Name:   InvestmentGuy - Subject:   For Sale: Parker Creek Date:   7/21/2014 1:38:31 PM

Bought lake place last year on the Dadeville side of lake off Turner Road after looking for nearly a year.  IMO, tough to say why some places sell faster than others; while others sit for years.  Lake Martin area is a very strange real estate market; everone's criteria for a lake place is so different.  Talked with many of the so called real estate experts on Lake Martin in our search process; found very few of them to be true experts.  IMO, still very much a buyers market up here; still tough to be a seller.  While number of units seem to be moving better, i feel pricing for the average unit is still in the tank.  Homes still seem to be selling for about 91% to 93% of asking price, with initial offers around the 90% level not being uncommon.  Again, this can vary by property.  Inventory levels may be down from one,two, and three year ago levels; but much shadow inventory wants to come onto the market; pricing still keeping many off of the market. 

While many real estate professionals say the water setup is the most important (it ranked very high in my 10 criteria I used in my search), it was strange to see the recent House Hunters tv show highlighting a couple's desire to purchase a lake house focus so much on the house rather than the water setup here on Lake Martin.

Just my casual real estate observations and opinions from a non-real estate guy.

PS:  My Real Estate thought for the day to the Real Estate Community:  Constant suggested price cutting is not a marketing strategy!  Owners, you cannot cut your way to prosperity! 

Have a good day and god bless everyone.