Lake Martin Residential 3rd Quarter Report - 2015
Lake Martin Residential 3rd Quarter Report - 2015 Quarterly Indicators Total Residential Sales Lake Martin residential sales for the third quarter of 2015 totaled 184 units, representing an increase of 34 transactions when compared to 150 units that were sold in the third quarter of 2014.
Recent Figures
vs. Last Year vs. 5-Yr Avg
3Q 3Q 3Q
2015 2014 10-'14
184 150 123
vs. Peak vs. Trough
3Q 3Q
2015 2000
182 67
Current Quarter
ACRE Commentary
3Q 3Q 3Q 3Q 3Q
2014 2013 2012 2011 2010
5- Year Avg: 3- Year Avg:
The median sales price in Lake Martin for the third quarter of 2015 was $290,000 a 10.1 percent increase from the third quarter of 2014's median selling price of $263,333.
Lake Martin 3Q: Total Residential Sales
22.7% 50.1% 1.1% 174.6%
190 170 150 130 110 90 67 70 50 30
Historical Home Sales
“Compared to historical data, third quarter sales are 49.5% above the 3-year quarterly average and 50.1% above the 5-year quarterly average."
Median Sales Price
Trends
3Q 3Q 3Q
Current Quarter
vs. Last Year vs. 5-Yr Avg
2015 2014 10-'14
184 140
125
Graph: 3Q: 2000-2015 (By quarter)
150 131 115 112 105 123 132
290,000 263,333 234,347
Lake Martin 3Q: Median Sales Price
10.1% 23.7%
305,000 265,000
290,000
288,333
285,000
254,167
245,000 225,000 205,000 185,000
Median Peak Trough
2015 2000
290,000 0.0% 123,300 135.2%
145,000 125,000 105,000
ACRE Commentary “Compared to historical data to the right, the third quarter median price is 23.09% above the 3-year quarterly average and 23.7% above the 5-year quarterly average."
Available Online: acre.culverhouse.ua.edu
178,000
165,000
3Q 3Q
Historical Median Selling Price
3Q
2014
263,333
3Q
2013
228,767
3Q
2012
214,667
3Q
2011
236,383
3Q 2010 5- Year Avg: 3- Year Avg:
228,583 234,347 235,589
Report compliments of:
ACRE Corporate Cabinet
123,300
Graph: 3Q: 2000-2015 (By quarter)
©ACRE 2015 Page 1 of 3
Quarterly Indicators Average Sales Prices The average selling price in Lake Martin for the third quarter of 2015 was $365,685 a 10.3 percent increase from the third quarter of 2014’s average selling price of $331,543.
Recent Figures Current Quarter
vs. Last Year vs. 5-Yr Avg
Trends Lake Martin 3Q: Average Selling Price
3Q 3Q
2015 2014
365,685 331,543
10.3%
580,000
3Q
10-'14
318,136
14.9%
530,000
513,876
480,000 430,000
365,685
380,000 330,000
Average Peak Trough
3Q 3Q
2008 2000
513,876 187,175
-28.8% 95.4%
280,000 230,000 180,000 130,000
Historical Average Selling Price
ACRE Commentary “Compared to historical data to the right, the third quarter average price is 17.8% above the 3-year quarterly average and 14.9% above the 5-year quarterly average."
3Q 3Q 3Q 3Q 3Q
2014 2013 2012 2011 2010
5-Year Avg: 3- Year Avg:
Days on Market (DOM) The average number of days on the market in the third quarter of 2015 was 186, representing an decrease of 3.0 percent from 192 days on market in the third quarter of 2014.
3Q 3Q 3Q
Current Quarter
vs. Last Year vs. 5-Yr Avg
2015 2014 10-'14
187,175
Graph: 3Q: 2000-2015 (By quarter)
331,543 318,444 280,600 314,816 345,276 318,136 310,196
186 192 208
Lake Martin 3Q: Average Days on Market
-3.0% -10.4%
250
265
230 210
186
190 170
DOM Peak Trough
ACRE Commentary “The 5-year DOM average (’10-’14) for the third quarter is 208 days, 22 days higher than current results. Compared to historical data to the right, the third quarter DOM is 10.4% below the 5-year quarterly average, and 12.6% below the 3-year average."
