Lake Martin Waterfront Residential Report November 2018

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1 Lake Martin Waterfront Residential Report November 18 Monthly Indicators Recent Figures Trends Total Residential Sales Current Month November Lake Martin Waterfront residential* sales during the current month totaled 17 units, representing a decrease of 6 transactions *Residential = existing single family, condo, & new construction vs. Prior Month October % vs. Last Year November % vs. -Yr Avg November 13-' % vs. Peak November % vs. Trough November % Year to Date November % vs.prior Year November Lake Martin Waterfront: Total Residential Sales ACRE Commentary Historical Home Sales Graph: November Historical data indicates that November residential sales on November (By month) average ( 13-17) decrease.2 percent from October. The November current month's sales decreased 22.7 percent from the prior November 19 month." November November Year Avg: Year Avg: 18 Median Sales Price Current Month November 18 4,000 vs. Prior Month October , % vs. Last Year November , % vs. -Yr Avg November 13-'17 40, % The median sales price for waterfront homes on Lake Martin during the current month was $4,000, a 24.7 percent increase Year to Date November ,187 vs.prior Year November , % Median Peak November ,90 -.% Trough November 283, % $700,000 $60,000 $600,000 $0,000 $00,000 $40,000 $400,000 $30,000 $300,000 $0,000 $0,000 Lake Martin Waterfront: Median Sales Price, ,90 283,90 4,000 ACRE Commentary Historical Median Selling Price Graph: November Historical data indicates that November median sales prices November ,000 on average ( 13-17) increase 17.8 percent from October. The November 16 36,000 current month's median price increased 13.2 percent from the November 417,000 prior month." November ,00 November ,000 - Year Avg: 40, Year Avg: 406,333 Page 1 of

2 Monthly Indicators Recent Figures Trends Average Sales Prices Current Month November 18 89, vs. Prior Month October 18 1, % vs. Last Year November ,39-6.6% vs. -Yr Avg November 13-'17 48, % The average sales price for waterfront homes on Lake Martin during the current month was $89,, a 6.6 percent decrease Year to Date November 18 88,93 vs.prior Year November 17 43, % Average Peak November , % Trough November 273, 1.9% Lake Martin Waterfront: Average Sales Price $800, ,736 $700,000 89, $600,000 $00,000 $400, , $300,000 $0,000 ACRE Commentary Historical Average Selling Price Graph: November Historical data indicates that November average sales prices on average ( 13-17) decrease 24.3 percent from the previous month. The current month's average price increased 6.9 percent from the previous month." November ,39 November 16 7,003 November 273, November 14 34,648 November ,441 -Year Avg: 48, Year Avg: 487,6 Days on Market (DOM) Current Month November The average number of days on the market during the current month was 140, a decrease of 38 days from one year ago. vs. Prior Month October % vs. Last Year November % vs. -Yr Avg November 13-' % Year to Date November 18 0 vs.prior Year November % Lake Martin Waterfront: Average Days on Market ACRE Commentary Historical Average DOM Graph: November "The -year DOM average for November is 232 days, which is 92 days above current results. DOM is anticipated to remain within the current range (1-180 days) for the forseeable future." November November November 19 November 14 8 November Year Avg: 232 Page 2 of

3 Monthly Indicators Recent Figures Trends Total Units Listed for Sale Current Month November Lake Martin Waterfront residential units available for sale during the current month increased by 37 units vs. Prior Month October % vs. Last Year November % vs. -Yr Avg November 13-' % Inventory Peak November % Trough November % Lake Martin Waterfront: Total Homes Listed ACRE Commentary Historical data indicates that November inventory on average ( 13-17) decreases 8.9 percent from the previous month. The current month's inventory decreased.7 percent from last month's total of 189 listings. Historical Total Units Listed Graph: November November November November 8 November November Year Avg: 0 Inventory-to-Sales Ratio The inventory for sale divided by the current monthly sales volume equals the # of months of supply (Market considered to be in balance at approximately 6 months). Lake Martin's waterfront currently has 13.3 months of supply, up from 8.2 months of supply one year ago. Current Month November vs. Prior Month October % vs. Last Year November % vs. -Yr Avg November 13-' % I/S Ratio Peak November % Trough November % Lake Martin Waterfront: Months of Supply ACRE Commentary Historical I/S Ratio Graph: November "November's 13.3 months of supply is.1 percent below the -year average of 14.8 months of supply. Lake Martin waterfront's inventory-tosales ratio is 7.3 months above equilibrium, indicating a continued transition where buyers typically have slightly elevated bargaining power." November November November 13.6 November November Year Avg: Year Avg: 13.1 NOTE: This representation is based in whole or in part on data supplied by the reporting boards/associations of REALTORS or their Multiple Listing Service. The Alabama Center for Real Estate does not guarantee and is in no way responsible for its accuracy. Any Market data maintained by the Center does not necessarily include information on listings not published at the request of the seller, listings of brokers who are not members of a local board/association or MLS, unlisted properties, rental properties, etc. The statistics included in this report reflect the residential sales of houses, condominiums, and town homes. Historical Monthly Housing Statistics are available on the web at Alabama Center for Real Estate's homepage - Page 3 of

4 Lake Martin Waterfront Sales and Inventory Sales Inventory Lake Martin Waterfront Sales Lake Martin Waterfront Inventory Historical Lake Martin Waterfront Sales and Inventory Sales Inventory Lake Martin Waterfront Sales Lake Martin Waterfront Inventory Page 4 of

5 Average Days on Market and Median Sales Price Average DOM , , ,000 00, , , ,000 Lake Martin Waterfront Average DOM Lake Martin Median Sales Price This report is compiled and brought to you by ACRE Research. You should not treat any information expressed in ACRE Reports as a specific inducement to make a particular investment or follow a particular strategy. The Alabama Center for Real Estate (ACRE) and/or its partners/work product sponsors does not guarantee and is not responsible for the accuracy or completeness of information, and provides said information without warranties of any kind. All information presented herein is intended and should be used for educational purposes only. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. All investments involve some degree of risk. ACRE will not be liable for any loss or damage caused by your reliance on information contained in ACRE Reports. Page of