Luxury Waterfront Home Market Lake of the Ozarks.   

Forget trying to time this market, now is the time to step up and buy that deal of a lifetime at the Lake of the Ozarks.   Don’t be that guy that goes around telling everyone “Well I could have bought that for $$$$”.  Don’t you always want to say to that guy “then why didn’t you, are you crazy?  Oh, you don’t like making money!” 

An interesting look at the numbers show 26 sales over a million dollars in all of 2007, and through Novemeber 15th 2008 there have been 21 closings with a few pendings that could still close this year. 

That is not a whole lot of difference considering the turmoil that 2008 has seen in all markets.  If we drill down into the numbers a bit more, we see that the averge price per square foot paid decreased from $325 psf to $288 psf in the last year.  This market usually sees a healthy increase in price per square foot, so this decrease would mean a buyer today is not only paying 11% less, they are also saving the usual 12 to 15% appreciation we are used to.  A buyer today is looking at an average savings of something in the 23% range or better!   A fourth off the price you were looking at in 2006! 

 You make money when you buy, and right now really is the best time to buy.  Call John Garrett with any questions or comments. 

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