Comments on: June Home Sales Jump at Lake Martin

By: johncoley

johncoley — Sun, 19 Aug 2012 03:56:44 +0000

Hey MGH, sorry for the slow reply but this is a big topic. Please keep an eye out for my September column in Lake Magazine. I take on a portion of this issue, from a buyer’s perspective. I attempt to answer the question if the Lake Martin real estate market sees big price drops or more “desperate” sellers in the fall. To address another part of your question, I think that there are a lot of over priced homes still on the market which heavily impact stats like days on market or months of inventory. Since I think that the golden trinity of selling a home is made up of pricing, staging, and marketing, I think that those that don’t sell can blame one or more of those. More often than not, it’s pricing. FYI Lake Martin is tracking to sell a little over 200 HOMES for the entire calendar year of 2012. Please see my most recent blog post of July sales results Market report. In general I don’t watch days on market as much as I do the current month’s sales versus the same month, prior year.

By: July Sales Cool On Lake Martin | Lake Martin Voice

July Sales Cool On Lake Martin | Lake Martin Voice — Thu, 16 Aug 2012 03:37:34 +0000

[...] June Home Sales Jump Lake Martin Lot Sales 2011 Lake Martin Real Estate Sales 2011 – Year In Review Lake Martin Real Estate Sales 2010 – Lot Sales Lake Martin Real Estate Sales 2010 Lake Martin Real Estate Sales 2009 – Year In Review Lake Martin Real Estate Sales 2008 – Year In Review Lake Martin Real Estate Sales 2007 – Year In Review [...]

By: mgh

mgh — Thu, 02 Aug 2012 02:40:01 +0000

There are well over 500 waterfront properties listed right now, and if we continue at the current rate, about 120 will sell by year end. That leaves over 3/4 of the sellers disappointed. Am I missing something, or is this normal? Are we still in a period of oversupply putting downward pressure on prices? Or is it normal for some reason to have a high rate of failed offerings on the lake? Perhaps you can do a blog post about unsold property. Give us your thoughts on common reasons properties fail to sell.