For us, the end of the summer real estate sales season is September 30. That is the latest date when the contracts written during the summer months close. Our fiscal year also ends on that date, so it is the perfect time for us to study the health of the market. An analysis of the numbers indicates that the waterfront market is very healthy.
Two freshly completed lake homes in Willow Glynn will provide the setting for their spook-a-licous unveiling. Constructed by one of Russell Lands On Lake Martin’s most prolific builders, Bob Harris of RLH Construction, “The Abby” and the “Riverside Cottage” will be open for your personal inspection. Chef Chris Doggett of Willow Point Golf & Country Club will be creating tasty bites and refreshments. Perhaps one of these b00-tiful new lake homes will cast a spell on you, and you’ll make it your own.
Ridge sales growth outpaces the market. Sales of waterfront real estate on Lake Martin over the last 12 months have been pretty brisk. But, in The Ridge, sales growth has far outpaced the lake-wide market. There are reasons why. When talking to new owners about the reasons for choosing The Ridge for their lake home, a variety of reasons are given. The top influencers in their final decision to purchase were split evenly along three topics: quality and control of architecture, the number and variety of amenities, and the location of The Ridge. A look at the numbers shows how powerful this combination really is.
Russell Cabins at The Ridge continues growth.
This new phase adds 18 new waterfront homesites to this already very popular and successful section of The Ridge. This peninsula is accessed via Thompson Road (subject to a name change) and has long provided sites for a collection of humble Russell rental cabins. The amount of land is larger than each of the first two phases allowing us to create some very special lakeside properties. The average lot size will be 1.94 acres of land with 280 feet of waterfront footage.
Bob Harris is in the final 30 days of construction on his newest waterfront home in Willow Glynn. This popular neighborhood near Willow Point has 40 lake homes either complete or under construction. Bob has been one of the most prolific builders in Willow Glynn—if not the most prolific—especially in the last three years.
Lots of people dream of owning a waterfront home on Lake Martin. This year, there seems to be more people looking to buy than there are lake homes to buy. So, they think they have to wait to see next year’s batch of listings. While waiting might make sense for some, we think next year’s supply will far short of demand. Start building now for your 2018 lake home.
Month-over-month comparisons can give you false sense of market health, but all key year-over-year metrics are up. Dollar volume is up, unit sales count is up, average sales price is up, median price is up – only inventory is down. If you are wondering if now is a good time to buy or sell, the answer is most definitely yes!
The response to Country Living magazine’s first-ever Lake House of the Year has been astounding! The Lake House of the Year has been open for tours since June 26, but your chance to see it firsthand is running short. Tours are available through this Sunday, July 9, 10am-5pm.
The demand for new lake homes in Russell Lands On Lake Martin neighborhoods has been astounding. With master craftsmanship in such a beautiful setting — and the ultimate lake lifestyle — it’s easy to see why. One of our approved builders, Bob Harris of RLH Construction, is getting started on yet another. The Hunter’s Lodge, […]