Lake Oconee Real Estate Market Update – June 2016

 

The Vining Group SOLD the seven properties above in June 2016.

What a great month June 2016 was in the Lake Oconee real estate market!  There were a total of 77 transactions, and The Vining Group closed seven of those alone!  Of the 77 transactions, 50 were residential properties and 27 were land lots.  If you compare these numbers with those from June 2015, you will see that we are going in the right direction, as last year there were only 64 transactions in June, 49 of which were residential properties and 15 were land lots.  Take a look below for a more detailed breakdown of the Lake Oconee real estate market for the month of June 2016:

50 Residential Properties SOLD

  • Two homes sold for over $1 Million
  • 17 were on the water with sale prices ranging from $130,000 to $1,175,000
  • 9 were on the golf course with prices ranging from $178,500 to $845,000
  • 24 were in Gated Golf Communities, 17 of which were in Reynolds Lake Oconee
  • 30 were in Greene County, 17 were in Putnam County and 3 were in Morgan County
  • There was one Bank-owned and one Short Sale
  • The Vining Group sold three residential properties (Reynolds Lake Oconee, Harbor Club and Cuscowilla)

27 Land Lots SOLD

  • 7 were on the water with sale prices ranging from $193,500 to $680,000
  • 5 were on the golf course with prices between $35,000 and $200,000
  • 19 were in Gated Golf Communities, 11 of which were in Reynolds Lake Oconee
  • 17 were in Greene County, 9 were in Putnam County and 1 was in Morgan County
  • There were 3 Bank-owned lots that sold
  • The Vining Group sold four land lots (2 in Reynolds Lake Oconee, 1 in Collis & 1 in Copelan Landing)

We hope this breakdown will give you some insight into the current state of the Lake Oconee real estate market!  If you would like to discuss this information in further detail, please give us a call at 706-816-1010.  The Vining Group would love the opportunity to sell YOUR Lake Oconee real estate!  If you are considering selling your property, and are interested in how we can help, give us a call and we’d be glad to meet with you!

This Lake Oconee Real Estate Market information was gathered from the LCBOR MLS on July 7th, 2016 and is deemed reliable but not guaranteed.