Are you curious about waterfront condo sales at Lake Martin and wondering what are the top condominium complexes?

In this blog, I will talk about the condo market on Lake Martin in 2023. First, what are some stats about condo sales? For this analysis, I’ve included town homes, villas, and multi-family waterfront sales. When researching, we’ve learned in 2021, condos made up about 16% of the market. In 2022, condos made up about 21% of the market. So what happened in 2023? We’ve returned to about 16%.

Breakdown of Top Condo Sales by Bedrooms

What about the distribution? I get a lot of questions about this from condo sellers and buyers. What I found was that we had 2 one-bedroom sales, 14 two-bedroom sales, 19 three-bedroom sales, and 1 four-bedroom sale in 2023. This shows that most of your sales are going to be either two or three bedroom condos.

Breakdown of Top Condo Sales by Prices

The top condo sales price ranges. The two-bedroom condos went for about 399k to about 600k. The three-bedroom condos were about 376k to 765k, and we had that one four-bedroom sell for 629k. My rule of thumb for condos is if somebody says they would like a two-bedroom condo I would tell them it’s about low 400s. If they say they want a three-bedroom, then I would tell them it is about mid 600s. So, that is the rule of thumb if you’re considering either selling your condo or buying your condo.

Number of Sales by Condo Community on Lake Martin

So what condo complexes had the most sales? Well, the highest number came from Crown Point with 13 sales. The next was Stoneview Summit at 7. Harbor Pointe was third at 6. Then, Sunset Pointe was fourth with 5, and North Lake Condo Club at 2. If you know Lake Martin well, then you’ll notice that Harbor Pointe, Stoneview, and Sunset Pointe are all in the StillWaters neighborhood. Crown Point is outside StillWaters in Blue Creek. It’s near Martin Dam and Chuck’s. North Lake Condo Club is also outside StillWaters and is located on the Alexander City side of the lake. If you would like to know more about each side of Lake Martin, then you can download our free Lake Martin Voice App. This app lets you know what’s happening around the lake. 

In Conclusion

I wanted to kind of give you an idea of where all of these sales are happening. To know more about the condo market, you can click the video above. I make YouTube videos to help my clients, but I also make them to help you. If you like these videos, then please subscribe on YouTube. That’s the best no cost way to support the channel and lets me know that what I’m doing is giving value to you. If you own a condominium, villa, or town home in Lake Martin and you’re wondering what this data could mean for your value, then I’d love to help you figure that out. If you’re thinking about purchasing a condo, l’d love to help you out. I’m John Coley with Lake Martin Voice Realty. Give me a call, or you can use our Contact Page.