Lake Martin waterfront home sales in March up 7 percent over last year

On May 15, 2017   /   Lake Martin Real Estate  
Tags: ,
lake martin waterfront sales

By: Bryan Davis

Sales: Lake Martin waterfront sales totaled 29 units during February, up 7 percent from the same period in 2016. Sales for March 2016 on Lake Martin’s waterfront totaled 27 units. It is important to note that even single-digit changes in the home sales total can cause double-digit percentage changes.

Supply: The Lake Martin waterfront housing inventory in March was 259 units, a decrease of 21 percent from March 2016 and 51 percent below the March peak in 2009 of 523 units. March inventory increased by 4 percent from February. This direction is consistent with historical data indicating that March inventory on average (2011-15) increases from February by 7 percent. There were 8.9 months of housing supply in March (6 months is considered equilibrium).

Demand: Waterfront residential sales increased 45 percent during March, from 20 units sold in February. Historical seasonal patterns indicate March sales on average (2012-16) increase from February.

Pricing: The Lake Martin waterfront median sales price during March was $350,000, a decrease of 19 percent from March 2016 and unchanged from the prior month. Pricing will fluctuate from month to month due to changing composition of actual sales (lakefront vs. non-lakefront) and the sample size of data (closed transactions) being subject to seasonal buying patterns. ACRE recommends contacting a local real estate professional for additional market pricing information.

The Lake Martin Waterfront Residential Monthly Report is developed in conjunction with the Lake Martin Area Association of Realtors to better serve area consumers.

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Perfect Home for Entertaining on 3 Acres

On May 1, 2017   /   Real Estate  
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lee county road auburn al

LEE ROAD 0057
3 BEDROOM 3 BATH

SEE DETAILS HERE

A MUST SEE!  This is the Perfect Home for Entertaining.  This home, situated on a beautiful 3 acre lot,  has been upgraded with top of the line appliances and finishes.  Gas stove features 6 burners and double ovens; 2 drawer type dishwashers, tankless gas water heater; gas fireplace in vaulted great room, featuring beautiful exposed beams. Front porch is covered and ready for ”front porch sitting” but there are lots more options too.  Master bedroom has beautiful on suite bath and huge walk-in closets. Bonus room upstairs, a great entertaining space with attached bath, is open to living area and has a balcony overlooking the property. All New A/C in 2015-2016. There are too many features to list.  MUST SEE! Nothing says War Eagle like this detached ”party barn”

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Lake Martin waterfront February home sales up over prior month, year

On April 17, 2017   /   Lake Martin Real Estate  
Tags:
lake martin waterfront home sales

By: Bryan Davis

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

Sales: Lake Martin waterfront sales totaled 20 units during February, up 66 percent from the same period in 2016. Sales for February 2016 on Lake Martin’s waterfront totaled 12 units. It is important to note that even single-digit changes in the home sales total can cause double-digit percentage changes.

Supply: The Lake Martin waterfront housing inventory in February was 248 units, a decrease of 17 percent from February 2016 and 51 percent below the February peak in 2009 of 504 units. February inventory increased by 18 percent from January. This direction is consistent with historical data indicating that February inventory on average (2011-15) increases from January by 13 percent. There were 12.4 months of housing supply in February (6 months is considered equilibrium).

Demand: Waterfront residential sales increased 11 percent during February, from 18 units sold in January. Historical seasonal patterns indicate February sales on average (2012-16) increase by 10 percent from January.

Pricing: The Lake Martin waterfront median sales price during February was $350,000, an increase of 7.2 percent from February 2016 and a decrease of 5 percent from the prior month. Pricing will fluctuate from month to month due to changing composition of actual sales (lakefront vs. non-lakefront) and the sample size of data (closed transactions) being subject to seasonal buying patterns. ACRE recommends contacting a local real estate professional for additional market pricing information.

The Lake Martin Waterfront Residential Monthly Report is developed in conjunction with the Lake Martin Area Association of Realtors to better serve area consumers.

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