higher Average Sales Price for Second Half of 2010....See below.
Average D.O.M = 96
Foreclosure Sales = 7 or 46% were Bank/Lender Sales, slightly more than 2010.
Average List Price to Sales Price Ratio: 83%.
LISTINGS:
There are currently 487 Lake Lanier Homes Listed in FMLS with individual boat dock permits, which range from low of $205,000 to High of $14,500,000. The high end listing is a home that has been on and off the market for years. The next highest listing price was $4,995,000.
The Average Listing Price is $785,000. A good bit higher than the average Sale Price. If we applied an 85% list to sales price average, the average Anticipated Sales Price going forward would be in the mid $600,000 Range. However, this number assumes the Average Listing Price does not drop considerably.
There are 27 listings Noted as Foreclosures, Corporate or Lender Owned, which is only 5.5%. This is a HUGE drop from the actual number of sales involving Foreclosures. This is a very good indicator that we are purging the system of Lake Lanier Foreclosures! Very good NEWS!
** Additional Information: There were 59 Listings Withdrawn & Expired in first quarter of 2010. Of that number 5% or 3 were listed as Foreclosures. Average Listing Price for Expired and Withdrawn Listings was $772,000.
There are 22 Pending Sales of which 9 are listed as foreclosures, which is 41%. Closer to the percentage of sales that were foreclosures. This is roughly the same number of pendings as in the first half of 2009.
Supply and Demand working in Lake Lanier's favor! The fewer the Foreclosures out there, the higher the prices are likely to go on Lake Lanier.
Mary Thompson's Viewpoint/Summary:
These Lake Lanier Stats are fantastic news overall! It is not great news for those Lake Lanier homes priced in the upper tiers, since the average sales price is under $500,000. But it is good news for the anticipated values in the future. Far less supply, far fewer foreclosures...all good indicators for rising prices.
We are still a far cry from the Peak Years in 2005-2006, but we are certainly heading in the right direction!
Sellers are pocketing a little more at closing since the list to sales price percentages have risen and it appears days on market are declining, also good news.
If you are a Seller, Buyer or Realtor on Lake Lanier, spread the news!
Lake Lanier Sellers: you may be in for a BETTER year in 2010.
Lake Lanier Buyers: You better get out there and start buying Lake Lanier as Far Fewer Deals will exist going forward.
Lake Lanier Realtors: Sales will be up and the really bad news that you have had to break to your sellers may be ending this year!
Friday, August 20, 2010
Lake Experts you Need to Advertise your Speciality!
If you are not advertising your Waterfront or Lakefront Specialty here, then you are losing BIG money! Capitalize on your Waterfront or Lakefront Speciality.
You have to spend money to make money and not having an advertising plan is just plain bad business.
Our Lake Lanier business, represents roughly 20% of our total appraisal business income. We have become known as the experts on Lake Lanier and it was not by accident.
We were even interviewed by THE WEATHER CHANNEL when we went through the drought and again when the water rose, to discuss its affect on Lake Lanier Home Values.
By putting ourselves out there as Lake experts in various forms of advertising, we have risen to number 1 in Google Searches for Lake Lanier Appraiser.
You can have this same success and it starts with advertising your lake or waterfront expertise on a National Lakefront Pros website. The only one of its kind on the web! http://www.lakefrontpros.com/ check it out today, you get great exposure on a fine, professionally developed site that allows you to shine and to corner the market in your given area.
You will not be thrown in the site with hundreds of others in your market.
If you have any kind of business involving any Lake in the USA, you need to check our Lakefront Pros.com website today. http://www.lakefrontpros.com/
Thanks for stopping by our Blog!
Mary ThompsonFounder of Lakefront Pros Website.
You have to spend money to make money and not having an advertising plan is just plain bad business.
Our Lake Lanier business, represents roughly 20% of our total appraisal business income. We have become known as the experts on Lake Lanier and it was not by accident.
We were even interviewed by THE WEATHER CHANNEL when we went through the drought and again when the water rose, to discuss its affect on Lake Lanier Home Values.
By putting ourselves out there as Lake experts in various forms of advertising, we have risen to number 1 in Google Searches for Lake Lanier Appraiser.
You can have this same success and it starts with advertising your lake or waterfront expertise on a National Lakefront Pros website. The only one of its kind on the web! http://www.lakefrontpros.com/ check it out today, you get great exposure on a fine, professionally developed site that allows you to shine and to corner the market in your given area.
You will not be thrown in the site with hundreds of others in your market.
If you have any kind of business involving any Lake in the USA, you need to check our Lakefront Pros.com website today. http://www.lakefrontpros.com/
Thanks for stopping by our Blog!
Mary ThompsonFounder of Lakefront Pros Website.
Monday, October 12, 2009
Lake and Waterfront Appraisers Take Advantage of your expertise and HVCC
Since the inception of the HVCC in May, one thing has become clear, AMC's (Appraisal Management Companies and Banks are starting to require expertise, experience and close proximity to the subject property appraised.
Why? Because Realtors, Buyers, Sellers and Mortgage Brokers are demanding this! So if you are an appraiser who specializes in Lake or Waterfront Property Appraisals, capitalize on your expertise by getting listed in a directory where Banks and AMC's WILL find you from across the Country... www.lakefrontappraiser.com
I know, because I too (as an appraiser) am getting emails every day practically to join a new appraisal directory, they are a dime a dozen and they are coming out of the woodwork, but there is NO directory like this one out there period! This is a specialty directory that GUARANTEES appraisers will come up in Google search first page, usually in the first 3 returns that YOU will come up under your Lake's search within 30 DAYS of being listed on www.lakefrontappraiser.com
** Don't believe me well just go to Google now and type in Lake of the Pines Appraiser, Lake Fenton Appraiser and Lake Lanier Appraiser and see that either LakefrontPros or Lakefront Appraiser (same site) comes up on the first page of your search because they are listed on this directory!
So get listed, and use LAKEFRONTPROS in your email to us and you will get a 10% discount from now until the end of the year.
All other Lakefront Pros, you also should be listed and you too will get a 10% discount. www.lakefrontpros.com
Have a great day and start taking advantage of your expertise TODAY!
