Lake Sinclair July 2012 Market Report

By
Real Estate Broker/Owner with Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 GREC# 169695

DAYS ON THE MARKET

NUMBER OF HOMES SOLD ON LAKE SINCLAIR

AVERAGE PRICE OF HOMES SOLD ON LAKE SINCLAIR

AND WHAT DO THESE NUMBERS ALL SHOW?

In my opinion, of course, these numbers still don't say "RECOVERY" of any kind I still see stabilization.  Two of the Lake Sinclair sales for July were bank owned and "Lake" is questionable for each of them and they pulled the numbers down.  But when a listing agent checks the Lake Sinclair box, who am I to question.  But I am telling you the facts because I saw both of them and one additional private sale in July that the only boats that could float in the water in the front of a property were the ones that hold a Barbie doll.  Just for the heck of it I eliminated the three iffy Lake properties from the average price and it moved it up from $174,345. to $219,863.  In my opinion that is truer picture of what is really happening on Lake Sinclair.  Being on a creek that is connected to Lake Sinclair does not in my opinion make something a "lake" property. Using my number the graph would show the stability I see in price as well as in days on the market and units sold.

And while it appears the spring boost we saw continue into June has ended at least we are only one house down from 2011 and still 4 homes sold up from 2010.  And knowing and seeing the traffic my office is getting and the number of appointments being made on my listings I'm hopeful that the volume will continue for a few more months.  Days on the market are back down after a slight increase we had in June. And one home that sold in July had been on the market for 461 days, and of course that one home brought the average up a lot. 

There are still some really great deals out there.  Looking for a great weekend place, check out these deals. Or if you are wondering what your Lake Sinclair home is worth we can do a market analysis for you and see if this is the time that you want to put your home on the market.  Meanwhile I have 4 appointments between now and Saturday, so again I'm hopeful that now is a great time to put your home on the market.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Georgia Putnam County Eatonton Lake Sinclair
Groups:
Waterfront Agents
Market Reports
Georgia Real Estate
HyperLocal Neighborhood and Community Posts
Vacation and Second homes
Tags:
market report lake sinclair

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
726,643
Richard & Beth Witt
RE/MAX Wittney Estates 516-795-6900 www.longislandrealestatesearch.com - Massapequa, NY
Broker/Owner RE/MAX Wittney Estates Long Island NY

Looks like you are headed in the right direction... Let's hope it continues...

Aug 01, 2012 02:20 PM #1
Ambassador
904,650
Andrea Swiedler
Berkshire Hathaway HomeServices New England Properties - New Milford, CT
Realtor, Southern Litchfield County CT

Tammy, you did a fantastic job of showing where Lake Sinclair has been, and where the market is right now. If only we had our crystal ball. In lieu of that, contacting you would be the way to go for anyone who is buying or selling around Lake Sinclair.

Aug 01, 2012 02:36 PM #2
Ambassador
1,653,775
Tammy Lankford
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Your Lake Sinclair Expert (706-485-9668)

Richard and Beth- stable seems better than serious decline

Andrea- Yes, I try not to ask my magic 8 ball real estate questions. LOL

Aug 01, 2012 03:56 PM #3
Ambassador
1,242,160
Debbie Reynolds
Berkshire Hathaway HomeServices PenFed Realty, Your Clarksville Real Estate Professional, 931-920-6730 - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Tammy, It seems like your market is coming back so that is very encouraging. Nice graphs.

Aug 01, 2012 04:17 PM #4
Rainmaker
346,743
Pam Miller
Realty Associates - Friendswood, TX
Broker Associate - Pearland/Friendswood

Tammy - Your market reports do seem to indicate an improved market for Lake Sinclair!  Great information for buyers and sellers.

Aug 01, 2012 05:06 PM #5
Rainmaker
1,001,959
Will Hamm
Hamm Homes - Centennial, CO

Hello Tammy,  What a great job of showing people what your market is doing.  Have a great day!

Aug 01, 2012 05:12 PM #6
Rainmaker
1,143,429
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Tammy I  love reading Market Reports from all over the country, but your's is extra special. I agre we are not there yet but the trends are in the right direction!

Aug 01, 2012 11:01 PM #7
Post a Comment
Spam prevention
Show All Comments
Ambassador
1,653,775

Tammy Lankford

Your Lake Sinclair Expert (706-485-9668)
What would you like to know about Lake Sinclair?
*
*
*
Spam prevention

Additional Information