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Archive for the 'Real Estate Tips' Category

Experience Serenity at 236 Delilah Lane

Waterfront Lake Martin home for sale in the Real Island / Little Kowaliga area

Do you long for an escape from work? From city life? Are you looking for a real departure?

Do you find yourself remembering when cabins were cabins, not extensions of pretension? When dirt roads led to gold, not away from it? Then 236 Delilah Lane on Lake Martin could be the perfect place for you to come away and put your phone on Do Not Disturb.

Nestled in a modest hill in the woods, its close to home in Little Kowaliga or Real Island area of Lake Martin. Because its bordered on one side by 38 acres of forest, you’ll soon forget the world of instant notifications and expectations.

The home comes fully furnished and decorated by two renowned architects who captured the spirit of the cottage. It’s a place to experience Lake Martin in a tangible way, and experience a lifestyle that doesn’t take itself too seriously.

Upstairs the wood ceilings, wood burning fire place, and galley kitchen support the main bedroom and bathroom. Downstairs the guest bedrooms share a bathroom and are only 3 steps from the water at Lake Martin.

Go for a boat ride or stay here and paddle to cast a fly against the lake shore. You can lounge on the swing and read on the screened in porch. If you know the difference between a buzzing phone and the call of the cicada, or if you’d like to learn, please come see this home. Keep your phone on, but only if you want to.

For more information about this home, CLICK HERE.

Or, just call me, John Coley, directly at 334 221 5862 or contact me here. I would love to show you all this home has to offer!

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February 2015 Lake Martin Market Report

Often, I’m asked, “How is the market doing in 2015 compared to 2014?” In short, I think its doing great! If you look at the graph below provided by the Alabama Center for Real Estate, you can see that February 2015 sales doubled from February 2014. In February 2015, sales were at 14, compared to sales at 7 in February 2014.

Feb 2015 market report graph

The yellow line, represents the inventory levels. The levels are the same, and certainly a lot better than they were in the dark days of 2007. Overall, when you look at the big picture, you can see that supply on the inventory side is similar and demand on the sale side is similar. We are poised for another great year here at Lake Martin.

Hear more about this in the video below.

 

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Reduced Price on Fun, Well Designed Lake Home

We have dropped the price on 38 Antler Road, a four bedroom, three bathroom waterfront home on the east side of Lake Martin.

This home is one of my favorites, as it has really nice appointments, yet remains a fun, accessible lake house. It’s located toward the end of County Road 34 on the Dadeville side of Lake Martin, so it’s centrally located on the water. Check out the video above, or CLICK HERE for complete information on the home.

Or, just call me, John Coley, directly at 334 221 5862 or contact me here. I would love to show you all this home has to offer!

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Price Drop on Shady Bay Waterfront Lots

Great news! Prices have dropped on great waterfront lots in Lake Martin’s Shady Bay neighborhood!

Shady Bay is a great waterfront neighborhood on the northern end of Lake Martin. I have several waterfront lots for sale in Shady Bay. We started out with fourteen lots and have sold six, so we are down to eight. We recently dropped the prices on these lots, so if you are looking for a site to build your Lake Martin dream home, now may be an excellent time to take advantage of the new prices.

For more information on these lots, please see:

Shady Bay

For more information on Shady Bay in general, please watch the above video or click on this: Shady Bay Neighborhood Page.

Which lot looks right for you? Please call at 334 221 5862 or contact us here if we may help!

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Appetite For Mediocrity

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Saturday afternoon I spent the day running around town getting supplies to tune up my yard equipment. I know – super exciting… I am a stone cold gangster.

When I got done shopping, I realized that none of the stores I visited had two items- a specific hanger for my weed eater and an obscure spark plug sized just for it. No worries. I fired up my Amazon app, ordered them, and went about my bidness.

They were sitting on my doorstep at ten am Monday, less than 36 hours later.