Why? Because Realtors, Buyers, Sellers and Mortgage Brokers are demanding this! So if you are an appraiser who specializes in Lake or Waterfront Property Appraisals, capitalize on your expertise by getting listed in a directory where Banks and AMC's WILL find you from across the Country... www.lakefrontappraiser.com
I know, because I too (as an appraiser) am getting emails every day practically to join a new appraisal directory, they are a dime a dozen and they are coming out of the woodwork, but there is NO directory like this one out there period! This is a specialty directory that GUARANTEES appraisers will come up in Google search first page, usually in the first 3 returns that YOU will come up under your Lake's search within 30 DAYS of being listed on www.lakefrontappraiser.com
** Don't believe me well just go to Google now and type in Lake of the Pines Appraiser, Lake Fenton Appraiser and Lake Lanier Appraiser and see that either LakefrontPros or Lakefront Appraiser (same site) comes up on the first page of your search because they are listed on this directory!
So get listed, and use LAKEFRONTPROS in your email to us and you will get a 10% discount from now until the end of the year.
All other Lakefront Pros, you also should be listed and you too will get a 10% discount. www.lakefrontpros.com
Have a great day and start taking advantage of your expertise TODAY!
Lake Lanier Sales Report for first half of 2009.
Here are the long awaited Lake Lanier Sales Statistics for the first Half of 2009. These include only those homes that have individual boat docks or permits in place. They do not include community docks, shared or platform docks.
1/1/09-6/30/09: There are 479 current listings that range from a high of $4,875,000 to a low of $155,900. **Remember WAY back many years, when you could find a LAKE home under $200,000. Well there are some to be had again…..But not for LONG!
** Average listing price is $829,000 out of the 479 listed.
** Average list price last half of 2008 was $722,000 so we are up 13% there.
There are 24 pending or contingent sales of lake home sales that range from $169,000 to $1,799,000.
*Average pending price is $600,000. This is up 20% compared to last half of 2008 with average price of those pending at $477,000
1/1/09 – 6/30/09 – There was 48 sales that ranged from $309,000 to $1,265,000.
** Average sales price was $478,594. Average Days on Market was 162 (however this number is actually higher as many homes were listed and then re-listed at new prices and the counter for days on the market started over again) Many homes on the market for well over 6 months and many were on the market over 1 year.
** Compared to 2008 during the same time there were 145 sales from low of $150,000 to a high of $2,500,000 and the average sales price was $578,372. OUCH! That is an almost 18% decline in average sale price. Even worse when compared to the last half of 2008 with an average sales price of $671,000.
**Average list to sales price ratio for first half of 2009 was 14%. Average list to sales price ratio for first half of 2008 was 10%. So sellers are taking more of a hit off their list price to get their homes sold.
FORECLOSURE SALES: There were 16 foreclosures in the first half of 2009 compared to 8 foreclosures in the first half of 2008. This means 33.3% of the 2009 sales involved foreclosures. Only 5.5% of sales in first half of 2008 were foreclosures.
NOTE: These numbers could be a higher as the search was for Corporate or Foreclosures noted in the Special Circumstances field of FMLS.
What does all of this mean? Well it means that 2009 was one tough year on Lake Lanier! This is really no surprise to most of us when you consider the entire country had the worst year ever in 2009.
It also means people are willing to cut their loses, but not to a great degree. Fewer sales tell me 2 things. People are not buying AND people are not willing to sell at these rock bottom prices.
We have finally seen a rise in the lake up to 5.0 feet below full pool from 20 feet below in December, 2008. Recently it has dropped to almost 7.0 feet below summer pool. We are getting some much needed rain this entire week so we may just get that number back up to 5.0 feet by the end of this week, maybe even knocking on the 4.0 feet below full pool door!
In October, 2009, the last of the dock permits are planned to be issued. If the lake continues holding water, our deep recession (I really think we are in a depression) starts to ease a bit and the fact that we have more pending Lake sales than last year, I truly believe we have hit the bottom and there is nowhere to go but UP!
It is imperative that if you are thinking of selling or buying that you get your Lake Lanier Home appraised so you know what the CURRENT market is for the home and you do not make a huge mistake by either leaving money on the table as a seller or as a buyer, over paying for your new dream home!
1/1/09-6/30/09: There are 479 current listings that range from a high of $4,875,000 to a low of $155,900. **Remember WAY back many years, when you could find a LAKE home under $200,000. Well there are some to be had again…..But not for LONG!
** Average listing price is $829,000 out of the 479 listed.
** Average list price last half of 2008 was $722,000 so we are up 13% there.
There are 24 pending or contingent sales of lake home sales that range from $169,000 to $1,799,000.
*Average pending price is $600,000. This is up 20% compared to last half of 2008 with average price of those pending at $477,000
1/1/09 – 6/30/09 – There was 48 sales that ranged from $309,000 to $1,265,000.
** Average sales price was $478,594. Average Days on Market was 162 (however this number is actually higher as many homes were listed and then re-listed at new prices and the counter for days on the market started over again) Many homes on the market for well over 6 months and many were on the market over 1 year.
** Compared to 2008 during the same time there were 145 sales from low of $150,000 to a high of $2,500,000 and the average sales price was $578,372. OUCH! That is an almost 18% decline in average sale price. Even worse when compared to the last half of 2008 with an average sales price of $671,000.
**Average list to sales price ratio for first half of 2009 was 14%. Average list to sales price ratio for first half of 2008 was 10%. So sellers are taking more of a hit off their list price to get their homes sold.
FORECLOSURE SALES: There were 16 foreclosures in the first half of 2009 compared to 8 foreclosures in the first half of 2008. This means 33.3% of the 2009 sales involved foreclosures. Only 5.5% of sales in first half of 2008 were foreclosures.
NOTE: These numbers could be a higher as the search was for Corporate or Foreclosures noted in the Special Circumstances field of FMLS.
What does all of this mean? Well it means that 2009 was one tough year on Lake Lanier! This is really no surprise to most of us when you consider the entire country had the worst year ever in 2009.
