Lake Martin real estate waterfront sales showed some signs of improvement in April 2008 as compared to April 2007.
In April 2008, there were 18 waterfront homes and condos and 1 lot sold through the Lake Martin MLS.* Compare that to 2007 when 17 homes and condos were sold and 2 lots. Combine them together, and you’re at a dead heat of 19 properties in each year.
For those keeping a running tally, and don’t feel like clicking back to the post where covered Lake Martin sales for the first quarter of 2008, that makes a total of 35 residences sold through the MLS the first four months of 2008 and 50 residences sold in the first four months of 2007.
While it might not represent the explosion of waterfront property sales that sellers were hoping for, it does show a potential for Lake Martin sales to be better in 2008 than they were in 2007.
First of all, in March 07 there were 25 sales, and then in April 07 it dropped to 17. In 2008, we had 11 in March and 18 in April. In fact, sales through the Lake Martin MLS in April 08 matched the sales in the previous 3 months combined. So at least we are on an upswing in 2008.
Interested in buying Lake Martin property? Email me or call me at the number at the top of this page. I’ll help you sort through all of the choices and help you get the best deal for the home or lot of your dreams. All realtor fluffery aside, this summer truly is a great time to buy. Don’t wait until next year.
(*)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.