I know my story is not unique. In fact, it’s pretty common. But I still get awe struck sometimes when I consider how Amazon has totally changed the game in e commerce, and how that bleeds over to almost everything else. We consumers didn’t start out demanding random spark plugs in less than two days. Amazon’s excellence made it happen though, and now I confess disappointment when other vendors can’t deliver like that.

Contrast that with this recent LA Times article I read about Zillow. Basically, their estimates stink and their home search tool is misleading and inaccurate.

So why do consumers keep using them? Why are we so demanding about shipping times on the latest Brotherband book but so accepting about a company that feeds us such terrible real estate data? I talk to buyers all the time that quote a zestimate to me and ask why it’s so high or low. Invariably they admit “oh yeah Zillow is terrible in my hometown.” So why use it for Lake Martin? Why use it for anywhere?

Aren’t you tired of the expired listings that look active? Aren’t you distrustful of their estimates? Can’t you see the futility of a website that says a house has 1,665 square feet but no bedrooms? Does the appetite for mediocrity in real estate know no bottom? Who knows, one day I might have to shift my approach and become Mr. Zillow. Maybe they will have decent data and maybe it will be the best place to connect to consumers, and I will have lost this philosophical position because the market has spoken. When that day arrives, look out. I will be its biggest cheerleader. But right now the most popular site we use to look for $5 spark plugs is better than the one for $250,000 homes. Does that make any sense?

As for me, I’m trying to revamp my entire website. Really, I guess, my entire business model. Today’s consumer demands fast, accurate info delivered on multilateral platforms. That’s it. They demand Amazon Prime level service from real estate agents. I strive towards that, not anything else. I am sure I will fall far short of that standard, but I’d rather fail doing that than drown in the legion of average.

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The Antidote To Antsiness

lake martin retirement home buyer

The antidote to antsiness is preparation – at least that’s what I think when it comes to buying a home at Lake Martin.

I spat out this nugget of wisdom as was talking to a buyer this morning. He and his wife are looking to move to Lake Martin permanently when they retire, which happens in a few months. They have selected Lake Martin as their ideal retirement area because they both went to Auburn, and have kids in Auburn now. They fell in love with Lake Martin and knew it’s where they want to live.

However, we have hit a couple of bumps in the road on the way to finding their dream home here at Lake Martin. We had one under contract, but the home inspection revealed a few things they didn’t like, so they had to withdraw from the contract. That’s a subject for another blog post.

Right now they are focused once again on the search mode. A few homes have looked promising, only to be taken off of the list for one reason or another. In one case, the home was snapped up quickly by another buyer. In a different case, we eliminated a home because we felt it was overpriced.

Anyway, I got the call from the husband that they are “getting antsy.” They have a trip up to the Lake scheduled in the next few weeks and would really like to find their perfect home for retirement.

That’s when I spat out – “the antidote to antsiness is preparation.” My point was, let’s go through the Lake Martin MLS, make lists, and commit to spending time on the phone to compare notes. That way, when they are finally able to make it to the lake, we have a good group of “maybes” instead of a wild goose chase. Fortunately, these particular buyers are not goose chasers; they are deliberate. They are informed. Their search will be easy and productive.

I was pretty pleased with this pithy quote, though. Most of my off the cuff quotes are either ludicrous, like when I tell my kids, “tonight I am going to teach you to skin a squirrel,” or overly simple, “this country started to slide when they eliminated glass bottled co-colas.”

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Goat in Little Kowaliga, Lake Martin

So I am going to keep using “the antidote to antsiness is preparation.” I don’t know if it helps you personally or in your business. It does for Lake Martin real estate. I see it often. Buyers that want to breeze up to the lake and fly around, seeing every new listing or every one they pass, soon find themselves disoriented and frustrated. It’s a big lake. Do your research. Search our MLS here. Mark your favorites, (yes you have to sign in, but only I see your info. I don’t sell it.) Then let’s talk, and I can help you separate the wheat from the tares. The sheep from the goats, if you will.

