Lake Martin Waterfront Residential Report September 18 Monthly Indicators Recent Figures Trends Total Residential Sales Current Month September 18 29 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 18 36-19.4% vs. Last Year September 17 38-23.7% vs. -Yr Avg September 13-'17 32-9.9% vs. Peak September 17 38-23.7% vs. Trough September 14 7.1% Year to Date September 18 242-13.3% vs.prior Year September 17 279 0 4 Lake Martin Waterfront: Total Residential Sales 38 14 29 ACRE Commentary Historical Home Sales Graph: September 8-18 Historical data indicates that September residential sales on September 17 38 (By month) average ( 13-17) decrease 7.6 percent from August. The September 16 37 current month's sales decreased 19.4 percent from the prior September 37 month." September 14 26 September 13 23 - Year Avg: 32 3- Year Avg: 37 Median Sales Price Current Month September 18 0,000 vs. Prior Month August 18 481,62-16.9% vs. Last Year September 17 99,000-33.2% 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 18 481,007 vs.prior Year September 17 431,806 11.4% Median Peak September 8 70,000-46.7% Trough September 9 276,0 44.8% $8,000 70,000 $7,000 $6,000 $,000 $4,000 $3,000 276,0 $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 14 323,0 September 13 37,000 - Year Avg: 4,40 3- Year Avg: 476,333 Page 1 of
Monthly Indicators Recent Figures Trends Average Sales Prices Current Month September 18 68,807 vs. Prior Month August 18 17,484 9.9% vs. Last Year September 17 647,8-12.2% 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 44,996 8.8% Average Peak September 8 934,40-39.1% Trough September 9 338,803 67.9% Lake Martin Waterfront: Average Sales Price $1,000,000 934,40 $900,000 $800,000 $700,000 $600,000 $00,000 $0,000 $0,000 338,803 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 17 647,8 September 16,238 September 496,4 September 14 449,846 September 13 01,887 -Year Avg:,0 3- Year Avg: 8,173 Days on Market (DOM) Current Month September 18 132 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 18 224-41.1% vs. Last Year September 17 161-18.0% vs. -Yr Avg September 13-'17 2-13.2% Year to Date September 18 1 vs.prior Year September 17 177 17.1% 280 260 2 2 180 160 1 1 Lake Martin Waterfront: Average Days on Market 267 264 132 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 17 161 September 16 8 September 3 September 14 132 September 13 6 -Year Avg: 2 Page 2 of
Monthly Indicators Recent Figures Trends Total Units Listed for Sale Current Month September 18 284 Lake Martin Waterfront residential units available for sale during the current month increased by units vs. Prior Month August 18 314-9.6% vs. Last Year September 17 229 24.0% vs. -Yr Avg September 13-'17 299 -.0% Inventory Peak September 8 6-49.7% Trough September 17 229 24.0% 700 600 00 0 0 6 Lake Martin Waterfront: Total Homes Listed 284 229 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 17 229 September 16 7 September 9 September 14 346 September 13 4 -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 18 9.8 vs. Prior Month August 18 8.7 12.3% vs. Last Year September 17 6.0 62.% vs. -Yr Avg September 13-'17.0-2.1% I/S Ratio Peak September 31.8-69.2% Trough September 17 6.0 63.2% 37.0 32.0 27.0 22.0 17.0 12.0 7.0 2.0 28.3 Lake Martin Waterfront: Months of Supply 31.8 9.8 6.0 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 17 6.0 September 16 6.9 September 8.4 September 14 13.3 September 13.4 -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 - www.acre.cba.ua.edu. Page 3 of
Lake Martin Waterfront Sales and Inventory Sales 0 0 0 0 0 0 Inventory Lake Martin Waterfront Sales Lake Martin Waterfront Inventory Historical Lake Martin Waterfront Sales and Inventory Sales 0 60 600 0 00 40 0 0 0 0 Inventory Lake Martin Waterfront Sales Lake Martin Waterfront Inventory www.acre.cba.ua.edu Page 4 of
Average Days on Market and Median Sales Price Average DOM 280 260 2 2 180 160 1 1 0 70,000 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