Upcoming Events at the Lake of the Ozarks this Summer

Lake of the Ozarks was chosen by the readers of, USA Today & 10Best as the "Best Recreational Lake!" Below is a list of the events that will happen during the rest of the summer. If you see anything that looks like fun, then head on down to the Lake of the Ozarks.



Colt Ford at Pickleheads Roadhouse in Sunrise Beach, MO - July 2, 2016 at 9:00PM
Jason Farris Brown, known professionally as Colt Ford, is an American rapper, musician and songwriter.  This will be a concert fun for all ages with Colt Ford and special guest Lenny Cooper.  


Aqua Palooza at Dog Days - July 16,2016 from 12:00pm - 5:00PM
Everyone is invited to join in for an afternoon filled with boating, family, friends, games, prized and a free concert with live bands.


Dueling Dogs at Dog Days - August 5-7,2016
An exciting weekend with the most incredible canine competition.


Sonic Summer Nights at the Versailles Sonic Drive-In- 3rd Saturday Each Month
Join us each month with this exciting event.  This car show brings 100+ cars each month from all around the area.  The last show of the season is on September 17th and will be one to remember with everything from giveaways to a band to a firework show.


10th Annual Bikefest at the Lake of the Ozarks - September 15-18,2016
Missouri's largest bike event includes a Harley-Davidson giveaway, bike show, scenic rides, bike auction, concerts, vendor areas, and over 200 bars and restaurants.

Spring Newsletter

Gattermeir Davidson is Asking.......

Did you Know?

Lake Area Information

1. There are 86 listings for Marinas in the Lake Area!  This is a boating paradise!

2. We have 267 different Lake Area Restaurants for the food lover to enjoy.

3. Over 2,128 couples from around the world have exchanged vows in Bridal Cave!

4. The Factory Outlet Village is the largest outlet mall in the State of Missouri!

5. Last year, in April, the nation average for a gallon of gas was around $2.58 a gallon.  Now it is under $2.0 a gallon!!!  It make the trip here to the Lake of the Ozarks a lot less expensive -- so pack your bags!

Real Estate Fun.....

* In Scotland, home owners paint their front door RED when they pay off their mortgage!

* The White House has been valued at approximately $110 Million!

* In the United States, there are 5 times as many vacant houses as there are homeless people.

* When Apple was building a new data server in North Carolina, they paid one elderly couple $1.7 Million for one acre of land!  The couple purchased the property 34 years earlier for $6,000!

* There are people in the world who build entire houses just to annoy their neighbors.

All above statements are solely derived from an internet blog website.  Posted in January 2016 by Debbie Cohen.

Staging Your Home

Spring is not only a colorful season, but a fragrant one too.  Bring the aroma indoors.  Scents have a profound effect on mood, so infusing scent into your decor with diffusers, candles, fresh cut plants/flowers, or incense can change the overall feeling of a space.

(Staging tip from HGTV)

Real Estate In 2016 ….

More millennials want to buy homes between now and 2018. Just 65% of millennial–aged borrowers (ages 18 to 34) wanted to own a home in 2011, according to the real estate group, but now that number has increased to 80% for 2015, up from 78% in 2014. And one-third of those will want to buy in the next two years—Trulia.com

Conda's Fall Market Update 2013

Conda’s Market Update

Fall 2013

Helping Clients Achieve Their Real Estate Goals—

One Property at a time!

Although the market continues to be challenging it also is steadily improving.  The market update chart on the following page will show both units sold and average sales price for several categories of property.  The number of lakefront home sales increased by 20% while the Average sales price rose slightly by 5%.  Likewise, non-lakefront homes increased by 25% in volume but rose in average price by 25%.  The new condo sales and volume stayed steady while new condos continue to clear off the market.  Resale condo sales volume increased substantially by 30% while value fell slightly by 2%.  The villa market improved in volume by 43% and in average sales price by 12%.  Lakefront lots finally began to sell and increased by 93% while value increased by 58%.  Non-lakefront lots increased by 70% and value climbed by 61%.  Commercial property increased by 94% in volume and 34% in value while farms climbed 188% in volume and 20% in volume. If you would like to know what has happened with the value of your property send me an email and I will run a detailed analysis.

