1st Quarter Market Update

The Lake of the Ozarks has seen positive real estate market trends in the first quarter of 2014. For the first quarter we are seeing an increased number of homes sold in the water front homes segment. However, the average price of these homes is down 20% in first quarter this year as compared to this time period in 2013. What this means is the excess inventory is selling but prices are still flat over all. Once the inventory is lowered the prices at the Lake will start to recover.

Other market segments that we are seeing improvements in are commercial properties and homes over a Million. Commercial properties have been improving tremendously in both units sold and sales price for the past couple of years. This is no secret to anyone how lives in or visits the Lake area. The large retail stores and restaurants that have been investing in the Lake are helping to drive sales and prices in this market segment. The homes over a million have also been improving for the past couple of years. While it is not improving with the same leaps and bounds as the commercial property segment, the improvements that we are seeing in units sold and price speak testament to the market not only at the Lake but in the surrounding areas. These sales show that the luxury market that slowed so drastically is still a thriving market segment that will bring much welcomed real estate investments to the our small community.

There has never been a better time to buy real estate at the Lake of the Ozarks. Interest rates are still at all time lows and housing prices are still very competitive. If you are looking for the perfect Lake home for you and your family, give me a call today or click the link below to visit my website.

www.jordansalisbury.com