A question I get every day is “What is the market like at the lake?”

I have been pretty busy : The Donna Schrimpf-Gum Team had 7 closings this weekend : ) , so I haven’t taken the time to crunch the numbers, but I am taking a break and here they are.

So far this year Prudential Lake of the Ozarks has closed $7,027,500 with 34 transactions. Last year at this time we had closed 19 transactions and $4,517,100 in volume. An increase of 15 transactions and $2,510,400 in sales!!! Our whole team is out there selling homes, condos and commercial properties. They are doing a GREAT job! And this is even with the 2 week shut down because of the late nasty snow storms!

But, you ask, where is the market headed?
Well, we have 24 deals pending and waiting to close, last year at this time we had 23. About the same. But….last years volume of pending was $6,195,250 and this years is $8,115,000. What does that mean? It means that the Buyers are not just picking up the bottom end. There are some higher priced properties starting to move. This is the best positive sign I have seen in the market at the lake for the past 3 years!  Sure, everybody wants a good deal and asks about foreclosures, but out of the 1,155 condos on the market today, how many do you think are foreclosures? Half?   200?   100?   50?   Try only 21 and of those 21, only 12 of those are waterfront! So though there may be a foreclosure mindset when starting their search, it can’t dominate the market.

I will talk about foreclosures more in a future post.

If you have any questions on the market at the lake, or want to see if it is the “right” time for you to buy or sell, please give me a call. 573-216-1051

I look forward to hearing from you!