A current Lake Keowee market read is a function of three numbers: median sale price by community, days on market, and absorption rate (months of inventory at current pace). All three behave differently across the lake's communities.
Below is the framework David uses for the quarterly market read. For the current quarter's specific numbers — community by community — contact David directly.
Three numbers that matter — and how to interpret them in this segment.
Aggregate Lake Keowee median price is misleading because the lake spans price tiers from $400K interior homes to $10M+ lakefront estates. The right read is community-by-community: Cliffs Falls/Springs/Vineyards, Old Edwards Reserve, Keowee Key, and the smaller gated communities each have distinct medians and trajectories.
Lake Keowee luxury days-on-market spans from 30–60 days for correctly-priced inventory to 9–18 months for aspirational pricing. The community median DOM is one of the better measures of pricing discipline by community.
Months of inventory at current pace measures how long it would take to clear current actives at the current sales rate. A balanced market is roughly 5–7 months. Below that is a seller's market; above is a buyer's market. Lake Keowee absorption varies meaningfully by community and price tier.
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