Lake Martin July 2020 Market Update
John Coley
John Coley grew up on Lake Martin and is a 1991 graduate of Benjamin Russell High School in Alex City...
John Coley grew up on Lake Martin and is a 1991 graduate of Benjamin Russell High School in Alex City...
What corona? The Lake Martin waterfront real estate market has been absolutely scorching hot, regardless of the global concern with the coronavirus.
Let’s take a look at July 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.
July 2020 is the best month of sales ever for waterfront home sales on Lake Martin, Alabama.
The entire market, that’s all agents, all brokerages in the Lake Martin MLS sold 73 waterfront homes in July. That is a record. The previous all-time record was 55 homes - set by June, 2020 and also July, 2019. So - that’s right. The past 2 months have tied the best month ever and then shattered the record by 32%.
This is even more mind-boggling when you consider that inventory - the number of homes for sale - is down 43%!
If you own a Lake Martin waterfront home, lot, condo, or anything, and you have wondered when you should sell - the answer is NOW.
Please give me a call and we can get started! The first step is me visiting your property. If it is a good fit for you to sell, great! I would love to help. If not, I totally understand. No pressure.
166
Waterfront Homes For Sale
-43%
Inventory from June '19
73
Waterfront Homes Sold
+32%
Homes Sold change from June '19