Lake Keowee Market Update - March 2024 - Moving to Lake Keowee

Dated: March 4 2024

Views: 135

This report covers Lake Keowee single family homes to include waterfront and off water properties. The report covers activity for February 2024.

The median sales price for February was $1,910,000, that is down 18.7% from last year. There were 18 single family homes listed for the month. That number is up 5.9%. There were 4 homes go into Pending status for the month. That numbe is 55.6% from February 2023. There were 6 homes sold for the month. That is down 33.3%. The average percent of list price is 96%. That number is flat from a year ago. The average number of showing it takes to get under contract for February was 14, that number is up 16.9%. 

Bottom Line: No one knows what will happen with the market going forward in 2024. The election year and the most recent report regarding inflation and interest rates etc. are a burden on the market. As you can see all of the metrics in the report are down accept for inventory and the number of showings it takes a home to hit pending status. That being said, we still are facing very low inventory and that continues to be the biggest opticle for more sales on the lake. 

My website numbers were way down in January, but bounced back with around 100 customers reaching out to inquire about the Lake Keowee area. 

If you have any questions about this report give me a call. If you're a current home owner in the Seneca/Greater Lake Keowee area and would like to talk about selling your home, give me a call, shoot me a text, or drop me an email. 

Best, 

Eric Stegall - Broker - Mountain Lakes, brokered by eXp Realty - Luxury Division

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Eric S. Stegall

I have over two decades of proven experience helping families buy and sell property on Lake Keowee. I have accomplished this by being a trusted advisor to my clients and always putting their best inte....

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