Real Estate Matchmaking & Market Update

Real Estate Matchmaking

In the last two weeks I have done two 3-way trades.  Now you may be asking “What in the world is a 3-way trade?”  One of the trades was a small condo owner who wanted a bigger condo; the bigger condo wanted to retire and move to home or villa and the home owner was ready to sell their lake access home and retire to Florida so they were fine with downsizing to a small condo temporarily.   This made me start thinking that there are a lot of people who own property at the lake that would like to do something different but need to sell what they currently own before moving forward.  I am attempting to prepare a spreadsheet of owners with properties  and I am continuously trying to match people and properties.  Trades are not easy but they do work.  If you currently own a property at the lake and are wanting something different please call me and let me put your information in the spreadsheet and see if I can match you up with someone else.  I currently have a spreadsheet of approximately 25 owners and the more that is available the more likely there will be a match.  

573.216.0553

conda@gotlake.com

 

Market Update

Residential units sold have stabilized while the average sales price has decreased by 14% from 2008 to 2012.  However, from 2011 to 2012 the average price increased slightly showing stabilization.  Condo units sold have decreased from 560 to 460 while the average sales price has decreased 22%.  This has mainly occurred due to the oversupply of new condos and the need to deplete inventory.  Now that inventory of new construction has been depleted we should begin to see the prices stabilize. 

Upcoming Events @ the Lake of the Ozarks: April

Lake of the Ozarks and its surrounding areas are home to many events throughout the spring and summer months.  Whether you are looking to hit the water or stay on land, there are all kinds of events to keep your family and friends entertained.  The lake is home to many attractions that always provide the best experiences and fun for all.  Below is a list of upcoming events that will be going on throughout the spring into to the summer.  If you see one that catches your eye, don't hesitate to pack a bag and make your way to the beautiful Lake of the Ozarks, Missouri...where views are always spectacular and fun is always awaiting.

Jacob's Cave Swapping Days - April 5-8This festival is quite the set up, with miles of crafts, animals, goods and a variety of other products.  It is a great way to spend a nice afternoon, with lots to browse and watch.  The festival is on North Highway 5 between Gravois Mills and Versailles.

62nd Annual Dogwood Festival - April 19-22
Another great festival during the month of April! This popular event has all kinds of entertainment throughout the weekend, anything from pageants to golfing to parades.  Come out and enjoy more unique crafts and delicious food, along with other events such as the Miss Dogwood pageants, golfing tournament, fish fry, carnival, parade, craft booths and more! Don't miss this family friendly event, hosted within the city of Camdenton.

River Bottom Motocross Spring National - April 16-17
If you have a need for speed, consider heading out to Crybaby Campground for an off road motorcycle race.  The event will begin at 9AM and end at 6PM, the campground is 5.5 miles down D Road in Kaiser, Missouri. 

In Water Boat Show - April 20-22
Come out and enjoy the first boat show of the season on the Lake of the Ozarks.  This event, which is hosted by the Lake of the Ozarks Marine Dealers Association, will feature a variety of boats such as cruisers, performance, and runabouts as well as personal water crafts.  The event will be going on all weekend.  The hours are: Friday, 1PM-7PM, Saturday, 10AM-7PM and Sunday, 10AM-4PM.

Midcoast Bike Run - April 28
If you have been looking for an opportunity to take your first ride of the season, look no further than the 28th of this month when Midcoast Bike Run hosts its annual poker run event.  With Harley Davidson as the starting line, this run includes stops at Surdyke Yamaha, Dog Days Bar and Grill, Seebold Sports, The Leatherman, Widdles Pub and Grill and the awards party hosted that night at 6PM at Bootleggers. All proceeds will help fund collegiate scholarships for local youth.   

Recent research conducted by the Tri County Lodging Association shows some interesting statistics regarding lake visitors.  1,790 interviews were conducted and 555 were considered converted vistitors which are visitors that requested information on Lake of the Ozarks and actually visited the lake between 7/1/2010 and 6/30/2011. Of those 43.8% were from Columbia, MO; 40.9% from Cedar Rapids, IA; 38.5% Milwakee, WI; 35.7% from Lincoln, NE; 23.2% Kansas City, MO; and 21.8% from St. Louis, MO.  87% of the visitors came from June through October and over 78% were adults without children.  73% of the visitors went shopping while at the lake; 40% went boating; 24%f went fishing, 16% played golf; 17% visited a State Park; and 14% went to a special event. 

Lake of the Ozarks Business Journal April, 2012 Vol. 8-Issue4

With interest rates at all time lows and average sales prices lower than they have been in years, it is a great time to buy.  If you have been wanting to buy a place at Lake of the Ozarks, it is a great time to buy your vacation home or condo or your future retirement home.  Go to http://www.condasells.com/ and see what is available.

It's a great time to start looking for property at Lake of the Ozarks.  Even though it is snowing and cold, stay in the warmth of your home and search the entire MLS to see what is available. Go to http://www.condasells.com/ and click on Search for Property and type in the criteria that is important to you.  Once you do this it will tell you how many homes match your criteria.  Then you must enter your name and phone number and you can view all homes.  The best part is you will be sent properties as they become available.  If you need help setting up your criteria eith call or email me at 573 216 0553 or conda@gotlake.com.  I am happy to help!!

It is very important to voice your support for Ameren's position of changing the contour line to 662. 

The e-mail should be sent to lake@ameren.com.  Below is a suggested e-mail that you can send:

Please accept this email as a letter of support for your proposed project boundary amendment to the 662 contour line along with proposed carve outs to be submitted to the Federal Energy Regulatory Commission.

If you are going to send a letter of support, please send it ASAP.

There are many varied opinions on this issue.  Ameren's opinion is that if we don't have support to make the change to the 662 this issue could drag on for a very long time.  Some residents are under the opinion that they want the contour line changed to the 660.  However, for this to happen Ameren basically has to start over which is going to cause the process to be much longer and leave many properties in trouble during the interim.