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Sales: Lake Martin “waterfront” sales totaled 12 units during January, an increase in sales growth of 33 percent from the same period in 2015. This matches the January peak in waterfront home sales at Lake Martin established in 2012. Two more resources to review: Quarterly Report and Annual Report.

Click here to check out all of ACRE’s data on Lake Martin’s waterfront sales

Lake Martin waterfront sales during January matched the month’s peak of 12 set back in 2012.

Supply: The Lake Martin “waterfront” housing inventory in January was 246 units, a decrease of 15.5 percent from January 2015 and 49 percent below (this is good news) the January peak in 2009 (484 units). In addition, January inventory did increase by 23 percent from the prior month. This direction is consistent with historical data indicating that January inventory on average (2011-15) increases from December by 7.6 percent. There were 20.5 months of housing supply in January (6 months considered equilibrium in December NSA), a favorable decrease of 36 percent from last January’s 32.3 months of supply.

Demand:  “Waterfront” residential sales decreased 50 percent from the prior month. This direction is consistent with seasonal patterns and historical data indicating January sales on average (2011-15) decrease by 14.7 percent from December.

Pricing: The Lake Martin “waterfront” median sales price during January was $521,714, an increase of 55.7 percent from January 2015 and an increase of 25 percent from the prior month. Historical data indicate that the January median sales price (2011-15) typically decreases 5.5 percent from December. Pricing can and 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. A broader lens as to pricing trends is appropriate and we highly recommend contacting a local real estate professional for additional market pricing information.

The average Lake Martin waterfront home sold for $657,125 during January.

On average, waterfront homes at Lake Martin that sold during January spent 212 days on the market.

Lake Martin waterfront inventory continues to go down in January.

The median sales price for Lake Martin waterfront homes during January was $521,714.

There was 20.5 months of supply on the market in Lake Martin when it came to waterfront properties during January.

Waterfront sales from 2011-15 during January averaged 9 units.

The all-time low for units sold during January was one unit during 2008.

The Lake Martin Residential Monthly Report is a work product developed in conjunction with the Lake Martin Area Association of Realtors to better serve area consumers.