RE/MAX Lake of the Ozarks, a real estate team focusing on one of Missouri's most livable communities, recently held the 7th Annual Real Estate Symposium, which provided significant industry notes and insights. As in previous years, this event has attracted area lenders, appraisers, the media and others with a vested interest in real estate at the lake. Information presented was focused on Sales Trends, Changes in Property Values, Foreclosure Activity, Market Trends and Absorption Rates.
One of the most beautiful destinations in the State of Missouri is the Lake of the Ozarks. The Lake was developed during the construction of the Bagnell Dam, and embraces a shoreline expanding over 1,150 miles. Bringing people closer to the environment, the Lake of the Ozarks makes an excellent destination for activities involving the nature. Unsurprisingly, the Lake of the Ozarks real estate market is on a steady rise, and is offering excellent opportunities for buying and selling. After all, it proposes to be the home that makes boating, fishing, camping, and golfing possible for residents.
Total transactions on all property types through September 15th was down 2% frpm 2013 but up 29% since low in 2009.
There has been a 14% decline in new inventory through September 15th compared to new listings in 2010.
Market Absorption Rate through September 15 of each year:
2010 - 6,790 New Listings 1,287 Total Sales = 1 Sale out of 5.27 Listing
Number of Sales & Volume in 2014 is up 7% from 2011 on Residential Waterfront Homes through September 15th. The average Sold price is up 26% from 2011 on Residential Off-Water Homes through September 15th.
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