By: Alabama Center for Real Estate (ACRE)
Lake Martin Waterfront sales during 2015 were 26 percent higher than 2014’s sales numbers, according to the latest data from the Lake Martin Association of Realtors.
For ACRE’s full Lake Martin Waterfront report, click here.
There were 600 total units of waterfront property sold at Lake Martin during 2015, compared to 477 units in 2014.
During 2015’s final month, there were 43 units sold along Lake Martin’s waterfront area, compared to 37 the year prior and 32 units during November 2015.
Prices also rose for the area during 2015, with the median sales finishing at $247,688, compared to $219,456 the previous year.
December’s median sales price of $250,000 set a new peak for the month and was nearly 100 percent higher than the all-time low of $127,000 set in 2007.
For ACRE’s full PDF report of Lake Martin Waterfront homes, click here.
