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Lake Hartwell Real Estate News: Lake Hartwell

Try it. You'll like it.

In January, we had the opportunity to see hundreds of new boats at the Atlanta and Greenville boat shows.  If you made it to one of those shows, and saw a boat that you would really like to drive before purchasing, you may want to make your way to the On-The-Water Boat Show at Lake Keowee on April 27th and 28th.  Click here for details.  And if you haven't been on Lake Keowee before, this is a great chance to see the lake from the water.  Lake Keowee is in Upstate SC just above Lake Hartwell and is managed by Duke Power.  The topography is similar to Lake Hartwell, but some homeowners get mountain views looking towards the northwest.  The mountain views are great, but those properties will carry about a 50% premium over other lakefront properties.  We are very familiar with Lake Keowee and would love to help you decide if it might be a match for you.

Hartwell Dam Run

 

As the weather begins to improve, our thoughts turn to getting outside and being more active.  I always look forward to the Hartwell Dam Run which is held the first Saturday in May.  The 41st annual 5k/10k run will be on May 4th this year.  The 10k race starts in Georgia, proceeds across the Savannah River into South Carolina and then comes back into Georgia across Hartwell Dam.  The 5k starts in SC and finishes in GA.  The views are spectacular, and as you might imagine, the run across the dam back into GA is completely flat.  I like that.  For more details and to register, click here.   The race organizers have stated that there will be no race-day registration, as they have had in the past.

Dream Realized

Dreams Realized

For the past several months, we have been posting updates on the Lake Hartwell Dream Spot.  We helped our clients find a gorgeous lot, and after a smooth build process, they have moved into their new home.   Check out this video showing the full project from beginning to end, and give us a shot at finding your spot on the lake.  And if you already have a lot, and have been thinking about building, we can help you make it happen.  Check out these great floor plans at different price points.

Fishing Capital of the Southeast

As many of you know, Lake Hartwell hosted the 2018 Bassmaster Classic, the "world championship of bass fishing".  But there will be plenty of fishing action at the lake in 2019 as well, including this weekend's Bassmaster High School Eastern Open.  Other 2019 tournaments include the Bassmaster Elite Series (April 4-7), Fishers of Men Team Series National Championship (April 11-13), Crappie USA Tournament Trail (May 4), and B.A.S.S. Nation Championship (October).  Many of these will be hosted at the recently improved Green Pond Landing and Event Center.  Make sure to check it out next time you're in the area and let us help you find your spot on the lake!

A Crib For Your Baby

A couple of weeks ago, we posted about the Greenville Boat Show.   If you made the trip and picked out one of the premium wakesurf boats (at 6 figures+), you may need a sweet place to keep it (a real steal at 5 figures+).   If you haven't locked in your spot on the lake, we can help you find one close to the same price as some of the boats mentioned above.   Beautiful docks make our lake more beautiful, and we love Kroeger Marine and the way they build docks.  Not only are they beautiful, but they are structurally sound and can withstand anything mother nature can throw at them.  This dock is wrapped in wood and also has a gorgeous shake shingle roof with a cupola to top it off.   By the way, Kroeger Marine can also help you with the rip rap to stabilize and beautify your shoreline.  Click here for more dock ideas.

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.

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