Joan's Blog

June closed residential sales for Shell Knob, Eagle Rock and Golden, MO saw a 45% drop, when compared to June 2008.

 There were  only 5 closed homes in June, with an average sale price of $127,900.  The high sales price was $230,000.  Average days on market were 130.

The first half of 2009 tells the story.  Sales are down 45% this year.  2008 had 44 properties sold versus the 24 sold and closed this year.  The high sale of the year was $275,000.  This continues to leave the higher- end and luxury homes languishing.  Homes over $300,000 are just sitting month after month with few showings, if any.

This portion of the Ozarks is largely retirees or pre-retirees wanting to enjoy the lake now, with the goal of having their retirement here in the future.  We get few, if any, first time home buyers - or Virgin Buyers - as H&G tv likes to call them.  We have very few Repo's, so the so called 'Stimulus' money does not help us.

Our MLS Board sales showed a total of 107 properties closed in June, with a list to sell percent of 91.9.  Average sales price was $150,894.

Call Joan for all your real estate needs.   417-846-7128

Tri-Lakes REALTORS  417-858-3344                                                                                      

Sales trickled in slowly in Shell Knob in April 2009.  There were 4 or 5 properties closed, depending on where you look for the statistics, with a grand total of 12 closed for the year. That amounts to 3 sales per month!

If you were one of the lucky sellers, your property was sold for under $229,000 (which was the highest sale). The average sale price for the 4 sales was $128,125.

Prices and number of homes selling are still dropping here in the Ozarks. April of 2008 had 11 sales for an average price of $147,673. The average number of days on the market for current sales was 202. Last year at the same time, homes sold in an average of 104 days.

Have we hit bottom on this downward slide? We hope so. The phones are starting to ring again in REALTORS' offices. People are walking in and asking about lake property. The month of May typically is a busy one in Shell Knob real estate. It would be a good time to consider getting your lake house on the market.

Call Joan to sell your lake home in Shell Knob.  417-846-7128

Tri-Lakes Realtors  417-858-3344