Lake Burton Trends & Trades 2008

We've had a great summer season on Lake Burton this year. Labor Day is here and we still seem to be holding our own. We are seeing lower prices but actrivity has remained strong and active. First timers are still in sticker shock and some buyers who have been looking for over a year are seeing prices to their liking now. We have 64 active listings in our Rabun County MLS with almost 10 new listings in the last two months. As far as sales go, we are even with where we were this time last year. A major difference in our market is the number of houses we have listed over $3,000,000 but to date this year, there have been no sales in that range- The average sales price is down compared to last year. It definitely looks like a buyers market! There is plenty to choose from, so give us a call!

Solds	2006	2007	2008
Under $$1,000,000-	4	7	8
$1,000,000-$1,500,000	12	11	7
$1,500,000-$2,000,000	5	8	8
$2,000,000-$3,000,000	4	7	6
Over $3,000,000	1	2
Total	26	35	27

Current Listings as of August 27, 2008

Under $1,000,000	11
$1,000,000-$1,500,000	14
$1,500,000-$2,000,000	14
$2,000,000-$3,000,000	14
Over $3,000,000	13
Total	66

Pending

Closed Since January 1, 2008

Murray Cove	$ 595,000/$ 570,000
203 Seabrook	$ 699,000/$ 650,000
4025 Blalock Goldmine	$675,000
210 Draketown Lane	$800,000
92 Landing Lane	$ 846,000/$ 780,000
66 Folsom	$ 919,000/$ 828,500
112 Bristol Rd.	$1,250,000/$850,000
731 Moccasin Creek	$1,095,000/$969,500
229 E. Wildcat	$1,295,000/$1,232,500
643 Limberlost	$1,395,000/$1,200,000
328 Highlander Lane	$1,540,000/$1,537,000
1975 East Wildcat	$1,550,000/$1,350,000
39 Dee Lane	$1,575,000/$1,475,000
Lot 7 Cherokee Point	$1,699,000/$1,550,000
338 Cherokee Rd.	$1,725,000/$1,550,000
8 Lady Bug	$1,575,000/$1,575,000
1856 Meeting House	$1,795,000/$1,425,000
1928 Meeting House	$1,795,000/$1,520,000
3791 Blalock Goldmine Rd	$2,100,000/$1,895,000
201 Buford Lane	$2,200,000/$1,850,000
803 Wildflower Circle	$1,995,000/$1,950,000
171 Freelock	$2,200,000/$2,100,000
1047 East Wildcat	$2,390,000/$2,100,000
1110 Murray Cove	$2,480,000/$2,300,000
199 Point Drive	$2,695,000/$2,452,000
185 Rainbow Village	$2,700,000/$2,350,000
3272 Moccasin Creek	$2,795,000/2,650,000

The information contained herein is based on public records and is deemed accurate but is not guaranteed. The list includes all sales indicated by public records for Lake Burton including those homes sold through our MLS service and some sold by individual owners. There are some sales that slip under my radar.