I'm really behind on my market reports, but working toward analyzing the data to get them done this week.
April wasn't a great month, but to date it was the best in 2016 which is typical that when spring arrives so do weekend/vacation home buyers at Lake Sinclair. 14 waterfront homes closed in April. 5 Homes were manufactured, 8 were site built and 1 was a modular. Up just one sale from March and down three from the same period last year.
The overall average price was $215,358. Median average was $190,250. The manufactured homes average was $121,302 and the site built average was $275,563. Average overall price per square foot was $121, for manufactured homes was $96 and site built homes was $131.
Average price was up from March 2016, but still down from January 2016.
Days on the market average fell for the 4th straight month. This is the best sellers news through April of this year. Overall the average was 111 days on the market. This largest difference between manufactured homes and site built homes comes in the days on the market. Manufactured homes were on the market an average of 207 days while site built homes were on the market an average of 35 days.
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Tammy Lankford, Broker/Owner
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Tammy, These are some nice looking market reports on Lake Sinclair. I bet sellers are very please with those days on the market. Happy Selling!
The thing your market reports about Lake Sinclair show over and over, Tammy, is how incredibly affordable lakeside living is in Georgia, or at least in your beautiful neck of the woods.
Tammy Lankford, Thank you for taking the time to prepare and share this information.
Buyers clearly are making a statement they like site built homes better and are snatching them up pretty quickly.
Tammy
thanks for sharing the April 2016 real estate market report for Lake Sinclair, Georgia.
Good luck and success.
Lou Ludwig
You always provide good information about your real estate market.
Interesting graphs - looks like 2015 was a crazy year and even though prices are down now, homes are selling fast.
I love the photo behind your market report graph area. Now, everyone elses reports look Blah-zay including mine. LOL
Lauren Selinsky
Aloha Tammy, whats your opinion of the Manufactured and Modular homes? Is the savings in price per square foot worth it in regards to quality, design, and function?
Tammy,
Great report on lake Sinclair homes, with those sunsets no wonder people come from all over! Have a great week!