I was honored to be interviewed April 9th for an Alex City Outlook article on waterfront foreclosures around Lake Martin.
Jessica Hargett called me to ask me how foreclosures are going around the lake. When I started spitting out stats from 2011, she had to interject and let me know that she was curious about 2012. OK, if 7% of sales last year were foreclosures, what about this year?, she asked.
Me: “Uhhh.. hang on. I don’t know.”
It turned out that when she called, I had not run any reports for 2012 sales yet. In fact, her questions were the impetus for the research that generated this blog post about 2012 waterfront sales on Lake Martin, so I thank her for that.
Much of what I talk about in the Alex City Outlook article I cover in my Market Report, while it does bear repeating that I was surprised that so many sales in the first quarter of 2012 were foreclosures, I just don’t think it will last. I will be the first to admit I am wrong, but I just don’t see enough supply to hold at such a high percentage. My wild guess is that foreclosures will once again ring in at 7% of the waterfront sales market on Lake Martin, just like 2009, 2010, and 2011.
If you would like to see the current list of foreclosed waterfront homes and lots for sale on Lake Martin, please CLICK HERE and fill out the form and I can email it to you.
If you have already received the link in the past, no need to request it again. That list is auto-populated from the Lake Martin MLS, just save it in your web browser’s favorites and check it whenever. It’s always current.