Lake Keowee is a Popular Destination for Home & Lot Buyers!
Lake Keowee is the Lake Tahoe of the Southeast, and with the commitment of several volunteer advocates, our beautiful freshwater lake remains a sought-out destination. Three of the four categories included in our 3rd quarter report showed increases in number of sales and average sale price, with only waterfront homesites showing a decrease year over year. A quick summary of this quarter’s report:
• Waterfront homes: Price Increase was +5.92% and volume/unit decrease were -7.30% with 137 homes closed
• Interior/off water homes: Price increase was +27.23% and volume/unit decrease were -22.31% with 121 homes closed.
• Waterfront Lot/Homesites: Price decrease was -8.99% and volume/unit decrease were -44.59% with 74 homesites closed.
• Interior or off-water Lots/Homesites: Price increase was +33.8% and volume/unit increase +.9% with 112 homesites closed.
The purpose of The Cason Group market report is to share the numbers. Since 2005 we have used the data that we download from our Western Upstate Multiple Listing Service, the dominant service for the Upstate South Carolina Lakes. Our Excel spreadsheets are embedded in our electronic version of this newsletter. If you have received a pdf copy and would like to review the spreadsheets, give us a call and we will forward them to you.
Patti & Gary Cason, Melissa Cason-Custer & Corey Custer
WATERFRONT HOME SALES OVERVIEW
January 1 - September 30, 2024
$253,978,356
TOTAL WATERFRONT HOME SALES
137
$1,941,695 Avg. Asking Price
$1,853,857 AVG. SALE PRICE +5.92% Price Change Over 2023 86 AVG DAYS ON MARKET
INTERIOR HOME SALES OVERVIEW
January 1 - September 30, 2024
$95,088,372
TOTAL INTERIOR HOME SALES
121 HOMES SOLD -22.31% Volume Change From 2023
SALE TO ASK PRICE
$819,292
Avg. Asking Price
$785,854 AVG. SALE PRICE +27.23% Price Change Over 2023
85 AVG DAYS ON MARKET -27
Change in Homes Closed Over 2023
WATERFRONT HOMES
January 1 - September 30, 2024
THE CLIFFS AT LAKE KEOWEE
18
THE RESERVE AT LAKE KEOWEE
$55,230,500 $30,764,425
7
$3,068,361
$7,394,841
$4,394,918
$4,501,200
Average Asking Price
KEOWEE KEY
5 PENDING SALES
$5,187,937
Average Pending Price
10 ACTIVE HOMES
$4,466,137 Average Asking Price
$25,973,300 $142,009,931
$1,236,833
$1,774,838
$1,259,667
HOMES 91
15 PENDING SALES
$1,560,549
$1,555,993 Average Pending Price
32
$1,627,291 Average Asking Price
INTERIOR HOMES
January
$24,059,000 $18,149,000
$1,718,500
$1,449,000
$2,016,556
$2,110,343
$2,194,000
WATERFRONT LOT SALES OVERVIEW
January 1 - September 30, 2024
$43,803,150
TOTAL WATERFRONT LOT SALES
74 LOTS SOLD
INTERIOR LOT SALES OVERVIEW
January 1 - September 30, 2024
$13,698,735 TOTAL INTERIOR LOT SALES
112
$122,310 AVG. SALE PRICE +33.79% Price Change Over 2023
$623,507
Avg. Asking Price
WATERFRONT LOTS
January 1 -September 30, 2024 THE CLIFFS AT LAKE KEOWEE
29 LOT SALES
$944,603
$524,667
$1,238,014 Average Asking Price THE RESERVE AT LAKE KEOWEE
KEOWEE KEY
$27,393,500 $3,295,000 $527,000 $12,587,650
3 LOT SALES
3 LOT SALES
$1,214,833 Average Asking Price
OTHER WATERFRONT LOTS
39 LOT SALES
INTERIOR LOTS
January 1 - September 30, 2024
THE CLIFFS AT LAKE KEOWEE
32 LOT SALES
$152,656 Average Sale Price 28.6% MARKET SHARE +13.41% Price Change
4 PENDING SALES
$172,500 Average Pending Price 66 ACTIVE LOTS
$144,215 Average Asking Price
KEOWEE KEY
THE RESERVE AT LAKE KEOWEE
$4,885,000 $1,669,835 $462,500 $6,681,400
11 LOT SALES
$42,045 Average Sale Price 9.8% MARKET SHARE
+48.18% Price Change
3 PENDING SALES
$20,000 Average Pending Price 1 ACTIVE LOTS $127,000 Average Asking Price
14 LOT SALES
$119,274
2 PENDING SALES
$50,000 Average Pending Price
9 ACTIVE LOTS
$188,878 Average Asking Price
OTHER INTERIOR LOTS
55 LOT SALES
$121,480 Average Sale Price 49.1% MARKET SHARE
6 PENDING SALES
$190,317 Average Pending Price
33
$89,675 Average Asking Price
