Tag: lake market report

Mark Shoda Joins Lake Homes Realty on Lake Lanier in GA

Posted on Chris Melton
Lake Lanier, GA

A new lake real estate report from the country’s largest lake-focused brokerage show listing prices in Georgia are up over summer 2022. “The new Lake Real Estate Market Report from Lake Homes Realty shows Georgia’s total market at $2.1 billion, up from $1.9 billion in the summer of 2022,” said Mark Shoda, a new agent with Lake Homes Realty, who focuses on Lake Lanier in Georgia.  Lake Homes Realty operates in 34 states across the country.

“The new quarterly lake real estate report from Lakehomes.com shows Lake Lanier to be the largest market in the state of Georgia,” said Shoda. “The specialized website just showcases properties that are lakefront, have a lake view or lake access so we can help clients from across the country search for dream lake properties.” As of August 8, 2023, Lake Lanier has 733 lake area properties listed, ranging from a $15,000 lot to a $5.99 million lake home. “One hundred thirty-eight of the properties were listed for over $1 million,” said Shoda.

The average home price for listings around Lake Lanier is $929,389, according to the Lake Market Real Estate Report. The average lot price is $675,819 for the 229 lake area lots currently listed.

“Lake Lanier is one of the best boating spots in the country, and it opens the door for plenty of related activities such as waterskiing, tubing, and wakeboarding,” said Shoda.  “With 38,000 acres of pristine water, Lake Lanier appeals to lake home searchers from across the country. It remains at the top of Lake Home Realty’s Annual ‘Hot Lakes’ list. Among the hundreds of people searching the lake homes and lots on Lake Lanier in May 2023, the top Metro area looking on LakeHomes.com was Washington D.C. followed by New York City and Greenville, South Carolina,” said Shoda.  “ The national reach offered by LakeHomes.com works really well with my local expertise along Lake Lanier and the surrounding area,” said Shoda.  One in 37 American adults look at LakeHomes.com each year.

“We believe our agents’ intimate knowledge about their lake real estate markets, nuances of the lakes themselves, and their involvement in local lake life is paramount to our continued growth,” said Glenn S. Phillips, CEO and Chief Economic Analyst for  Lake Homes “Mark offers outstanding customer service in the Lake Lanier areas and is truly a specialist in that area,” he said.

About Mark Shoda

Mark Shoda is your ultimate expert in all matters concerning Lake Lanier. What sets Mark apart isn’t just his extensive experience in real estate, but also his firsthand understanding as a lakefront property owner. He doesn’t just talk the talk about lake life; he truly lives and breathes it.

With his wealth of experience in real estate transactions, Mark can offer invaluable insights on topics ranging from dock permits to property boundaries and more. Furthermore, he’s deeply ingrained in the Lanier community, having been a part of it for five years and cherishing the close bonds he’s formed.

For Mark, being a real estate agent is more than just a job; it’s a source of joy derived from helping others achieve their dreams. Whether you’re an existing homeowner or aspiring to become one, he’s genuinely excited to be a part of your journey and to safeguard your future endeavors.

Beyond his real estate passion, Mark’s heart belongs to his loved ones. He holds his fiancée in the highest regard, considering her the most amazing person he’s ever met, and he treasures the time spent with his parents and future in-laws. When he’s not busy assisting clients, you’ll find Mark indulging in his favorite pastimes, such as playing tennis, fervently supporting his favorite NFL team, or enjoying quality time on the water with his boat or jet ski.

COVID-19 and Lake Real Estate: Difficult Times Require Dependable Partners

Posted on Mark Griggs

Protecting Everyone

The proliferation of COVID-19 will most assuredly bring significant and permanent changes to businesses across the spectrum in the United States and worldwide. The real estate industry will also certainly change to meet the needs of customers everywhere. Even with restrictions on travel and free movement within communities, real estate transactions are still taking place. Both buyers and sellers are completing negotiations and closings in what is shaping up to be a busy spring period.

Here at Lake Homes Realty,  we’ve taken steps to protect agents and customers as we negotiate the new environment in which we find ourselves. Glenn S. Phillips, CEO of Lake Homes Realty, says that “Safety is the number one challenge in conducting our business presently. We are doing everything in our power to support our clients safely and protect our agents.”

Safe Showings

Many buyers of lake real estate live in areas far removed from the lake markets in which they are searching for a home. LakeHomes.com, our highly trafficked website, is the perfect platform to allow potential buyers in markets across the country to shop for lake realty virtually anywhere in the company’s 29-state footprint.

Since there is often distance involved, our agents are offering virtual walkthrough services by using programs such as Facetime, WhatsApp and Zoom. Agents are spending significant time with clients to ensure all questions are answered and needs are met through the medium of mobile-based live video.

When physical showings are necessary, we’ve established a set of common-sense rules for conducting those showings. Agents will arrive early armed with disinfecting wipes or sprays, cleaning all doorknobs and light switches, then leaving the lights on and doors open to minimize touching while touring the homes.

Agents will ask that potential buyers minimize touching or sitting on the furniture. They will also request that the agent be alerted to any areas that need to be shown, which may not be easily accessible.

Seller Service Through Technology

Lake Homes Realty is a hybrid company, existing both digitally through LakeHomes.com and as a traditional brokerage with agents located in markets nationwide. Because of our unique position, we have resources for lake real estate that other brokerages do not.

