Lake Sidney Lanier is the most visited U S Corp of Engineers project in the United States, hence a place with higher real estate demand. In 2000, the state of Georgia had a total of 3,281,737 housing units according to the U.S. Census Bureau, from which 47,381 households, and 36,009 families residing in Hall County, home to Lake Lanier.Hall County has well planned housing developments and an array of lifestyles choices, meeting the difference interest of people worldwide. Lake Lanier is a highly competitive real estate market, and in great demand among people seeking waterfront living and population growth in Hall County is evident.
Population in 2000, was 139,277, but the Census Bureau estimated 165,771 inhabitants as of 2005. Although the county seat is Gainesville, Lake Sidney Lanier easily double its number of visitors. Hall county's average cost of a three-bedroom, house is about $138,000, but those close to recreational facilities rose $150,000, and up to $500,000 for custom built units.
Lake Lanier's privileged location increases its potential as a second home or vacation rental housing market. The lake is a perfect getaway for people looking for diverse outdoor recreation opportunities, as well as the luxury of a stylish life. At the foothills of the Blue Ridge Mountains, bordering the city limits of Gainesville, Georgia and near to Atlanta, Lake Sidney Lanier is a world-class real estate find.
Gainesville is also an economic center of Northeast Georgia, attracting many businessmen to Lake Lanier for boating, skiing, horseback riding, hiking, biking and diverse outdoor activities. Gainesville's historic district is another attraction leading visitors to the area, and potential home-buyers to the lakeside residential communities on Lake Lanier, living at its best with tennis, golf, and swimming facilities.
Lake Lanier houses the famous Olympic Center, host of the 1996 Atlanta Olympic Games, actually offering rowing, sprint canoe, and kayak competitions and events, as well as relocation opportunities in the surroundings. Lake Lanier is known as the Crown Jewel of the US Army Corps of Engineers lakes with over 8 million visitors for daytrips, weekend getaways, daytrips or vacations.
Vacation rentals, primary residences and second homes on Lake Sidney Lanier have a high resale value. Lake Sidney Lanier encompasses a number of recreational, educational and social activities that make fascinating ideas to stay. According to recent research, most potential home buyers look for waterfront properties and preferably with a dock or platform in place.
A waterfront home on Lake Lanier with a dock, 4 bedrooms, and 3 full baths has an average sales price of $633,482. Besides, Atlanta's international culture and world-class restaurants and night clubs, add value to Lake Lanier real estate. However, the residential home market in the northeast area of Atlanta has been neutral during 2006.
Realtor David Antonich considers that there are a good number of opportunities since the property prices have softened from 12 months ago, enabling buyers more flexible sales terms. Antonich opine that "Sellers usually receive approximately 97-98% of their asking price to full asking price depending on the condition of the home and the costs asked for from the buyer"
According with many observers, Atlanta, the county seat of Fulton County, is expected to be the fastest growing metropolitan area in the United States in the next 25 years, a beneficial condition to the housing market in Fulton County, Hall County and DeKalb County, where a portion of Atlanta resides after the 1909 annexation.
Related to the home resale price on the market, all properties depend on the area where they are, the condition of the home, home furnishings, and the asking price. Lake Sidney Lanier is a premier location, with picturesque bed & breakfast accommodations, luxury resorts within a recreational settings of unique splendors and numerous outdoors activities.
Resting at the foothills of the Blue Ridge Mountains and the southern edge of the Chattahoochee Natural Forest, Lake Sidney Lanier is considered a state-of-the-art place to live, with properties ranging from simple cabins to elegant cottages and residences, world-class golf courses, fully featured marinas and many other facilities adding to the real estate value.
Gainesville, the county seat of Hall County, borders on the west with Lake Sidney Lanier, two of the best real estate investment markets in Georgia. As the 2004, the median household income in the county was $48,250, the per capita income $20,595, the average Household $60,762, and the median effective buying income $48,959.
Hall County has an average annual temperature of 61 degrees Fahrenheit, average mean temperature of 46 degrees Fahrenheit from November to February, and 76 degrees Fahrenheit from May to September. The average annual rainfall is 52 inches, and the average annual snowfall is 3.1 inches.
During 2001, the regional industry was composed of 38.6% services, 14.03% manufacturing, 3.08% government, 13.84% retail trade, 7.64% construction, 8.7% wholesale trade, 5.71% finance, insurance and real estate, 2.85% transportation and warehousing, 0.44% agriculture, forestry and fishing, 0.31% utilities, and 0.08% mining.