Luxury Lake Oconee December 22, 2022
We all know the story of the Fed lowering the Federal Funds Rate 150 bps over a two week period in March 2020 in response to the pandemic. Then, of course in March of 2022 in response to increasing high inflation the Fed began to raise back up the Federal Funds rate.
Nevertheless, values have for the most part held, and we are still seeing activity with cash buyers in the higher end properties between $1- $4+M. Buyers understand that values in our area are traditionally more stable than other places. Also, Sellers watch the news and they are responding with slightly more agreeable terms and required patience. While we all know the national economy will ebb and flow, Lake Oconee and the wonderful lifestyle we enjoy is here to stay. Lake Oconee was flooded in 1979, Great Waters opened in 1992, the Ritz Carlton Lodge opened in 2012. Several years from now, we may look back at 2020 as another one of these moments that ‘put Lake Oconee on the map’.
Please call on us if you, your friends, or family are in the market to buy or sell property at Lake Oconee. We have several fantastic listings that are waiting for the next generation to make wonderful memories here in our special spot of the world. We are committed to continuing to provide Buyers and Sellers the highest level of service at every price point at Lake Oconee.
Thank you again for all that you have done and continue to do to help make Luxury Lake Oconee a success. We look forward to the opportunity to connect with each of you over the Holidays and in the New Year. Please call on us if we can assist you in any way.
With kindest personal regards, we remain…
Ted & Riezl Baker
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We provide maximum value and client satisfaction through knowledgeable, local Realtors delivering the highest level of professional service to customers engaged in residential and commercial real estate transactions at Lake Oconee.