Lake Keowee Market Report, The Cason Group

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Anticipate a More Active Spring Market!

Lake Keowee’s beautiful Spring is blooming, and our real estate market continues to prosper. With low availability of homes in our market, it is easy to see that the limited inventory continues to fuel multiple bids on some properties.

Active buyers are watching for the availability of homes and lots, and react very quickly to place an offer on the right property once it becomes available.

Waterfront homes prices are up 3.50% over the first quarter of last year; Interior Home prices are up 3.44%. Waterfront Homesite/Lot prices are up 38.26% while Interior Homesites/Lot prices are

WATERFRONT HOME SALES OVERVIEW

January 1 - March 31, 2023

$62,465,476 TOTAL WATERFRONT HOME SALES

35 HOMES SOLD

-17.14% Volume Decrease From 2022 96.3% SALE TO ASK PRICE

$1,861,151 Avg. Asking Price

up 49.24% year-over-year. For more detail, check out the excel spreadsheets available in our digital email.

With two locations to serve you, our “Cabin office on the Hill” at 1243 Stamp Creek Road and our office at 455 By-Pass Hwy. 123, Suite A, Seneca, we look forward to consulting with you whether you are a buyer or seller. With almost 20 years selling Lake Keowee, we invite you to put your trust in us.

INTERIOR HOME SALES OVERVIEW

January 1 - March 31, 2023

$17,473,470

TOTAL INTERIOR HOME SALES

32 HOMES SOLD -53.13% Volume Decrease From 2022 97.1% SALE TO ASK PRICE

$562,547

Avg. Asking Price

$546,046 AVG. SALE PRICE +3.44% Price Increase Over 2022

2022

SALE
+3.50% Price Increase Over 2022 87 AVG DAYS ON MARKET -6 Fewer Homes Closed Than 2022
$1,784,728 AVG.
PRICE
67 AVG DAYS
ON MARKET -17 Fewer Homes Closed Than
THE CASON GROUP 864-903-1234 wesellkeowee.com Patti & Gary Cason Melissa & Corey Custer 864-903-1234 864-608-2511
WATERFRONT HOMES January 1 - March 31, 2023 THE CLIFFS AT LAKE KEOWEE 8 HOME SALES $2,783,719 Average Sale Price 22.86% MARKET SHARE 2 PENDING SALES $3,627,000 Average Pending Price 15 ACTIVE HOMES $3,832,393 Average Asking Price THE RESERVE AT LAKE KEOWEE 1 HOME SALES $1,710,000 Average Sale Price 2.86% MARKET SHARE 3 PENDING SALES $2,681,895 Average Pending Price 3 ACTIVE HOMES $3,650,000 Average Asking Price KEOWEE KEY 2 HOME SALES $936,000 Average Sale Price 5.71% MARKET SHARE 3 PENDING SALES $1,509,225 Average Pending Price 5 ACTIVE HOMES $899,180 Average Asking Price OTHER WATERFRONT HOMES 24 HOME SALES $1,525,572 Average Sale Price 68.57% MARKET SHARE 16 PENDING SALES $1,409,181 Average Pending Price 32 ACTIVE HOMES $1,875,022 Average Asking Price Lake Keowee Waterfront Homes: Closed Avg. Sale Price Avg. Ask Price % of Final Ask Price Avg. DOM Count WF Homes Closed YTD as of 03-31-23 $1,784,728$1,861,15196.3%8735 WF Homes Closed YTD as of 03-31-22 $1,724,310$1,783,27398.2%5341 WF Homes Closed YTD as of 03-31-21 $1,205,876$1,243,94996.9%8054
INTERIOR HOMES January 1 - March 31, 2023 THE CLIFFS AT LAKE KEOWEE 4 HOME SALES $722,500 Average Sale Price 12.50% MARKET SHARE 1 PENDING SALES $998,000 Average Pending Price 4 ACTIVE HOMES $1,272,000 Average Asking Price THE RESERVE AT LAKE KEOWEE 1 HOME SALES $825,000 Average Sale Price 3.13% MARKET SHARE 0 PENDING SALES $0 Average Pending Price 7 ACTIVE HOMES $1,864,196 Average Asking Price KEOWEE KEY 12 HOME SALES $486,789 Average Sale Price 37.50% MARKET SHARE 11 PENDING SALES $476,416 Average Pending Price 11 ACTIVE HOMES $640,700 Average Asking Price OTHER INTERIOR HOMES 15 HOME SALES $527,800 Average Sale Price 46.88% MARKET SHARE 10 PENDING SALES $438,830 Average Pending Price 9 ACTIVE HOMES $680,781 Average Asking Price Lake Keowee Interior Homes: Closed Avg. Sale Price Avg. Ask Price % of Final Ask Price Avg. DOM Count Interior Homes Closed YTD as of 03-31-23 $546,046$562,54797.1%67 32 Interior Homes Closed YTD as of 03-31-22 $527,870$535,05799.1%5549 Interior Homes Closed YTD as of 03-31-21 $473,661$498,48399.6%9249

