Lake Sinclair (Milledgeville, GA)
By Tammy Lankford,, Broker GA Lake Sinclair/Eatonton/Milledgeville
(Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668)
A transaction that occurred in March led to some revelations for looking at the data for February. I'll explain, but first let's get to the data.Looking at price first, because this is where I had my... oh let me look at THAT moment this month because the price, as you can see the price hasn't been this low since 2013.  The average sales price was just $181,146 and the median sales price was at $154,500.  I wondered why the drop of 50,000 in just a month and there turns out to be two important things to factor into this month's numbers. The first is location, some of the under 100,000 homes weren't really on "Lake Sinclair", but were far upstream on tributaries that run into them and agents don't know the difference and check "Lake Sinclair" and not river. And a second thing of not occu...
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By Tammy Lankford,, Broker GA Lake Sinclair/Eatonton/Milledgeville
(Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668)
I expect that June wasn't just a fluke. I think that we can expect "similar" numbers at the end of this month. At the half way point we're reporting just under 1/3 of the totals of June, but the price is slightly higher. The days on the market are up again, but that also means that some of those lingering listings are getting off the market. The high DOM was 973. Nope, not kidding, it was on the market for more than two and half years.  The great news is the low DOM was 4 and also the % of Sold to List price has climbed again to an average of 95.93% which is great.  So can we close another 21 listings to tie the number that sold in June?  I'm betting yes.
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By Tammy Lankford,, Broker GA Lake Sinclair/Eatonton/Milledgeville
(Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668)
Why didn't my Lake Sinclair house sell? A unique look when I wasn't trying to list the property. Today I did a 'favor' for a friend who is a commercial real estate agent.  She has some listings for a client in town that are commercial and the client also owns some lake property.  So I wasn't after the listing, I was involved as a voice of experience to a friend. The house has been on the market for nearly 600 days.   It spent 6 weeks marked as "pending" and didn't close.  The house is a major fixer and the MLS indicates it needs some TLC.  The yard is a big fat mess There were just TWO photos in the MLS It's priced about $40,000 over the closest comps It's not hard to see and it's even very easy to say when I'm talking to my friend who is the agent for the owner.  Seeing this home has g...
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By Tammy Lankford,, Broker GA Lake Sinclair/Eatonton/Milledgeville
(Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668)
There's no "right answer" for this question, but it is black and white.  As in it's in the contract, typed in black on white paper.  Time of possession is written into the contract in Georgia and that's when your keys will be delivered.  If the contract says "at closing" the time can vary a bit from the exact moment that you are sitting at the closing table at the attorney's office for funding or wire transfers to hit the bank. But when I read today that in some states you have to wait for documents to be recorded, that's not the case in Georgia.  If at the closing table the buyers have signed the deed and the loan is wired to the attorney and bank has released those funds and down payment has been wired or delivered by cashier's check then the seller walks out with a check and the buye...
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By Tammy Lankford,, Broker GA Lake Sinclair/Eatonton/Milledgeville
(Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668)
It's 5:00 somewhere!  You'll love this home that is made for entertainment.  Roomy home with 3 Bedrooms and 2 baths, open kitchen and dining, big great room with built in bookshelves and a wonderful fireplace plus a bright and open sunroom, it also has a screened porch and an open deck to expand to some wonderful outdoor living.  Very gentle sloping lot to boathouse and dock.  Fee simple lot.  Paved drive and double carport with floored storage above the carport.  This is a must see.  Convenient to Macon and Milledgeville off of Highway 212.  
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By Tammy Lankford,, Broker GA Lake Sinclair/Eatonton/Milledgeville
(Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668)
Today a buyer that I have been working with for a while call  me to make plans to come to the lake this weekend to take a second look at some homes they saw just two weekends ago. They asked me about the first one they wanted to see and I checked... pending... second one.... nope it's pending too and I didn't have to look because another agent in my office sold it.  And they are now through all the inspections and have loan approval, so they're good to go for closing. My buyers are still going to come to the lake this weekend, but only to look at a couple of new homes that have just come on the market this week.  This seems to happen in our market this time of the year.  Tomorrow I hope to have time to do my April Lake Sinclair market report.  I had planned to do it today, but yesterday...
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By Tammy Lankford,, Broker GA Lake Sinclair/Eatonton/Milledgeville
(Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668)
Well we are seeing a traditional slow down that we see around the holidays at Lake Sinclair.  Most of our market is second/vacation homes and folks aren't typically shopping for homes to put under the tree.  But hey, if you want to be extravagant this year call me and I'm sure I can help you find the perfect home and wouldn't a wrapped up deed be great in a pretty box under the tree? 10 homes closed on Lake Sinclair in November.  That's down from October by 3, but still one more than closed in November of 2012 and 4 more than 2011. December seems to be quite sluggish as well.  We do have a few under contract, but only one lake home scheduled to close this month.  Of course I can be surprised.   While we dropped a bit below the high for the year which occurred in October it's so far ove...
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