New owners get to enjoy living near Harbor Pointe Marina. Vaulted ceiling in den. Open kitchen, breakfast, den and dining areas. Split floor plan with master suite on one side and two bedrooms and a bath opposite side. Bonus bedroom/den with bath on second level. Covered patio with fireplace, sink, ceiling fan etc. Great home for entertaining guest inside and out no mater the weather.
The new owners get to enjoy the GOOD LIFE at Harbor Pointe. Two bedroom two bath unit with great view. Master bath remodeled. New HVAC 2017. Unit comes with all appliances and most furnishings. Beautifully decorated for lake living at it’s best. Private pool, cabana and beach area for owners and guest. Non-rental complex inside the gated community of Stillwaters. Near Harbor Pointe Marina. Short walk to ship store, tennis courts, golf course and Copper’s grill with great food and live music most weekends.
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 37 units during September, unchanged from the same period in 2015. Year-to-date sales on Lake Martin’s waterfront are 11 percent below the same period a year ago. 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 September was 257 units, a decrease of 17 percent from September 2015 and 51 percent below the September peak in 2009 of 526 units (this is good news). September inventory also decreased by 3 percent from August. This direction is consistent with historical data indicating that September inventory on average (2011-15) decreases from August by 7.2 percent. There were 6.9 months of housing supply in September (6 months is considered equilibrium).
Demand: Waterfront residential sales increased 23 percent during September, from 30 units sold in August. Historical seasonal patterns indicate September sales on average (2011-15) decrease by 16.6 percent from August.
Pricing: The Lake Martin waterfront median sales price during September was $440,000, an increase of 13 percent from September 2015 and an increase of 20.5 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.
AWESOME VIEW! VERY PRIVATE, Great Lot deep water, 461’waterfront. House with four bedroom/three bath, kitchen, dining and den area opening onto covered porches that go around two sides of this One-of-a-kind lake home. Large covered gazebo down by the waters edge next to deep water docks. Oversized garage with plenty of room for lake toys. Call today for your appointment!!
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.
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