Osage Beach is located on the East side of the Lake of the Ozarks area. It’s commercial growth is extensive and is getting larger day by day! New restaurants like Applebee’s, Chili’s, Panera Bread, The Pasta House, Outback, and Bandana’s BBQ, are entering in. There is enough shopping to fill all of your needs from groceries to swimsuits, it is all here. Try Hy-Vee, Wal-Mart, Lowe’s, Home Depot, Marshall’s, Target, or the Osage Beach Factory Outlet Village Mall. Then there are the new shopping centers that are beginning planning and dirt work stages. A completely new Lake Ozark, with the extension of HorseShoe Bend Parkway. Prewitt development is in the middle of excavation on the North end of Osage Beach along Hwy 54 and the current junction of Bus. Hwy 54. Raul Walters is developing a new center next to Randy’s Custard where the original Wal-Mart center was. Word is it is all being torn down.
The Hwy 54 by pass is well under way in Osage Beach. It starts with the junction of HorseShoe Bend Parkway (HH). This will be the new main entrance to Lake Ozark and HorseShoe Bend and Four Seasons. Then the by pass travels on the East side of the current highway until it crosses over at what was the Walnut Bowl store. It goes behind Stone Crest Mall until it goes under the current road by McDonald’s and then goes behind Wal-Mart and the Outlet Mall, crossing over the lake on the current Grand Glaize Bridge. Here it goes over top of what is now The Potted Steer and stays on the West of the current road until it rejoins it on the south end of Osage Beach.
You can take a look at the Highway Plan through Osage Beach.
This boom in business is bringing the same boom in real estate. Lakefront homes remain the staple of the real estate business at the lake, but what is the market doing?
Currently there are 2584 homes on the market in the Bagnell Dam and Lake of the Ozarks Multi-List systems (MLS). This gives us an Absorption Rate of 8.53%. The average list price is $348,194 and the average Days On the Market (DOM) is 161. How does this compare to last year? Well at this time last year the average DOM was 121, and the asked to sold ratio has gone from 96% down to 93%. The average sales price has actually gonedown slightly to $233,797.
Those are the numbers, but what does it mean? It means that in our 25+ years of selling Real Estate at the Lake of the Ozarks, NOW is one of the very best times for a Buyer to Buy! Properties are sitting on the market longer, interest rates are low and selling prices are a little soft. There are lots of Buyers sitting on the sideline trying to figure out when we have reached the bottom of the market. If something newsworthy happens and everyone decides the bottom has been reached, the market will be flooded with buyers all at the same time, making finding the best home for the best price that much more difficult. Right now there is ample inventory to choose from and it is a Buyer’s Market. Dont’ wait for that to change. It could literally cost you thousands!
Lake of the Ozarks Real Estate – Visit www.realestateatlakeoftheozarks.com, www.DemandDonna.com , or www.lakecondohotline.com to find real estate in the Lake of the Ozarks, Missouri area. Find Ozarks homes and real estate for sale here.