Kim Logan Greetings from Georgia’s Lake Country! We are still in the midst of an unprecedented real estate market. As you remember, COVID brought a brief dip in our market which was quickly followed by a huge interest in buyers looking to escape urban areas and colder weather climates. Of course, Lake Oconee and Lake Sinclair became very attractive to them. As a result, property started selling rapidly to the point where homes were going under contract for at or over asking price, and in some cases sight unseen by the buyers. This led to a big reduction in inventory and rapidly rising prices for our real estate. With our great climate, convenient location and “world-class” amenities, our area become one of the hottest places to relocate to in the country. In my 20 years of real estate in the lake country, I have never seen more demand and escalating values in this market! This trend continued throughout last year (2021). Currently (2022), our market is still in an under supply situation. It appears demand slowed somewhat in the early part of the year which was to be expected, however, with summer here, an expanded buyer pool
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KIM AND LIN LOGAN REAL ESTATE
Kim and Lin Logan Real Estate 706.338.0757 | www.kimandlinlogan.com
from younger people working out of the home and all the factors listed above, we expect our market to remain “HOT” for the rest of this year. Today’s buyers are using technology heavily to purchase real estate. Typically they are doing a lot research and selection through the internet, but still have a need for guidance from a competent realtor. This many times includes virtual guidance as well as the traditional research and showings we are all familiar with. Handling a real estate transaction virtually can be even more stressful and more detailed than ever. From the initial questions, through the closing process, technology does not replace the need for a great realtor and in fact may be even more important. Lake Oconee and Lake Sinclair have seen many changes over the years and no doubt will see many more in the future. I have been through them all and can assure you our team has evolved with the community and technology to make sure we remain the most skilled team in this market. We are ready to show you our Southern Hospitality and put our expertise to work for you by land, lake or air!