We produce the Lake Homes Realty Lake Real Estate Market Report quarterly, but since these unprecedented circumstances began, we’re now updating the report data daily. These accelerated data reports provide our agents with the most up to date comparables with which establish dependable market pricing for sellers. No other brokerage has this tool.

As always, valuation services are free to sellers listing a home or property. Best of all, these services can take place virtually through a web conference or telephone meeting to minimize or eliminate face to face appointments.

Listing Power

With over 4 million highly qualified buyers visiting LakeHomes.com annually, expressly to shop for lake properties, there is no more powerful or safe partner for selling your lake real estate. We’ll develop those leads and virtually introduce your property to our qualified buyers. This incredible level of service supports sellers even in this challenging business climate.

Stay Informed

The COVID-19 virus is continuously pushing us all to be knowledgeable about the pandemic. Staying informed and being able to move nimbly under these market conditions is the key to success. Lake Homes Realty is the partner who wants to protect you and your interests in this difficult time. 

 

Top 5 Biggest Markets of 2018

Posted on Staff

2018 was quite a year for Lake Homes Realty! In the last 12 months, our corporate headquarters relocated to a larger, multi-tenant business complex; ranked on the Inc.5000 list of fastest growing, privately owned companies in America for a second consecutive year; and opened operations in six more states.

Across the nation, the year has been good to many lake real estate markets as well, including these five markets, which ranked among the largest lake real estate markets in the country in 2018.

Lake Michigan, Michigan

From the beginning of 2018, No. 1 Lake Michigan’s overall market value (or the combined listing value of all the lake’s properties for sale) increased by nearly 35 percent, according to LakeHomes.com’s Fall Lake Market Report.

Individually, the lake’s home and land markets saw overall value increases of 45 percent and 9 percent, respectively. This rather wide margin between the two markets can be attributed to uneven increases in listings and average home price.

While land listings on Lake Michigan increased from 822 in January to 900 this fall, residential listings more than doubled, up from 673 to 1021.

This spike in homes for sale increased Lake Michigan’s total market by approximately $293 million over the year. This market also saw its average home price increase by about 10 percent to roughly $1 million.

As of fall 2018, the Lake Michigan real estate market is valued at more than $1.2 billion. Its home market currently boasts listings totaling nearly $957 million, while Lake Michigan land listings total about $267 million.

Lake Norman, North Carolina

The second-largest lake real estate market featured in the Fall Report, Lake Norman has an overall market of roughly $795 million, up 24 percent since January 2018.

Lake Norman’s home market increased by more than 28 percent this year to $654 million.

This is likely due to an increase of 181 residential net listings since January; however this increase also resulted in a drop in average home price, which is down from $876,000 to $849,000.

The lake’s land market also grew by about 9 percent to $141 million, despite a slight drop (4 percent) in listings.

In total, Lake Norman currently has 1,225 listings along its 520 miles of shoreline.

Lake Lanier, Georgia

Lake Lanier, ranked No. 3 among LakeHomes.com’s largest lake markets, reports a total inventory of 1,397 listings valued at roughly $650 million.

This market saw increases across the board in both number of listings and market value. Its average home price, however, remained virtually unchanged compared to winter 2018 data.

Most significantly, Lake Lanier’s home market rose more than 46 percent in listing value, up from $329 million in January to $482 million in the fall. Homes for sale increased as well, by nearly the same amount, 48 percent, from 591 to 872 listings.

Land listings increased from 459 to 498 this year, driving the market’s value up almost 10 percent to $139 million.

The Fall Market Report puts Lake Lanier’s average home price at $553,000.

Lake Travis, Texas

At $616 million in lake real estate, Lake Travis is the No. 1 largest lake in the Lone Star State, and the fourth-largest featured in the Lake Market Report.

Since the beginning of 2018, this market has increased by more than 22 percent in overall market value and almost 30 percent in total inventory.

Much of this influx of net inventory is homes for sale, which almost doubled this year from 242 listings to 354. Because the home market increased by only about 23 percent, Report data indicates the average home price on Lake Travis dropped 12 percent.

Currently, this average home price is $1.4 million, the third-highest in the state.

The Lake Travis land market value increased by 18 percent over the same period, with listings increasing by about 14 percent.

Land listings now total $120 million.

Lake Oconee, Georgia

Rounding out our list of the Top 5 biggest lake real estate markets of 2018 is Georgia’s Lake Oconee.

Its 1,207 total listings combine for a total market of $496 million, up 14 percent from $434 million at the beginning of the year.

The lake’s land market increased slightly to $147 million from $141 million in January. Land listings decreased by only one property compared to winter data.

Approximately 18 percent more residential properties are on the market at the end of 2018 than were for sale at the beginning of the year.

Currently these residential listings combine for a total lake home market value of $328 million.

Lake Lanier’s average home price only increased by about 2 percent.

About the Lake Market Report

Each quarter, LakeHomes.com publishes an in-depth Lake Market Report, that analyzes real estate data pulled from the approximately 100 MLSs of which they are members, to feature the Top 10 lake real estate markets across 16 states in the Central and Eastern U.S.

The 2018 Fall Lake Market Report reflects values of current listings across each lake’s home, land and commercial markets as of Sept. 1, 2018, at which time Report data was pulled.

These figures – market value, average home price, etc. – represent only those properties currently on the market.

According to Lake Market Report Methodology, lake property is defined as “any home or land/lot listing adjacent to a recognized inland body of water, has a view of any of these lakes, has designated access to a lake, or is within a community that considers itself a lake-focused community or development.”

For more information about your local market please download your free copy of the Lake Market Report here!