Karie Jacobs

Realtor

My Blog

Real Estate Market Update for 1st Quarter of 2017

4/10/2017

The Numbers Are In!

Closed Sales from 1/1/2017 to 3/31/2017 - Based on information from the Bagnell Dam Assoc of Realtors and Lake of the Ozarks Board of Realtors shared MLS.  * Days on the market are reflective on present listing only and don't show prior listing activity.

 

Lakefront Homes Sales:  There has been strong movement in this catagory of property with units closed at 160 compared to last year same time period where 108 transactions we closed.  Property Days on the Market is 175 Days for Lakefront Homes.

 

All Homes Not Lakefront:  The market has remained flat at 181 transactions closed and the same amount last year.  The big movement was in 2015 at 152 units to 181 in 2016.  Days on the market 155.

 

Condo Sales:  There was a reasonable increase from 110 units sold for the first quarter last year to 130 units closed in 2017.  This number is reflective of New construction and Re sale units.  Days on the market are 148 for this time period  Villas and Townhomes flat with 13 units closed.

 

Lakefront Lots and Land:  We have seen a significant increase in the number of units closed from 9 last year to 18 this year.  As prices of existing homes and availability tightens up, I expect this trend to continue.

 

Non Lakefront Land:  Units closed in 2017 were 35 compared to 66 in 2016 and 50 closed in 2015.  Days on the market 208.  I expect as builders jump back into the market this will be a growth area for the Lake area.

.  

Commercial:  The sale of commercial property is about half of what it was last year for the same time period. These number are often not accurate as Commercial sales often aren't reported to the MLS.

 

Total Transactions:  The trend continues up with sales increased by 37 closed units bringing the total sold to 547.  Prior year of 2016 was 510 closed and 2015 closed units were 467.

 

There are hot price ranges and areas in each of these catagories.  Give me a call if you have interest in the numbers in your neighborhood or complex 573 302-2328. kariejacobs@hotmail.com  All Real Estate Markets are Local!

 

Market Update 3 year comparison Jan 1 to Sept 30 2016

10/6/2016

There have been interesting trends in the market at the lake.  We are seeing a bit of a mixed bag.  Lakefront homes and Lake front Lots have show sluggish sales this year.  Lake Homes were down showing homes sold at 547 units compared to 595 for the same period last year.  Lake lots were more flat with sales of 41 lots lake wide compared to 46 for the same time last year.

The bright spot in sales has been the classification of All Homes not Lakefront with grew from 628 sales last year to 684 homes closed this year.  All Non Lakefront Land mirrored the homes showing an increase from sold land last year of 137 to 180 pieces for ground closed this year.  The strength in this classification of property may be attributed to the lake area becoming a year round, full time resident location.  These properties are more affordable than Lake properties and serve many full time workers in the area.

Condo sale for New units and Re Sale units have been up slightly with 527 sales last year through Sept and up to 560 sold units for 2016.  Villa and Town homes have also shown improvement with sales up from 47 units sold to 63 this year.

Overall the market continues to remain strong with 2148 sales which is up 95 transaction from 2015 through Sept.  We have seen Foreclosure Sales drop from 196 sold in 2014 through Sept to 117 this year.  We are entering a stable market and expect this pattern to continue in the near future.

 

 

 

Real Estate Sales Lake of the Ozarks May 31 2015

6/2/2015

The market at the Lake of the Ozarks continues to show gains with Total number of transaction at 955 up from 840 in 2014 Jan 1st to May 31.  Increases have continued while the number of foreclosures sold is decreasing to 96 units from 114 last year and 145 in 2013.  The lack of foreclosures in the market show the overall improved strength of real estate at the Lake.

Resale Condominiums continue strong growth with sales of 218 units up from 167 in 2014.  The average List price is $155,330 with an average sale price of $148,477.  The market time of condos is 151 days but is expected to decrease as the summer season begins.

Another bright spot is the sale of Non Lakefront homes up from 278 last year to 315 units closed up to May 31st.  The average list price is $135,262 with average sale price at 94.9% to $128,321.

