Market Stats for Real Estate Table Rock Lake, Kimberling City and Branson MO Homes for Sale October 20, 2009

Photo by Discovery Aerial Photography (417) 779-7800

Market Stats for October 13, 2009
Courtesy of Tri-Lakes Board of REALTORS©

Branson West, Galena, Indian Point, Kimberling City, Lampe
and Reeds Spring

New Homes	This week 17	Year to Date 851  -13.95% same period 2008
Sold	8	219  -14.45% same period 2008
Days on Market	186	144  +11.63% same period 2008

Branson, Hollister, Ridgedale, Saddlebrook and Walnut Shade

New Homes	This week 52	Year to Date 1911  +4.60% same period 2008
Sold	10	438   -15.28% same period 2008
Days on Market	178	133     +7.26% same period 2008

This Weeks Featured Listing!

Custom Built 9.8 Acre Lakefront Home with Outbuildings
536 Cabernet Way Kimberling City

Path to waterfront.  Cherry wood floors throughout, granite and marble countertops.
A must see home! $625,000



Click on the link below to view Visual Tour.
http://www.visualtour.com/
shownp.asp?SK=13&t=2016347

Market Stats for Real Estate Table Rock Lake, Kimberling City and Branson MO Homes for Sale October 13, 2009

Photo by Discovery Aerial Photography (417) 779-7800

Market Stats for October 13, 2009
Courtesy of Tri-Lakes Board of REALTORS©

Branson West, Galena, Indian Point, Kimberling City, Lampe
and Reeds Spring

New Homes	This week 14	Year to Date 836  -13.73% same period 2008
Sold	12	212  -15.20% same period 2008
Days on Market	189	1414 +9.92% same period 2008

Branson, Hollister, Ridgedale, Saddlebrook and Walnut Shade

New Homes	This week 57	Year to Date 1863+3.90% same period 2008
Sold	7	424 -16.04% same period 2008
Days on Market	192	1312 +6.45% same period 2008

This Weeks Featured Listing!

Custom Built 9.8 Acre Lakefront Home with Outbuildings
536 Cabernet Way Kimberling City

Path to waterfront.  Cherry wood floors throughout, granite and marble countertops.
A must see home! $625,000



Click on the link below to view Visual Tour.
http://www.visualtour.com/
shownp.asp?SK=13&t=2016347

Market Stats for Real Estate Table Rock Lake, Kimberling City and Branson MO Homes for Sale October 6, 2009

Market Stats for October 6, 2009
Courtesy of Tri-Lakes Board of REALTORS©

Branson West, Galena, Indian Point, Kimberling City, Lampe and Reeds Spring

New Homes	This week 23	Year to Date 824  -11.40% same period 2008
Sold	7	203 -17.48% same period 2008
Days on Market	154	141   +7.63% same period 2008

Branson, Hollister, Ridgedale, Saddlebrook and Walnut Shade

New Homes	This week 40	Year to Date 1811  +2.84% same period 2008
Sold	18	416  -16.63% same period 2008
Days on Market	130	131   +6.50% same period 2008

Why a Market Analysis?

A market analysis or CMA is a free service offered, and is to a large degree an non-subjective way to pin-point the market value of property.  Why is this important?  If you are considering selling your home, having an experienced agent perform a complete CMA will eliminate error in pricing.  If you are considering making an offer on a home, you will want to know the value you are getting.  In rural areas such as Table Rock Lake, Kimberling City and Branson Missouri there is such a variety of properties that include custom homes built on wooded acreage, lake-front or lake-view lots.  There are variances such as neighborhood conditions, construction type, and location to conveniences.  In this particular market a computer CMA can have a significant margin of error.  One way to reduce error is to include a “Cost Approach” in the Market Analysis. This is where you re-build the home to find a replacement cost.  You then depreciate the age and condition of the home then average the price per square foot with the base price of comparable homes (sold and currently on market).  The result is you now you have all the elements necessary to get an accurate price.

Market Stats for Real Estate Table Rock Lake, Kimberling City and Branson MO Homes for Sale September 9, 2009

Market Stats for September 9, 2009
Courtesy of Tri-Lakes Board of REALTORS©

Branson West, Galena, Indian Point, Kimberling City, Lampe and Reeds Spring

New Homes	This week 17	Year to Date 760  -6.75% same period 2008
Sold	7	164  -25.11% same period 2008
Days on Market	103	137  +5.38% same period 2008

Branson, Hollister, Ridgedale, Saddlebrook and Walnut Shade

New Homes	This week 31	Year to Date 1657  +0.06% same period 2008
Sold	18	363  -20.74% same period 2008
Days on Market	114	133  +10.83% same period 2008

Market Stats for Real Estate Table Rock Lake, Kimberling City and Branson MO Homes for Sale September 2, 2009

Courtesy of Tri-Lakes Board of REALTORS©

Real Estate in Branson West, Galena, Indian Point Homes, Kimberling City Real Estate, Lampe and Reeds Spring.

