Here we go again – Lake Martin was described as the top real estate market in the entire state of Alabama.
The Central Alabama Business Journal – a sister publication of the Montgomery Advertiser recently interviewed J. Danny Cooper, the Executive Vice President of the Alabama Association of Realtors. The article covered various topics from the condition of Alabama’s real estate market overall to the performance of specific areas. Cooper singled out Lake Martin as the top market in the state. In his words, “Lake Martin has surpassed any other market in the state in terms of appreciation and home value.”
I know what you’re thinking – this is just another propaganda puff piece from a rah-rah realtors’ rep. I might be inclined to agree, on some points. Anybody can have an opinion on what is a “good” or “bad” market. What sets apart Cooper’s statement? It’s a fact, not an opinion. The numbers have been crunched – and Lake Martin came out on top.
Not that the rest of Alabama is so much chopped liver. This state is blessed with many great second home or vacation home markets – Orange Beach, Gulf Shores, Lake Eufaula, Lake Guntersville, Weiss Lake, Lake Logan – Martin, just to name a few. Maybe you and I think none of them are better than Lake Martin. Maybe someone else thinks that another lake or beach is prettier, or cooler, or whatever. Everybody’s entitled to an opinion. But here’s a fact – recently, none of them have appreciated in value like Lake Martin.
Even if you own a home or lot on Lake Martin and never intend to sell it, isn’t it nice to know – that if you did – it is in the top market in the state? Wonder what it’s worth? Drop me a line, I’ll run you a Comparable Market Analysis, no strings attached.
And if you don’t own any property on Lake Martin yet? I can help you with that, too.