Lakefront lot closings have remained consistent with 23 properties sold and an average List Price of $200,763 and Sold Price of $182,159.  The Average Market days for Lake Lots is 224 days.

Non Lakefront Land is demonstrating stronger numbers with 80 closed units in 2015 compared to 66 last year.  Days on the Market are similar to Lakefront at 233 days.

The Lake market is consistently showing gains and has for the last five years.  Property prices are showing some upward pressure with the lack of inventory being the primary reason.  Unlike other areas the steady growth at the Lake makes the chances of a Real Estate Bubble very small at the Lake in the current conditions. 

For information on your property and it's market condition give me a call or click contact button on site.

*Information is taken from Shared MLS at the Lake of the Ozarks

 

 

 

 

Recover Continues: 3 Year Unit Sale Comparison

1/13/2015

                                                2012                           2013                             2014

 

Lakefront Homes                       671                             678                               742

 

Non Lakefront                            689                             771                               763

 

Resale Condos                           473                             508                               518

 

Villa/Townhome                          37                               48                                  61

 

Lakefront Lots                             51                               68                                  61

 

Non Lake Land                          124                              171                               155

 

Total Classifications                   2145                           2413                             2438

 

Information from the shared MLS.  Contact me for information on property you are interested in purchasing or selling.

Karie Jacobs 573 480-3194

 

 

Fireworks Lake of the Ozarks 2014

7/2/2014

Independence Day Fireworks

Jul 04, 2014 - Jul 05, 2014

Lake of the Ozarks Missouri

Bear Bottom Resort
Saturday, July 5th
8:30 pm - 9:30 pm
Hwy 5 to 123 Bear Bottom Drive in Sunrise Beach
View by land at Bear Bottom Resort or by water at the 38 Mile Marker.
Parking is limited; Arrive early.
Call for details: 573-374-6905

Beavers at the Dam Fireworks by Iguana
Saturday, July 5th
8:00 pm - 9:30 pm
1076 Bagnell Dam Blvd in Lake Ozark
View by land at Beavers at the dam or by water at the 0 Mile Marker.
Parking is limited; Arrive early.
Call for details: 573-365-7118

Captain Ron's Bar & Grill
Saturday, July 5th
8:30 pm - 9:30 pm
Hwy 5 to Lake Road 5-50 to 82 Aloha Lane
Parking is limited; Arrive early.
View by water at the 34.5 Mile Marker
Call for details: 573-374-5852

Celebration Cruises
Friday, July 4th
7:00 pm to 9:30 pm
Jeffries Rd to 5076 Davis Drive in Osage Beach
View the Lodge of Four Seasons fireworks display from the water at the 13 Mile Marker, aboard the Celebration Cruises yacht.
Call for reservations and details: (573) 480-3212

City of Eldon
Friday, July 4th
Fireworks begin at dusk.
Eldon City Park
Call for Details: 573-392-2291

Freedom Fest 2014 at Sonlight Christian Fellowship
Friday, July 4th
Fireworks begin at dusk.
Sonlight Christian Fellowship
808 Old Hwy 5 South
Email: sonlightcf@msn.com

Lake Valley Country Club
Friday, July 4th
Display begins at dusk.
Call Camdenton City Hall for more info: 573-346-3600

Mother Nature's Riverfront Retreat
Friday, July 4th
878 Garden Road, Macks Creek, MO Live Entertainment. Fireworks display begins at dusk.
Call for more info: 573-363-5408

Larry's On The Lake
Saturday, July 5th
Display begins at dusk.
31 Mile Marker by water. Parking is limited; Arrive Early.
Call for more info: 573-873-5227

Playin' Hooky Fireworks Cruise
Friday, July 4th
8:30 pm to 10:00 pm
Departing from Camden on the Lake Marina at 2359 Bittersweet Rd in Lake Ozark
$20 per person
Call for reservations and details: 573-434-2627