It also means people are willing to cut their loses, but not to a great degree. Fewer sales tell me 2 things. People are not buying AND people are not willing to sell at these rock bottom prices.
We have finally seen a rise in the lake up to 5.0 feet below full pool from 20 feet below in December, 2008. Recently it has dropped to almost 7.0 feet below summer pool. We are getting some much needed rain this entire week so we may just get that number back up to 5.0 feet by the end of this week, maybe even knocking on the 4.0 feet below full pool door!
In October, 2009, the last of the dock permits are planned to be issued. If the lake continues holding water, our deep recession (I really think we are in a depression) starts to ease a bit and the fact that we have more pending Lake sales than last year, I truly believe we have hit the bottom and there is nowhere to go but UP!
It is imperative that if you are thinking of selling or buying that you get your Lake Lanier Home appraised so you know what the CURRENT market is for the home and you do not make a huge mistake by either leaving money on the table as a seller or as a buyer, over paying for your new dream home!
Saturday, February 21, 2009
2008 Lake Lanier sales statistics reveals great news.
I have the news on Lake Lanier Listings and Sales for the second half of 2008. These are based upon FMLS stats for homes that were coded as being Lakefront or Lakeview properties with at least a single slip boat dock in place. Figures will not be exact, but they are a good representation of activity on Lake Lanier.
I have the news on Lake Lanier Listings and Sales for the second half of 2008. These are based upon FMLS stats for homes that were coded as being Lakefront or Lakeview properties with at least a single slip boat dock in place. Figures will not be exact, but they are a good representation of activity on Lake Lanier.
Listings:
1. There are 394 CURRENT Listings with an Average Listing Price of $722,000. This is a 13% decline in average list price since first half of 2008. The number of listings was 368 so about a 7% increase in number of listings.2.
There are 11 pending properties with an Average List Price of $447,300. There were 12 pending sales first half of 2008 but average was much higher at $870,00. This number is really not as significant as this number is much smaller and you cannot control which homes happen to go under contract at a given time.3.
Out of the 394 listings, 181 properties were listed from 7/1/08-12/31/08 with an average list price of $895,000. This is up just slightly from the fist half of 2008 of $870,000.
Sales:
1. There have been 31 closed sales. The average sales price is $671,000 with the average Days on Market at 107 (Listing prices range from $152,500 to a high of $2,350,000). The average list to sales price ratio was 6.7%. The average sales price is 22% higher than the first half of 2008! Days on market was essentially the same (109 first half of 2008). This sales price average brings us closer to the average sales price we saw in the first half of 2007 at $623,000. So great news here!
** In the second half of 2007 there were 72 closed sales with an average sales price of $681,000. Average list to sales price ratio was 9.4% and average days on market was 117. So we are not far off other than number of sales from these figures.
Please Note: There are many homes that have been on the market much longer than this. The days on the market number is skewed if the home was listed for many months and then relisted after the first listing expired, with a new FMLS number and date. The days on market is only calculated from the last time the home was placed on the market with a new listing number and date. Many homes fall into this situation, so in reality days on market is likely much higher.
**This has been our experience when appraising lake property and checking to see how many times the home was listed with new dates and FMLS numbers.
Expired and Withdrawn Listings:
In 2008, there were 531 homes that had expired listings with average list price of $847,000. Average Days on Market was 145. Again this number may be skewed. Many have been relisted and currently back on the market. The number of expired listings is 38% higher compared to the first half of 2008. The average list price is 13% higher.
There were 127 withdrawn listings in all of 2008. Average list price was $1,086,000. Many of these were relisted.
What does all of this mean?
The bad news is there are loads of listings for more competition between properties and the number of sales is less than the same time last year. The GOOD news, there were more sales in the second half of 2008 than the first half of 2008 and the average sale price is 22% higher bringing us closer to sale averages of the first half of 2007! Fantastic News!
Also, the average list to sales price ratio has decreased by 1.3%.Other than the over abundance of Lake Lanier Listings, if the average list price stays stable, then it would stand to reason that our average sales price for the first half of 2009 will increase. It did the second half of 2008 so we expect that trend to continue.
**What appears to be happening here is that people are reducing their listing prices and there is a narrowing between the average listing price and the average sales price. The home sellers are getting realistic on the current market of their lake homes and the buyers are starting to increase in numbers, exactly what we need to start turning this market around!
The average sales price was only slightly lower than this same period last year.
Also the other great news is that the lake is just over 14.0 feet below full pool which is 4 feet higher than it was this time last year.....
With all the doom and gloom in the news about the real estate market, we have something to celebrate here! It may not feel that way to many lake home owners trying to sell, who have had to reduce their prices to remain competitive, but we are heading back in the right direction and that is a good thing as Martha Stewart would say.
Enjoy the good news and I will be back with you in the summer for the first half of 2009 Lake Lanier Sales Stats. In the meantime subscribe to my blog and you can stay abreast of the Lake Lanier News on a regular basis.
I have the news on Lake Lanier Listings and Sales for the second half of 2008. These are based upon FMLS stats for homes that were coded as being Lakefront or Lakeview properties with at least a single slip boat dock in place. Figures will not be exact, but they are a good representation of activity on Lake Lanier.
Listings:
1. There are 394 CURRENT Listings with an Average Listing Price of $722,000. This is a 13% decline in average list price since first half of 2008. The number of listings was 368 so about a 7% increase in number of listings.2.
There are 11 pending properties with an Average List Price of $447,300. There were 12 pending sales first half of 2008 but average was much higher at $870,00. This number is really not as significant as this number is much smaller and you cannot control which homes happen to go under contract at a given time.3.
Out of the 394 listings, 181 properties were listed from 7/1/08-12/31/08 with an average list price of $895,000. This is up just slightly from the fist half of 2008 of $870,000.
Sales:
1. There have been 31 closed sales. The average sales price is $671,000 with the average Days on Market at 107 (Listing prices range from $152,500 to a high of $2,350,000). The average list to sales price ratio was 6.7%. The average sales price is 22% higher than the first half of 2008! Days on market was essentially the same (109 first half of 2008). This sales price average brings us closer to the average sales price we saw in the first half of 2007 at $623,000. So great news here!