Homes & Condo’s	This Week	Year to Date
	8/26/09 – 9/2/09	1/1/09 – 9/2/2009
New Listings	17	742
		-6.31% of same period 2008
Sold Listings	10	154
		-28.37% of same period 2008
List to Sell Percent	90.8%	90.8%
Average Days on Market	134	134
		+3.88% of same period 2008

Real Estate in Branson, Forsyth, Hollister Homes, Ridgedale, Saddlebrook and Walnut Shade.

Homes & Condo’s	This Week	Year to Date
	8/26/09 – 9/2/09	1/1/09 – 9/2/2009
New Listings	58	1,753
		0.11% of same period 2008
Sold Listings	20	374
		-24.44% of same period 2008
List to Sell Percent	90.8%	90.8%
Average Days on Market	114	135
		+13.45% of same period 2008

How Long will Your Home be on the Market?

If you are a homeowner in the price range of $450,000 – $700,000 you understand that the inventory in this market is taking quite some time to move.  In a recent article by Stewart Mednick, he discusses a formula that can be adapted at different price points to find out how long it will take for a home to sell. 

I applied Mednick’s formula to the real estate market in Table Rock Lake and Branson Missouri and adapted the price range to fit local conditions.  In the Tri-Lakes area, there 11 homes in this price range that have sold in 2009.  I divide that number by 6 (representing 6 months) = 1.8 homes per month sold.  In Branson West and Reeds Spring there are 34 homes on the market.  I divide 34 by 1.8 (number of homes that sell per month) = 18.9 months necessary to sell a house in this price range.   In Kimberling City, Lampe and Shell Knob there are 25 homes on the market.  I divide 25 by 1.8 = 13.9 months.

According to Mednick, this is important information that needs to be included in any marketing plan or market analysis.  This information is especially beneficial when considered with pricing the home in a price point that is most competitive.

Market Stats for Real Estate Table Rock Lake, Kimberling City and Branson Missouri (August 26, 2009)

Courtesy of Tri-Lakes Board of REALTORS©

Branson West, Galena, Indian Point, Kimberling City, Lampe and Reeds Spring.

Homes & Condo’s	This Week	Year to Date
	8/19/09 – 8/26/09	1/1/09 – 8/26/2009
New Listings	16	726
		-6.92% of same period 2008
Sold Listings	3	144
		-30.10% of same period 2008
List to Sell Percent	92.9%	90.7%
Average Days on Market	215	134
		+3.08% of same period 2008

 

Branson, Forsyth, Hollister, Ridgedale, Saddlebrook and Walnut Shade.

Homes & Condo’s	This Week	Year to Date
	8/18/09 – 8/25/09	1/1/09 – 8/25/2009
New Listings	43	1,701
		0.00% of same period 2008
Sold Listings	8	355
		-24.95% of same period 2008
List to Sell Percent	92.9%	90.8%
Average Days on Market	149	136
		+14.29% of same period 2008

Market Stats for Real Estate Table Rock Lake, Kimberling City and Branson Missouri (August 12, 2009)

Courtesy of Tri-Lakes Board of REALTORS©

Branson West, Galena, Indian Point, Kimberling City, Lampe and Reeds Spring.

Homes & Condo’s	This Week	Year to Date
	8/5/09 – 8/12/09	1/1/09 – 8/12/2009
New Listings	19	700
		-6.17% of same period 2008
Sold Listings	4	135
		-30.05% of same period 2008
List to Sell Percent	92.81%	90.7%
Average Days on Market	76	133
		+2.31% of same period 2008

 

Branson, Forsyth, Hollister, Ridgedale, Saddlebrook and Walnut Shade.

Homes & Condo’s	This Week	Year to Date
	8/5/09 – 8/12/09	1/1/09 – 8/12/2009
New Listings	42	1,618
		+0.31% of same period 2008
Sold Listings	11	330
		-26.01% of same period 2008
List to Sell Percent	92.81%	90.7%
Average Days on Market	127	135
		+13.45% of same period 2008

Dressing the House You Live In

Most buyers who are inquiring about real estate in Branson Kimberling City and Table Rock Lake are retiring, or looking for a second-home/vacation home, which in their mind should be the perfect opportunity for them.  That said, it becomes even more critical that the property is “show ready” at any given time.  It has been by experience the selling party will typcially feel stress wondering “How can I keep this house ready to show… and where are my things?  If you truly dress your house for sale, it’s going to be on the market for a short period of time before offers start coming in.  My recommendation:  simplify your life.  You are going to be moving soon anyway, so why not pack your things, purge the closets, and clean out the garage.  You will be amazed as to how little you will actually need over a period of 90-120 days.  In the process of simplifying your life, you will make your home stand out above the vast mix of homes and properties in the Ozarks.