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May 2017 Market Report for Lake Martin

What’s the waterfront real estate market doing right now for Lake Martin?

At the end of May 2017 – (all agents, all brokerages over the entire Lake) 150 waterfront homes were sold for the first five months of the year. Compare that to 2015 – the best year ever in my opinion, 119 were sold, and we are 30% ahead of that year. For 2016, 107 waterfront homes were sold which makes us 50% ahead of last year.

These numbers are really remarkable when you see that inventory is down about 10% this year.

Waterfront lot sales at the end of May totaled 26 which is down 24% from the best year ever, 2015. For the same period ending in May 2016, 29 lots sold. Inventory of waterfront lots is down 30%.

So what does all of this mean? We are in a classic seller’s market!

If I can help you with buying or selling your waterfront home or waterfront lot give me, John Coley, a call! I would love to help.

 

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