Confidence returning in the art world could trickle down to vacation property buyers

Ann Hopkins REALTOR

The New York Times published today that “Art Prices (and Mood) Inch Back Up”.

“The numbers may not be the same as they were two years ago but confidence is back”.

I think that this is and excellent sign for the luxury real estate market, especially the second home luxury market.

We can only hope that this confidence will trickle down from the Sotheby’s Aution house to our buyers of vacation properties such as those at Lake Burton, where there are some 90+ homes on the market.

Click here to read the complete article from the NY Times.

 

Daniel Acker/Bloomberg

Warhol’s “200 One Dollar Bills” sold for $43.7 million at Sotheby’s last week, more than three times its high estimate.

Sotheby’s

Giacometti’s “Falling Man” sold for $19.3 million at Sotheby’s early this month.

Ann Dabney HopkinsREALTOR Atlanta Fine Homes Sotheby’s International Realty c 678-457-0717 d 404-924-6798 f 404-974-4347 3290 Northside Parkway NW, Suite 675 Atlanta, Georgia 30327 ann@atlantafinehomes.com

Lake Burton

Ann Hopkins REALTOR

‘2008 was the peak summer,’ quoted a leading Lake Burton agent. In summer of 2008, according to GAMLS, there were 11 homes sold on Lake Burton, with sales prices ranging from the $820,000’s to a high of $2.6 million. This does not include any private transactions that may have occurred.

And then activity stopped only to slowly begin picking up recently.

In 2009, there have been 5 sales on Lake Burton – 2 shown in GAMLS and 3 privately. In addition there are two sales pending.

The good news is that values are strong with a drop of potentially only a few percentage points.

There are a number of homes currently for sale – approximately 84, as of July 30, 2009. Listing prices range from just under $800,000 to a high of just under $9 million.

Lake Burton

Tell your friends that now is the time to buy a place at the lake. I’ll pick you up by boat and we’ll find you the lake house of your dreams.

 

 

 

Ann Hopkins
REALTOR®
Atlanta Fine Homes Sotheby’s International Realty
c 678-457-0717 d 404-924-6798
t 404-237-5000 f 404-974-4347
Ann@atlantafinehomes.com

Lake Burton must be great….it has Facebook pages!

Ann Hopkins REALTOR

Of course great places are talked about, photographed, painted, and written about. Now in the digital age, they are Googled, appear in blogs, have there own web pages, have their pages on Facebook.

Lake Burton is no exception – Check out its Facebook groups:

Lake Burton – for all who love ‘going to the lake’  http://www.facebook.com/home.php?#/group.php?gid=4109756269

or for those who have been going to the lake their whole lives and appreciate its greatness,

 Lake Burton Delinquent Society and Friends

http://www.facebook.com/home.php?#/group.php?gid=52075193617.

 Let’s go to the lake!

A Lake House!

Ann Hopkins REALTOR

 ”Ann, get in the car. We bought a lot at Lake Burton and we’re going to build a lake house and spend every weekend there.”

“Every weekend?”, I replied.

These are not words that any twelve year old wants to hear. What could possibly be so special that would cause anyone, even MY parents, to want to spend so much time at one place?

What could there be to do there, out in the woods of northeast Georgia?  I got in the car. We arrived at our lot on the main body of the lake.

My 38 year love affair with Lake Burton had begun!

It is an honor to represent Atlanta Fine Homes Sotheby’s at one of the greatest spots on earth…Lake Burton in Rabun County, Georgia.

Lake Burton History

~  First in a chain of six Georgia Power lakes, Lake Burtons sits at 1866 feet above sea level. The Lake Burton dam was completed in December 1919.

~   The lake was completely filled by August 1922, and began commercial operation in 1927. The dam is 116 feet high and 1,110 feet long. The reservoir covers 2,775 acres and is capable of holding billion cubic feet of water.

~   There are  63 miles of shoreline, with the the distance from one end of the lake to the other being 6.63 air miles and 9.41 river miles.

~   Approximately 1,200 private and leased lot home sites on the lake shoreline.
(Source: Lake Burton Civic Association Directory)