LIVE THE BEST LIFE ON THE BEST LAKE!
There is no better place to live than Lake Keowee and its surrounding Blue Ridge Mountain foothills! We are enamored by this area and want to share our in-depth knowledge about this real estate market. This is our 20th annual Lake Keowee Year-End Market report. Patti Cason started this tradition to wrap up the year- end results beginning in 2005. This is a comprehensive report supported by four Excel spreadsheets containing each sale recorded during 2024 that was reported on our Western Multiple Listing service for Waterfront homes, Off-water homes, Waterfront homesites and off-water homesites. Each has six individual tabs for “All” properties, The Cliffs’ Communities, The Reserve at LakeKeowee, Keowee Key, and “Other Developments.” The Summary sheet summarized each category so that you will know market share, price and units closed changes, average sales and average ask price, days on market, median sales price, and percent of sales price to ask price. These are embedded in our electronic report and are always available to anyone that wants access to this level of detail.
$351,844,455 was the total sales for Waterfront homes in 2024 with 181 homes closed, only four fewer than last year. The average sales price was $1,943,892. The highest priced home sold was in The Cliffs at Keowee Springs community for $10 million. It is located on the iconic Turkey Head Point. The overall price increase for waterfront homes in 2024 was 9.15%; The Reserve at Lake Keowee experienced the greatest sales price increase of +35.44%. Interior or off-water homes totaled $131,332,372 in sales with 156 homes closed at an average sales price of $841,874 with an average price increase over 2023 of 31.94%. Twenty-six fewer homes closed in 2024 compared to 2023.
The Cliffs’ Communities led the way with an average increase of 40.23% for its interior/off water homes. Waterfront homesites came in at total sales of $58,479.100 with 95 lots closed at an average sales price of $615,569 and 39 fewer lots closed. The reduction in both sales price and units closed were -41.05% and -11.53% respectively. You want to read the report to see where the price variances were greatest. The final category is interior or off-water homesites/lots. The total sales were $17,796,768 for 144 properties at an average sales price of $123,589. Eleven fewer properties closed with a -7.64% price decrease.
The Cason Team Realtors of Keller Williams are entering our 21st year. Melissa Cason-Custer and Patti Cason will continue to exceed your expectations. Gary Cason is our phenomenal partner helping us help our clients by adding services to make life easier for the clients we represent. We want you to be one of them! Our goal with this report is to provide a level of information that is meaningful and helps with your decision making. When you use any of the four Excel spreadsheets, if you select the tab for “All,” you may click the dropdown box above the Subdivision column on the spreadsheet and select the neighborhood you are most interested in. Select your community – it is all there for you! We invite you to our complimentary gathering on January 24 at Keowee Key in the Vista Room for Lake Keowee Market Report information. Enjoy complimentary wine, beer, and appetizers from 4:30 to 5:30 and we can linger a litter longer as we have invited FOLKS as well. Friends Of Lake Keowee is committed to the health of Lake Keowee! Email wesellkeowee@kw.com or text 864-903-1234 to RSVP. We will be ready for you!
WATERFRONT HOME SALES SUMMARY
January 1 - December 31, 2024
$351,844,455
TOTAL WATERFRONT HOME SALES
181 HOMES SOLD
Volume Decrease From 2023 95.8%
SALE TO ASK PRICE
$2,046,806
Avg. Asking Price
SALE
Fewer Homes Closed Than 2023
INTERIOR HOME SALES OVERVIEW
January 1 - December 31, 2024
$131,332,372
TOTAL INTERIOR HOME SALES
156 HOMES SOLD -16.67%
Volume Decrease From 2023 96.9%
SALE TO ASK PRICE
$877,451
Avg. Asking Price
Fewer Homes Closed Than 2023
WATERFRONT HOMES
January 1 - December 31, 2024 THE CLIFFS AT LAKE KEOWEE
21
$3,544,310
$4,208,000
THE RESERVE AT LAKE KEOWEE
15
$4,348,628
$4,057,076
Average Asking Price
KEOWEE KEY
$74,430,500 $65,229,425 $32,264,900 $179,919,630
$1,240,958
2 PENDING SALES
$6,924,500 Average Pending Price
8 ACTIVE HOMES
$4,634,132 Average Asking Price
OTHER WATERFRONT HOMES
119
$1,511,930 Average
10 PENDING SALES
$1,597,362 Average Pending Price 23
$$1,315,504 Average Asking Price
$34,339,000 $27,494,000
$1,716,950
$1,849,000
$1,963,857
$2,300,000
WATERFRONT LOT SALES OVERVIEW
January 1 - December 31, 2024
$58,479,100
TOTAL WATERFRONT LOT SALES
95 LOTS SOLD
-41.05%
Volume Decrease From 2023
94.9% SALE TO ASK PRICE
$648,577
Avg. Asking Price
$615,569
AVG. SALE PRICE -11.53% Price Decrease From 2023 198 AVG DAYS ON MARKET
Fewer Lots Closed Than 2023
INTERIOR LOT SALES OVERVIEW
January 1 - December 31, 2024
$17,796,768
TOTAL INTERIOR LOT SALES
144 LOTS SOLD -7.64%
Volume Decrease From 2023
89.7% SALE TO ASK PRICE
$139,479
Avg. Asking Price
$ 123,589
AVG. SALE PRICE +20.23% Price Increase Over 2023
188 AVG DAYS ON MARKET
Fewer Lots Closed Than 2023
WATERFRONT LOTS
January 1 - December 31, 2024 THE CLIFFS AT LAKE KEOWEE
$34,168,500 $5,225,000
35 LOT SALES
$976,243
2 PENDING SALES
$1,010,000 Average Pending Price
5 LOT SALES
$1,162,066 Average Asking Price THE RESERVE AT LAKE KEOWEE
1 PENDING SALES
$475,000 Average Pending Price
7 ACTIVE LOTS
$859,857 Average Asking Price KEOWEE KEY
WATERFRONT LOTS
$527,000 $18,558,600
3 LOT SALES
10 PENDING SALES
$937,070 Average Pending Price 32
$746,583 Average Asking Price
INTERIOR LOTS
January 1 - December 31, 2024 THE CLIFFS AT LAKE KEOWEE
42 LOT SALES
LAKE KEOWEE
$6,410,000 $1,689,835 $499,075 $9,197,858
LOTS
