While looking at the real estate market report for Lake of the Ozarks, Missouri – a premium lake destination in the midwest – one could see a steady hold in market prices for both single-family residences and condominiums. Accompanying the steady prices across the market, is an increase of available single-family homes, lasting about 100 days on the market, and a decrease in available condominiums, lasting a little less at 93 days.
Boasting over 1100 miles of shoreline, with technically more “coast” than California, this popular vacation spot seems to be attracting the majority of its potential customers from the surrounding areas, many within a 6 hours drive from Lake of the Ozarks. While many buyers looking in the area are hasty to jump the gun with their purchasing and are searching for “a deal”, sellers should keep in mind that, “pricing your home competitively always give you an edge”, says Nancy Rogers, owner of Lake Buy Realty.
Lake of the Ozarks is the best-kept secret for lakefront living. With a recent record sale of $3,350,000 US for a single family lakefront residence and a steady demand for the lakefront living lifestyle, the long term economy is looking good for the area.
Whether you’re buying or selling, the global marketplace for luxury real estate is always changing. We have analyzed the latest reports in luxury real estate to keep you up to date on current market trends in your area. This week’s Luxury Market Update for Lake of the Ozarks, Missouri has been provided by Nancy Rogers, owner of Lake Buy Realty.
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