This is the most searched category on my website, Lake Condo Guide this year.  You can search for Lake of the Ozarks Condos for sale here and if you are wanting to use different criteria, just refine the search at the top of the page.

The Lake of the Ozark Condominium market is a strong buyers market, sales have actually started to increase, and foreclosure rates are decreasing as well.  Now is the time to get a great buy and be ready for the warm weather and boating season!  Call John Garrett at 573-480-6420

That may seem like a lot, and yes I’d prefer the number to be at about 600 but 802 active condo listings is way down from 2006 highs when we saw over 1600 active listings.   448 condos sold at the Lake in 2010, that number is actually higher than the 440 that sold in 2009.  We are seeing signs of a market that is stabilizing, and as of today there are only 12 foreclosure condo listings in our MLS.

These are all positive signs of what will be a slow, bump-along recovery of this real estate market.   If you are looking for the right time to buy, the record low interest rates and a stabilizing market should look appealing right now.  John Garrett can help you and take some of the questions and confusion out of the condo buying experience.  Call today at 573-480-6420.

Let’s hope #2 is proven to be true this year at the Lake of the Ozarks!

Daily Real Estate News  | December 10, 2010  | Share 5 Predictions for 2011
Freddie Mac analysts point to five features that they believe will likely characterize the 2011 housing and mortgage markets:

1. Low mortgage rates. With Fed observers expecting the central bank to keep the federal funds rate at its current target range of 0 percent to 0.25 percent for most (or all) of 2011, relatively low mortgage rates will be a feature of the 2011 mortgage market. Thirty-year fixed-rate loans are likely to remain below 5 percent throughout the year, and initial rates of 5/1 hybrid adjustable-rate mortgages will likely remain below 4 percent in 2011.

2. Prices have hit bottom. House prices are likely to begin a gradual, but sustained recovery in the second half of 2011.

3. Housing will remain affordable. With affordability high, many first-time buyers will be attracted to the housing market in the New Year, likely translating into more home sales in 2011 than in 2010.

4. Refinances will dwindle. Many eligible borrowers have already refinanced and the federal Making Home Affordable refinance program is expiring on June 30. While fixed-rate loans are likely to remain low, they will move up gradually, making it even less likely that refinances will be attractive to most home owners.

5. Delinquency rates will decline. Based on the last several business cycles, the share of loans that are 90 or more days delinquent or in foreclosure proceedings — known as the “seriously delinquent rate” — generally crests within a year of the start of the recovery in payroll employment, and this economic recovery appears to fit within that pattern. Payrolls began to rise last January, and by the spring the seriously delinquent rate had begun to fall.

Source: Freddie Mac (12/09/2010)

Lake of the Ozarks Condominiums sales increased yet again in dollar volume sold and in number of sales.   February dollar volume was 4.329 million in 2010, during the same period in 2009 sales were 4.086 million.

The average condo sold at the Lake of the Ozarks was $180,412.

John Garrett Broker/Sales, Prudential Lake Ozark Realty.  573-480-6420

You can search for Foreclosures quickly and easily.  Residential, Condo, Lots and Land.   Select the property type you are searching and check the foreclosure box  and it will bring up foreclosure properties.   SEARCH HERE

Call John Garrett 573-480-6420 with any property questions.

That is higher than the average sale at REMAX Lake of the Ozarks.  For Information on The Villages, Porto Cima, or and other Luxury homes at the Lake of the Ozarks, call the Luxury Experts.

John Garrett, Broker Sales Prudential Lake Ozark Realty. 573-480-6420

This Lake Ozark Condominium for sale has 2 bedrooms and is right on the water for $46,900!  That is a great deal.  This condo was on the market pre-foreclosure for $87,000.  There aren’t many deals like this, and when they come up you have to nab them quickly!  Call me for details at 573-480-6420.  UPDATE: SOLD by Lake Real Estate Pros

HOT DEAL!

Cates auction is hosting a condo sales event March 6th 2010 and you should be aware of a few things if you are thinking of buying.   First of all, there is a buyer’s premium on every sale of 9%.  This is paid whether you use a buyer’s agent or not, this fee goes to Cates auction.  It cost you nothing to hire me as your buyer’s agent, but the savings could be huge or prevent you from overpaying at auction.  This auction is live at the Lake, bidders can also watch from KC, and people can bid online.  It is easy to get auction fever and overpay in that type of enviroment.  Cates is a first class operation, but be aware that they are highered by the seller to get the highest price possible.  Have an agent that is on your side that knows the Lake condo market. 

Only two units are absolute auctions.  The rest of the units will have a reserve.

LANDS’ END: Building F, Unit 626 (1215 Lands End Pkwy, Osage Beach)

THE RESIDENCES OF REGENT PLACE: Unit 201 (2558 Bagnell Dam Blvd, Lake Ozark)

ATLANTIS ISLAND: Unit N505 (64 Knox Rd, Neptune Bldg., Rocky Mount)

ATLANTIS ISLAND: Unit V405 (64 Knox Rd, Venus Bldg., Rocky Mount)

PLAZA GARDENS: Unit 2A (248 Plaza Gardens, Camdenton) Absolute Auction – No Minimum Bid!

PLAZA GARDENS: Unit 2B (248 Plaza Gardens, Camdenton) Absolute Auction – No Minimum Bid!

Hire me to be your buyer’s agent if you are serious about purchasing one of these units.  It cost you nothing but gains you 15 years of Lake of the Ozarks condo selling experience. 

573-480-6420 or john@lakerealestatepros.com

My new real estate company is called Lake Real Estate Pros.   Maybe I took the Warren Buffet quote that everyone loves nowdays that says ““… be fearful when others are greedy and to be greedy only when others are fearful” a bit too seriously.   After 10 year at RE/MAX Lake of the Ozarks, it was time to make this move.   Lake Real Estate Pros is located across from JB Hooks on Bagnell Dam Blvd.   The address is 2221 Bagnell Dam Blvd Ste 400, Lake Ozark MO 655049.  John Garrett can be reached at 573-480-6420.

Search Lake of the Ozarks Property

Lake Of the Ozarks Condominium sales increased 171%! November condo sales were $6,065,641 versus $2,235,075 the same period last year! If you are thinking of buying, now is the time before these prices start their rebound. There are still plenty of deals, but this increase in sales will start to mean sales comparables will increase and prices will trend upward

Those of you who purchased in the last year, great job fining those hot deals.