July waterfront home sales on Lake Martin, Alabama, saw a dip as compared to last year. In July of 2012, 20 waterfront homes were sold on Lake Martin, whereas in July 2011, 26 sold.
If you have been around Lake Martin this summer, you know that we have had some hot and dry weather. But if you have been searching for a home and watching the market, apparently that did not translate into hot home sales for July. When I am judging any month’s sales numbers, I always compare it to the same month of the previous year. So far, 2012 has been pretty consistently beating 2011. There was a slight stumble in April, however. But the next month, the sales came roaring back with a May that crushed any previous month since 2006.
Even though Lake Martin had a weak July, for the year, we are still ahead of the previous year. Through July in 2011, there were 129 waterfront homes sold. This year there are 137 sold. I don’t think it’s time to hit the panic button quite yet.
Also, we need to remember May. We had a huge comeback in May 2012 after a lackluster April. Will this happen again in August? We can take some clues from how many sales are pending in the Lake Martin MLS right now. At this writing, there are 37 waterfront home sales pending, and we’re in the middle of the month.
It’s my theory that we will have a huge August, and will correct the tepid July. I think the Lake Martin real estate market will continue to pace above last year. I base this on the sheer momentum of sales going on right now, and the fact that in a small market like ours you sometimes have swings month to month in sales.
June Home Sales Jump
Lake Martin Lot Sales 2011
Lake Martin Real Estate Sales 2011 – Year In Review
Lake Martin Real Estate Sales 2010 – Lot Sales
Lake Martin Real Estate Sales 2010
Lake Martin Real Estate Sales 2009 – Year In Review
Lake Martin Real Estate Sales 2008 – Year In Review
Lake Martin Real Estate Sales 2007 – Year In Review
(*)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.