3 foot rise since December we are now at 15.0 below full pool so we are going in the right direction! Hopefully we will not see the days of the record low last year when we were 20.0 feet below full pool.
Sales are still slow, refinances are strong, but not so much for jumbo loans. It will take some time before we rebound here on Lake Lanier, so hang tight if you can because if we can get to the 1064 water level and the dock permits are all issued, values will start their way back up.
Looks like the end of this year before things really stablize. If we get more rain and the water looks great this summer, buyers will come out and start looking again.
Will be putting together the 2008 year in review on lake lanier in the next few weeks, so stay tuned.
In the meantime if you need a current value of your Lake Lanier home, contact us today.
www.marytappraisals.com
Friday, January 23, 2009
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