Lake of the Ozarks Condminiums for sale

What’s going on with the Lake of the Ozarks condominium market?  Ask one agent, they’ll say it is slow, ask another, and they say they are having the best year of their career.  Who’s telling the truth?  It could be that both are.

The Lake of the Ozarks condo market has a lot of invetory, and the days on market is rising, but the property values keep going up.   Some of the new projects like the Rivieria, The Hamptons, and others will raise the bar, and raise prices of the next few years.  The graph below clearly shows a trend of increasing prices.

It should not be lost on anyone that last year was a record shattering year, and as you can see, the Condominium market still has a lot of momentum.  More good news is the rash of foeclosures that plague many condo heavy markets is not a problem at the Lake of the Ozarks, where condo foreclosures remain under 1/2 of 1 % of the market.

If you have been dreaming of owning a Lake of the Ozarks condominium, you should feel assured that this is a very heathly market, and a market that is driven by retirees and second home buyers, not speculators and investors.

For more information about the Lake of the Ozarks, and the Condominium market, call John Garrett, Krantz and Associates, RE/MAX Lake of the Ozarks.  My number is 573-302-2320.  Thank you.

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