Comments on: This Man’s To Blame For Slow Lake Martin Market http://lakemartinvoice.com/2007/08/05/this-mans-to-blame-for-slow-lake-martin-market/ Just another realestatetomato.net weblog Fri, 05 Dec 2008 08:03:57 +0000 http://wordpress.org/?v=2.6.1 By: Lake Martin Voice » Blog Archive » 2007 Is Russell Lands’ 2nd Best Year On Lake Martin http://lakemartinvoice.com/2007/08/05/this-mans-to-blame-for-slow-lake-martin-market/#comment-1358 Lake Martin Voice » Blog Archive » 2007 Is Russell Lands’ 2nd Best Year On Lake Martin Tue, 17 Jun 2008 22:39:27 +0000 http://www.lakemartinvoice.com/2007/08/05/this-mans-to-blame-for-slow-lake-martin-market/#comment-1358 [...] number of Lake Martin waterfront sales declining in 2007, and that I think it is mostly related to over pricing by sellers. Does he disagree, or has he not figured that [...] [...] number of Lake Martin waterfront sales declining in 2007, and that I think it is mostly related to over pricing by sellers. Does he disagree, or has he not figured that [...]

]]> By: Lake Martin Voice » Blog Archive » Nobel Winners In Economics Say Buy Now On Lake Martin http://lakemartinvoice.com/2007/08/05/this-mans-to-blame-for-slow-lake-martin-market/#comment-344 Lake Martin Voice » Blog Archive » Nobel Winners In Economics Say Buy Now On Lake Martin Fri, 19 Oct 2007 02:23:48 +0000 http://www.lakemartinvoice.com/2007/08/05/this-mans-to-blame-for-slow-lake-martin-market/#comment-344 [...] Our old friend Adam Smith describes the theoretical world of free market capitalism, where buyers and sellers have perfect information.  If a seller has 100 widgets, he sells exactly 100 for his lowest price and has no one asking for more.  Exactly 100 buyers show up and buy them at their highest price, and no one walks away empty handed. [...] [...] Our old friend Adam Smith describes the theoretical world of free market capitalism, where buyers and sellers have perfect information.  If a seller has 100 widgets, he sells exactly 100 for his lowest price and has no one asking for more.  Exactly 100 buyers show up and buy them at their highest price, and no one walks away empty handed. [...]

]]> By: Lake Martin Voice » Blog Archive » To Predict Lake Martin Real Estate Market Cycle - Look West http://lakemartinvoice.com/2007/08/05/this-mans-to-blame-for-slow-lake-martin-market/#comment-300 Lake Martin Voice » Blog Archive » To Predict Lake Martin Real Estate Market Cycle - Look West Wed, 26 Sep 2007 03:56:07 +0000 http://www.lakemartinvoice.com/2007/08/05/this-mans-to-blame-for-slow-lake-martin-market/#comment-300 [...] Most Lake Martin real estate observers now recognize that the sellers’ market is over, because all real estate is local.  In fact, we are in a buyers’ market.  For those who are in doubt - a buyers’ market means that the buyers have the advantage - IT’S A GOOD TIME TO BUY. [...] [...] Most Lake Martin real estate observers now recognize that the sellers’ market is over, because all real estate is local.  In fact, we are in a buyers’ market.  For those who are in doubt - a buyers’ market means that the buyers have the advantage - IT’S A GOOD TIME TO BUY. [...]

]]> By: NM real estate http://lakemartinvoice.com/2007/08/05/this-mans-to-blame-for-slow-lake-martin-market/#comment-190 NM real estate Sat, 11 Aug 2007 21:11:01 +0000 http://www.lakemartinvoice.com/2007/08/05/this-mans-to-blame-for-slow-lake-martin-market/#comment-190 I have to agree with John, there is definitely a lack of fine dining/shopping in the Hwy 63 corridor. I have to agree with John, there is definitely a lack of fine dining/shopping in the Hwy 63 corridor.

]]> By: Toni Adcock http://lakemartinvoice.com/2007/08/05/this-mans-to-blame-for-slow-lake-martin-market/#comment-189 Toni Adcock Fri, 10 Aug 2007 13:33:40 +0000 http://www.lakemartinvoice.com/2007/08/05/this-mans-to-blame-for-slow-lake-martin-market/#comment-189 John - great post! And, while we have more inventory than ever before, it's not all that much considering the size of Lake Martin! John - great post! And, while we have more inventory than ever before, it’s not all that much considering the size of Lake Martin!

]]> By: John http://lakemartinvoice.com/2007/08/05/this-mans-to-blame-for-slow-lake-martin-market/#comment-186 John Thu, 09 Aug 2007 20:36:47 +0000 http://www.lakemartinvoice.com/2007/08/05/this-mans-to-blame-for-slow-lake-martin-market/#comment-186 Mike- Great points. My take is that in the short term (1 year or so) prices will stay about the same. I don't see any real upward pressure. Long term, though, I think they will continue to rise because Lake Martin is drawing from a larger and larger geographical area. That means we'll have more and more buyers, which will continue to bid prices up at a higher than normal rate. You're right - there is a lack of fine dining and shopping in the highway 63 corridor. That is why Russell Lands is building a retail village close to Winderemere Road. From what I understand it will have some cutesy shops, dining, and a upscale grocery. They have already started the dirt work and paving. I also hear that they may have a restaurant coming into the Ridge (near the Ridge Clubhouse) that will be of a regionally known fine dining quality. Does anyone else have a take on this? Mike- Great points. My take is that in the short term (1 year or so) prices will stay about the same. I don’t see any real upward pressure. Long term, though, I think they will continue to rise because Lake Martin is drawing from a larger and larger geographical area. That means we’ll have more and more buyers, which will continue to bid prices up at a higher than normal rate.

You’re right - there is a lack of fine dining and shopping in the highway 63 corridor. That is why Russell Lands is building a retail village close to Winderemere Road. From what I understand it will have some cutesy shops, dining, and a upscale grocery. They have already started the dirt work and paving. I also hear that they may have a restaurant coming into the Ridge (near the Ridge Clubhouse) that will be of a regionally known fine dining quality.

Does anyone else have a take on this?

]]> By: Mike http://lakemartinvoice.com/2007/08/05/this-mans-to-blame-for-slow-lake-martin-market/#comment-184 Mike Wed, 08 Aug 2007 18:29:53 +0000 http://www.lakemartinvoice.com/2007/08/05/this-mans-to-blame-for-slow-lake-martin-market/#comment-184 John, have lake prices gone about as high as they can go until some other lifestyle factors enter into attracting people who can afford a second home on the lake? I mean, Lake Martin is in the middle-of-nowhere rural Alabama (some of us like that about it). But even along the Hwy 63 area where some of the highest concentration of high dollar neighborhoods are (Trillium, Ridge, Windemere), there is almost nothing in the way of shops and restaurants. There has always been good places to eat around county rd 34 but nothing that would impress the rich. John, have lake prices gone about as high as they can go until some other lifestyle factors enter into attracting people who can afford a second home on the lake? I mean, Lake Martin is in the middle-of-nowhere rural Alabama (some of us like that about it). But even along the Hwy 63 area where some of the highest concentration of high dollar neighborhoods are (Trillium, Ridge, Windemere), there is almost nothing in the way of shops and restaurants. There has always been good places to eat around county rd 34 but nothing that would impress the rich.

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