December Sales On Lake Martin’s Waterfront Increase 44 Percent From 2016
By ACRE Research
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Sales: Lake Martin waterfront sales totaled 23 units during December, a 43.8 percent increase from the same period in 2016, when 16 units were sold. Total 2017 sales on the waterfront were up 15.9 percent from 2016. The 10-year peak for December sales in this area was in 2013, when 26 units were sold, while the trough hit in 2011, with four units sold.
For all of Lake Martin’s waterfront housing data, click here.Forecast: December results were eight units or 53.3 percent above the Alabama Center for Real Estate’s monthly forecast. ACRE’s 2017 sales forecast through December projected 269 closed transactions, while the actual sales were 349 units.
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