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Tour of Trillium on Lake Martin

Trillium on Lake Martin is a Russell Lands development on the west side of the lake.  The first homes in Trillium were built around 1989, making it a well established community of high-end homes on large, wooded lots.

If you would like to see waterfront homes and lots for sale right now in Trillium, CLICK HERE to go to my Trillium Neighborhood page. I have a report that shows every waterfront home and lot for sale – by all agents, all brokerages, on Lake Martin. It pulls from the Lake Martin MLS so it will be current no matter when you visit the page.

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Trillium is always a popular spot for lakeside sight-seeing. If you’re new to the lake, or if you like to look at homes while you boat ride, Trillium’s a great development to ride by.  Another reason Trillium is popular on the boat tour scene is that it’s on a popular stretch of Lake Martin: the area between Kowaliga Marina and Real Island Marina.  This is a major thoroughfare on the southwest part of the lake (also known as Little Kowaliga).

Click here to see a lot that’s currently for sale in Trillium.

At Lake Martin Voice Realty, we can help you with any property for sale in the Lake Martin MLS, including homes and lots in Trillium. Give us a call and put us to work.

Related Post:

Little Kowaliga area on Lake Martin

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May 09 Lake Martin Waterfront Sales Highest In 2 Years

The Lake Martin real estate market shook off a 24 month slump by posting 22 waterfront home sales in May 2009 through the MLS.

This is the highest recorded number of lake home sales since May of 2007 when 23 were sold.

This should be welcome news to sellers of lake front property, who saw sales sputter on Lake Martin in April. This rally brings 2009 total sales to 53, slightly ahead of 2008′s May to date total of 50.

Could this be a return to normalcy for the Lake, and for luxury second home markets as a whole?

It certainly is encouraging to see the current month trounce the same month last year. Year to year improvements on units sold are seen by many analysts as a critical sign of real estate recovery, and it is a statistic that I am hyper focused on for Lake Martin.

The Bad News (Or Good News To Buyers)

One thing that sellers did not like to see was the total number of waterfront homes for sale in the Lake Martin MLS ROSE AGAIN this month to a total of 555. I can’t find another month on record that had this many for sale. This dubious honor will no doubt keep the balance of supply and demand in the favor of buyers, for at least several months.

A Look Ahead

I am not ready to call the bottom yet.  I would like to see at least three or four months in a row of slayings like this. One interesting figure is that, as of this writing, there are 34 water front homes pending in the Lake Martin MLS.

How many of these will close in June? Some are short sales and are taking a long time during the due diligence phase.  Some are not short sales or foreclosures and will close in July anyway.

Right now, praise God, I have been busier than ever.  I have 5 homes under contract and probably 1 will close in June.  My point is, in June 2008, only 7 sold on the entire Lake.

Calling The Bottom - Yeah!!Therefore we have a good chance that if even half of current pending sales close in June 2009, Lake Martin sales will trounce June 2008.

Hey buyers – are you going to wait around and let all the good ones get picked over? Why not give me a call and let me point you to the best deals at 350k, 450k, 550k, and beyond?

To the reader – what do you think about this rally? Is this bull market cyclical or secularAre you ready to call the bottom? Why or why not?  Please leave a comment or reply below.

For Every Post I Have Written On Sales Statistics, See:

Lake Martin Market Statistics Category

(*)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 sales on Lake Martin.

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Lake Martin 2009 Waterfront Sales Match 2008 In First Quarter

“Have Lake Martin sales picked up yet?”

I get this questions a lot.  Waterfront sales on Lake Martin are cyclical anyway, and after a tough Oct – Dec 2008 everyone is anxious to see if 2009 will be the year the market takes back off.

So far, it looks like January – March 2009 (1Q09) is in lockstep with waterfront sales in 1Q08. There were 20 sold in 1Q08 and 22 sold in 1Q09:

I guess I could make a sensational headline like:

2009 Sales Are Up 10% Over 2008” but when that 10% = 2 sales, well, it seems like (statistically) a close call.

I think the real story lies in the active listings and new listings columns.  In March 2008 we added 110 listings for sale around Lake Martin, and had a total of 418.  In 2009, there was a little more total for sale, at 474, but in March 09 only added 53 to that total.
lake martin real estate sales 2009
So what?

To me that is a sign of hope that sellers are pulling back a bit, and only selling when they are serious. I also think it is obvious that there is a lack of new spec homes on the market. Waterfront spec homes were still hitting the Lake Martin real estate market back in 08 because the pipeline can sometimes be about 8 months. In other words, new spec homes popping up as new listings in January 2008 were likely started around April 2007. But by April 2008, everyone had figured out that we were in an extreme buyers market, and quit starting spec homes.

The only spec homes now on the market are holdovers from 2007 and 2008, and in some rare cases, 2006.

Foreclosures? Short sales?

Yes,  Lake Martin is starting to see more foreclosures and short sales.

It’s hard to come up with an easy list of Lake Martin foreclosures or short sales because there is no field in the Lake Martin MLS to designate as foreclosure or short sale.  In contrast, you can easily search for waterfront homes or lots by choosing “Y” in a Lake Martin MLS search here.  For foreclosures and short sales, you pretty much have to deduce it by the seller (a bank or some other financial sounding company) and also the trusty Lake Martin grapevine.

What will the Lake Martin real estate market do in 2009?

No one can know for sure at this point, of course, but here are a couple of indicators that I watch:

1.)     2009 monthly sales beating 2008 – by this I mean in number of homes sold.  We have already seen in 2008 that average prices fell.  So according to what we know about real estate cycles then we should expect to see individual months in 2009 beating their 2008 counterpart BEFORE we see prices rebound. But, current year MUST start beating prior years.  It happened in the last part of 2008, and 1Q09 beat 2008 timidly, which is why the smart money eyes will be on the crucial period of 2Q09 (April – June 2009).

2.) Cities / States that were Bubble Sources – I am not a real big believer in strong trickle down connections between markets, at least in a 1 to 1 relationship.  But it is interesting to watch with the economy as a whole.  I watch Florida, California, and Atlanta.

Related Posts:

Lake Martin Market Statistics Category

(*)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 sales on Lake Martin.

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Lake Martin Real Estate Spotlight: Windermere West

Windermere West – off of Windermere Road on Lake Martin – is a Russell Lands waterfront development that was started in the early 1990s.

If you would like to see waterfront homes and lots for sale right now in the Windermere/Windermere West area, CLICK HERE to go to my Windermere Neighborhood page.  I have a report that shows every waterfront home and lot for sale – by all agents, all brokerages, on Lake Martin. It pulls from the Lake Martin MLS so it will be current no matter when you visit the page.

It had two phases, and about 236 waterfront lotsThe typical Windermere West lot is well wooded, and deep – most homes are not easily seen from the road. Because it is off of Windermere Road and close to highway 63, it is close to the Russell Crossroads town center.

Windermere West is a great mix between town and country, for lack of a better phrase.  They have Covenants and Restrictions to protect the homeowners’ rights of development.  They have 2 landscaped entrances for aesthetics.  But, they don’t have amenities such as a clubhouse, pool, or walking trails. Windermere West does not have its own sewer system, each home has its own septic system.  Depending on your wants and needs, that could be good news.  The upside is that Windermere West has a relatively minuscule HOA fee – currently $20 a month, same as it has been since 1991.

Here’s the first entrance from Windermere Road:

Windermere West Parkway:

There is an old cemetery right across from the second entrance

Would you like to buy a home in Windermere West? Contact me, I would be glad to help.  There aren’t many undeveloped lots left, but there are a few for sale.  Call me at (334) 221 5862, and I can help you find the best deals.

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