** In the second half of 2007 there were 72 closed sales with an average sales price of $681,000. Average list to sales price ratio was 9.4% and average days on market was 117. So we are not far off other than number of sales from these figures.
Please Note: There are many homes that have been on the market much longer than this. The days on the market number is skewed if the home was listed for many months and then relisted after the first listing expired, with a new FMLS number and date. The days on market is only calculated from the last time the home was placed on the market with a new listing number and date. Many homes fall into this situation, so in reality days on market is likely much higher.
**This has been our experience when appraising lake property and checking to see how many times the home was listed with new dates and FMLS numbers.
Expired and Withdrawn Listings:
In 2008, there were 531 homes that had expired listings with average list price of $847,000. Average Days on Market was 145. Again this number may be skewed. Many have been relisted and currently back on the market. The number of expired listings is 38% higher compared to the first half of 2008. The average list price is 13% higher.
There were 127 withdrawn listings in all of 2008. Average list price was $1,086,000. Many of these were relisted.
What does all of this mean?
The bad news is there are loads of listings for more competition between properties and the number of sales is less than the same time last year. The GOOD news, there were more sales in the second half of 2008 than the first half of 2008 and the average sale price is 22% higher bringing us closer to sale averages of the first half of 2007! Fantastic News!
Also, the average list to sales price ratio has decreased by 1.3%.Other than the over abundance of Lake Lanier Listings, if the average list price stays stable, then it would stand to reason that our average sales price for the first half of 2009 will increase. It did the second half of 2008 so we expect that trend to continue.
**What appears to be happening here is that people are reducing their listing prices and there is a narrowing between the average listing price and the average sales price. The home sellers are getting realistic on the current market of their lake homes and the buyers are starting to increase in numbers, exactly what we need to start turning this market around!
The average sales price was only slightly lower than this same period last year.
Also the other great news is that the lake is just over 14.0 feet below full pool which is 4 feet higher than it was this time last year.....
With all the doom and gloom in the news about the real estate market, we have something to celebrate here! It may not feel that way to many lake home owners trying to sell, who have had to reduce their prices to remain competitive, but we are heading back in the right direction and that is a good thing as Martha Stewart would say.
Enjoy the good news and I will be back with you in the summer for the first half of 2009 Lake Lanier Sales Stats. In the meantime subscribe to my blog and you can stay abreast of the Lake Lanier News on a regular basis.
Wednesday, January 7, 2009
Happy New Year Everyone!
It's a new year and time to review your marketing plans. Times have been tough and that is an understatement. But when times are tough you have to get out there ahead of your competition and be seen.
Many have cut back on their advertising and marketing budget in 2008, but did that really help you make money or get more clients? You really have to analyze this for yourself.
The other question you have to ask is should you specialize in something this year, pick a niche market and go with it? If you ask anyone who has focused on being an expert in any field AND advertised themselves as such, I bet they will tell you it has worked for them.
So why not specialize in high end properties like lakefront homes? We specialize in lakefront homes as appraisers and I can say without a doubt that we are considered lakefront experts, however a large part of this was because we decided years ago that lakefront was going to be our specialty, we learned it and we advertised ourselves heavily as such.
Go ahead and Google Lake Lanier Appraiser...I dare you! If Mary Thompson Appraisals is not all over the 1st page of the search results, I will pay for your first year of advertising on this site.
This is exactly what we can do for you and your business! There is no other directory out there on the Internet that only spotlights lakefront professionals. So go ahead, make your new years resolution to come out ahead of your competition.
Sign up today and we will give you your 2nd year free!
Let's see if you are really reading this all the way thru...your 2nd year is free if you sign up in the Month of January 2009.
Contact us today and may you prosper in 2009. Happy New Year!
Many have cut back on their advertising and marketing budget in 2008, but did that really help you make money or get more clients? You really have to analyze this for yourself.
The other question you have to ask is should you specialize in something this year, pick a niche market and go with it? If you ask anyone who has focused on being an expert in any field AND advertised themselves as such, I bet they will tell you it has worked for them.
So why not specialize in high end properties like lakefront homes? We specialize in lakefront homes as appraisers and I can say without a doubt that we are considered lakefront experts, however a large part of this was because we decided years ago that lakefront was going to be our specialty, we learned it and we advertised ourselves heavily as such.
Go ahead and Google Lake Lanier Appraiser...I dare you! If Mary Thompson Appraisals is not all over the 1st page of the search results, I will pay for your first year of advertising on this site.
This is exactly what we can do for you and your business! There is no other directory out there on the Internet that only spotlights lakefront professionals. So go ahead, make your new years resolution to come out ahead of your competition.
Sign up today and we will give you your 2nd year free!
Let's see if you are really reading this all the way thru...your 2nd year is free if you sign up in the Month of January 2009.
Contact us today and may you prosper in 2009. Happy New Year!
Tuesday, August 5, 2008
LakeFront Pros is adding new members regularly now
Lakefront Pros is ON FIRE... We are adding members regularly to our one of a kind Network on the WEB. The recession is nearing an end in many places and people are putting advertising BACK into their budget!
Check out our most recent members noted in our BLOG. We have some fantastic, impressive businesses in our Network of Lakefront Pros.
Don't miss out on the networking possibilities with these businesses and of course the exposure for your own Lakefront or Lake Related business.
So join today and get the chance to spotlighted on the Lakefront Radio Show, also getting GREAT exposure. Check out the write up in our local paper about the show.
http://www.gainesvilletimes.com/news/archive/7440/
Lakefront Pros is a sponsor of Lakefront Radio and is noted during the show as a sponsor, so this mean even more exposure for YOU!
Check out our most recent members noted in our BLOG. We have some fantastic, impressive businesses in our Network of Lakefront Pros.
Don't miss out on the networking possibilities with these businesses and of course the exposure for your own Lakefront or Lake Related business.
