All property types sold in February 2010 totaled $24,183,890.  The same time period last year was $16,154,427.  That is an increase of 50%.  Average sale price was up as well an impressive $39%.

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.

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.

The Lake of the Ozarks real estate market is blessed to not have the problems on the scale that many areas do.   This list is not widely know to agents, I know to check it on occasion, but it is a cumbersome process.   

http://www.justice.gov/dea/seizures/missouri_pg1.html

From the DEA, these are the homes listed as meth houses.  They could have been cleaned up, torn down, not cleaned up correctly, but at least we know where they are.  BTW, these can be great deals for investors to buy and properly clean up as rentals, it just must be (and should be) disclosed that the home was formerly a meth house.   This disclosure is forever from what I have been told. 

http://methlabhomes.com/

The number of sales for 2009 YTD compared to 2008 shows a decrease in the number of sales from 499 to 369, or 26%.  Sales volume is off 35% YTD.  The price per square foot has dropped 12%.

The good news?  Condo sales the last half of this year were actually stronger towards the second half of the season, and in 2008 condos sales were more weighted towards the spring buying months.  The biggest hole in our sales occurred between May 1st of 2008 to May 1st 2009.  A sign that this market has bottomed?  Could be, only time will tell. 

Search Lake of the Ozarks real estate

Lakefront Foreclosure

You’ve likely seen this home when crossing the Community Toll Bridge from Lake Ozark to Shawnee Bend. The difference is that it now has been foreclosed on and the price is now $1,562,500 down from well over $2,000,000.

The description in the MLS reads:

Spectacular 1.2 acre lot with 340 ft. of gentle lakefront is a one-of-a-kind with a trophy home unlike any other. Major remodeling and expansive landscaping under way-exquisite detail and design. A private retreat with expansive views, cove protected waterfront, pea gravel beach, level curved driveway, private pool, outdoor kitchen, spectacular patio w/fireplace, totally revamped master wing.

This home was purchased and remodeled before it was put back on the market, it was one of the best remodel transformations that I’ve seen at the Lake of the Ozarks. Now someone will get a really great deal on this home. Call if you need any additional information. 573-480-6420

UPDATE John Garrett has opened a new real estate office in Lake Ozark.

Same company, but the corner office with two windows I always wanted came open, so I have moved from the Landmark building to the main office.  No waiting on the elevator at this office!  The address for your GPS is 3525 Hwy 54 Osage Beach MO 65065.  We are right across the street from STAPLES, and right next door to Kelly’s Port.  Just come to the front desk and ask for John Garrett, I am there everyday!

573-480-6420  john@lakerealestatepros.com

Beach at Captain Rons

One of my favorite Lakefront hangouts is Captain Rons.  With 3 young children I like the atmosphere and the secure sandy beach where the kids can play in safety and the adults can order food and drinks.  The facility has very good dockage as well.  It is located at the 34 milemarker just downstream from the Hurricane Deck Bridge.  By car you can find it at Lake road 5-50 just north of the Hurricane Deck Bridge.  They will be hosting the Lake Rescue Shootout for the second year August 25th through the 30th, with the actual races on Saturday and Sunday, August 29th and 30th.

This beautiful Cedar Crest custom home is waiting for a new owner.  Cedar Crest is simply the best subdivision at the Lake of the Ozarks, it is THE address that everyone wants to call home.  The home has everything, and I do mean everything.  The floorplan is ideal, and creats room for everyone to enjoy the home yet have peace and privacy as well.  The Lanai, pool, gameroom, are all one of a kind and must be seen to be appreciated, and the view is, well, quite simply the best view at the Lake of the Ozarks.   Call John Garrett for a private shgowing, or for information about this and other great luxury deals at the Lake of the Ozarks.  573-302-2320.