The Lodge of Four Seasons
Friday, July 4th
6:00 pm - 10:00 pm
315 Four Seasons Drive in Lake Ozark
Adult $22, Children $12, 5 and under Free
BBQ and Carnival held prior to the fireworks event (weather permitting).
Paid Non-Hotel Guests must be on the Lodge of Four Seasons property before 8:00 pm.
View by water at the 13 Mile Marker
Call for details: 573-365-3000

Old Kinderhook
Saturday, July 5th
5:00 pm - 9:30 pm
All American Cookout & Pig Roast. Music by The Randy Man Band. Festivities include bounce houses, ballook artists, face painters, s'mores and other kids activities; Concession stand & beer garden. Fireworks begin at dusk.
Call for details: 573-317-3560

Tan-Tar-A Resort
Friday, July 4th
8:30 pm - 9:30 pm
Hwy KK to 494 Tan Tar A Drive in Osage Beach
Viewing by land on the Tan-Tar-A property reserved for resort guests only.
View by water at the 26 Mile Marker
Call for details: 573-348-3131

Tropic Island Cruises
Friday, July 4th
8:30 pm to 9:30 pm
494 Tan Tar A Drive in Osage Beach
View the Tan-Tar-A Resort fireworks display from the water at the 26 Mile Marker, aboard the Tropic Island Cruises yacht.
Call for reservations and details: 573-348-0083

City of Versailles
Friday, July 4th
8:30 pm to 9:30 pm
Versailles City Park
Fireworks display begins at dusk.
Call for details: 573-378-4401

Momma's Market
Thursday, July 10th
5.5 Mile Marker by water.
Parking is limited; Arrive Early.
Call for more info: 573-365-2399

Seven Springs Winery
Saturday, July 12th
$10 per person. Seating starts at 7:00 pm
Call for Reservations; Seating will fill quickly: 573-317-0100

Lake of the Ozark Events May 17 2014

5/14/2014

Lake of the Ozarks Events May 17 2014

 

Oma & Noma Heritage festival

9-5 Bagnell Dam Strip, Lake Ozark

573 365-7132

Step back in time as the city and the Dam

Celebrate the first crossing of Bagnell Dam by

Oma and Noma Degraffenried in 1931.  Dress in

Era style clothing and enjoy an old fashioned

Food, Crafts, Contest, 5 K run, vintage

Car show and frog jumping contest.

 

Mid Coast Bike Run

573 280-1154

www.midcoastbikerun.com

Noble Eagles host the Mid coast Bike

Run nicknamed the start of the bike season

By the biking Life Magazine.  As many as

500 bikes converge on downtown Eldon, Missouri

To start the day long festivities.  Music, food,

Drinks and beautiful Regal Eagle girls help entertain

the crowd.  Proceeds are used to fund collegiate

Scholarships for local youth.

 

Newcomers Longtimers 20th Annual Home Tour

573 348-81534 pm Lake area. cithometour@gmail.com

20th Annual Home Tour 10-4.  Annual benefit at the Lake

To raise funds for local charities.  Tickets in advance

Are $20.  For additional information contact Terri Hall

At 573 348-8153.

2013 Market Report Real Estate Sales Lake of the Ozarks

1/21/2014

The weather is cold outside but, real estate sales continue to heat up at Lake of the Ozarks. A look at the three year trend shows units and total sales volume increasing.

Now might be the time for you to jump in if, you have been holding off becoming an owner or seller at the Lake.

      

                                 2011                            2012                            2013

 

Total Transactions:      1858                            2145                            2410   

Sales Volume          $330,568,488              $377,077,271              $450,509,106

 

Non LF Homes:            610                              689                              770

 

Lakefront Homes:        584                              671                              678

 

Condo and Villa:          479                              557                              617

 

Looks Like builders are getting back into the market with units making strong gains.

It is interesting to note the strength of Lot/Land sales off the water. This indicates the growth of the lake area as more than a resort area.

 

Lakefront Lot/Land:     35                                51                                66

 

Non LF Lot/Land:         99                                124                              171

 

Developers have moved cautiously at the lake waiting for the excess inventory of property to be sold. With sales doubling the confidence of better days is evident.

