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Geds, Other/Just Looking in Lakemont, GA

How much have property values been affected by the real estate downturn of the last 2 years?

Asked by Geds, Lakemont, GA Sun Jun 13, 2010

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We are starting to get lake foreclosures now. Properties are coming down quite a bit on foreclosures. We have a few homes as low as $600,000. It used to be you couldn't get anything less then $1,000,000. I even saw a lake access home for $199,000 which used to be unheard of.
0 votes Thank Flag Link Sun Jun 13, 2010
Anywhere from 0% to in some cases over 75-80% drops have been seen since mid 2008.
Web Reference: http://intowninsider.com
0 votes Thank Flag Link Sun Jun 13, 2010
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