 

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2014 Is Lake Martin’s Best Year Ever

Lake Martin had its best year ever for waterfront real estate sales in 2014. This year’s real estate market report reflects record numbers of waterfront homes sold and waterfront lots sold.

Close readers of my prior market reports for Lake Martin will note that the previous record year for home sales was 2005. In that year, 285 waterfront homes, townhomes, and condos were sold in the Lake Martin MLS(*). It remained the high water mark as sales started to slide the very next year, bottoming with a miserable 137 waterfront homes  sold in 2008.

Do you remember 2008? I do. In 2007 we had no rain. In 2008 we saw few home sales.

Thankfully, the Lord God provided rain and lack of supply combined for the Lake Martin market to bounce back in 2009. As you can see on the above chart, the lake had 194 sales in 2009, a full 42% spike in one year.

Why do I go over these old numbers when I am supposed to be talking about 2014?

Because I think it is worthy to remember how everyone – ( well – almost everyone, see my point #3 to buyers in this report from 2008) – back then said “things will NEVER get back to the old days. We will NEVER see Lake Martin sell like 2005 again.” Wrongo. Incorrect. I heard the naysayers back then and I still hear someone say that at least once a month now.

Here is proof positive that you should never say never.  Seriously. Go back to my Lake Martin market reports in 2008 here and look at it.

Lake Martin Waterfront Lot Sales

You also might remember that 2013 was a huge year for waterfront lot sales here on Lake Martin. Did we repeat that feat in 2014? Yes.

Unbelievably, waterfront lot sales were higher in 2014 on Lake Martin than 2013. One might be tempted to conclude that this is only because Alabama Power Company, a private utility and major waterfront landowner, decided to sell a bunch of lots in both years. However, even if you remove the 23 lots Alabama Power sold in 2014 through the MLS, it would still leave 51 lots sold, which is way better than 2012. Similarly, in 2013 only 17 of these waterfront lots sold were from Alabama Power. Remove those, and the record still stands.

FAQ About My 2014 Lake Martin Real Estate Market Report

1.) What prices do in 2014 on waterfront homes? I will cover Lake Martin’s pricing trends in a later post. But my quick answer is that I did not see a huge price jump. I will detail this in the future.  Please stay tuned.

2.) If we beat 2005 for the best year ever, I guess that means now we will start sliding again? Not necessarily. I calls them as I sees them. When sales start slumping and losing to the prior year, I will be the first to say it. But not before then. Mark my words, in a free market, everything has a cycle. Yes, Lake Martin will experience another contraction some time in the future, just not now. Right now we are booming. Also, since I strongly believe that price follows sales, I don’t think we can call a peak until we see upward price movement.

3.) What do you do in real life? I am not a blogger or writer by trade. I am a humble real estate agent here at Lake Martin. I write these market reports and other items to try and be helpful. If I may help you buy or sell something here at Lake Martin, please contact me by clicking here. I would love to be of assistance.

 

Related Posts About Lake Martin Real Estate Market Reports:

Lake Martin 2012 Waterfront Market Report
Lake Martin 2013 Waterfront Market Report

All Lake Martin Waterfront Market Reports

Copyright notice – the above, and every other post on this blog, is the property of John Coley, Broker, Lake Martin Voice Realty. Appraisers may use my information in their appraisals without charge or asking, but please give me credit by citing me, my company name and title, and website address of http://lakemartinvoice.com.  If anyone else would like to use this information, please contact me here and ask. I probably will let you do it, just please ask!

(*)Disclaimers: All of the above info was taken from the Lake Martin Area Association of Realtors Multiple Listing Service. Accuracy is not guaranteed but deemed reliable. The above does not include sales by   FSBOs or developers that sell privately and not through the MLS. But, I do think that the above represents a very large majority of all waterfront sales on Lake Martin, Alabama.