 

Commercial:              39                                36                                79

 

Early indications show that 2014 is going to continue the trend with units and sales volume showing increases. Showing activity by agents at the lake has been strong in January in spite of challenging weather. Buyers are moving into the market taking advantage of low interest rates and historic low prices at the Lake. Sellers can take advantage of the lack of quality inventory as we move into the spring selling season listing homes now. The average Days on Market for 2013 Lakefront home were 175 days, non Lakefront 154 Days and Condos 159 Days. It should be note that many of these properties have been listed prior and the Market Days don’t accumulate. When sellers get their List Price to within 5 to 10 percent of market value the properties will sell. Now is the time if you are thinking of living the dream at the lake.

www.lakeozarkagent.com Search Lake of the Ozarks Property.

 

                       

Market Update Through Aug 31 2013

11/23/2013

 

Three quarter of the year has passed and Realtors, Sellers and Buyers are optimistic with the Real Estate Market at the Lake! Realtors are excited about the continued trend of increased transactions, sellers are getting showings and contracts and buyers are still finding great deals and low interest rates.

 

Activity in all property types; Residential, Condo, Lots/Land, Commercial, and Farms show units sold through Aug 31 of 2013 of 1644 compared to 2012 sales of 1434 and 2011 sales of 1253. The units close in 2013 shows significant increases in sales but, are still well below the sales reported in 2005 before the decline which reflected 2765 units for the period of Jan 1 to Aug 31 of 2005 and 4125 transactions for the entire year. It is obvious that while on the right path we have a long time to go before we fully recover. Concerns about having a Real Estate “Bubble” at the Lake at this time are unfounded.

There are areas of the lake and price ranges that are recovering at a much slower pace than others, according to Jacobs.

 

Lakefront homes sales for the time period are relatively stable but, down slightly from 2012. Transactions in 2013 are 439 closed units compared to 2012 where there were 450 closed Lakefront homes. It is noteworthy that while transactions were down slightly the sales volume was up 10% to $102,973,262 from Jan 1 to Aug 31, 2013. Luxury Homes over a Million are showing increases additionally with units sold of 13 units in 2013 up from 7 units in 2012. The sales volume has doubled in this period to $18,435,000.

 

There have been several surprises in the sales numbers at the lake that support the increase in total sales. Homes that are off the Lake have shown strong increases in units to 524 units in 2013. The increase posted up from 2012 sales of 461 and 2011 sales of 419. This trend will continue as the employment base stabilizes and grows at the Lake. The new business, have provided a verifiable income base for families at the Lake. The Average Sale Price of Single Family Homes off the Lake for this period is $127,791 which is 94% of the List Price. The median selling price is lower at $105,000 as first time home buyers moving into the Off Lake market. This trend is expected to continue with the growth at the Lake.

 

Condo sales are another bright spot in the sales reports. The sale of New Condos is up from 34 units in 2012 to 43 units in 2013. Investors are jumping in and restarting projects that had financial challenges in the past. Resale Condos (Prior Owned) also reflect increased activity from 260 units in 2011 to 324 in 2012 and now 359 sales through Aug 31 of 2013. The average List to Sale price has increased slightly lake wide to 95.2%.

 

Builders are back in the market and provide another area of recovery at the Lake! Lakefront and Non Lake Lots and Land are showing a strong increase in units. Lake front sales are 52 units compared to last year 34 units. Non Lake land is 116 units sold through the end of August compared to same period last year of 76. Again, optimism needs to be tempered with the sale being about 25% of what they were before the real estate bubble.

 

Commercial statistics from the MLS show increases from 22 to 53 transactions through August 31h. The positive numbers show, the growth at the lake but, they are only an indicator of Lake growth since many of the Commercial transaction are not reported in the MLS system.

 

Foreclosure Sales at the Lake so far are 232 units in 2013 which is about 14% of the market compared to 16% of the sales in 2012 and 20% 2011. It is interesting to note that while the foreclosures represented a small number of the active listings at any given time they pulled a significant number of the contracts for the time periods. The decrease in foreclosure sales is another indicator that we are continuing on the road to recovery.

