Lake Chatuge August 2011 Market Report

The Mountain Life Team Blogger August 15, 2011

Lake Chatuge August Market Report

Lake Chatuge is a TVA Lake which straddles the mountains of North Georgia and Western North Carolina. This is a Real Estate Market Report showing data compiled from the Northeast Georgia Board of Realtors MLS in both Clay County, NC. and Towns County, GA.

Year to date, there has been a total of 9 Homes Sold on Lake Chatuge. Currently there are 6 Homes Under Contract or Pending at the present time. In 2010, there were 17 Homes Sold on Lake Chatuge. Prices continue to drop on homes that have sold. In 2010, the average sales price was $563, 853. The lowest price sold was $220,000, and the highest price sold was $1,250,000. The average days on market was 298 days with resulting in 68% of the Original List Price. In 2011, of the 9 Homes Sold, the average sales price has been $42,533. The good news for sellers is that they are taking a little less time to sell and the sales price is holding closer to original list at 77%.  There are currently 54 Homes For Sale on Lake Chatuge.

This data is for Single Family Detached Homes Only

Year to date, there has been only 3 Lakefront Lots Sold on Lake Chatuge. There are currently 5 Lots that are Under Contract. In 2010, there were 12 Lots Sold on Lake Chatuge. In 2010, the average sales price was $222,292. The lowest priced lot sold was $60,000, and the highest price sold was $320,000. The average days on market was 313 days yielding on 67% of Original List Price. There are currently 52 Lakefront Lots For Sale on Lake Chatuge.

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