Since Lake Hartwell forms the border of two states, we need to pull data from two separate MLS's for a complete picture of the market. This makes the data more difficult to summarize as duplicates need to be removed manually. That being said, this report is the only one of its kind that I am aware of and the data is extremely valuable to us and to our clients. We now have 10 years of running data collected in the same format for analysis.
For single family lakefront homes, the fourth quarter of 2017 was almost flat to the previous quarter and 7% down from the same quarter of 2016. 75 homes were sold with an average price of $350,334. The number of available homes was down 20% indicating there were not a lot of new sellers entering the market. The average sell/list ratio was down slightly to 94% with buyers having more leverage during negotiations. Lake lot sales were down sharply with only 8 lots sold at an average price of $135,938. Check out the recent market activity and be assured that there is nobody else that you want representing you on the purchase or sale of your spot on the lake.