Friday, November 1, 2013

November Lake of the Ozarks Real Estate Update

A few month’s ago I touched on the activity Osage Beach’s Grand Glaize West End. Here’s an update on a couple of items I had discussed. The new owner/developers of The Hamptons on the Lake Condominium development have finalized their purchase. They are experiencing very good activity with several sales already in place and request for units in future buildings. They are in the process of planning the next building. The developers have a long successful track record on projects in other areas including Branson . The Towne Harbour Entertainment and Hospitality District project has been receiving a lot of press and its developers are poised to move forward as well. This development will be located in part on the former Kalfran Lodge property and will bring a variety of retail and commercial venues. We continue to see a slight increase in lot sales. There have been a total of 57 lakefront lot sales closed as of October 15th. Prices have ranged from $4,900 to $470,000 with a median price of $68,000. Camden County new home building permits totaled 32 at the end of July, this compares favorably against the previous three years totals for all 12 months at 47 in 2012, 34 in 2011 and 44 in 2010. Total number of properties sold in 2013 has risen 13% over 2012 and the average sales price has increased by 6.6%. Several new businesses have opened recently including Dick’s Sporting Good and the new Eagles Landing 8 Cine and I am hearing reports of other national franchises making commitments here at the lake. Several of my investment clientele are also reviewing demographics to determine whether to move forward in expanding their businesses to the Lake of the Ozarks area. Data has been obtained from the Lake of the Ozarks MLS based on all property type sales over the time frame from January 1, 2004 to October 28, 2013 and all other times represented in the data. This just a summary of sales here at the lake. If you would like a detailed sales report and value for your specific property type or neighborhood, or would like information on the best buys at the lake, contact C. Michael Elliott & Associates at 866.Your.Lake or You can view thousands of lake area listings with photos and virtual tours at You can also log your opinions on Michael’s real estate blog,