June Home Sales on Lake Martin

WATERFRONT HOME SALES LAKE MARTIN

By ACRE Research

Sales: According to the Lake Martin Association of Realtors, waterfront area residential sales totaled 35 units during June, down 22.2 percent from 45 sales in the same month a year earlier. However, June sales were up 9.4 percent compared to 32 sales in May. Results were 14.6 percent below the five-year June average of 41 sales.

For all waterfront area home sales data, click here.

Inventory: Homes listed for sale in the waterfront area during June totaled 277 units, an increase of 1.1 percent from June 2017’s 274 units, and an increase of 1.8 percent from May 2018’s 272 units. June months of supply totaled 7.9 months, a decrease of 6.9 percent from May 2018’s 8.5 months of supply. However, June’s months of supply increased 30 percent from June 2017’s 6.1 months of supply.

Pricing: The Lake Martin waterfront median sales price in June was $455,000, a decrease of 17.3 percent from one year ago and a decrease of 14.2 percent from the prior month. This direction is inconsistent with historical data (2013-17) indicating that the June median sales price on average increases from May by .7 percent. The differing sample size (number of residential sales of comparative months) can contribute to statistical volatility, including pricing. ACRE recommends consulting with a local real estate professional to discuss pricing, as it will vary from neighborhood to neighborhood. The average number of days spent on the market (DOM) by waterfront homes that sold during June was 139 days, a decrease of 9.7 percent from 154 days in June 2017, but an increase of 21.9 percent from 114 days in May.

Forecast: June sales were seven units, or 16.7 percent, below the Alabama Center for Real Estate’s (ACRE) monthly forecast. ACRE projected 42 sales for the month, while actual sales were 35 units. ACRE forecasts a total of 168 residential sales in the waterfront area year-to-date, while there were 148 actual sales through June.

ACRE’s statewide perspective: Alabama and the United States are getting ready for the summer months of real estate. Coming into summer, the spring home-buying season had been significantly affected by very low inventory levels. May residential listings decreased more than 7 percent in the state and decreased 6.1 percent nationwide from one year ago. Residential sales in Alabama, however, increased 8 percent from one year ago, which is impressive considering the 7.3 percent drop in inventory. Home price appreciation heated up with the temperatures as the statewide median sales price increased 10.7 percent from one year ago, while also increasing 7 percent during the first quarter of the year. Home sales prices are expected to continue their upward climb throughout the summer as inventory levels are likely to repeat the declines that were seen during the spring.

NAR’s national perspective: Lawrence Yun, National Association of Realtors chief economist, says a solid economy and job market should be generating a much stronger sales pace than what has been seen so far this year. “Closings were down in a majority of the country last month and declined on an annual basis in each major region,” he said. “Incredibly low supply continues to be the primary impediment to more sales, but there’s no question the combination of higher prices and mortgage rates are pinching the budgets of prospective buyers, and ultimately keeping some from reaching the market.”

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SOLD! 395 SUNSET POINT UNIT 202 LAKE MARTIN

sunset point condo lake martin

395 SUNSET POINT UNIT 202
LAKE MARTIN

SOLD! BUYERS AGENT

Absolutely pristine condo located inside the gates of Stillwaters.

This 2nd floor beauty has views for days. What could be better than watching the sunset from the balcony while drinking wine and grilling? Unit comes partially furnished. Waking up in the master bedroom with views of the water is every weekenders dream! Unit includes boat slip AND PWC slip.

Great location with marinas and restaurants close by. Best of all with 3 bedrooms and 3 baths, everyone has plenty of privacy.

Perfect for out of town guests or kids with all their friends. Because we all know what happens when you have a lake property, you become the weekend destination for everyone you know!

Residents of Stillwaters enjoy tennis courts, a golf course, chapel, full-service marina, and a clubhouse!

ANOTHER LAKE MARTIN CONDO SOLD BY

DON FULLER
FULLER REALTY LAKE MARTIN

CALL OR TEXT 256.675.0067
EMAIL DON

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SOLD! WHISPER WOOD DRIVE LAKE MARTIN

whisperwood lake martin

HOME IN STILLWATERS
LAKE MARTIN

SOLD! WHISPER WOOD DRIVE

This 3 BR/2 BA home located inside Stillwaters is situated at the end of a quiet slough.

The 1.6-acre lot boasts over 179+/- ft of waterfront and a private dock and boat slip.

The home will be great for entertaining with large great room with fireplace. Enjoy a great view of the lake from the dining and den areas. Split floor plans have a master bedroom and on suite bath on one end and the other 2 bedrooms and bath are on the opposite end.

Oversized carport is being utilized as a covered outdoor entertaining area with a great view of the lake.

Residents of Stillwaters enjoy tennis courts, a golf course, chapel, full-service marina, and a clubhouse!

ANOTHER LAKE MARTIN WATERFRONT HOME SOLD BY

DON FULLER
FULLER REALTY LAKE MARTIN

CALL OR TEXT 256.675.0067
EMAIL DON

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SOLD! 100 HARBOR PLACE UNIT 301 LAKE MARTIN

100 HARBOR PLACE UNIT 301
LAKE MARTIN

SOLD! BUYERS AGENT

Enjoy lake living in this 2 bed, 2.5 bath condo located in the Villas on The Harbor.

This walk-out level home is available mostly furnished and features an open concept main level for easy entertaining.

The large patio is perfect for dining and grilling or relax and take in the view of the lake. A grassy play area leads to right to the pool surrounded by a sunny deck.

Prepare meals in the bright and open kitchen while taking in the lake views.

Gather around the wood-burning fireplace in the living room!

The second level features a master suite with a view of the lake and a double closet.

The guest room also features a double closet and an adjacent full bathroom.

Residents of Stillwaters enjoy tennis courts, a golf course, chapel, full-service marina, and a clubhouse!

ANOTHER LAKE MARTIN CONDO SOLD BY

DON FULLER
FULLER REALTY LAKE MARTIN

CALL OR TEXT 256.675.0067
EMAIL DON

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SOLD! 100 HARBOR PLACE UNIT 404 LAKE MARTIN

harbor place lake martin

100 HARBOR PLACE UNIT 404
LAKE MARTIN

SOLD!

Two bedroom two bath unit all on one level in the newly remodeled Villas on the Harbor.

Great view of the harbor with balcony across den and master bedroom all lake side.

Private patio roadside for more entertaining space

Only 24 miles to Jordan Hare Stadium.

ANOTHER LAKE MARTIN CONDO SOLD BY

DON FULLER
FULLER REALTY LAKE MARTIN

CALL OR TEXT 256.675.0067
EMAIL DON

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