So join today and get the chance to spotlighted on the Lakefront Radio Show, also getting GREAT exposure. Check out the write up in our local paper about the show.
http://www.gainesvilletimes.com/news/archive/7440/
Lakefront Pros is a sponsor of Lakefront Radio and is noted during the show as a sponsor, so this mean even more exposure for YOU!
Lakefront Pros Welcomes Pete Edwards-Remax Realtor
We are happy to announce the addition to our Network of Pete Edwards with Remax Real Estate in Georgia.
Pete and his team specialize in Lake Lanier Real Estate. Lake Lanier Real Estate can be tricky, especially with the drought that we are experiencing. Peter knows Lake Lanier well and has all the stats on sales, listings, etc. on the Lake in his annual marketing reports on Lake Lanier
http://www.lakelanier.bz/ Check him out here at his website. His banner ad can be seen on our website at: http://lakefrontappraiser.com/georgia_lanier.php
Again, we welcome Pete Edwards to our Network, Where all Lakefront Pros converge and network. http://www.lakefrontpros.com/
Pete and his team specialize in Lake Lanier Real Estate. Lake Lanier Real Estate can be tricky, especially with the drought that we are experiencing. Peter knows Lake Lanier well and has all the stats on sales, listings, etc. on the Lake in his annual marketing reports on Lake Lanier
http://www.lakelanier.bz/ Check him out here at his website. His banner ad can be seen on our website at: http://lakefrontappraiser.com/georgia_lanier.php
Again, we welcome Pete Edwards to our Network, Where all Lakefront Pros converge and network. http://www.lakefrontpros.com/
LakeFront Pros Welcomes Teresa Smith to Our Network
We are very happy to announce our newest member, Teresa Smith of Keller Williams Realty on Lake Lanier in Georgia. http://www.livingonlakelanier.com/
Teresa specializes in Lakefront property on Lake Lanier and now more than ever, in this market, you need someone who knows the lake.
Lake Lanier is experiencing the worst drought ever and you need the expertise of a Lake Realtor to navigate through these rough waters....PUN intended.
Check out her ad on our site http://lakefrontappraiser.com/georgia_lanier.php
Again, we welcome Teresa Smith to our Network, Where all Lakefront Professionals converge and network.
http://www.lakefrontpros.com/
Teresa specializes in Lakefront property on Lake Lanier and now more than ever, in this market, you need someone who knows the lake.
Lake Lanier is experiencing the worst drought ever and you need the expertise of a Lake Realtor to navigate through these rough waters....PUN intended.
Check out her ad on our site http://lakefrontappraiser.com/georgia_lanier.php
Again, we welcome Teresa Smith to our Network, Where all Lakefront Professionals converge and network.
http://www.lakefrontpros.com/
LakeFront Pros Welcomes Marge Beaver -Aerial Photographer
We welcome Marge Beaver to our network. Her story is quite interesting. She is a 73 year old Aerial Pilot in Muskegon, Michigan. She covers the Great Lakes Region in the Midwest and the photos she takes are stunning.
Check her story and interview out at http://marytt.libsyn.com/index.php?post_id=353656
Her website is http://www.photography-plus.com/
If you need any kind of aerial photo, be it real estate, piers, harbors, commercial projects, etc. Marge is your "Gal".
Her banner ad can be found here: http://lakefrontappraiser.com/illinois_michigan.php
Again, we welcome Marge to our Network, Where all Lakefront Pros converge and network!
http://www.lakefrontpros.com/
Check her story and interview out at http://marytt.libsyn.com/index.php?post_id=353656
Her website is http://www.photography-plus.com/
If you need any kind of aerial photo, be it real estate, piers, harbors, commercial projects, etc. Marge is your "Gal".
Her banner ad can be found here: http://lakefrontappraiser.com/illinois_michigan.php
Again, we welcome Marge to our Network, Where all Lakefront Pros converge and network!
http://www.lakefrontpros.com/
LakeFront Pros Welcomes Navy Pier to our Network
We are very pleased and honored to Welcome Navy Pier to our LakeFront Pros Network. http://www.navypier.com/
Check out their banner ad on our site. http://lakefrontappraiser.com/illinois_michigan.php
If you live in the Chicago, IL area or are thinking of visiting this great City in the Midwest, you cannot miss visiting Navy Pier. Free Admission and they have everything you could want for the entire family. Shops, entertainment, Ferris Wheel, restaurants, IMAX theatre, etc.
Click on this link to hear Navy Pier being interviewed by LakeFront Radio and the very cool story that unfolded about the Pier, A 25 year wedding anniversary and a Clipper Ship.
http://marytt.libsyn.com/index.php?post_id=362518
Once again we welcome Navy Pier to our Network, Where all LakeFront Pros converge and Network! http://www.lakefrontpros.com/
Check out their banner ad on our site. http://lakefrontappraiser.com/illinois_michigan.php
If you live in the Chicago, IL area or are thinking of visiting this great City in the Midwest, you cannot miss visiting Navy Pier. Free Admission and they have everything you could want for the entire family. Shops, entertainment, Ferris Wheel, restaurants, IMAX theatre, etc.
Click on this link to hear Navy Pier being interviewed by LakeFront Radio and the very cool story that unfolded about the Pier, A 25 year wedding anniversary and a Clipper Ship.
http://marytt.libsyn.com/index.php?post_id=362518
Once again we welcome Navy Pier to our Network, Where all LakeFront Pros converge and Network! http://www.lakefrontpros.com/
LakeFront Pros Welcomes SunKiss Ballooning to our Network
We are very happy to welcome Todd Monahan, Owner and Pilot with Sunkiss Ballooning http://www.sunkissballooning.com/ to our network of Lakefront Pros.
He flies his hot air balloons over Lake George, in New York.
http://lakefrontappraiser.com/newyork_george.php
Please check out his banner ad above. If you want the experience of a lifetime flying high over Lake George and the surrounding area, you need to call Todd and you will add to your lifetime experiences in a very special way.
Click here to listen to his interview on the LakeFront Radio Show http://www.lakefrontradio.com/ to hear about his fun and exciting flying adventures.
http://marytt.libsyn.com/index.php?post_id=357969
He flies his hot air balloons over Lake George, in New York.
http://lakefrontappraiser.com/newyork_george.php
Please check out his banner ad above. If you want the experience of a lifetime flying high over Lake George and the surrounding area, you need to call Todd and you will add to your lifetime experiences in a very special way.