 

  Sales--January 1 thru September 30

                                  2011       2012      2013       +-

Lakefront Homes
	Total Transactions		434	508	521	20%
	Avg. Sales Price		$298,192	$275,176	$314,236	5%
Non-Lakefront Homes
	Total Transactions		474	519	592	25%
	Avg. Sales Price		$98,276	$112,623	$126,294	29%
New Condo Sales
	Total Transactions		51	39	52	2%
	Avg. Sales Price		$197,690	$206,953	$203,323	3%
Resale Conda Sales
	Total Transactions		311	375	404	30%
	Avg. Sales Price		$154,591	$147,252	$151,234	-2%
Villas
	Total Transactions		28	26	40	43%
	Avg. Sales Price		$240,881	$265,755	$270,017	12%
Lakefront Lots and Land
	Total Transactions		30	40	58	93%
	Avg. Sales Price		$112,003	$139,479	$176,581	58%
Non-Lakefront Land
	Total Transactions		79	89	134	70%
	Avg. Sales Price		$29,318	$44,552	$47,348	61%
Commercial
	Total Transactions		31	24	60	94%
	Avg. Sales Price		$178,544	$224,063	$238,828	34%
Farms
	Total Transactions		8	12	23	188%
	Avg. Sales Price		$210,788	$152,096	$252,771	20%

Data obtained from the Lake of the Ozarks MLS based on all property types from 01/01/2011 thru September 30, 2013

  Thank you to all of my real estate clients for a fabulous year! I am grateful for the beautiful area I live in, great friends and family, and wonderful clients.  If you need any specific real estate information don’t hesitate to call or email. I am always happy to help! If you want to check out what is available go to www.condasells.com and register.

Check out Lake Events at

www.funlake.com

or

www.lakeexpo.com

Conda Davidson, Broker

Decorative Concrete Can Really Spice Up Your Property Today!

Take a look at this awesome article that is very interesting on decorative concrete.  Decorative concrete is definitely a growing trend today and is being poured more and more every day! It sure does clean up nicely and looks great!  Take a look at this article that can help you learn all the benefits to having decorative concrete flooring in your property today!  Click the link below to read this informative article on decorative concrete! 

http://www.concreteflooringlakeozark.com/what-are-the-benefits-of-owning-a-decorative-concrete-floor

Looking For Something Fun & Neat To Read On This Rainy Day?

Take a look at this great article and learn how to spice up your house, condo, apartment, or even townhouse very inexpensively!  These are neat ideas that sound effective and fun all in one!

http://sunlitspaces.com/2013/03/23/8-inexpensive-ways-to-add-value-to-a-room/

Freddie Mac Predicts Healthiest Housing Spring Since 2007!! Take a look at this great article below for more information! Also I am becoming more social and just got a twitter account follow me today #CondaDavidson, or like my Facebook page @Conda Davidson Real Estate!  Hope everyone is enjoying this beautiful warm weather this weekend!! Summer is definitely on it's way! 

http://docuweb.docustar.com/53monthly_mailer/2013/03/retail/article1.html

Just click the link above for a great article!

REAL ESTATE FORECAST

Hope everyone is having a great 2013 so far! 

Attached is a recap of the past three years of the real estate market at Lake of the Ozarks broken down by categories. From all indications it appears we have hit the bottom and are headed in a positive direction. I have also included a summary of the national forecast over the next 2 years. While every market is unique most of the overall trends will probably apply to the lake market.

 

If you would like to take advantage of the great interest rates check out the properties that are available by logging into my web site at www.condasells.com. Or if you would like to consider selling your lake property, the inventories are very low. Feel free to call or email if you have any specific questions or comments or if you would like a market analysis of your property.

Thanks!

 

	Conda’s 2012 Recap

 

