Waterfront Homes For Sale on Lake Chatuge
Lake Chatuge, with over 130 miles of shoreline and nestled between Hiawassee, GA and Hayesville, NC, is one of our favorite lakes in the area. And, if you’ve been looking at waterfront homes for sale on Lake Chatuge, you know there aren’t a lot of them for sale and they aren’t giving them away!
There are currently 50 waterfront homes for sale on Lake Chatuge. That includes 46 single family residences and 4 condominiums. The list prices range from a low of $149,000 for a one bedroom/1 bath cottage to a high of $2,700,000 for a 7 bedroom/5 bath home. Strangely enough, those two properties are on the same street about 1/4 mile from each other! The median price for those 50 properties is $485,000. The DOM (days on market) range for these homes is from a low of 10 days to a high of 1834 with a median 228 days on the market.
A good indicator of the market of course is SOLD properties. In 2012 there were 24 waterfront homes on Lake Chatuge sold. They ranged in price from $92,500 for a Condominium to $700,000 with a median price of $330,000. In 2013 there were 38 waterfront homes on Lake Chatuge sold. They ranged in price from $148,000 to $950,000 with a median price of $406,500. That’s an increase in median price of slightly over 23%. With many market areas reporting a continued decrease in the median sales price year-over-year, this is definitely good news for sellers!
All indicators are that it’s going to be another great year here in the mountains! If you’ve been thinking about buying a waterfront home on Lake Chatuge don’t delay! If you would like to receive a current list of waterfront homes for sale on Lake Chatuge that’s updated each time a new property comes on the market CLICK HERE to register. Include your email address and type Waterfront Lake Chatuge in the message box.
Bill and Cyndi