Click here to listen to his interview on the LakeFront Radio Show http://www.lakefrontradio.com/ to hear about his fun and exciting flying adventures.
http://marytt.libsyn.com/index.php?post_id=357969
Tuesday, July 15, 2008
Lake Lanier Stats for the First Half of 2008
I have the news on Lake Lanier Listings and Sales (of existing homes on Lake Lanier) for the first half of 2008.
These are based upon FMLS stats for homes that were coded as being Lake Lanier or Lakefront property with at least a single slip boat dock or permit for a single slip dock in place. Figures will not be exact, but they are a good representation of activity on Lake Lanier.
General Stats:
1. There are 368 CURRENT Listings with an Average Listing Price of $829,000.2. There are 12 pending properties with an Average Listing Price of $803,000, with average Days on Market at 102.
2. From 1/1/08-6/30/08 there have been 104 properties out of the 368 placed on the market with an average list price of $870,000.
Listings:
3. 1/1/07-6/30/07 Listed properties averaged $721,000 Total Listed in this time period = 16
4. 7/1/07-12/31/07 Listed properties averaged $976,000 Total Listed in this time period= 41
Sales:
5. 1/1/08 to 6/30/08 there have been 18 sales with 5 pending sales. The average sales price is $526,000 with average Days on Market at 109 (Low of $239,000 to a high of $800,000). The average list to sales price ratio was 8%
Please Note: There are many homes that have been on the market much longer than this. The days on the market number is skewed if the home was listed for many months and then relisted after the first listing expired, with a new FMLS number and date. The days on market is only calculated from the last time the home was placed on the market with a new listing number and date.
Many homes fall into this situation, so in reality days on market is likely much higher. **This has been our experience when appraising lake property and checking to see how many times the home was listed with new dates and FMLS numbers.
6. 1/1/07-6/30/07 there were 30 sales. The average sales price of $623,000 with average Days on Market at 90 (low of 219,000 to a high of $1,384,605). The average list to sales price ratio was 5%
Expired Listings:
In 2007, there were 333 homes that had expired listings with average list price of $741,000. Many have been relisted and currently back on the market
In 2008 first half, there have been 52 expired listings. Average list price of $860,500. Again many have been relisted.
Days on market not available as an average, but most listings are for a period of 90-120 days to start and many have been relisted as a new listing after it expires, so the days on market can be significantly higher, than they appear to be on the current listing.
What does all of this mean?
The bad news is there are loads of listings for more competition between properties and the amount of sales has dropped from same period last year to this year by 40%, with an average of 19 more days on the market.
The average sales price dropped by 15.5% from the first half of 2007.Also, the average list to sales price ratio has increased by 3%. Sellers are accepting lower offers off the list price than they have in the past.
The good news is that from the 1/1/07-6/20/07 period to the same period this year 1/1/08-6/30/8 the average listing price has gone up from $721,000 to $870,000. The average of all the listings is $829,000. So unless prices continue to drop or there are no buyers in this price range and higher, the average sales price from this point forward will be considerably higher than the first half of 2008.
**The pending sales average list price seems to confirm this premise**
Also for buyers there is NO better time than NOW to buy Lake Lanier property. Never again will there be such a selection of homes with highly motivated sellers. The prices have dropped overall however, based upon the stats provided here, this will not be the case much longer.
So get out there and check the inventory and start thinking about purchasing your lake home. Because once the water starts to return and it WILL...Always has.... always will....it is our opinion that prices will rise quickly and if that occurs you will lose out on getting some great deals on this Lake.
Now more than ever you need an Appraisal on any Lake Lanier home you are thinking of buying or selling. You need current, real values. So call today for your Lake Lanier Home Appraisal. We specialize in this kind of property and you need this experience, especially now or it could be a real disaster! http://www.marytappraisals.com/
We hope this information was helpful, please comment if you so desire.Have a safe summer and remember.....Be Safe on the Lake!
These are based upon FMLS stats for homes that were coded as being Lake Lanier or Lakefront property with at least a single slip boat dock or permit for a single slip dock in place. Figures will not be exact, but they are a good representation of activity on Lake Lanier.
General Stats:
1. There are 368 CURRENT Listings with an Average Listing Price of $829,000.2. There are 12 pending properties with an Average Listing Price of $803,000, with average Days on Market at 102.
2. From 1/1/08-6/30/08 there have been 104 properties out of the 368 placed on the market with an average list price of $870,000.
Listings:
3. 1/1/07-6/30/07 Listed properties averaged $721,000 Total Listed in this time period = 16
4. 7/1/07-12/31/07 Listed properties averaged $976,000 Total Listed in this time period= 41
Sales:
5. 1/1/08 to 6/30/08 there have been 18 sales with 5 pending sales. The average sales price is $526,000 with average Days on Market at 109 (Low of $239,000 to a high of $800,000). The average list to sales price ratio was 8%
Please Note: There are many homes that have been on the market much longer than this. The days on the market number is skewed if the home was listed for many months and then relisted after the first listing expired, with a new FMLS number and date. The days on market is only calculated from the last time the home was placed on the market with a new listing number and date.
Many homes fall into this situation, so in reality days on market is likely much higher. **This has been our experience when appraising lake property and checking to see how many times the home was listed with new dates and FMLS numbers.
6. 1/1/07-6/30/07 there were 30 sales. The average sales price of $623,000 with average Days on Market at 90 (low of 219,000 to a high of $1,384,605). The average list to sales price ratio was 5%
Expired Listings:
In 2007, there were 333 homes that had expired listings with average list price of $741,000. Many have been relisted and currently back on the market
In 2008 first half, there have been 52 expired listings. Average list price of $860,500. Again many have been relisted.
Days on market not available as an average, but most listings are for a period of 90-120 days to start and many have been relisted as a new listing after it expires, so the days on market can be significantly higher, than they appear to be on the current listing.
What does all of this mean?
