Lake Real Estate – Quarterly MLS Numbers Are In!

Greetings from the Krantz Office!  As promised, here is our update to you with what is happening with our Lake Real Estate Market.  The link below compares 2010 sales for the year with the sales over the last four years.

We recently attended a conference for Top Real Estate Agents in the Mid-West in Branson, MO.  All the speakers concurred that our market today is the same as last year and will most likely be the same next year.  

The most important thing to compare is total sales in the MLS for 2007 versus 2010.  As you can see we have almost ½ as many buyers now and are selling only ½ the amount of property as we did in 2007.

With this being said is the Glass Half Full or is the Glass Half Empty?

With the Glass Half Full

  • Property is selling at the Lake. 
  • Interest rates are at historical lows and probably won’t move significantly higher in 2010.
  • It’s a great time to be a buyer at the Lake.  Whether buying for the first time at the Lake of the Ozarks or moving up.

With the Glass Half Empty

  • The buyers expect more for their money and demand an attractive price, or they are fully prepared to wait for “something else that comes along.” There is simply no motivation on the part of the buyers to purchase today.

In conclusion, we can tell you this.  We are all in this market together.  Even within our office, several of us have been sellers and buyers in this market.  We have experienced the thrill of the deal and have also brought money to closing, to get the property sold!

Click link below to view the graph or get a printable version: http://www.krantzproperties.com/mls-report.aspx

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