June 2013

RE/MAX Lake of the Ozarks sponsors a Relay for Life team, a fundraising platform for the American Cancer Society. 

CC _1 To date we have raised approximately $3,500 and July 6th, we are planning a grand fundraiser at Bootleggers Sports Book and Grill. Candy Coburn will be performing and there will be an auction, and wine pull to benefit the organization. General admission tickets are $20 and 50% of the ticket proceeds go to the American  Cancer Society. Events of the evening include a meet and greet with Candy from  5 – 6pm, a silent auction from 6 – 7:30pm, and the concert starts at 8pm.  Tickets are available at Bootleggers and RE/MAX Lake of the Ozarks.

Another upscale grocery store grand opening took place

Woods  Supermarket was welcomed by local and state officials, along with the community  at the ribbon cutting ceremony in Sunrise Beach.  The Woods family as well  as the company’s CEO, Craig Easter and executive team attended the event.  Grand opening specials will be offered through July 2, and a pontoon boat will  be given away on June 29.  The store is 53,540 sq. ft and features a gas  station, BBQ smokehouse with in-season patio dining, a full deli, bakery and  meat counter, large produce and liquor departments, and full service pharmacy.  Building the supermarket supported 150 construction jobs, and 60 new permanent  jobs have been created by the store.

Luxury Home Market

Recently  we have seen several “unique transactions” occur in the Luxury Home Market.  Where many of these practices are not new in dealing in real  estate transactions, they do seem to be on the rise here at the lake.

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Due to strict financing restrictions and individuals circumstances,  “trades” have become more popular.  Not just with luxury homes at  Lake of the Ozarks,  but with farms, commercial property, and other luxury 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.  Stunning  estate with approx. an acre lot on with 2 additional adjoining lots  available. Home finished with detail rarely seen in homes twice this  price,including extensive landscaping with hand-laid stone waterfalls. The  heated pool is totally unique, not clorine, not salt, but an EcoSmart  system. Home offers not only 6 bedroom suites, but also a private home  gym, office/library, gourmet kitchen with butler pantry…the list is too  long to include everything! An unbelievable value for one savvy buyer.  $1,775,000

The  sellers are willing to look at various trades with buyers on this home!  They may consider a boat, RV, farm, parcels, commercial real estate, a smaller lake home, or condo. Please contact our office for more details.

More  Recognition for the Lake! 

In the  June/July issue of Boat U.S., Lake of the Ozarks was mentioned.  Camdenton  was named in the featured article, 10 Great  Boating Towns: To Retire + Play + Thrive! The magazine suggests ten cities and  small towns across America that are good areas for boating and offer good  opportunities for active boaters about to retire.  Among some of the ten  cities chosen were trendy big small-town, Portland, OR to the lively city on a  bay Portland, ME, as well as waterfront metropolis on the Pacific, San Diego,  CA.

Fast Facts  on Camdenton, MO:

Population:  3,800
Fishing: Largemouth bass, crappie, catfish, spoonbill
Boating  Season: Mid-May through mid-October
Boat  Amenities: 27 marinas on Lake of the Ozarks, some with repair facilities
Cost of  Living: 10.2% below the national average
Taxes:  1.5%-6% state income tax rate; 7.475% combined state and local sales taxes; no  state inheritance tax or estate tax
Median  Home Price: $177,500
Nearest  Major Hospital: Lake Regional Health System
Airports:  Regional: Columbia Regional Airport (80 miles), Springfield-Branson National
Airport (90 miles) | Major: St. Louis International Airport (165 miles), Kansas
City International Airport (198 miles)

The Lake  is not unlike other areas in its Vacation Home Sale Trends: 

Home  prices nationally have risen at their fastest annual rate in seven years, with  some communities seeing double-digit price gains as buyers compete for a thin  supply of properties. Many vacation-home markets, though, are recovering at a  slower pace and the choices for buyers remain plentiful, say real-estate  experts.  Adam Widener, an investment analyst in New York, this month paid  $580,000 for a 1,700-square-foot house in Southampton, N.Y., that first came on  the market in March 2007 priced at $895,000.  “You’re never going to  time the market exactly right,” says Mr. Widener, who looked at about 20  homes over a five-month period. “What you want to see in front of you is  that prices are starting to appreciate and the worst is behind you.”  As the economy recovers, second-home markets are improving, with vacation-home  sales up 10% in 2012 after falling 56% between 2006 and 2010, according to the  National Association of Realtors, a Washington trade group. But the pace of  increase is well below the 17% gain in sales of primary homes last year.  One reason: Buying a second home is a luxury. “A vacation home is the  ultimate discretionary purchase,” says Paul Bishop, vice president of  research at the Realtors group.  Nor are vacation properties likely to  attract the attention of hedge funds and other investors that have scooped up  bargain-priced homes in many markets and turned them into rentals, winnowing  inventories and helping push prices higher.   Owners sometimes rent  out vacation homes, but they are primarily purchased for personal use, unlike  investment properties. Most investment properties are in urban or suburban areas and are rented out full-time as primary residences.  The median sales price  for a vacation home was $150,000 last year, according to the Realtors group.   That is up 24% from 2011, reflecting more sales of higher-priced properties, but  well below the peak of $204,100 in 2005.  While some second-home markets  are likely to recover more quickly than others, “the fundamentals would  argue for a good market for the foreseeable future,” says Mark Zandi, chief  economist at Moody’s MCO +0.58% Analytics. He expects prices for second homes to  increase by 6% a year for the next five years, on average, compared with a 4%  annual increase for primary homes.  “I think the high end of the  market is going to take off because high-income households are in really good  financial shape and they are in the part of their life cycle where they want  second homes,” Mr. Zandi says.  Meanwhile, rates on conforming 30-year  fixed-rate mortgages now average 3.78%, near record lows, according to HSH.com,  a mortgage-information website in Riverdale, N.J. Terms vary lender to lender,  but in some cases, second-home buyers might face higher costs than those buying  a primary residence.  To get the best deal on a second home, you will want  to take a close look at the local market.  Our market here at the lake is  similar to other parts of the country in that our inventories are declining and  we are seeing a steady increase in number of sales.  Values are still  relatively flat but all indicators show that we are well past the bottom and  moving towards transitioning back to a sellers market and appreciating property  values within the next few years.  We would love the opportunity to share  these market statistics with you whether you are in the market to sell or buy!

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