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Mac’s Tips For Kids At Lake Martin


Editor’s Note: This post was written entirely by Mac as part of his “Career Day” for school. He shadowed me all day to get an idea of what it might be like to sell waterfront real estate at Lake Martin. I am so honored that he would chose me! He was truly hands on, writing the below post and also producing, scripting, and editing the above video. I think he has a future in sales!

Mac’s Tips For Kids At Lake Martin

A lot of kids do not realize how fun Lake Martin is, but being a kid I can tell you a lot. I have a few reasons why I love Lake Martin.

One of the reasons I love Lake Martin is the amount of freedom you have. The opportunities are abundant. You can shoot fireworks off your peer on the Fourth of July. Another thing I’m looking forward to is I just turned fourteen so I will be getting my Boater’s License. My parents will soon let me ride the wave-runner to some of my friends houses.

The second thing I love about Lake Martin are the activities. You can do anything from wake boarding to going to a concert. Lake Martin provides you with pros from SMG Wake to teach us kids how to wakeboard, show us new tricks and teach us how to wakesurf. There are also paddle board races at local marinas and at Children’s Harbor. One of the special things that I do is take my Eno and hang it up outside between some pine trees and take a nap or read a book.

The final reason I love lake Martin is my friends. At Lake Martin my friends that have a lake homes tend to be close so it only takes about ten to fifteen minutes to get to their lake house. This might be different for some people it just depends where you are on Lake Martin.

All in all Lake Martin is a really awesome place to be. There are great restaurants with delicious food, and you do not have to worry about any dangerous marine life. I love it there and plan to go every summer, and if you experience the beautiful Lake Martin yourself you will to.

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Another Lake Martin Video You Can’t Watch

At Lake Martin Voice Realty, we are big believers in real estate video. At this point, that almost goes without saying. We’ve been posting (hopefully) helpful videos about Lake Martin real estate and area info since about 2008. Some of these videos, though, are not for the public.
lake martin home seller video
I just posted a video to my YouTube channel that is not public. In fact, it is only aimed at four people.

Don’t feel sad, you can get one made for you, too. This Lake Martin video was made for two couples that went in together and allowed me to help them find their lake home. Due to work and kiddo restraints, they were all not able to make it to the “walkthrough” before closing. You are probably familiar with walkthroughs in your hometown – it’s where the buyer walks through the home, making sure everything is ok before closing, and perhaps – if they’re nice – the seller is there to let them know about the quirks, tips, and tricks of the home. Here at Lake Martin that also includes things like: How to winterize the landscape irrigation? How to treat the boat lift when the water goes down? Who’s the best neighbor to call if you need a tool?

So, no, you can’t watch my latest video. I made it by following around the seller and asking him questions. I uploaded it to YouTube and sent the Unlisted link to the buyers. It’s about fifteen minutes long, and hopefully will be of use to them for years to come. There is no extra charge for this, it is just how we roll up in here.

If you would like to watch all of the rest of the videos on Lake Martin that we’ve made since 2008, please CLICK HERE for my YouTube channel or here for a summary page and player on my blog.

If there are any questions you may have, please contact me and let me know. Thanks!

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Help Us Improve Our Site: Mobile Mode

Lake Martin Voice seeks to be the number one resource for all things about Lake Martin real estate.
lake martin mobile real estate search
We realize that a huge whallop of our readers do so from their mobile devices, be they iPhones, iPads, Androids, whatevers. We want Lake Martin Voice to be the number one resource for real estate on Lake Martin. Period. Therefore we want your mobile experience to be the best, too. Recently we installed a new tool to help with that. For the nerdy interested, it’s WP Touch, a WordPress plugin.

Anyway, we have some flexibility on how our menus and pages are displayed, so if you have any feedback we would love to hear it.

Specifically:

Do you like using the home search tool?
Is the home search easy to get to?
Once you’re on the home search, do you like it? What can improve?
What is hard to do?
What is easy to do?
Anything you would like added to the menus or pages?

If you have any feedback you can fill out this contact form or email me at john at lakemartinvoice dot com.

Thanks!

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