LAKE KEOWEE REMAINS DESIRABLE LOCALE
Spring has arrived on Lake Keowee, bringing the joys of warm weather, sunshine, and boaters, signaling the start of a vibrant season. Amidst this lively atmosphere, the first quarter results reveal Lake Keowee’s allure, drawing buyers from across the nation. Analyzing the waterfront home market for the first quarter of 2024, an increase of six homes (+17.14%) closed at an average sales price -21.64% lower than the previous year. Currently, 20 waterfront homes are pending, compared to 24 last year at an average asking price of $2,131,916. Listings show 41 waterfront homes available, down from 55 last year, with an average asking price of $2,349,952, a slight decrease from last year’s $2,416,954. On the Lake Keowee interior front, four fewer homes closed (-13.79%) with a -4.46% decrease in the average sales price. Presently, 26 interior homes are pending, up from 22 last year, with an average asking price of $842,204. Listings depict 60 interior homes available, compared to 31
WATERFRONT HOME SALES OVERVIEW
January 1 - March 31, 2024
$60,157,300 TOTAL
HOME SALES
41
last year, with an average asking price of $980,103. Waterfront homesite/lot prices have seen a notable decline of ten (-55.56%), with the average sales price dropping by -18.86% to $610,211. Meanwhile, interior homesite/lot prices have decreased by -7.88% to $93,135 for the average sales price, yet there’s been an increase of five homesites closed, marking a +18.52% rise year-over-year. Currently, there are 70 waterfront homesites listed, up from 41 last year, while interior homesites listings have decreased to 118 from 150 for the same period. For those who revel in detail, our electronic version includes embedded Excel spreadsheets covering Waterfront Homes, Interior Homes, Waterfront Homesites/Lots, and Interior Homesites/Lots.
With over 20 years of dedicated service in selling Lake Keowee properties, we extend an invitation to entrust your real estate needs to us.
Patti & Gary Cason, Melissa Cason-Custer, Corey Custer
INTERIOR
January 1 - March 31, 2024
$16,004,000
$567,717
Avg.
SOLD +17.14% Volume Increase Over 2023
SALE TO ASK PRICE
HOMES
96.9%
$1,526,353 Avg. Asking Price
WATERFRONT
SALE PRICE -21.64% Price Decrease From 2023
AVG DAYS ON MARKET +6 More Homes Closed Than 2023
$1,467,251 AVG.
90
HOME SALES OVERVIEW
SALE TO ASK
29 HOMES SOLD -13.79% Volume Decrease From 2023 97.2%
PRICE
Asking Price
TOTAL INTERIOR HOME SALES
-4.76% Price
From 2023
AVG DAYS ON MARKET -4
Homes
Than 2023
$551,862 AVG. SALE PRICE
Decrease
89
Fewer
Closed
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, 2024 THE CLIFFS AT LAKE KEOWEE 1 HOME SALES $1,925,000 Average Sale Price 2.44% MARKET SHARE -7 Volume Change from 2023 2 PENDING SALES $2,499,500 Average Pending Price 9 ACTIVE HOMES $4,121,389 Average Asking Price THE RESERVE AT LAKE KEOWEE 2 HOME SALES $3,350,000 Average Sale Price 4.88% MARKET SHARE +1 Volume Change from 2023 3 PENDING SALES $5,065,000 Average Pending Price 4 ACTIVE HOMES $3,922,843 Average Asking Price KEOWEE KEY 7 HOME SALES $1,041,571 Average Sale Price 17.07% MARKET SHARE +5 Volume Change from 2023 2 PENDING SALES $904,838 Average Pending Price 2 ACTIVE HOMES $877,000 Average Asking Price OTHER WATERFRONT HOMES 31 HOME SALES $1,427,139 Average Sale Price 75.61% MARKET SHARE +7 Volume Change from 2023 13 PENDING SALES $1,587,281 Average Pending Price 26 ACTIVE HOMES $1,608,084 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 03-31-24 $1,467,251 $1,526,353 96.9% 90 41 WF Homes Closed YTD as of 03-31-23 $1,784,728 $1,861,151 96.3% 87 35 WF Homes Closed YTD as of 03-31-22 $1,724,310 $1,783,273 98.2% 53 41 $1,925,000 $6,700,000 $7,291,000 $44,241,300
