lake martin waterfront august 2016 sales graph

By: Alabama Center for Real Estate (ACRE)

Click here to view or print the entire August report compliments of the ACRE Corporate Cabinet.

Sales: Waterfront sales on Lake Martin totaled 37 units in August, which is the same number of units that were sold last year, which established a new peak for the month. Year-to-date sales through August are up 21.3 percent from 2014.

Supply: The Lake Martin waterfront inventory in August was 351 units, a slight increase of 0.3 percent from August 2014 and 38.7 percent below (this is good news) the month of August peak in 2008 (573 units). August inventory fell slightly (2.2 percent) from the prior month. This direction is consistent with historical data indicating that August inventory on average (’10-’14) decreases from the month of July by 5.8 percent. There were 9.5 months of housing supply in August, a favorable decrease of 63.6 percent from the August peak in 2008 (26 months of supply).

Demand: August waterfront sales slipped 11.9 percent from a very solid July. This direction contrast with historical data that indicates August sales, on average (’10-’14), increase by 14.4 percent from the month of July.

Pricing: The Lake Martin waterfront median sales price in August was $380,000, a decrease of 9.5 percent from August 2014 and 1.9 percent below the prior month. This direction contrast with historical data indicating that the August median sales price on average (’10-’14) increases 10.8 percent from the month of July. Pricing can & will fluctuate from month-to-month due to the changing sample size of data (closed transactions) being subject to seasonal buying patterns. A broader lens as to pricing trends is appropriate and we highly recommend contacting a local real estate professional for additional market pricing information.