Lake Martin waterfront sales surged in July.The Lake Martin MLS* shows 15 closed sales in July, up from 7 in June, and 36% greater than July 2007 sales of 11.
Is this the rally point Lake Martin sellers have been praying for? Will this surge carry into August and the fall? Only time will tell.
Buyers of Lake Martin real estate don't need to worry, there are plenty of properties still for sale. Even though the number of waterfront homes sold rose, so did the "active listings" aka homes that are "For Sale" rose also. The active listings in July 2008 was 527 as compared to 510 in June 2008.
FOR MORE GRAPHS AND INFO, please go to my blog LAKE MARTIN VOICE
The numbers confirm what we all felt in our guts - according to the Lake Martin Multiple Listing Service - in the second quarter of 2008, sales were down compared to 2007. Also, just as importantly, the number of active listings was up, therefore keeping a lot of pressure on sellers.

If you recall, in 2007 by June we really had a pretty good idea that we were in for a miserable drought. I would have thought that meant June 07 waterfront sales would be a lot lower than 2008 (drought tempered). But I was wrong. The year to date numbers get even uglier......
CLICK HERE TO READ THE ENTIRE POST ON MY BLOG'S HOME - Lake Martin Voice.com
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved