Lake Martin Residential 2nd Quarter Report
Lake Martin Residential 2nd Quarter Report - 2015 Quarterly Indicators Total Residential Sales Lake Martin residential sales for the second quarter of 2015 totaled 182 units, representing an increase of 47 transactions when compared to 135 units that were sold in the second quarter of 2014.
Recent Figures
vs. Last Year vs. 5-Yr Avg
2015 2014 10-'14
182 135 111
34.8% 64.6%
vs. Peak vs. Trough
2Q 2Q
2015 2000
182 61
198.4%
ACRE Commentary
0.0%
2Q 2Q 2Q 2Q 2Q
2014 2013 2012 2011 2010
2Q 2Q 2Q
Current Quarter
vs. Last Year vs. 5-Yr Avg
2015 2014 10-'14
182
190 170 150 130 110 90 61 70 50 30
Historical Home Sales
5- Year Avg: 3- Year Avg:
The median sales price in Lake Martin for the second quarter of 2015 was $221,500 a 5.0 percent decrease from the second quarter of 2014's median selling price of $233,157.
Lake Martin 2Q: Total Residential Sales
2Q 2Q 2Q
Current Quarter
“Compared to historical data, second quarter sales are 49.2% above the 3-year quarterly average and 64.6% above the 5-year quarterly average."
Median Sales Price
Trends
151 99
Graph: 2Q: 2000-2015 (By quarter)
135 120 111 97 90 111 122
221,500 233,157 236,010
Lake Martin 2Q: Median Sales Price
-5.0% -6.1%
288,667
305,000
270,000
285,000 265,000 245,000
221,500
225,000 205,000 185,000
Median Peak Trough
165,000
2Q 2Q
2006 2000
288,667 115,833
-23.3% 91.2%
145,000 125,000
115,833
165,800
105,000
ACRE Commentary “Compared to historical data to the right, the second quarter median price is 3.5% above the 3-year quarterly average and 6.1% below the 5-year quarterly average."
Available Online: acre.culverhouse.ua.edu
Historical Median Selling Price
2Q
2014
233,157
2Q
2013
219,333
2Q
2012
189,425
2Q
2011
270,000
2Q 2010 5- Year Avg: 3- Year Avg:
268,133 236,010 213,972
Report compliments of:
ACRE Corporate Cabinet
Graph: 2Q: 2000-2015 (By quarter)
©ACRE 2015 Page 1 of 3
Quarterly Indicators Average Sales Prices The average selling price in Lake Martin for the second quarter of 2015 was $321,298 a 9.6 percent increase from the second quarter of 2014’s average selling price of $293,171.
Recent Figures Current Quarter
vs. Last Year vs. 5-Yr Avg
Trends Lake Martin 2Q: Average Selling Price
2Q 2Q
2015 2014
321,298 293,171
9.6%
2Q
10-'14
302,819
6.1%
380,000
357,137 321,298
330,000 280,000
290,617
230,000
Average Peak Trough
2Q 2Q
2007 2001
357,137 -10.0% 156,361 105.5%
180,000
157,250
130,000
Historical Average Selling Price
ACRE Commentary “Compared to historical data to the right, the second quarter average price is 10.2% above the 3-year quarterly average and 6.1% above the 5-year quarterly average."
2Q 2Q 2Q 2Q 2Q
2014 2013 2012 2011 2010
5-Year Avg: 3- Year Avg:
Days on Market (DOM)
2Q 2Q 2Q
Current Quarter
vs. Last Year The average number of days on the market in the second quarter of 2015 was vs. 5-Yr Avg 205, representing an increase of 2.0 percent from 201 days on market in the second quarter of 2014.
2015 2014 10-'14
Graph: 2Q: 2000-2015 (By quarter)
293,171 290,617 290,553 334,818 304,938 302,819 291,447
205 201 209
Lake Martin 2Q: Average Days on Market
2.0% -1.9%
250
214
205
210 190 170
DOM Peak Trough
2Q 2Q
2012 2006
230 149
-11.0% 37.4%
Historical Average DOM
ACRE Commentary “The 5-year DOM average (’10-’14) for the second quarter is 209 days, 4 days higher than current results. Compared to historical data to the right, the second quarter DOM is 1.9% below the 5-year quarterly average, and 2.4% below the 3-year average."
Available Online: acre.culverhouse.ua.edu
230
230
2Q 2014 2Q 2013 2Q 2012 2Q 2011 2Q 2010 5-Year Avg:
201 199 230 214 199 209
3-Year Avg:
210
Report compliments of:
ACRE Corporate Cabinet
167
150 130
149
Graph: 2Q: 2000-2015 (By quarter)
©ACRE 2015 Page 2 of 3
Quarterly Indicators
Recent Figures
Total Homes Listed for Sale
Current Quarter
Lake Martin residential units available for sale in the second quarter of 2015 decreased by 48 units, when compared to the same period last year.
vs. Last Year vs. 5-Yr Avg Inventory Peak Trough
Trends Lake Martin 2Q: Total Homes Listed
2Q 2Q 2Q
2015 2014 10-'14
567 615 648
-7.8% -12.6%
2Q 2Q
2008 2005
786 232
-27.9% 144.3%
786
860 760 660
567
560
423
460 360 260
307 232
160
ACRE Commentary
Historical Total Homes Listed
“The 5-year inventory average (’10-’14) for the second quarter is 648 units, 81 units higher than current results. Compared to historical data to the right, the number of homes listed for sale are 12.6% below the 5-year quarterly average, and 8.5% below the 3-year average."
2Q 2014 2Q 2013 2Q 2012 2Q 2011 2Q 2010 5-Year Avg: 3-Year Avg:
Graph: 2Q: 2000-2015
615 627 618 654 728 648 620
(By quarter)
Lake Martin 2Q: Inventory to Sales Ratio
Inventory-to-Sales Ratio Definition: The quarterly average of inventory for sale divided by the current quarterly sales average equals the # of months of supply (Market considered to be in balance at approximately 6 months).
Current Quarter
vs. Last Year vs. 5-Yr Avg I/S Ratio Peak Trough
30.0
2Q 2Q 2Q
2015 2014 10-'14
9.9 13.7 18.1
-27.8% -45.5%
2Q 2Q
2008 2005
26.8 4.6
-63.2% 114.3%
20.0
10.0
0.0
ACRE Commentary
Historical I/S Ratio 2Q 2Q 2Q 2Q 2Q
2014 2013 2012 2011 2010
5-Year Avg: 3- Year Avg:
13.7 15.7 16.7 20.2 24.3
17.8
15.0
5.0
“Compared to historical data to the right, the second quarter months of supply is 35.3% below the 3-year quarterly average and 45.5% below the 5-year quarterly average."
26.8
25.0
9.9 4.6
Graph: 2Q: 2000-2015 (By quarter)
18.1 15.3
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 www.acre.cba.ua.edu.
Available Online: acre.culverhouse.ua.edu
Report compliments of:
ACRE Corporate Cabinet
©ACRE 2015 Page 3 of 3
Recent Figures
vs. Last Year vs. 5-Yr Avg
2015 2014 10-'14
182 135 111
34.8% 64.6%
vs. Peak vs. Trough
2Q 2Q
2015 2000
182 61
198.4%
ACRE Commentary
0.0%
2Q 2Q 2Q 2Q 2Q
2014 2013 2012 2011 2010
2Q 2Q 2Q
Current Quarter
vs. Last Year vs. 5-Yr Avg
2015 2014 10-'14
182
190 170 150 130 110 90 61 70 50 30
Historical Home Sales
5- Year Avg: 3- Year Avg:
The median sales price in Lake Martin for the second quarter of 2015 was $221,500 a 5.0 percent decrease from the second quarter of 2014's median selling price of $233,157.
Lake Martin 2Q: Total Residential Sales
2Q 2Q 2Q
Current Quarter
“Compared to historical data, second quarter sales are 49.2% above the 3-year quarterly average and 64.6% above the 5-year quarterly average."
Median Sales Price
Trends
151 99
Graph: 2Q: 2000-2015 (By quarter)
135 120 111 97 90 111 122
221,500 233,157 236,010
Lake Martin 2Q: Median Sales Price
-5.0% -6.1%
288,667
305,000
270,000
285,000 265,000 245,000
221,500
225,000 205,000 185,000
Median Peak Trough
165,000
2Q 2Q
2006 2000
288,667 115,833
-23.3% 91.2%
145,000 125,000
115,833
165,800
105,000
ACRE Commentary “Compared to historical data to the right, the second quarter median price is 3.5% above the 3-year quarterly average and 6.1% below the 5-year quarterly average."
Available Online: acre.culverhouse.ua.edu
Historical Median Selling Price
2Q
2014
233,157
2Q
2013
219,333
2Q
2012
189,425
2Q
2011
270,000
2Q 2010 5- Year Avg: 3- Year Avg:
268,133 236,010 213,972
Report compliments of:
ACRE Corporate Cabinet
Graph: 2Q: 2000-2015 (By quarter)
©ACRE 2015 Page 1 of 3
Quarterly Indicators Average Sales Prices The average selling price in Lake Martin for the second quarter of 2015 was $321,298 a 9.6 percent increase from the second quarter of 2014’s average selling price of $293,171.
Recent Figures Current Quarter
vs. Last Year vs. 5-Yr Avg
Trends Lake Martin 2Q: Average Selling Price
2Q 2Q
2015 2014
321,298 293,171
9.6%
2Q
10-'14
302,819
6.1%
380,000
357,137 321,298
330,000 280,000
290,617
230,000
Average Peak Trough
2Q 2Q
2007 2001
357,137 -10.0% 156,361 105.5%
180,000
157,250
130,000
Historical Average Selling Price
ACRE Commentary “Compared to historical data to the right, the second quarter average price is 10.2% above the 3-year quarterly average and 6.1% above the 5-year quarterly average."
2Q 2Q 2Q 2Q 2Q
2014 2013 2012 2011 2010
5-Year Avg: 3- Year Avg:
Days on Market (DOM)
2Q 2Q 2Q
Current Quarter
vs. Last Year The average number of days on the market in the second quarter of 2015 was vs. 5-Yr Avg 205, representing an increase of 2.0 percent from 201 days on market in the second quarter of 2014.
2015 2014 10-'14
Graph: 2Q: 2000-2015 (By quarter)
293,171 290,617 290,553 334,818 304,938 302,819 291,447
205 201 209
Lake Martin 2Q: Average Days on Market
2.0% -1.9%
250
214
205
210 190 170
DOM Peak Trough
2Q 2Q
2012 2006
230 149
-11.0% 37.4%
Historical Average DOM
ACRE Commentary “The 5-year DOM average (’10-’14) for the second quarter is 209 days, 4 days higher than current results. Compared to historical data to the right, the second quarter DOM is 1.9% below the 5-year quarterly average, and 2.4% below the 3-year average."
Available Online: acre.culverhouse.ua.edu
230
230
2Q 2014 2Q 2013 2Q 2012 2Q 2011 2Q 2010 5-Year Avg:
201 199 230 214 199 209
3-Year Avg:
210
Report compliments of:
ACRE Corporate Cabinet
167
150 130
149
Graph: 2Q: 2000-2015 (By quarter)
©ACRE 2015 Page 2 of 3
Quarterly Indicators
Recent Figures
Total Homes Listed for Sale
Current Quarter
Lake Martin residential units available for sale in the second quarter of 2015 decreased by 48 units, when compared to the same period last year.
vs. Last Year vs. 5-Yr Avg Inventory Peak Trough
Trends Lake Martin 2Q: Total Homes Listed
2Q 2Q 2Q
2015 2014 10-'14
567 615 648
-7.8% -12.6%
2Q 2Q
2008 2005
786 232
-27.9% 144.3%
786
860 760 660
567
560
423
460 360 260
307 232
160
ACRE Commentary
Historical Total Homes Listed
“The 5-year inventory average (’10-’14) for the second quarter is 648 units, 81 units higher than current results. Compared to historical data to the right, the number of homes listed for sale are 12.6% below the 5-year quarterly average, and 8.5% below the 3-year average."
2Q 2014 2Q 2013 2Q 2012 2Q 2011 2Q 2010 5-Year Avg: 3-Year Avg:
Graph: 2Q: 2000-2015
615 627 618 654 728 648 620
(By quarter)
Lake Martin 2Q: Inventory to Sales Ratio
Inventory-to-Sales Ratio Definition: The quarterly average of inventory for sale divided by the current quarterly sales average equals the # of months of supply (Market considered to be in balance at approximately 6 months).
Current Quarter
vs. Last Year vs. 5-Yr Avg I/S Ratio Peak Trough
30.0
2Q 2Q 2Q
2015 2014 10-'14
9.9 13.7 18.1
-27.8% -45.5%
2Q 2Q
2008 2005
26.8 4.6
-63.2% 114.3%
20.0
10.0
0.0
ACRE Commentary
Historical I/S Ratio 2Q 2Q 2Q 2Q 2Q
2014 2013 2012 2011 2010
5-Year Avg: 3- Year Avg:
13.7 15.7 16.7 20.2 24.3
17.8
15.0
5.0
“Compared to historical data to the right, the second quarter months of supply is 35.3% below the 3-year quarterly average and 45.5% below the 5-year quarterly average."
26.8
25.0
9.9 4.6
Graph: 2Q: 2000-2015 (By quarter)
18.1 15.3
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 www.acre.cba.ua.edu.
Available Online: acre.culverhouse.ua.edu
Report compliments of:
ACRE Corporate Cabinet
©ACRE 2015 Page 3 of 3
