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Lake Hartwell Real Estate News

Polar Bear Plunge

This polar bear may (or may not) have been spotted at Lake Hartwell trying to avoid the frigid water temperatures, but on February 23rd, you can see some humans with slightly less sense taking to the water for the 23rd Annual Polar Bear Plunge at Hartwell Marina.   Costumes are encouraged, and there will be a costume contest.  Festivities begin at 11am and include a chili cook-off.  The plunge is at 12:30. 

photo credit:  Michael Isom, Hartwell Sun  

Photo credit for above:  Michael Isom, Hartwell Sun 

Lake Hartwell Market Update Update

Last week, we reported the Q4 2018 Lake Hartwell market update.  The report showed a reduced inventory of homes, signaling a shift towards a seller's market.  I wanted you to know that the prediction now has some hard data to accompany it in just the first month of the year.  Our team has 10 new properties under contract since January 1st.  7 of those properties are our listings.  3 of the 7 had multiple offers.   In 2018, we only had 2 listings with multiple offers all year long.   I acknowledge that January could be a blip on the radar, and things could go back to the way they were this month, but I don't think so.  I haven't seen this type of shift in the 16 years that I have been practicing real estate at the lake, and I want the people in our network to be the people with the best, most current, information about our market.  If you are a buyer considering Lake Hartwell, I encourage you to look hard at what is currently available.  If you are thinking of selling, this is the best possible time to list your property with us.

Q4 2018 Lake Hartwell Market Update

The Lake Hartwell market finished the year strong.  Home sales were up 11% over Q4 2017, but the big story is that lot sales were up 237% over Q4 2017 and that was also the second most number of lots sold in any quarter over the last 10 years.  The average lot price of $122k was up 3% over last quarter.  83 homes were sold with an average price of $360k, with the average price up 12% over last quarter.  The number of available lots is down 11% from last quarter and the available home inventory is down 24%.   The absorption rate is the number of months that it would take to sell the existing inventory at the existing rate of sales.  While the absorption rate for lots is still high (plenty of inventory), the absorption rate for homes is at 7 months, which is very near a balanced market (6 months).  With sales sure to pick up as warmer temperatures approach, there couldn't be a better time to let us help you find your spot on the lake.

Ready for an upgrade?

On weeks like this one, it may feel like we will never see warm temperatures again, but believe it or not, boating season is only a few short months away!  If you think this might be the year you finally get your first boat or upgrade to a newer model, make sure to check out the Upstate South Carolina Boat Show at the Greenville Convention Center this weekend (Jan 24-27).  And even if you're not ready to buy, they sure are fun to look at!  Whether you're interested in a PWC, fishing boat, pontoon, or ski boat, the boat show has you covered.  And you're definitely going to want somewhere to help you maximize the use of your new toy, so come let us help you find your spot on the lake!

It's 12:00 Somewhere

We are excited to announce that Hartwell now has its first brewery, Southern Hart Brewing Company.  The ribbon cutting celebrating the opening will be on Friday, 1/18/19, at 10:30 AM.   They will be open immediately following with food and beverages available.  (It's 12:00 somewhere.)  I can't wait to visit and support one of the new local establishments that help to make our area great.  Make sure to save some time to let us help you find your spot on the lake.  We can drive.

Don't Take The Bait

You can't help but be aware of all of the new companies that will guarantee to buy your home without ever showing it. It seems too good to be true. Why wouldn't everyone want to do this? There is one primary answer: you should expect to net 10-25% less on the sale of your home if you select this option. The guaranteed offer from the company is frequently below the current market value of your home. If you accept, they will typically do an inspection, and then ask for a reduction in price due to the repairs that need to be made. In addition to the low sales price and repair reduction, you also have transaction fees that range from 7-13%.  They will then do some minor clean-up and put your home back for sale at or above the full market value. I have researched company websites and public reviews, and while you do see some satisfied sellers, these are mainly people that put an extremely high value on making the experience easy and fast, without concern for maximizing their net proceeds from the sale. There was also a high number of bad reviews from buyers purchasing homes from these companies. I don't want to presume that there is never a time when this might be a good option for a seller, but I do know that we helped 110 clients buy or sell last year, and we have 102 4 or 5-star reviews at this public website. By the way, if you know someone that might want to sell their home below market value, please reply to this note - asking for a friend. :)

 

New Year Dawning

                   

One of my past clients, Bill Powell, captured this moment on 1/1/19.  I hope all of you had a fun and safe New Year's Eve and welcomed the New Year with family and friends.  Our work schedule was a little more relaxed over the holidays, but our SpotOnTheLake team was able to finish the year strong.  We helped 110 people buy or sell real estate in 2018 generating over $23 million in sales, making it our best year ever. We are especially grateful to the clients that took time to let us know how we did by submitting an online review here.   If you have been considering buying or selling a lake property, we hope we will have the chance to work with you in 2019.  Let us know how we can best serve you.

Night-vision fish finder

Lake Hartwell has its share of avid fisherman, and many of them love to find their catch after dark.  You will likely see the night vision fish finders on a lot of angler's Christmas wish list.  This festive fisherman took it to the next level by illuminating his whole boat.   I am not sure if the lights helped him find the fish or scared them all away, but you can bet he had fun looking for them.  For more photos of more Christmas light boats, click here.  I hope you have a Merry Christmas!

Lake Hartwell Dream Spot Update

The end is in sight at the Lake Hartwell dream home.  Our builder has been completing flooring, interior trim, painting, kitchen cabinets and tile work in the bathrooms.  The driveway has also been poured, which has been a welcome addition given all of the rain that we have had.  Click here to see more photos and make sure to contact us if we can help you find your spot on the lake.

Clemson Athletes In Training

No - I'm not talking about the second-ranked Clemson Tigers football team. There is another group of athletes at Clemson who train year-round to compete in the National Collegiate Water Ski Association.  Clemson is one of the only schools in the country that has a water ski training facility (Lake Hartwell) on campus.  Boat and ski equipment manufacturers are happy to share their gear freely with some of the nation's best skiers.  Athletes compete in slalom, trick and jump events against other collegiate teams around the country.   Take a quick look at this fun video that WYFF news aired a couple of weeks ago to see what the team is all about.  And don't forget to save some time to let us help you find your spot on the lake.

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