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Spring 2017 at Lake Oconee-Reynolds Plantation - March 29th, 2017
We have gone from winter to a very nice warm Spring. The azaleas bloomed early this year and I hope they still have color in Augusta for the Masters next week! The warm weather has brought buyers out in droves! The market is very busy. Interest rates have increased a bit and home prices will rise to the same trend. Now is the time to buy your dream home at beautiful Lake Oconee! Call me today and to schedule a trip here so I can show why I love calling Lake Oconee my home!

Now Is the Best Time to Buy at Lake Oconee! - February 16th, 2017
2017 brings the best time to purchase I have seen in years! Buy now before interest rates rise and Sellers increase prices in anticipation of a very active market!

Real Estate News in Lake Oconee-Reynolds Plantation - August 11th, 2016
The local Lake Oconee market is vibrant! Buyers are plentiful and looking for good values! The existing inventory is limited in most price points but it is still a "Buyer's Market"! That being stated, we have reached the bottom of the market! Now is the best time to buy at Lake Oconee!

Real Estate News in Lake Oconee-Reynolds Plantation - May 11th, 2016
The current market is very active and Buyers are here! It is still a Buyers market but the inventory under $750K is limited! The absolute best time to buy at Lake Oconee is now!
National Market Conditions
2017 3rd Quarter Market Report: Home Sales and Prices Hit a Wall

The 3rd quarter of 2017 ended with not much of a change from the 2nd quarter. Home sales are down slightly and home prices continue to rise with median home prices up 4.2% year over year, but down from the second quarter's 6.2% increase. The primary reason for the slow-down in sales is the limited number of homes for sale, higher prices and less buyers being able to afford to buy a home.

The most notable change in the 2nd quarter was a shift in the amount of buyer activity declining 16% from last quarter. Additionally we found a significant change in the amount of price appreciation. Although 91% of the markets reported price appreciation there was an 11% shift from those markets reporting 5-10% appreciation and over 10% appreciation to those markets reporting under 5% appreciation.

According the National association of Realtors (NAR) existing home prices were up 4.2% over last year; the inventory of unsold homes is at a 4.2 month supply and 48% of all homes were sold in under one month. Still home sales dropped overall due to the low inventory of homes for sale.

The data in this report is generated primarily from our survey of HouseHunt.com and MoveUp.com exclusive member real estate agents across the United States. This grass roots approach to studying the housing market gives us a thorough look at where the real estate market is through the eyes and perspective of the local real estate agents who are living and working in the trenches of each community.

Buyer and Seller Activity
The trend in buyer activity is significantly higher than seller activity, however there was a definite downward trend in the number of markets continuing to show increasing buyer activity in the 3rd quarter. Our Realtors reported increasing buyer activity in 73% of the markets - down 16% from last quarter, but up 7% compared to last year. Seller activity was increasing in 49% of the markets in the 3rd quarter which was no change from the 2nd quarter, but up 9% over last year.

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Spring 2018 Market Update
Now is an exceptional time to buy a home in Lake Oconee-Reynolds Plantation. For more information call Tim: 404-307-6633
Average Sold Home Price: $375,000

Average Time on Market: 60-90 days

Best Selling Price Range: $400,000 - $449,000

Existing Home Prices for the past 90 days: Increasing

Market Trend: Increasing

Buyer's or Seller's Market: More buyers than sellers

Buyer Activity for the past 90 days: Increasing

Seller Activity for the past 90 days: Increasing

Multiple Offers? Yes

Multiple Offers Commentary: Limited inventory but very much a Buyer’s Market!

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? 0-5%

Is Financing Available For Qualified Buyers? Yes

Housing Inventory: Limited Supply

Housing Inventory Comments: Lakefront home options are very limited at all price points.

Greatest Activity: First Time Buyers

Best reason to buy or sell: Good economic news

Nearest Metro Area: Athens

Housing Hot Spots: Gated communities: Harbor Club, Reynold�s Landing, Reynold�s Plantation, Great Waters and Cuscowilla Lake front properties throughout the lake area. Non-Gated communities are hot with good prices and wonderful selections!

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Mortgage Rates for Apr 19th, 2018
30 year fixed rate: 4.25%
15 year fixed rate: 3.66%
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15 year jumbo rate: 4.12%
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Real Estate Professional, Tim Rogers Tim Rogers
Coldwell Banker Lake Oconee Realty
Specializing in Lake Oconee-Reynolds Plantation Real Estate
1010 Village Park Lane
Greensboro, Georgia 30642
Email Me | Receive New Listings by Email
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(Because current market conditions can change rapidly in any given marketplace,
please check with Tim Rogers for current Lake Oconee-Reynolds Plantation, GA market conditions before acting on this information.)
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