The bad news is there are loads of listings for more competition between properties and the amount of sales has dropped from same period last year to this year by 40%, with an average of 19 more days on the market.
The average sales price dropped by 15.5% from the first half of 2007.Also, the average list to sales price ratio has increased by 3%. Sellers are accepting lower offers off the list price than they have in the past.
The good news is that from the 1/1/07-6/20/07 period to the same period this year 1/1/08-6/30/8 the average listing price has gone up from $721,000 to $870,000. The average of all the listings is $829,000. So unless prices continue to drop or there are no buyers in this price range and higher, the average sales price from this point forward will be considerably higher than the first half of 2008.
**The pending sales average list price seems to confirm this premise**
Also for buyers there is NO better time than NOW to buy Lake Lanier property. Never again will there be such a selection of homes with highly motivated sellers. The prices have dropped overall however, based upon the stats provided here, this will not be the case much longer.
So get out there and check the inventory and start thinking about purchasing your lake home. Because once the water starts to return and it WILL...Always has.... always will....it is our opinion that prices will rise quickly and if that occurs you will lose out on getting some great deals on this Lake.
Now more than ever you need an Appraisal on any Lake Lanier home you are thinking of buying or selling. You need current, real values. So call today for your Lake Lanier Home Appraisal. We specialize in this kind of property and you need this experience, especially now or it could be a real disaster! http://www.marytappraisals.com/
We hope this information was helpful, please comment if you so desire.Have a safe summer and remember.....Be Safe on the Lake!
Sunday, July 6, 2008
Lakefront Pros Welcomes Nicole Watkins to our Network
We proudly welcome Nicole Watkins with CENTURY 21 Lakes Region Realty in New Hampshire to our special Lakefront Pros Network.
Nicole specialize in Lake Winnipesaukee Property and her Company is number one in Moultonborough waterfront sales. They sold over 60% of the Moultonborough Winnipesaukee waterfront sales volume in 2007.
Welcome aboard Nicole!
If you are looking for someone who knows the Lake, contact Nicole today.
Here is the direct link to her banner ad on our site. http://lakefrontappraiser.com/newhampshire_winnipesaukee.php
Nicole's Website: http://www.nicolewatkins.com/
Nicole specialize in Lake Winnipesaukee Property and her Company is number one in Moultonborough waterfront sales. They sold over 60% of the Moultonborough Winnipesaukee waterfront sales volume in 2007.
Welcome aboard Nicole!
If you are looking for someone who knows the Lake, contact Nicole today.
Here is the direct link to her banner ad on our site. http://lakefrontappraiser.com/newhampshire_winnipesaukee.php
Nicole's Website: http://www.nicolewatkins.com/
Sunday, June 29, 2008
Lakefront Pros Welcomes Jerry Collins and Phyllis Henderson-Keller Williams Realty to our Network
We proudly welcome Jerry Collins and Phyllis Henderson with Keller Williams Realty to our special Lakefront Pros Network. They specialize in Lake Lanier Property and the North Metro Atlanta, GA area.
Click on the Banner Ad link below which will take you to their ad and then make sure to click on their banner ad as it will take you to their recent INTERVIEW on Lakefront Radio out of Atlanta, GA.
They discuss Lake Lanier Real Estate-Past, Present and Future. You do NOT want to miss this show.
Keller Williams Banner Ad
Welcome aboard Jerry & Phyllis, you are among the best in the Lake Business!
http://www.lakelanierhomesandmore.com/
Click on the Banner Ad link below which will take you to their ad and then make sure to click on their banner ad as it will take you to their recent INTERVIEW on Lakefront Radio out of Atlanta, GA.
They discuss Lake Lanier Real Estate-Past, Present and Future. You do NOT want to miss this show.
Keller Williams Banner Ad
Welcome aboard Jerry & Phyllis, you are among the best in the Lake Business!
http://www.lakelanierhomesandmore.com/
Tuesday, June 24, 2008
Lakefront Radio IS the NEWS
Our Lakefront Radio show is officially considered THE NEWS!
Check out Luxury Real Estate.com's Blog link below.
LakeFront Radio Big Success with CEO John Brain Losh
They announced our interview with their CEO John Brian Losh and they will be posting a link to our show with him today on their site as well as a mention in their PRESS ROOM. This site is visited by MILLIONS every month, therefore more exposure not only for the radio sh0w but for THIS site http://www.lakefrontpros.com/ as we cross promote this site on our radio show site.
Here are the mind boggling facts on the hits and visitors this site receive!
Key Statistics* on LuxuryRealEstate.com in May 2008:
Hits (monthly)……62,000,000 (daily)……2,100,000
Page Views (monthly)……3,200,000 (daily)……110,000
Visitor Sessions (monthly)……215,000 (daily)……7,400
Total Visiting Countries……92Active
Listings on LuxuryRealEstate.com……58,523
Average Listing Price……$2,508,707
Number of Countries with Active Listings……100
Total Dollars on LuxuryRealEstate.com……$139,076,459,429
*Actual numbers provided by Urchin Web Analytics v.5.7 from Google. Last four weeks.
Total LuxuryRealEstate.com Membership, as of May 31, 2008:
Agents……120,998
Offices……5,815
Members……1,813
Countries……65
We have had such a great time with this show, meeting some really fascinating professional business owners. Listen in to some of the shows when you get a chance. http://www.lakefrontradio.com/
We are always looking for guests, sponsors and donations so we can keep this great service alive and well for our listeners to enjoy! So if you know of someone who fits the bill, please pass along our information to them!
We hope to see your business spotlighted soon on our National Directory!
Check out Luxury Real Estate.com's Blog link below.
LakeFront Radio Big Success with CEO John Brain Losh
They announced our interview with their CEO John Brian Losh and they will be posting a link to our show with him today on their site as well as a mention in their PRESS ROOM. This site is visited by MILLIONS every month, therefore more exposure not only for the radio sh0w but for THIS site http://www.lakefrontpros.com/ as we cross promote this site on our radio show site.
Here are the mind boggling facts on the hits and visitors this site receive!
