Lake Martin “Waterfront” Real Estate: August sales up 23% from last year

On October 3, 2016   /   Lake Martin Real Estate  
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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.

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Lake Martin July waterfront home sales outpace five-year average for the month

On August 22, 2016   /   Lake Martin Real Estate  
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lake martin july 2016

By: Brian Davis

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

Sales: Lake Martin waterfront sales totaled 35 units during July, a decrease of 16.7 percent or seven units from the same period in 2015. Year-to-date sales on Lake Martin’s waterfront are 11.5 percent below the same period a year ago. It is important to note that even slight single-digit changes in the home sales total can cause double-digit percentage changes.

Click here to check out all of the Alabama Center for Real Estate’s data on Lake Martin’s waterfront sales.

Supply: The Lake Martin waterfront housing inventory in July was 313 units, a decrease of 12.8 percent from July 2015 and 47 percent below the July peak in 2009 of 597 units (this is good news). July inventory also decreased by 1.3 percent from June. This direction is consistent with historical data indicating that July inventory on average (2011-15) decreases from June by 3.1 percent. There were 8.9 months of housing supply in July (6 months is considered equilibrium in July).

Demand: Waterfront residential sales decreased 18.6 percent during July, from 43 units sold in June. Historical seasonal patterns indicate July sales on average (2011-15) decrease by 8.5 percent from June.

Pricing: The Lake Martin waterfront median sales price during July was $385,000, a decrease of 0.6 percent from July 2015 and an increase of 16.7 percent from the prior month. Historical data indicate that the July median sales price (2011-15) typically decreases 6.7 percent from June. 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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185 Sunset Point Unit 621 Lake Martin AL

On August 15, 2016   /   Lake Martin Real Estate  
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185 sunset point lake martin al

185 Sunset Point Unit 621 Lake Martin AL
2 Bedroom 2 Bath

VIEW DETAILS HERE

Great Buy!! Walk straight in from the parking lot to this furnished two bedroom two bath unit with boat slip. Large open floorplan with gas fireplace in greatroom. Private balconies off master and greatroom. Private pool for condo owners and their guest. In the gated community of Stillwaters. Near Harbor Pointe Marina, tennis courts, club house and Copper’s Grill. Plenty of rental potential.

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Lake Martin June waterfront home sales rise from May

On August 1, 2016   /   Lake Martin Real Estate  
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lake martin waterfront 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 43 units during June, a decrease of 12 percent or six units from the same period in 2015. Year-to-date sales on Lake Martin’s waterfront are 10.2 percent below the same period a year ago.

Click here to check out all of the Alabama Center for Real Estate’s data on Lake Martin’s waterfront sales.

lake martin waterfront sales

Supply: The Lake Martin waterfront housing inventory in June was 317 units, a decrease of 11.7 percent from June 2015 and 47 percent below the June peak in 2009 of 602 units (this is good news). June inventory also decreased by 9.7 percent from May. This direction is consistent with historical data indicating that June inventory on average (2011-15) decreases from May by 1 percent. There were 7.4 months of housing supply in June (6 months is considered equilibrium in June).

Demand: Waterfront residential sales increased 34 percent during June, from 32 units sold in May. Historical seasonal patterns indicate June sales on average (2011-15) increase by 32 percent from May. Pricing: The Lake Martin waterfront median sales price during June was $330,000, a decrease of 12 percent from June 2015 and a decrease of 13 percent from the prior month. Historical data indicate that the June median sales price (2011-15) typically decreases 4.2 percent from May.

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.

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