...Never Seen This Before!!!!!!!!

Forty-Four Lakefront Homes Reduced in Price in just 30 Day Period!*

Even though Oconee is an American Indian word for Land of the Great Waters, maybe the Okefenokee's label..Land of the Trembling Earth would have been more appropriate over the last few months. An MLS search recently for property price changes revealed that 47 lakefront homes have been repriced over the last 30 days. Three homes actually went up in price (go figure), and 44 went down! There must be some trembling going on! In my opinion, this could be a signal for us all. So many investors have waited and waited for "the bottom", yet we saw very little price shifting over the last year. If you couple this month's dynamic downward pricing with relative price stability over the last year or two.......we could be right where we need to be for serious buyers.

We've been saying that we are in a buyers' market, for the first time ever on Oconee....I guess we're going to find out over the remainder of this year. Fall has always been a fairly good market for us, lets hope that its spectacular in '08!

Oh, and by the way.....Lake Sinclair seems to be enjoying its market pace. Even tho its not easy to compare the two markets, principally because of price....Oconee's Southern neighbor keeps right on rolling along.

ps - another real positive....we've actually had a good bit of July rain; our lakes are full!