Lake Martin Waterfront Residential Report September 2018

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1 Lake Martin Waterfront Residential Report September 18 Monthly Indicators Recent Figures Trends Total Residential Sales Current Month September Lake Martin Waterfront residential* sales during the current month totaled 29 units, representing a decrease of 9 transactions *Residential = existing single family, condo, & new construction vs. Prior Month August % vs. Last Year September % vs. -Yr Avg September 13-' % vs. Peak September % vs. Trough September % Year to Date September % vs.prior Year September Lake Martin Waterfront: Total Residential Sales ACRE Commentary Historical Home Sales Graph: September 8-18 Historical data indicates that September residential sales on September (By month) average ( 13-17) decrease 7.6 percent from August. The September current month's sales decreased 19.4 percent from the prior September 37 month." September September Year Avg: Year Avg: 37 Median Sales Price Current Month September 18 0,000 vs. Prior Month August , % vs. Last Year September 17 99, % vs. -Yr Avg September 13-'17 4,40-6.0% The median sales price for waterfront homes on Lake Martin during the current month was $0,000, a 33.2 percent decrease Year to Date September ,007 vs.prior Year September , % Median Peak September 8 70, % Trough September 9 276,0 44.8% $8,000 70,000 $7,000 $6,000 $,000 $4,000 $3, ,0 $2,000 Lake Martin Waterfront: Median Sales Price 0,000 ACRE Commentary Historical Median Selling Price Graph: September 8-18 Historical data indicates that September median sales prices September 17 99,000 on average ( 13-17) increase 12.7 percent from August. The September 16 4,000 current month's median price decreased 16.9 percent from the September 390,000 prior month." September ,0 September 13 37,000 - Year Avg: 4,40 3- Year Avg: 476,333 Page 1 of

2 Monthly Indicators Recent Figures Trends Average Sales Prices Current Month September 18 68,807 vs. Prior Month August 18 17, % vs. Last Year September ,8-12.2% vs. -Yr Avg September 13-'17,0 8.3% The average sales price for waterfront homes on Lake Martin during the current month was $68,807, a 12.2 percent decrease Year to Date September 18 93,033 vs.prior Year September 17 44, % Average Peak September 8 934, % Trough September 9 338, % Lake Martin Waterfront: Average Sales Price $1,000, ,40 $900,000 $800,000 $700,000 $600,000 $00,000 $0,000 $0, ,803 68,807 ACRE Commentary Historical Average Selling Price Graph: September 8-18 Historical data indicates that September average sales prices on average ( 13-17) increase.6 percent from the previous month. The current month's average price increased 9.9 percent from the previous month." September ,8 September 16,238 September 496,4 September ,846 September 13 01,887 -Year Avg:,0 3- Year Avg: 8,173 Days on Market (DOM) Current Month September The average number of days on the market during the current month was 132, a decrease of 29 days from one year ago. vs. Prior Month August % vs. Last Year September % vs. -Yr Avg September 13-' % Year to Date September 18 1 vs.prior Year September % Lake Martin Waterfront: Average Days on Market ACRE Commentary Historical Average DOM Graph: September 8-18 "The -year DOM average for September is 2 days, which is days above current results. DOM is anticipated to remain within the current range (1-180 days) for the forseeable future." September September 16 8 September 3 September September Year Avg: 2 Page 2 of

3 Monthly Indicators Recent Figures Trends Total Units Listed for Sale Current Month September Lake Martin Waterfront residential units available for sale during the current month increased by units vs. Prior Month August % vs. Last Year September % vs. -Yr Avg September 13-' % Inventory Peak September % Trough September % Lake Martin Waterfront: Total Homes Listed ACRE Commentary Historical data indicates that September inventory on average ( 13-17) decreases.7 percent from the previous month. The current month's inventory decreased 9.6 percent from last month's total of 314 listings. Historical Total Units Listed Graph: September 8-18 September September 16 7 September 9 September September Year Avg: 299 Inventory-to-Sales Ratio The inventory for sale divided by the current monthly sales volume equals the # of months of supply (Market considered to be in balance at approximately 6 months). Lake Martin's waterfront currently has 9.8 months of supply, up from 6.0 months of supply one year ago. Current Month September vs. Prior Month August % vs. Last Year September % vs. -Yr Avg September 13-' % I/S Ratio Peak September % Trough September % Lake Martin Waterfront: Months of Supply ACRE Commentary Historical I/S Ratio Graph: September 8-18 "September's 9.8 months of supply is 2.1 percent below the -year average of.0 months of supply. Lake Martin waterfront's inventory-to-sales ratio is 3.8 months above equilibrium, indicating a continued transition where buyers typically have slightly elevated bargaining power." September September September 8.4 September September Year Avg:.0 3- Year Avg: 7.1 NOTE: This representation is based in whole or in part on data supplied by the reporting boards/associations of REALTORS or their Multiple Listing Service. The Alabama Center for Real Estate does not guarantee and is in no way responsible for its accuracy. Any Market data maintained by the Center does not necessarily include information on listings not published at the request of the seller, listings of brokers who are not members of a local board/association or MLS, unlisted properties, rental properties, etc. The statistics included in this report reflect the residential sales of houses, condominiums, and town homes. Historical Monthly Housing Statistics are available on the web at Alabama Center for Real Estate's homepage - Page 3 of

4 Lake Martin Waterfront Sales and Inventory Sales Inventory Lake Martin Waterfront Sales Lake Martin Waterfront Inventory Historical Lake Martin Waterfront Sales and Inventory Sales Inventory Lake Martin Waterfront Sales Lake Martin Waterfront Inventory Page 4 of

5 Average Days on Market and Median Sales Price Average DOM ,000 60,000 0,000 40,000 0,000 0,000 Lake Martin Waterfront Average DOM Lake Martin Median Sales Price This report is compiled and brought to you by ACRE Research. You should not treat any information expressed in ACRE Reports as a specific inducement to make a particular investment or follow a particular strategy. The Alabama Center for Real Estate (ACRE) and/or its partners/work product sponsors does not guarantee and is not responsible for the accuracy or completeness of information, and provides said information without warranties of any kind. All information presented herein is intended and should be used for educational purposes only. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. All investments involve some degree of risk. ACRE will not be liable for any loss or damage caused by your reliance on information contained in ACRE Reports. Page of