INTERIOR HOMES January 1 - March 31, 2024 Lake Keowee Interior Homes: Closed Avg. Sale Price Avg. Ask Price % of Final Ask Price Avg. DOM Count Interior Homes Closed YTD as of 03-31-24 $551,862 $561,717 97.2% 89 29 Interior Homes Closed YTD as of 03-31-23 $576,469 $592,470 $97.3% 66 33 Interior Homes Closed YTD as of 03-31-22 $527,870 $535,057 99.1% 55 49 THE CLIFFS AT LAKE KEOWEE 2 HOME SALES $1,257,500 Average Sale Price 6.90% MARKET SHARE -3 Volume Change from 2023 4 PENDING SALES $1,684,500 Average Pending Price 6 ACTIVE HOMES $2,688,000 Average Asking Price THE RESERVE AT LAKE KEOWEE 1 HOME SALES $1,299,000 Average Sale Price 3.45% MARKET SHARE 0 Volume Change from 2023 3 PENDING SALES $1,728,333 Average Pending Price 7 ACTIVE HOMES $2,113,339 Average Asking Price OTHER WATERFRONT HOMES 12 HOME SALES $511,708 Average Sale Price 41.38% MARKET SHARE -3 Volume Change from 2023 9 PENDING SALES $543,389 Average Pending Price 32 ACTIVE HOMES $574,812 Average Asking Price KEOWEE KEY 14 HOME SALES $432,107 Average Sale Price 48.28% MARKET SHARE +2 Volume Change from 2023 10 PENDING SALES $508,380 Average Pending Price 15 ACTIVE HOMES $632,720 Average Asking Price $1,299,000 $6,049,500 $6,140,500 $2,515,000
WATERFRONT LOT SALES OVERVIEW January 1 - March 31, 2024 18 LOTS SOLD -55.56% Volume Decrease From 2023 90.90% SALE TO ASK PRICE $539,744 Avg. Asking Price $9,240,950 TOTAL WATERFRONT LOT SALES $513,386 AVG. SALE PRICE -18.86% Price Decrease From 2023 127 AVG DAYS ON MARKET -10 Fewer Lots Closed Than 2023 INTERIOR LOT SALES OVERVIEW January 1 - March 31, 2024 32 LOTS SOLD +18.52% Volume Increase Over 2023 87.0% SALE TO ASK PRICE $93,135 Avg. Asking Price $2,980,335 TOTAL INTERIOR LOT SALES $93,135 AVG. SALE PRICE -7.88% Price Decrease From 2023 199 AVG DAYS ON MARKET +5 More Lots Closed Than 2023
WATERFRONT LOTS January 1 - March 31, 2024 Lake Keowee Waterfront Lots: Closed Avg. Sale Price Avg. Ask Price % of Final Ask Price Avg. DOM Count Waterfront Lots Closed YTD as of 03-31-24 $513,386 $539,744 90.90% 127 18 Waterfront Lots Closed YTD as of 03-31-23 $610,229 $652,021 93.59% 224 28 Waterfront Lots Closed YTD as of 03-31-22 $441,372 $469,962 95.6% 99 40 THE CLIFFS AT LAKE KEOWEE 8 LOT SALES $895,625 Average Sale Price 44.44% MARKET SHARE +2 Volume Change over 2023 3 PENDING SALES $766,192 Average Pending Price 21 ACTIVE LOTS $1,290,250 Average Asking Price THE RESERVE AT LAKE KEOWEE 0 LOT SALES 0 Average Sale Price 0 MARKET SHARE -3 Volume Change from 2023 0 PENDING SALES 0 Average Pending Price 3 ACTIVE LOTS $862,500 Average Asking Price KEOWEE KEY 0 LOT SALES 0 Average Sale Price 0 MARKET SHARE -1 Volume Change from 2023 0 PENDING SALES 0 Average Pending Price 3 ACTIVE LOTS $185,543 Average Asking Price OTHER WATERFRONT LOTS 10 LOT SALES $207,595 Average Sale Price 55.56% MARKET SHARE -8 Volume Change from 2023 10 PENDING SALES $384,459 Average Pending Price 43 ACTIVE LOTS $508,284 Average Asking Price $7,165,000 $0 $0 $2,075,950
INTERIOR LOTS January 1 - March 31, 2024 Lake Keowee Interior Lots: Closed Avg. Sale Price Avg. Ask Price % of Final Ask Price Avg. DOM Count Interior Lots Closed YTD as of 03-31-24 $93,135 $104,497 87.1% 199 32 Interior Lots Closed YTD as of 03-31-23 $100,478 $106,340 94.5% 159 27 Interior Lots Closed YTD as of 03-31-22 $67,327 $72,889 93.6% 324 65 THE CLIFFS AT LAKE KEOWEE 11 LOT SALES $118,318 Average Sale Price 34.38% MARKET SHARE +4 Volume Change from 2023 4 PENDING SALES $255,750 Average Pending Price 57 ACTIVE LOTS $142,093 Average Asking Price THE RESERVE AT LAKE KEOWEE 5 LOT SALES $104,687 Average Sale Price 15.63% MARKET SHARE +3 Volume Change over 2023 2 PENDING SALES $34,950 Average Pending Price 10 ACTIVE LOTS $111,140 Average Asking Price OTHER WATERFRONT LOTS 11 LOT SALES $85,127 Average Sale Price 34.38% MARKET SHARE -1 Volume Change from 2023 14 PENDING SALES $256,841 Average Pending Price 47 ACTIVE LOTS $86,929 Average Asking Price KEOWEE KEY 5 LOT SALES $43,800 Average Sale Price 15.63% MARKET SHARE -1 Volume Change from 2023 2 PENDING SALES $67,500 Average Pending Price 4 ACTIVE LOTS $34,000 Average Asking Price $1,301,500 $523,435 $219,000 $936,400