Available Online: acre.culverhouse.ua.edu
3Q 3Q
2000 2006
265 112
-29.7% 66.4%
Historical Average DOM
3Q 2014 3Q 2013 3Q 2012 3Q 2011 3Q 2010 5-Year Avg:
192 208 239 204 197 208
3-Year Avg:
213
Report compliments of:
ACRE Corporate Cabinet
150 130
112
Graph: 3Q: 2000-2015 (By quarter)
©ACRE 2015 Page 2 of 3
Quarterly Indicators
Recent Figures
Current Quarter Total Homes Listed for Sale vs. Last Year Lake Martin residential units available vs. 5-Yr Avg for sale in the third quarter of 2015 decreased by 104 units, when compared to the same period last year. Inventory Peak
Trough
Trends Lake Martin 3Q: Total Homes Listed
3Q 3Q 3Q
2015 2014 10-'14
496 600 614
-17.4% -19.3%
3Q 3Q
2008 2005
811 223
-38.8% 122.4%
811
860 760 660 560 460
496
360 260 160
ACRE Commentary
291
Historical Total Homes Listed
“The 5-year inventory average (’10-’14) for the third quarter is 614 units, 118 units higher than current results. Compared to historical data to the right, the number of homes listed for sale are 19.3% below the 5-year quarterly average, and 16.07% below the 3-year average."
3Q 2014 3Q 2013 3Q 2012 3Q 2011 3Q 2010 5-Year Avg: 3-Year Avg:
223
Graph: 3Q: 2000-2015
600 588 586 609 688 614 591
(By quarter)
Lake Martin 3Q: 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
3Q 3Q 3Q
2015 2014 10-'14
8.2 12.0 15.3
-31.6% -46.4%
3Q 3Q
2008 2005
23.8 5.1
-65.5% 61.1%
23.8
25.0 20.0 15.0 10.0 5.0
13.2 8.2
5.1
0.0
ACRE Commentary
Historical I/S Ratio
“Compared to historical data to the right, the third quarter months of supply is 39.7% below the 3-year quarterly average and 46.4% below the 5-year quarterly average."
3Q 3Q 3Q 3Q 3Q
2014 2013 2012 2011 2010
5-Year Avg: 3- Year Avg:
12.0 13.5 15.3 16.3 19.6
Graph: 3Q: 2000-2015 (By quarter)
15.3 13.6
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
3Q 3Q 3Q
2015 2014 10-'14
184 150 123
vs. Peak vs. Trough
3Q 3Q
2015 2000
182 67
Current Quarter
ACRE Commentary
3Q 3Q 3Q 3Q 3Q
2014 2013 2012 2011 2010
5- Year Avg: 3- Year Avg:
The median sales price in Lake Martin for the third quarter of 2015 was $290,000 a 10.1 percent increase from the third quarter of 2014's median selling price of $263,333.
Lake Martin 3Q: Total Residential Sales
22.7% 50.1% 1.1% 174.6%
190 170 150 130 110 90 67 70 50 30
Historical Home Sales
“Compared to historical data, third quarter sales are 49.5% above the 3-year quarterly average and 50.1% above the 5-year quarterly average."
Median Sales Price
Trends
3Q 3Q 3Q
Current Quarter
vs. Last Year vs. 5-Yr Avg
2015 2014 10-'14
184 140
125
Graph: 3Q: 2000-2015 (By quarter)
150 131 115 112 105 123 132
290,000 263,333 234,347
Lake Martin 3Q: Median Sales Price
10.1% 23.7%
305,000 265,000
290,000
288,333
285,000
254,167
245,000 225,000 205,000 185,000
Median Peak Trough
2015 2000
290,000 0.0% 123,300 135.2%
145,000 125,000 105,000
ACRE Commentary “Compared to historical data to the right, the third quarter median price is 23.09% above the 3-year quarterly average and 23.7% above the 5-year quarterly average."
Available Online: acre.culverhouse.ua.edu
178,000
165,000
3Q 3Q
Historical Median Selling Price
3Q
2014
263,333
3Q
2013
228,767
3Q
2012
214,667
3Q
2011
236,383
3Q 2010 5- Year Avg: 3- Year Avg:
228,583 234,347 235,589
Report compliments of:
ACRE Corporate Cabinet
123,300
Graph: 3Q: 2000-2015 (By quarter)
©ACRE 2015 Page 1 of 3
Quarterly Indicators Average Sales Prices The average selling price in Lake Martin for the third quarter of 2015 was $365,685 a 10.3 percent increase from the third quarter of 2014’s average selling price of $331,543.
