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Looking for something to do this Labor Day weekend? Enjoy a day on Lake Martin..The Summer Concert Series comes to an end with another jammin' Labor Day Weekend concert. Join us Sunday, September 6, 2015. Gates open at 5:00 pm and the show starts at 6:00 pm. Bring everyone and enjoy the last big blowout of summer on the grassy Lawn at The AMP!
Lake Martin Amphitheater is located in Russell Lands On Lake Martin, in Central Alabama. It is governed by the Lake Martin Arts Council, a private 501(c)(3) non-profit corporation that was established to provide the Lake Martin area with entertainment, art and cultural events. Russell Lands is the founding and sustaining member of the LMAC.
Visit http://www.theamponlakemartin.com/events/labor-day-2015.html for more details and list of additional upcoming events.
Sales: Lake Martin Area* residential sales totaled 72 units in July, an increase in sales growth of 67.4 percent from the same period last year. Year-to-date sales through July are up 41.6 percent above 2014.
Forecast: July sales were 56.5 percent or 26 units above of our monthly forecast. ACRE's year-to-date sales forecast through July projected 287 closed transactions while the actual sales were 371 units, a cumulative variance of 29.3 percent.
Supply: The Lake Martin Area housing inventory in July was 511 units, a decrease of 17.6 percent from July 2014 and 37.0 percent below (this is good news) the month of July peak in 2008 (811 units). In addition, July inventory decreased by 5.5 percent from the prior month. This direction is consistent with historical data indicating that July inventory on average ('10-'14) increases from the month of June by 3.3 percent. There were 7.1 months of housing supply in July (6.0+/- months considered equilibrium in July NSA), a favorable decrease of 50.8 percent from last July's 14.4 months of supply.
Demand: As anticipated, residential sales slipped 8.9 percent from the prior month. This direction is consistent with seasonal patterns and historical data indicating July sales on average ('10-'14) decrease by 2.7 percent from the month of June.
Pricing: The Lake Martin Area median sales price in July was $250,000, a decrease of .8 percent from July 2014 but a 12.6 percent increase compared to the prior month. Historical data indicates that the July median sales price ('10-'14) typically decreases .1 percent from the month of June. Pricing can and will fluctuate from month-to-month due to changing composition of actual sales (lakefront vs non-lakefront) and the sample size of data (closed transactions) being subject to seasonal buying patterns. A broader lens as to pricing trends is appropriate and we highly recommend contacting a local real estate professional for additional market pricing information.
Industry Perspective: "Our housing forecast also remains largely unchanged, with leading housing indicators pointing to continued improvement heading into summer," said Doug Duncan, senior vice president and chief economist at Fannie Mae. We expect to see strong sales, lean inventories, and rising confidence through the rest of the year, which should support increased home building activity and give an added boost to economic growth." For full report, go HERE.
Click this link for Lake Martin "Waterfront Only" July 2015 Report. Our sister market article for June will be released next week.
*Lake Martin Area include Lake Martin (lakefront/non-lakefront homes), Alexander City, Dadeville and Horseshoe Bend.
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The Lake Martin Residential Monthly Report is work product developed in conjunction with the Lake Martin Area Association of REALTORS to better serve area consumers. The ACRE monthly report is provided to illustrate the "general" market direction & trends when comparing prior periods with the most current residential data available. Real estate is local and statistics will fluctuate between areas including lakefront and non-lakefront dwellings. ACRE recommends that you consult a local real estate professional for "specific" advice associated with your market.
Lake Martin Area Association of REALTORS® is your premier source for real estate on Lake Martin, Alabama. Lake Martin is located in east central Alabama about 40 miles northeast of Montgomery and approximately 115 miles southwest of Atlanta. This Alabama Power Company reservoir encompasses 44,000 acres and has more than 700 miles of shoreline.
The Alabama Center for Real Estate's core purpose is to advance the real estate industry in Alabama by providing relevant resources in the areas of research, education and outreach.
ACRE was founded by legislative act in 1996 due to the efforts of the Alabama Real Estate Commission, the Alabama Association of REALTORS and the Office of the Dean, UA Culverhouse College of Commerce to serve the State of Alabama real estate industry and the consumers it serves. ACRE is not a state-funded entity, rather its operates in part because of the goodwill & generosity of the ACRE Corporate Cabinet and our statewide ACRE Partners.
Date: August 28, 2015
Time: 7:00 PM
Auburn Soccer Complex
392 South Donahue Drive
Auburn, AL 36830
Auburn Soccer will host UAB on August 28 at 7 p.m. at the Auburn Soccer Complex. The game will be televised on the SEC Network. For more information or to purchase tickets, visit www.auburntigers.com.
Date: August 28, 2015
Time: 7:00 PM
AU Volleyball will host Stephen F. Austin at 12 p.m. at the Auburn Arena. For more information on the match or to purchase tickets, visit www.auburntigers.com.
Date: August 28, 2015
Time: 5:00 PM until 10:00 PM
John Emerald Distilling Co.
706 N. Railroad Avenue
Opelika, AL 36801
Drew Holcomb and The Neighbors with special guests Penny and Sparrow will be concert at the John Emerald Distilling Co. on August 28 from 5-10 p.m. All ages are welcome to come. There will be a street party in front of John Emerald Distillery and Red Clay Brewery. Drinks, cocktails and beer may be purchased inside the brwery and distillery and brought into the street. To purchase tickets, please visit http://www.eventbrite.com/e/drew-holcomb-and-the-neighbors-tickets-17036052291?aff=mcivte.
There are more Auburn Soccer and Volleyball games going on this weekend. Looking for something to do outdoors? Check out ...
Chewacla State Park, Auburn, AL
August 29, 2015
For more details check out http://www.aotourism.com/Calendar/
The folks at CENTURY 21 Koullas Realty wish you a great weekend here on The Plains!