Lake Martin Market Report
Let’s take a look at April 2020, waterfront home sales.
These statistics are taken from The Alabama Center of Real Estate. They represent all agents, all brokerages in the Lake Martin MLS.
Sales - April 2020 sales beat last year by 10% by scoring 30 closings. Mind you, 2019 was the best year ever for home sales here, so beating last year is a big deal.
Inventory - The number of waterfront homes for sale in April was 218, which was a whopping 31% decrease from last year and 21% lower than our five year average. This supply and demand crunch combine to have a lot of upward pressure on prices.
Do you own a home, lot or condo on Lake Martin and are considering selling? Did you buy at the peak of the market back in 2007 and wonder if you would profit on a sale?
Please call me and I will be glad to do a free, no strings attached Comparable Market Analysis.
Waterfront Homes For Sale
Home For Sale change from April '19
Waterfront Homes Sold
Homes Sold change from April '19