1. 2416 Total Sales, an Increase of 12% Over 2012
2. Sales Volume Increased 19% Over 2012
3. Waterfront Home Sales Are Up 14% in Volume Over 2012
4. Residential Foreclosure Sales Trends: 2011=24%, 2012=19%, 2013=17%
5. Average Prices Are Starting to Increase and Inventory is Still Declining
1. 2416 Total Sales, an Increase of 12% Over 2012
Buyers reflected a new level of confidence in real estate that we had
not seen in several years. Commercial activity increased substantially and condominium sales were solid, with almost an identical number of sales and volume as in 2012. Existing inventory continues to decline and properly priced listings experienced higher negotiated list to sell ratios on average than the previous year. We are optimistic about 2014!
Bed Bath & Beyond will be opening in the upcoming months in Lakeview Pointe Shopping Center in Osage Beach. The national home goods store will be joining Dick’s Sporting Goods and Dierbergs Market across from the outlet mall. What a great retailer for Lake of the Ozarks to have, for its excellent variety of housewares and decor. The affordable prices will appeal to both full time homeowners and second homeowners alike!
Awesome home in Kahala Estates in an ideal location by land & water. Large lakefront community pool, central water/sewer, paved street, kiddie land, street lights & lakeside firepit. Main level living w/fireplace, large kitchen w/granite, master bed & bath, tiled shower & jetted tub. Second suite downstairs, wet bar, storage, 2 laundry areas, great decks! Plenty of room for large dock. For price & virtual tour: www.KrantzProperties.com/3095154&s=lhc
At Krantz & Associates, we understand some of the reasons you hire us is for our marketing and knowledge of the luxury home market. This is why we hold the Certified Luxury Home Marketing Specialist® (CLHMS) Designation. Watch for the Certified Luxury Home Marketing Specialist® (CLHMS) designation and logo. This certification is an indicator of competency which signifies that the agent is a member in good standing of The Institute, has met education requirements, and has documented experience in the top 10% of their market.
As we all know, the winter months at the Lake of the Ozarks brings a completely different feel to our visitor dynamics than the summer. Swimming suits and open air dining is replaced with bundled up shoppers and crowded sports bars. This time of the year also brings reflection on the close to 2013 and goal setting and planning for change in 2014. During this time, many of our clients make decisions concerning their weekend time with family. Some will be deciding to upgrade to new lake front properties, while others will be in a downsizing mode. Regardless, this is a time for excellent opportunities for the sale of a current lake property and/or the purchase of a new one. Our market, similarly to other areas of the country, has experienced a marked decrease in the number of new listings this fall, thus shrinking our inventory for buyers. For example, we received 334 fewer new listings from September 1 through December 1 as compared to the previous months of June 1 through September 1. In the same time frames, our Multi-Listing service reported only 125 fewer sales. For sellers, this allows for less competition in the marketplace and will theoretically allow more buyers to view your home in their online search. The outcome can be a more timely sale of your property.
For buyers, winter purchases can also lead to excellent opportunities. Many times sellers feel as though the summer is over and “carrying” a property over the winter months is not an exciting prospect. Opportunities certainly exist for buyers as many property owners are more motivated to sell over the winter. In addition, should alterations or remodeling projects be needed with a new purchase, it is easier to obtain a contractor, and sometimes it will be less expensive during the winter. In short, winter sales and purchases can provide excellent opportunities for both buyers and sellers. If you would like additional facts and figures regarding selling or purchasing Lake of the Ozarks properties over the winter months, please don’t hesitate to contact us.
Kristi Crouch, Realtor® moved to the lake from Columbia, MO in 2004. Kristi and her husband owned and operated a multi-state travel company. Prior to her work in travel, Kristi held her real estate license assisting her mother in her real estate sales and property management businesses. Kristi graduated from William Woods College in 1992 with a degree in Business Administration and double minors in Equestrian Science and Legal Studies. When not involved in real estate transactions, Kristi is showing her Italian Greyhounds. Her dogs are consistently ranked in the top 10 in the nation.
Recently we have seen several “unique transactions” occur in the real estate market. Where many of these practices are not new in real estate transactions, they do seem to be on the rise here at the lake. Due to strict financing restrictions and individuals circumstances, “trades” have become more popular. They occur among luxury homes, farms, commercial property, and non-real estate items, such as boats or exotic cars. This may not be the best option for every buyer or seller, but it is another avenue. Each circumstance, and the ultimate goals differ for each party in the transaction. If you are thinking of buying and want to “move up” or selling and want to explore some creative options that might fit within your portfolio, this might be an option.
In the old days, everything shut down at the lake in the winter…restaurants, resorts, stores, and even the real estate market. The thought that real estate drastically slows or is nonexistent is still prevalent in the mind of some buyers. Is this true or just a myth?
Between November 2012 – March 2013:
Waterfront Residential Sales - There were 149 Sales with an Average Price of $294,312, that is 23% of 2012 Total Waterfront Residential Home Sales!
Condominium Sales - There were 110 Sales with an Average Price of $155,695, that is 21% of 2012 Total Condominium Sales!
Based on information from the Association of REALTORS® (alternatively, from the Bagnell Dam Association of REALTORS® MLS and Lake of the Ozarks Board of REALTORS® MLS) for the period 1/1/12 – 3/1/13. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market.
Many people believe that selling their home during the holidays can be a challenge. However, this can be one of the best times of the year to put a home on the market. Fireplaces and holiday decorations can create great photos to make your home look cozier! One of the best reasons though, is less competition. Many people put their home up for sale in the summer, leaving less competition during the holiday season and winter months. It is proven that serious buyers are still home shopping during this time of year.
As we look forward to the new year, we feel especially thankful for the blessings we have received in our lives and want to reach out to those not as fortunate. As we look back over 2013, the Krantz Team and RE/MAX Lake of the Ozarks, through their Charitable Foundation, made some substantial donations and provided many hours of volunteer work for our community. Some of the local organizations that we were involved with are Citizens Against Domestic Violence (CADV), Christmas for Kids, Candyland, and MOCHIP, which is a child identification and protection program. RE/MAX Lake of the Ozarks processed 102 children. Our annual holiday food drive collects food, necessities, and donations for 9 various charities in the lake area. We supported two larger organizations last year. We were a gold sponsor at the March of Dimes Chef Auction and our RE/MAX Team raised over $9,500 for Relay for Life to support the American Cancer Society. We hope to be even kinder and more generous to our neighbors, friends, and clients in 2014!