WATERFRONT LOT SALES OVERVIEW

$17,086,400

SOLD
Volume Decrease From 2022 93.59% SALE TO ASK PRICE
Avg. Asking Price
January 1 - March 31, 2023 28 LOTS
-42.86%
$652,021
TOTAL WATERFRONT LOT SALES
AVG. SALE PRICE 38.26% Price Increase Over 2022 224 AVG DAYS ON MARKET 12 Fewer Lots Closed Than 2022
$610,229
INTERIOR LOT SALES OVERVIEW
- March
Volume Decrease From 2022 94.50% SALE TO ASK PRICE
Avg. Asking Price
INTERIOR LOT SALES
AVG. SALE PRICE 49.24% Price Incease Over 2022 159 AVG DAYS ON MARKET 38 Fewer Lots Closed Than 2022
January 1
31, 2023 27 LOTS SOLD -140.74%
$106,340
$2,712,900 TOTAL
$100,478
WATERFRONT LOTS January 1 - March 31, 2023 THE CLIFFS AT LAKE KEOWEE 6 LOT SALES $1,278,333 Average Sale Price 21.43% MARKET SHARE 2 PENDING SALES $1,100,000 Average Pending Price 31 ACTIVE LOTS $808,587 Average Asking Price THE RESERVE AT LAKE KEOWEE 3 LOT SALES $582,967 Average Sale Price 10.71% MARKET SHARE 5 PENDING SALES $413,737 Average Pending Price 6 ACTIVE LOTS $571,083 Average Asking Price KEOWEE KEY 1 LOT SALES $109,000 Average Sale Price 3.57.% MARKET SHARE 0 PENDING SALES $0 Average Pending Price 4 ACTIVE LOTS $191,068 Average Asking Price OTHER WATERFRONT LOTS 18 LOT SALES $419,917 Average Sale Price 64.29% MARKET SHARE 12 PENDING SALES $266,150 Average Pending Price 37 ACTIVE LOTS $285,494 Average Asking Price Lake Keowee Waterfront Lots: Closed Avg. Sale Price Avg. Ask Price % of Final Ask Price Avg. DOM Count Waterfront Lots Closed YTD as of 03-31-23 $610,229$652,02193.59% 224 28 Waterfront Lots Closed YTD as of 03-31-22 $441,372$469,96295.6%9940 Waterfront Lots Closed YTD as of 03-31-21 $310,843$331,26293.80%28288
INTERIOR LOTS January 1 - March 31, 2023 THE CLIFFS AT LAKE KEOWEE 7 LOT SALES $182,857 Average Sale Price 25.93% MARKET SHARE 9 PENDING SALES $173,492 Average Pending Price 63 ACTIVE LOTS $132,418 Average Asking Price THE RESERVE AT LAKE KEOWEE 2 LOT SALES $117,000 Average Sale Price 7.41% MARKET SHARE 0 PENDING SALES $0 Average Pending Price 15 ACTIVE LOTS $168,659 Average Asking Price KEOWEE KEY 6 LOT SALES $21,417 Average Sale Price 22.22% MARKET SHARE 3 PENDING SALES $47,666 Average Pending Price 3 ACTIVE LOTS $48,300 Average Asking Price OTHER INTERIOR LOTS 12 LOT SALES $89,200 Average Sale Price 44.44% MARKET SHARE 8 PENDING SALES $78,850 Average Pending Price 69 ACTIVE LOTS $69,657 Average Asking Price Lake Keowee Interior Lots: Closed Avg. Sale Price Avg. Ask Price % of Final Ask Price Avg. DOM Count Interior Lots Closed YTD as of 03-31-23 $100,478$106,34094.5%15927 Interior Lots Closed YTD as of 03-31-22 $67,327$72,88993.6% 324 65 Interior Lots Closed YTD as of 03-31-21 $40,180$44,12987.6%26240

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