Recent Figures Current Quarter
vs. Last Year vs. 5-Yr Avg
Trends Lake Martin 3Q: Average Selling Price
3Q 3Q
2015 2014
365,685 331,543
10.3%
580,000
3Q
10-'14
318,136
14.9%
530,000
513,876
480,000 430,000
365,685
380,000 330,000
Average Peak Trough
3Q 3Q
2008 2000
513,876 187,175
-28.8% 95.4%
280,000 230,000 180,000 130,000
Historical Average Selling Price
ACRE Commentary “Compared to historical data to the right, the third quarter average price is 17.8% above the 3-year quarterly average and 14.9% above the 5-year quarterly average."
3Q 3Q 3Q 3Q 3Q
2014 2013 2012 2011 2010
5-Year Avg: 3- Year Avg:
Days on Market (DOM) The average number of days on the market in the third quarter of 2015 was 186, representing an decrease of 3.0 percent from 192 days on market in the third quarter of 2014.
3Q 3Q 3Q
Current Quarter
vs. Last Year vs. 5-Yr Avg
2015 2014 10-'14
187,175
Graph: 3Q: 2000-2015 (By quarter)
331,543 318,444 280,600 314,816 345,276 318,136 310,196
186 192 208
Lake Martin 3Q: Average Days on Market
-3.0% -10.4%
250
265
230 210
186
190 170
DOM Peak Trough
ACRE Commentary “The 5-year DOM average (’10-’14) for the third quarter is 208 days, 22 days higher than current results. Compared to historical data to the right, the third quarter DOM is 10.4% below the 5-year quarterly average, and 12.6% below the 3-year average."
Available Online: acre.culverhouse.ua.edu
3Q 3Q
2000 2006
265 112
-29.7% 66.4%
Historical Average DOM
3Q 2014 3Q 2013 3Q 2012 3Q 2011 3Q 2010 5-Year Avg:
192 208 239 204 197 208
3-Year Avg:
213
Report compliments of:
ACRE Corporate Cabinet
150 130
112
Graph: 3Q: 2000-2015 (By quarter)
©ACRE 2015 Page 2 of 3
Quarterly Indicators
Recent Figures
Current Quarter Total Homes Listed for Sale vs. Last Year Lake Martin residential units available vs. 5-Yr Avg for sale in the third quarter of 2015 decreased by 104 units, when compared to the same period last year. Inventory Peak
Trough
Trends Lake Martin 3Q: Total Homes Listed
3Q 3Q 3Q
2015 2014 10-'14
496 600 614
-17.4% -19.3%
3Q 3Q
2008 2005
811 223
-38.8% 122.4%
811
860 760 660 560 460
496
360 260 160
ACRE Commentary
291
Historical Total Homes Listed
“The 5-year inventory average (’10-’14) for the third quarter is 614 units, 118 units higher than current results. Compared to historical data to the right, the number of homes listed for sale are 19.3% below the 5-year quarterly average, and 16.07% below the 3-year average."
3Q 2014 3Q 2013 3Q 2012 3Q 2011 3Q 2010 5-Year Avg: 3-Year Avg:
223
Graph: 3Q: 2000-2015
600 588 586 609 688 614 591
(By quarter)
Lake Martin 3Q: 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
3Q 3Q 3Q
2015 2014 10-'14
8.2 12.0 15.3
-31.6% -46.4%
3Q 3Q
2008 2005
23.8 5.1
-65.5% 61.1%
23.8
25.0 20.0 15.0 10.0 5.0
13.2 8.2
5.1
0.0
ACRE Commentary
Historical I/S Ratio
“Compared to historical data to the right, the third quarter months of supply is 39.7% below the 3-year quarterly average and 46.4% below the 5-year quarterly average."
3Q 3Q 3Q 3Q 3Q
2014 2013 2012 2011 2010
5-Year Avg: 3- Year Avg:
12.0 13.5 15.3 16.3 19.6
Graph: 3Q: 2000-2015 (By quarter)
15.3 13.6
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