 

Jan-Aug 31

 

Year     Units                Sales Volume

2010    842                 $214,537,537

2011    850                 $220,384,452

2012    1001                $253,271,519

2013    1146                $311,359,774

 

Realtors, Sellers and Buyers are optimistic with the Real Estate Market at the Lake! Interest rates have increased slightly but continue to be low. Realtors are excited about the continued 4 year trend of increased transactions and increased sales volume. Sellers are getting showings and at time multiple contracts. Buyers are still finding great deals and reasonable inventory levels and low interest rates. Real Estate at the Lake is continuing to provide recovery at the Lake.

 

Karie Jacobs has been a reliable resource for real estate information since leaving her post as BDAR President, Jacobs is currently with Re/Max Lake of the Ozarks in Osage Beach. Data is collected from Shared MLS system at Lake of the Ozarks

 

 

 

 

 

 

Market Report Jan - June

8/6/2013

Half the year has passed and Realtors, Sellers and Buyers are optimistic with the Real Estate Market at the Lake! Realtors are excited about the continued 4 year trend of increased transactions, sellers are getting showings and contracts and buyers are still finding great deals and low interest rates.

 

Activity in all property types; Residential, Condo, Lots/Land, Commercial, and Farms show units sold through June 30 of 2013 of 1146 compared to 2012 sales of 1001, 2011 sales of 850 and 2010 sales 842. The units close in 2013 shows significant increases in sales but, are still well below the sales reported in 2005 before the decline which reflected 1892 units for the period of Jan 1 to June 30th of 2005 and 4125 transactions for the entire year. It is obvious that while on the right path we have a long time to go before we fully recover. Concerns about having a Real Estate “Bubble” at the Lake at this time are unfounded.

 

Lakefront homes sales for the time period are relatively stable but, down slightly from 2012. Transactions in 2013 are 293 closed units compared to 2012 where there were 303 closed Lakefront homes. It is noteworthy that while transactions were down slightly the sales volume was up 7% to $94,105,918. Luxury Homes over a Million are showing increases of units sold with a sales volume of $10,110,000 up 75 % in transactions and 84% in sales volume.

 

There have been several surprises in the sales numbers at the lake that support the increase in total sales. Homes that are off the Lake have shown strong increases in units to 390 units in 2013. The increase posted up from 2012 sales of 338 and 2011 sales of 2011. This trend will continue as the employment base stabilizes and grows at the Lake. The new business, have provided a verifiable income base for families at the Lake. The Average Sale Price of Single Family Homes off the Lake for this period is $131,751 which is 94% of the List Price. The median selling price is lower at $122,250 as first time home buyers moving into the Off Lake market. This trend is expected to continue with the growth at the Lake.

 

Condo sales are another bright spot in the sales reports. The sale of New Condos is up from 16 units in 2012 to 23 units in 2013. Investors are jumping in and restarting projects that had financial challenges in the past. Resale Condos (Prior Owned) also reflect increased activity from 164 units in 2011 to 228 in 2012 and now 241 sales through June 30 of 2012. The average List to Sale price has increased slightly lake wide to 95.3%.

 

Builders are back in the market and provide another area of recovery at the Lake! Lakefront and Non Lake Lots and Land are showing a strong increase in units. Lake front sales are 38 units compared to last year 21 units. Non Lake land is 84 units sold through the end of June compared to same period last year of 52. Again, optimism needs to be tempered with the sale being about 25% of what they were before the real estate bubble.

 

Commercial statistics from the MLS show increases from 17 to 38 transactions through June 30th. The positive numbers show, the growth at the lake but, they are only an indicator of Lake growth since many of the Commercial transaction are not reported in the MLS system.

 

Foreclosure Sales at the Lake were 133 units in 2013 which is about 18% of the market compared to 25% of the sales in 2011 and 2012. It is interesting to note that while the foreclosures represented a small number of the active listings at any given time they pulled a significant number of the contracts for the time periods. The decrease in foreclosure sales is another indicator that we are continuing on the road to recovery.

