Alabama 811 | Know What's Below.

Sales Prices For Lake Martin Waterfront Homes Up 13 Percent From A Year Ago

| March 5, 2018 @ 5:00 am

By ACRE Research

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

Sales: There were 13 waterfront properties sold on Lake Martin during January, a 27.8 percent decrease from one year ago, when 18 lake homes were sold. Current sales totals are 14 percent above the five-year average of 11 January sales. The 10-year peak for January waterfront sales was in 2017, when 18 lake homes were sold, while the January trough hit in 2008, with one unit sold.

Forecast: January’s 13 waterfront sales were one unit or 7 percent below the Alabama Center for Real Estate’s monthly forecast. ACRE forecasts a total of 346 waterfront sales on Lake Martin in 2018, a slight decrease from the 349 lake homes that were sold during all of 2017. Supply: The Lake Martin waterfront housing inventory in January was 175 listings, a decrease of 16.7 percent from January 2017. Current waterfront inventory is 63.8 percent below the 10-year January peak reached in 2009 of 484 listings. January inventory increased 16.7 percent from December. This increase in waterfront listings goes against historical data from 2013-17, which indicate that January inventory on average decreases from December by 17.6 percent.

Please visit Alabama News Center for the Full Article

Tags:

Category: ALL POSTS, Partner News Stories

About the Author ()

Alabama News Center tels the stories of the people and businesses powering the states of Alabama, striving to make Alabama a wonderful place to live and work.

Comments are closed.