Third Quarter Sales; Recovery Continues
Buyer interest is still high
and we are experiencing a continuance of the strong fall market.
Inventory continues to drop and as excitement builds in seeing ongoing
relief in the market recovery; the inventory of accurately priced homes is in
even greater demand.
Residential building permits in Camden County made a huge jump to 70 so
far this year from 32 in 2014. Information is based on reports from Camden
County with data available thru September 30, 2015.
Total 3rd quarter sales this year stand at 2,042. This is approximately 9% over the last year
at the same time, 2014 total sales were 1,870.
However, we show a healthy increase of 25% over 3 years ago in 2012 when
total sales where at 1,633. Recovery is looking better every year.
Sales Activity has steadily increased over the last four years in Residential
Lakefront, Condominium’s & Homes over a Million. Residential lakefront
& offshore homes rose 9% over 2014 and Condominiums rose 12%. This year 44
waterfront lots have sold, about the same as 2014 but the dollar amount almost
doubled – higher end lots are selling. 136 Offshore lots have sold this year so
far, 17% more than 2014’s 3rd quarter sales of 116. Farm sales went
up this year by 42% with total sales so far at 17 whereas 2014 saw sales of
just 12.
Commercial movement continues to increase. Some current construction in the works includes
the planning of a new waterfront hotel and event space near the KK &
Business 54 Intersection, a much needed potential revenue for the Westside Osage
Beach economy including up to 300 possible jobs. 55 commercial sales have
closed so far this year with an additional 10 properties under contract. This is an increase of 16% over 2014 and a
huge 150% increase over 2012 commercial sales.
This year the luxury home market continues to grow with 19 homes priced over
a million sold and 5 under contract so far in 2015, the same amount sold last
year at this time but the selling dollar volume was 14% higher this year. In 2012 only 6 lakefront homes were sold over
the $1 million mark and 14 sold in 2013, a huge 156% increase. If you would like to view homes that are
available at $1 million and up, you can visit my website at www.LakeMansions.com
Sales data was obtained from the Bagnell Dam and Lake of the Ozarks
Board of Realtors MLS from January 1, 2012 through September 30th, 2015.
Michael
has been selling real estate at the Lake of the Ozarks since 1981. He is one of the most respected brokers in
the area. If you would like to work with
Michael in the sale or purchase of property, contact him at 573.365.SOLD or cme@yourlake.com View thousands of lake area listings at www.YourLake.com $1 million
plus homes at www.LakeMansions.com You can also view each months’ article, ask
questions and offer your opinion on Michael’s real estate blog, www.AsTheLakeChurns.com
