Around Lake Keowee this week the clouds are letting loose with a deluge of the wet stuff putting a bit of a damper on the Lake Keowee real estate market. Not in a “buyer’s aren’t looking anymore” way, but more in a “we’re going to get wet while we’re looking, aren’t we” way. The only thing really slowing you buyers down currently is the very real lack of inventory. 

Currently we sit at the lowest inventory we’ve had in our 30 plus years of selling Lake Keowee real estate. It’s not that we aren’t getting the listings, it’s that we sell them within days, occasionally hours, of getting them. It’s a good problem to have and certainly a lot better than sitting on 100 listings, but it’s probably just as unhealthy over the long haul. Eventually, the market will have to begin to even out. The question is how even will it become? What will be the new normal (as if there was such a thing)? Will prices ever get down to numbers we experienced during the great recession? 

There are a lot of factors that go into the answers to those questions and only someone with a properly functioning crystal ball can give you the true lowdown. The reality is prices will level out then probably go down, but likely not nearly as low as they were during the great recession (I refer to those factors, and this blog won’t be long enough to delve into them deeply – and our crystal ball has the check engine light on). 

Lake Keowee Area News Corner

Seneca administrator announces $2.5M state grant

Seneca administrator announces $2.5M state grant

Seneca city administrator Scott Moulder points out plans to Mayor Dan Alexander for a park at part of the former Harper’s Five and Dime store property. Jerry Beard | The Journal

Clemson trustees set to meet today

Clemson trustees set to meet today

This rendering provided by Clemson University shows the early design plans for a $45 million alumni center built near the Madren Center and Walker Course. Special to The Journal