From Pete Edwards, HPYC Founder, Resident, Member of HPYC Advisory Board & Neighborhood Realtor & John Fischer, Resident, President of Lanier Northwest Home Owners Assoc. & Neighborhood Realtor
From Buyers Market to Sellers Market by Spring 2004
'Army Corps To Limit Boat Docks On Lake Lanier' & 'Hall County Commissioners Up Min Lot Size to .8 Acres'
The upcoming revisions to the Army Corps of Engineer's Lake Lanier Shoreline Management Plan are already having a huge impact on Lake Lanier Property Prices. Currently going through the final approval processes, the new plan should be approved and announced formally by midsummer. The key point of the plan is that the maximum number of new dock slip permits will be capped at 2022. In actuality the number is already hundreds less, since many are pre allocated to existing approved subdivisions as they build out. Clearly this will, for the first time since Lake Lanier was built, remove any and all doubt that lakefront lots with a dock permit are growing very scarce. There will be less permitted lots from developers and private owners coming to market, and more of those remaining permits will be in the form of community docks. The limits in the plan will simply bring to bear the rules of supply and demand, less supply to meet higher demand in this case.... forcing the market switch towards a Seller's Market. Hall County owners, such as owners at Harbour Point, get a double boost, since there will be even less new lots coming to market with slip permits, due to the new minimum .8 acre building lot size approved by the Hall County Commissioners this past week. Subdivisions already platted and approved will not be affected. The good news for Lake Property Owners is that our property will likely increase in value as the .8 Acre limit is enforced and the new Corps Shoreline plan is implemented. The full plan can be viewed at the Army Corps Of Engineers website and can be reached from our site at www. Lanier Luxury Homes .com . We will be posting updates at our site in The 'Lake News' Article as the Corps releases additional information. If you're thinking of buying real estate for investment purposes, always discuss your plans with your investment advisor, as well as your Realtor. Please contact us any time if you would like more information on the Plan, the new lot sizes and their impact on your property values.