24 Dakota Lane on Lake Burton sold last week for an undisclosed price.  The home was listed by Harry Norman realtors for $7.3m

New Listing on Lake Burton

This home on Lake Burton on Moccasin creek was just listed by Harry Norman Realtors and is for sale for $1.75m.

Another Sale on Lake Rabun

This home at 76 Guy Hall Lane on Lake Rabun, listed by Remax, recently sold for $1.775m

Lake Burton Sales Review

For 2010, there have been 12 homes sold and there are another 2 under contract.  2010 is looking to be a better year in terms of sales.  The $1.5m to $2m price point has not seen a sale since 2008.  This was the strongest price range for 2008, so it is curious that there have been no sales in this range for 2009 and 2010.    We are a ways from reaching the peak of 2007 in terms of the number of homes sold, but we will have more homes sold above the $3m price point this year than in any of the previous years.

Lake Rabun Sales Review

The average number of homes sold on Lake Rabun per year for the past 10 years is 9 homes. With three months to go in this year, 6 homes have already sold and another 2 are under contract. 2006 was the best year in terms of the number of homes sold with 13 homes sold in one year. There are still several bank owned homes for sale on Lake Rabun at great prices.

229 E. Wildcat Rd. on Lake Burton now Under Contract

This home, listed for $3.395m is now under contract.

2170 Lake Rabun Road Under Contract

This home listed for $1,399,000 is now under contract.