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

Sales: Lake Martin waterfront sales totaled 23 units during April, a decrease of 4.2 percent or nine units from the same period in 2015. Year-to-date sales on Lake Martin’s waterfront are 12 percent below the same period a year ago. Another resource to review is the Annual Report.

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

Year-to-date home sales in April dipped 11.9 percent compared to last year.

Supply: The Lake Martin waterfront housing inventory in April was 353 units, a decrease of 0.3 percent from April 2015 and 34.9 percent below the April peak in 2009 of 542 units (this is good news). April inventory did increase by 8.3 percent from March. This direction is consistent with historical data indicating that April inventory on average (2011-15) increases from March by 3.5 percent. There were 15.3 months of housing supply in April (6 months is considered equilibrium in April).

Demand:  Waterfront residential sales slipped 14.8 percent during April, from 27 units sold in March. Historical seasonal patterns indicate April sales on average (2011-15) decrease by 2.1 percent from March.

Pricing: The Lake Martin waterfront median sales price during April was $371,000, a decrease of 5.4 percent from April 2015 and a decrease of 13.7 percent from the prior month. Historical data indicate that the April median sales price (2011-15) typically decreases 7.1 percent from March. 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. The Alabama Center for Real Estate (ACRE) recommends contacting a local real estate professional for additional market pricing information.

The average sales price for homes sold during April at Lake Martin’s waterfront was $514,557.

On average, homes sold in April at Lake Martin’s waterfront spent 142 days on the market.

There were 353 homes listed for sale during April at Lake Martin’s waterfront.

The median sales price for homes sold during April at Lake Martin’s waterfront was $371,000.

There were 15.3 months of supply on the market at Lake Martin’s waterfront during April.

Lake Martin waterfront sales dipped 14.8 percent from March.

There were 23 homes sold at Lake Martin’s waterfront during April.

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