Lake Keowee Waterfront Market Analysis - Zip 29685 - North Lake Keowee

📊 Lake Keowee Waterfront Market Analysis – ZIP 29685

Market Overview (Last 6 Months):

• Homes for Sale: 20
  
  
• Homes Sold: 10
  
  
• Average Sold Price: $3,686,600
  
  
• Average Sold Square Footage: 4,818 sq. ft.
  
  
• Average List-to-Sold Ratio: 92.48%
  
  
• Average Days on Market: 154
  
  
• Months of Inventory: 12 months (20 active ÷ 10 sold ÷ 6 months × 6 months = 12)
  
  

💡 Market Interpretation

1. Supply vs. Demand:
   With 12 months of inventory, the 29685 waterfront market is currently in strong buyer’s market territory. A balanced market typically sits around 5–6 months of supply. The slower absorption rate indicates more options for buyers and increased competition among sellers.
2. Pricing Trends:
   The average sale price of $3.69M reflects the luxury nature of this segment—dominated by properties in The Cliffs at Keowee Vineyards and The Cliffs at Keowee Falls. However, the 92.48% list-to-sold ratio suggests that sellers are negotiating down from asking prices, signaling potential overpricing or buyer pushback on premium listings.
3. Market Velocity:
   Homes taking an average of 154 days to sell (roughly 5 months) indicates longer marketing times. High-end waterfront buyers tend to be deliberate, but the extended DOM shows that pricing alignment and presentation are increasingly important in securing offers.

🏡 Insights for Sellers

• Strategic pricing is crucial—today’s buyers are value-driven even in the luxury tier.
  
  
• Home presentation, staging, and video marketing make a measurable impact in standing out among 20 active listings.
  
  
• Expect longer negotiation cycles; flexibility on price or closing terms may be necessary to secure a deal.
  
  

🔍 Insights for Buyers

• Buyers now hold the advantage with ample inventory and longer days on market.
  
  
• This is an ideal time to negotiate—especially on homes that have been listed for over 120 days.
  
  
• High-end homes with modern renovations or private docks are still commanding premiums, so act decisively when the right property appears.
  
  

📈 Outlook

If inventory remains elevated into 2026, expect modest price softening or seller incentives. However, Lake Keowee’s limited buildable waterfront lots and sustained luxury demand provide long-term value stability, particularly in gated communities.

📞 Thinking of Buying or Selling on Lake Keowee?

Work with a local expert who knows every cove and community.
Eric Stegall – Lake Keowee Real Estate Pro, eXp Luxury Realtor
📱 864-903-5719
🌐 www.lakekeoweerealestatepro.com