Key Statistics* on LuxuryRealEstate.com in May 2008:
Hits (monthly)……62,000,000 (daily)……2,100,000
Page Views (monthly)……3,200,000 (daily)……110,000
Visitor Sessions (monthly)……215,000 (daily)……7,400
Total Visiting Countries……92Active
Listings on LuxuryRealEstate.com……58,523
Average Listing Price……$2,508,707
Number of Countries with Active Listings……100
Total Dollars on LuxuryRealEstate.com……$139,076,459,429
*Actual numbers provided by Urchin Web Analytics v.5.7 from Google. Last four weeks.
Total LuxuryRealEstate.com Membership, as of May 31, 2008:
Agents……120,998
Offices……5,815
Members……1,813
Countries……65
We have had such a great time with this show, meeting some really fascinating professional business owners. Listen in to some of the shows when you get a chance. http://www.lakefrontradio.com/
We are always looking for guests, sponsors and donations so we can keep this great service alive and well for our listeners to enjoy! So if you know of someone who fits the bill, please pass along our information to them!
We hope to see your business spotlighted soon on our National Directory!
Lakefront Pros Welcomes Rivers Web Strategies to our Membership
We are very happy to welcome Amy Rivers to our site under Lake Bonito and Elephant Butte Reservoir under New Mexico. Click on the link below to see her banner ad on our site.
Amy Rivers of Rivers Web Strategies http://www.amyrivers.com/ offers customized search engine optimization, internet marketing plans and other web marketing services. They work closely with http://www.luxuryrealestate.com/ members and ALL business owners across the USA who want increased targeted website traffic and improved lead conversions generated online. To achieve your online goals contact Amy or visit her website today.
http://lakefrontappraiser.com/newmexico_bonito.php
Welcome aboard Amy, we are happy to have you as a member of our exclusive group!
Amy Rivers of Rivers Web Strategies http://www.amyrivers.com/ offers customized search engine optimization, internet marketing plans and other web marketing services. They work closely with http://www.luxuryrealestate.com/ members and ALL business owners across the USA who want increased targeted website traffic and improved lead conversions generated online. To achieve your online goals contact Amy or visit her website today.
http://lakefrontappraiser.com/newmexico_bonito.php
Welcome aboard Amy, we are happy to have you as a member of our exclusive group!
Sunday, June 22, 2008
Lakefront Radio Interviews Luxury Real Estate & Discover Boating
Lakefront radio had 2 very interesting interviews in the past 2 weeks. On June 13th they interviewed Keith Ammons, the Boating Guy with www.discoverboating.com and on June 20th, they interviewed CEO, John Brian Losh with www.luxuryrealestate.com
If you are thinking of purchasing a BOAT or a LUXURY HOME, you need to listen to both of these interviews. Even if you are not in the market for either, they make for interesting listening.
So go to www.lakefrontradio.com and click on the POD links for each show. Enjoy!
If you want to become a member of the only National Directory of Lakefront Pros and get the exposure your business deserves, check out our site at www.lakefrontpros.com
Have a great weekend everyone, the first weekend of spring otherwise known as the Summer Solstice (When the sun stands still).
If you are thinking of purchasing a BOAT or a LUXURY HOME, you need to listen to both of these interviews. Even if you are not in the market for either, they make for interesting listening.
So go to www.lakefrontradio.com and click on the POD links for each show. Enjoy!
If you want to become a member of the only National Directory of Lakefront Pros and get the exposure your business deserves, check out our site at www.lakefrontpros.com
Have a great weekend everyone, the first weekend of spring otherwise known as the Summer Solstice (When the sun stands still).
Friday, June 13, 2008
Tim Russert Dies at age 58
We were very sorry to hear that Tim Russert, Meet the Press Moderator died suddenly today 6/13/08 of a heart attack while working.
He was not your typical news reporter. He had a real integrity about him and you trusted what he said. He got to the truth like no other reporter and he had such a great personality!
We pray for his family, Tim Russert will be sorely missed! He cannot be replaced....
He was not your typical news reporter. He had a real integrity about him and you trusted what he said. He got to the truth like no other reporter and he had such a great personality!
We pray for his family, Tim Russert will be sorely missed! He cannot be replaced....
Thursday, June 12, 2008
National Photo Contest
Lakefront Pros is thinking about having a National Photo Contest.
Who can take the most awesome Lakefront photo across the USA.Some of the basic rules we are considering:
1. Must be a an individual or company that does business around any lake in the USA
2. Cannot be a professional photographer
3. Must be a current photo, so the photo would have to have to be date stamped4. Must be a digital photo.
4. Photo to be downloaded in JPG format, no Gifs or animations, etc.
5. No aerial photos.
That is about it. We want your input! What do you think and what would you like to see out of this contest.
Yes, there will be some sort of reward for 1st thru 3rd place. We will also post the photos, who took them and their website on our site and give you all the accolades you deserve!
We think this will be fun with summer in full swing, the photos I am sure will be AWESOME. So let us know what you think, just contact us via our contact page and enter YES if you like the idea and would participate or NO if you do not like the idea.
Any other rules you think should be applied, just let us know www.lakefrontpros.com
We want to start this contest before the 4th of July. Thanks for your time! Be safe on YOUR Lake!
Who can take the most awesome Lakefront photo across the USA.Some of the basic rules we are considering:
1. Must be a an individual or company that does business around any lake in the USA
2. Cannot be a professional photographer
3. Must be a current photo, so the photo would have to have to be date stamped4. Must be a digital photo.
4. Photo to be downloaded in JPG format, no Gifs or animations, etc.
5. No aerial photos.
That is about it. We want your input! What do you think and what would you like to see out of this contest.
Yes, there will be some sort of reward for 1st thru 3rd place. We will also post the photos, who took them and their website on our site and give you all the accolades you deserve!
We think this will be fun with summer in full swing, the photos I am sure will be AWESOME. So let us know what you think, just contact us via our contact page and enter YES if you like the idea and would participate or NO if you do not like the idea.
Any other rules you think should be applied, just let us know www.lakefrontpros.com
We want to start this contest before the 4th of July. Thanks for your time! Be safe on YOUR Lake!
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