Vacation Homes Sales Jumped 30 Percent

Dated: 04/07/2014

Views: 1021

Vacation home sales jumped nearly 30 percent in 2013 from 2012, according to the Realtors. They accounted for 13 percent of all transactions, their highest market share since 2006, although still about one-third below that peak. The increased activity pushed prices higher by 12.5 percent from the previous year.

At the Lake of the Ozarks, our sales numbers mirrored the national numbers almost exactly.  We are seeing a shortage of listings and increasing prices.  We are even seeing more multiple offers, something that has been missing from this market for a while.
If you are a buyer in this market, you are looking at rising interest rates and rising prices.  There can be no doubt it is going to cost you more to buy in the future what you can get RIGHT NOW at the Lake. 
If you are a seller, you have less competition and more buyers that can qualify for your property because of the lower interest rates.  It is a  good time to sell at the Lake of the Ozarks. 
If you are selling and buying, you can make up any perceived shortfall on your sale with a really good buy at a great interest rate.  I'd argue that right now is the best time to trade up for a new Lake home or condo as we have seen in many years. 
If you have any questions or need any help, call John Garrett. 
Blog author image

Kathy Beeler

Kathy Beeler is a trustworthy Lake of the Ozark Realtor, who is reliable and knowledgeable when it comes to buying or selling properties in Lake of the Ozarks area. If you are in need of a professiona....

Want to Advertise on this Site?

Latest Blog Posts

Did You Know This About Thanksgiving Becoming A National Holiday

Thanksgiving Becomes a National HolidayPilgrims held their second Thanksgiving celebration in 1623 to mark the end of a long drought that had threatened the year's harvest and prompted Governor

Read More

The New Caregivers Comprehensive Resource

If you have ever been a caregiver then you know how stressful, but rewarding it can be. Please checkout The New Caregivers Comprehensive

Read More

RARE GEMS AT THE LAKE OF THE OZARKS MO SOUTH PRIME FACING SHORELINE

It is no secret that they are not making any more lakefront shoreline at the lake of the Ozarks! Primes south facing points are becoming more rare these days as the lake continues to grow: such as

Read More

Sep 23 2019 67424 1

THE TOP 5 MOST INTERESTING THINGS ABOUT LAKE OF THE OZARKS,  IN BARNETT, MO 6MM INDIAN CREEK COVE-DRY BRANCH1. BARNETT, MO NOT ONLY INCLUDES SOME OF THE BEST HUNTING GROUNDS AND FISHING AREAS,

Read More