3 year Recap	2010	2011	2012
Total Sold Volume	$157,499,198	$172,720,400	$186,927,759
Total Sold Transactions	513	584	671
Average List Price	$335,419	$323,904	$298,883
Average Sold Price	$307,016	$295,754	$278,581
% of Avg. List Price vs. Avg. Sold Price	91.5%	91.3%	93.2%
Average Days on Market	170	176	173
# of Foreclosure Sales	51	56	44
All Homes not Lakefront
Total Sold Transactions	612	610	687
Total Sold Volume	$67,646,152	$59,746,375	$76,065,196
Average List Price	$118,204	$105,756	$118,151
Average Sold Price	$110,533	$97,945	$110,721
% of Avg. List Price vs. Avg. Sold Price	93.5%	92.6%	93.7%
Average Days on Market	133	146	153
# of Foreclosure Sales	232	230	217
Original Sale Condominiums
Total Sold Transactions	64	63	47
Total Sold Volume	$13,440,893	$12,453,534	$9,751,695
Average List Price	$209,927	$196,826	$202,746
Average Sold Price	$210,014	$197,675	$207,483
% of Avg. List Price vs. Avg. Sold Price	100.0%	100.4%	102.3%
Average Days on Market	452	528	215
# of Foreclosure Sales	5	0	4
Resale Condominiums
Total Sold Transactions	386	376	473
Total Sold Volume	$59,541,156	$57,813,805	$70,505,572
Average List Price	$164,025	$163,905	$157,217
Average Sold Price	$154,252	$153,760	$149,060
% of Avg. List Price vs. Avg. Sold Price	94.0%	93.8%	94.8%
Average Days on Market	168	172	172
# of Foreclosure Sales	54	34	33
Villas and Townhomes
Total Sold Transactions	19	40	37
Total Sold Volume	$5,964,580	$9,897,098	$9,782,620
Average List Price	$339,093	$263,661	$278,632
Average Sold Price	$313,925	$247,427	$264,395
% of Avg. List Price vs. Avg. Sold Price	92.6%	93.8%	94.9%
Average Days on Market	252	160	173
# of Foreclosure Sales	4	9	11
Lakefront Lots and Land
Total Sold Transactions	41	35	51
Total Sold Volume	$5,063,196	$3,792,500	$6,966,650
Average List Price	$153,287	$134,429	$166,230
Average Sold Price	$123,493	$108,357	$136,601
% of Avg. List Price vs. Avg. Sold Price	80.6%	80.6%	82.2%
Average Days on Market	183	192	201
# of Foreclosure Sales	4	8	8
All Non-Lakefront Land
Total Sold Transactions	129	99	124
Total Sold Volume	$6,481,194	$2,928,201	$5,012,179
Average List Price	$56,931	$38,763	$46,235
Average Sold Price	$50,242	$29,578	$40,421
% of Avg. List Price vs. Avg. Sold Price	88.3%	76.3%	87.4%
Average Days on Market	177	194	243
# of Foreclosure Sales	11	12	16
Commercial
Total Sold Transactions	33	39	36
Total Sold Volume	$11,317,151	$7,639,375	$7,086,500
Average List Price	$411,426	$239,640	$233,689
Average Sold Price	$342,944	$195,881	$196,847
% of Avg. List Price vs. Avg. Sold Price	83.4%	81.7%	84.2%
Average Days on Market	189	257	338
# of Foreclosure Sales	7	11	12
Farms
Total Sold Transactions	7	12	17
Total Sold Volume	$915,250	$3,577,200	$4,747,900
Average List Price	$142,521	$352,113	$307,565
Average Sold Price	$130,750	$298,100	$279,288
% of Avg. List Price vs. Avg. Sold Price	91.7%	84.7%	90.8%
Average Days on Market	88	213	209
# of Foreclosure Sales	1	1	2
Totals
Total Number of Transactions Sold	1,804	1,858	2,143
Total Sold Volume	$327,868,770	$330,568,488	$376,846,071
Total Foreclosures Sold	369	361	347

Data from Bagnell Dam Board of Realtors MLS

Homes

Market activity continues to improve at Lake of the Ozarks.  According to MLS data the total number of transactions  increased 19% since 2010 while the number of foreclosures dropped 6% during the same time frame showing market stability. 

Lakefront home sales volume increased by 30% while the average sales price declined by 9% from 2010 to 2012.  Non-lakefront homes sales volume increased slightly while average sales price remained steady.  The number of foreclosures for both waterfront and non-waterfront decreased slightly.

Condos

The number of original (new construction) condo unit sales decreased slightly showing that the over-supply is depleting.  The average sales price remained steady.  Resale condos unit sales increased substantially up 22% with the average sales price remaining relatively steady.

Villas/Townhomes

The number of villa/townhome units sold did increase but still remains a small number due to the limited number of units available.

Lots and Land

Lakefront lots increased in both transactions and average sales price while non-lakefront remained relatively steady.

Commercial

The number of commercial transactions remained steady while average sales price fell 43%.

Farms

Farms show the highest gain with number of transactions increasing 143% which is exaggerated due to the small quantity of sales.  The average sales price also increased substantially at 114%.

Overview

The total number of transactions across all categories increased by 19% while foreclosures decreased 6% from 2010 to 2012.  Low interest rates continue to drive the real estate market as buyers scramble to take advantage of low prices and low rates as the inventory continues to decrease.

What the Future Holds--Real Estate Forecast

According to the National Association of Realtor January/February 2013 issue, the real estate future looks bright. They are predicting that the average sales price will increase from $177,000 in 2012 to $193,000 in 2014; existing home sales will increase from 4.64 million to 5.3 million and housing starts will almost double.  Interest rates are predicted to increase from 3.7% to 4.8% while distressed sales will decrease from 25% of total sales to 8%.  In the commercial market vacancy rates are predicted to decrease and rental growth will almost double from 2011 to the end of 2013.

If you own property at the lake and would like a market analysis give me a call or send me an email and I will happy to send you comparative data that is more specific to your type of property.  Also, if you have property and you would like something different let me know so I can enter you in my property match spreadsheet.  I have a number of owners that want to move from a condo to a home or from a large home to smaller home or from smaller home to larger home.  I did complete several transactions where trading property was involved in 2012.  If you would like any property analyzed just give me a call.

Conda

5732160553

conda@gotlake.com