 

Jan-Jun 30

 

Year     Units                Sales Volume

2010    842                 $150,409,880

2011    850                 $150,266,940

2012    1001                $178,555,251

2013    1146                $209,559,475

 

Realtors, Sellers and Buyers are optimistic with the Real Estate Market at the Lake! Interest rates have increased slightly but continue to be low. Realtors are excited about the continued 4 year trend of increased transactions and increased sales volume. Sellers are getting showings and at time multiple contracts. Buyers are still finding great deals and reasonable inventory levels and low interest rates. Real Estate at the Lake is continuing to provide recovery at the Lake.

 

 

 

 

May Events: Lake of the Ozarks

5/2/2013

25th Annual Magic Dragon Street Meet Nationals May 3rd - 5th

Bagnell Dam Strip, Lake Ozark 573 964-1008

www.magicdragoncarshow.com

Cinco De Mayo Dance May 4th 7 pm

Camden County Museum, Linn Creek 573 365-6155

www.lakejazzband.com

Spring 27 Acre Yard Sale May 4th 8am - 2 pm

Laurie Fairgrounds, Laurie 573 374-8776

www.cityoflaurie.com

16th Annual Spring Harbor Hop May 4th 10 am - 7 pm

Entire Lake 800 386-5253

www.funlake.com/harborhop

6th Annual Lake Regional Fun Run/Walk May 4th

Lake Regional Hospital Courtyard, Osage Beach 573 348-8153

www.lakeregional.com/Events

Lake West Christian Academy 8th Annual Golf Benefit May 5th Noon

Rolling Hills Country Club, Versailles 573 374-1500

creation@cfaith.com

3 Course, 3 Person Scramble May 7th Call for Tee Times

Dogwood Hills Golf Resort, Osage Beach 573 348-3153

www.dogwoodhillsresort.com

USF1 Powerboat Tour May 10th - 11th

Call 417 282-5984

www.lucasoilspeedway.com

Dam Rendezvous May 10th - 12th

Bagnell Dam Campground, Lake Ozark 573 365-9135

Hot Summer Nights May 10th 6pm-11pm

Bagnell Dam Strip, Lake Ozarks 573 964-1008

www.cruisehotsummernights.com

Wine Tourism Day May 11th

Shawnee Bluff Winery 573 365-9463

Casa De Loco Winery 573 317-9695

Mother's Day Brunch and Buffets May 12th

Camden on the Lake 573 365-5620

Captain Ron's 573 348-5852

County Club Hotel&Spa 573 964-2200

HK's Lodge of the Four Seasons 573 365-3000

Old Kinderhook 573 317-3560

Resort at Port Arrowhead 573 365-2334

Tan-Tar-A Resort 573 348-8621

Lake of the Ozarks Blues and BBQ Weend May 17th-19th All Day

Bagnell Dam Strip, Lake Ozark 573 480-9866

www.lakebbq.com

Oma & Noma Heritage Festival May 18th 9am-5pm

Bagnell Dam Strip, Lake Ozark 573 365-7132

www.omanomadays.org

Newcomers Longtimers 19th Annual Home Tour May 18th 10am-5pm

Cross Creek Area, Camdenton

www.newcomerslongtimers.com

Town & Country Market May 25 9 am -4 pm

Camden County Museum, Linn Creek 573 346-7191

www.camdencountymuseum.com

Memorial Weekend Fireworks May 25th-27th Call for Times and Details

Tan-Tar-A Resort 573 348-3131

Lodge of 4 Season 573 365-3000

Captain Ron's 573 374-5852

Bear Bottom Resort 573 374-6905

Jacob's Cave Swapping Days May 30th-June 2

Jacob's Cave, North Hwy 5 between Gravois Mills and Versailles

573 348-4374

www.jacobscave.com

Come visit the lake and maybe stay! Real estate needs give me a call 573 480-3194

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