Welcome to our Lake Keowee Mid-Year 2024 Market Report. The results are in, and the truth is this: people want to be here and experience the lifestyle that Lake Keowee has to offer. The Cason Group of Keller Williams says that we are the Lake Tahoe of the Southeast. This beautiful lake continues to command price increases. Of the four categories we report on, only one, waterfront homesites, saw a decrease in year-over-year price with a -13.3% price decrease and a -65.91% decrease in number closed.
Despite inflation and interest rate increases, you will find competition for several of our properties.
Focusing on Lake Keowee which has approximately three hundred miles of shoreline and 26.1 miles long, you have your choice of neighborhoods. Communities rich in amenities include The Cliffs–comprised of four waterfront developments, The Reserve at Lake Keowee, and Keowee Key. You will find specific information on these in each of the four categories. As our goal is to report on the
WATERFRONT HOME SALES OVERVIEW
January 1 - June 30, 2024
$155,309,356
TOTAL WATERFRONT HOME SALES
85
HOMES SOLD
-18.82%
Volume Decrease From 2023
96.7%
SALE TO ASK PRICE
$1,901,522
Avg. Asking Price
$1,827,169 AVG. SALE PRICE +7.18% Price Increase Over 2023
79 AVG DAYS ON MARKET -16
Fewer Homes Closed Than 2023
entire Lake Keowee market, we report on all the properties that are not in these golf communities and refer to them as “Other.” Below is a quick summary and we invite you to read the rest.
Waterfront homes: Price Increase was +7.18% and volume/unit decrease were -18.82% with eightyfive homes closed.
Interior/off water homes: Price increase was +31.83% and volume/unit decrease were -13.16% with seventy-six homes closed.
Waterfront Homesites: Price decrease was -13.3% and volume/unit decrease were -65.91% with forty-four homesites closed.
Interior/off-water Homesites: Price increase was +31.2% and volume/unit increase were +21.7% with eighty-four homesites closed.
Patti & Gary Cason, Melissa Cason-Custer & Corey Custer
INTERIOR HOME SALES OVERVIEW
January 1 - June 30, 2024
$58,307,972
TOTAL INTERIOR HOME SALES
76 HOMES SOLD -13.16% Volume Decrease From 2023
97.1% SALE TO ASK PRICE
$795,597
Avg. Asking Price
$767,210
AVG. SALE PRICE
+31.83% Price Increase Over 2023
80 AVG DAYS ON MARKET -10
Fewer Homes Closed Than 2023
WATERFRONT HOMES
January 1 - June 30, 2024 THE CLIFFS AT LAKE KEOWEE
$28,389,000 $22,388,425
$3,154,333
$3,496,400
$5,174,648 Average Asking Price
KEOWEE KEY
12
THE RESERVE AT LAKE KEOWEE 5
2 PENDING SALES
$4,477,685
$3,850,000 Average Pending Price
10 ACTIVE HOMES
$4,390,706 Average Asking Price
$13,925,500 $90,606,431
14 PENDING SALES
$1,160,458
$1,137,250
$1,535,702
$1,632,636 Average Pending Price 33
$1,558,785 Average Asking Price
$1,881,900
INTERIOR HOMES
January
$2,514,027
WATERFRONT LOT SALES OVERVIEW
January 1 - June 30, 2024
$27,901,350
TOTAL WATERFRONT LOT SALES
44
LOTS SOLD -65.91%
Volume Decrease From 2023
93.5%
SALE TO ASK PRICE
$668,872
Avg. Asking Price
$634,122
AVG. SALE PRICE -13.3%
Price Decrease Over 2023
164
AVG DAYS ON MARKET -29
Fewer Lots Closed Than 2023
INTERIOR LOT SALES OVERVIEW
January 1 - June30, 2024
$10,909,735
TOTAL INTERIOR LOT SALES
84 LOTS SOLD +21.7% Volume Increase From 2023 90.6%
SALE TO ASK PRICE
$148,130
Avg. Asking Price
$129,878
AVG. SALE PRICE
+31.2% Price Increase Over 2023
145
AVG DAYS ON MARKET +15
More Lots Closed Than 2023
19 LOT SALES
$1,013,605
WATERFRONT LOTS
January 1 - June 30, 2024
$19,258,500 $1,800,000 $0 $6,842,850
8
INTERIOR LOTS
January 1 - June 30, 2024 THE CLIFFS AT LAKE KEOWEE
25 LOT SALES
$149,000
KEOWEE KEY
$3,725,000 $1,268,335 $404,500 $5,511,900
9 LOT SALES
AT LAKE KEOWEE 9 LOT SALES
$140,926
1 PENDING SALES
$184,999 Average Pending Price
$86,036 Average Asking Price
LOTS
11 PENDING SALES
$92,818 Average Pending Price 39
$85,527 Average Asking Price
