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Archive for December, 2008

31st Dec 2008

Spring Forward, Fall Back!

  January 2009 Every year, there seems to be a “popular” price range when buyers are looking for property at Lake Martin.  In 2008, the magic number averaged between $300K and $400K.  Often that price range was not realistic for buyers’ needs and wants – and they spent more.  It will be interesting to see what price ranges folks shop for in 2009.  In the meantime, here are some statistics from the Lake Martin Area Association of REALTORS® Multiple Listing Service:

In 2008, 131 waterfront homes sold on Lake Martin:
Under $500K – 65 sales
$500K to $1M – 36 sales
Over $1M – 24 sales
** 6 sales did not publish the price

Today, 382 waterfront homes are for sale on Lake Martin:
 Under $500K – 188
$500K to $1M – 135
Over $1M – 59

For those thinking of purchasing waterfront property at Lake Martin, things couldn’t be much better.  There are many places to choose from, interest rates are really low, and sellers are a bit more likely to negotiate.  If you don’t have a REALTOR®, find one!  Don’t miss out on a terrific opportunity to own a little piece of heaven at Lake Martin.

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