Branson Real Estate Market Update

Here is a quick market update for those of you who like to know what’s going on in the Branson Real Estate world.

I ran some numbers that compare Jan 1, 2012 through July 3, 2012 to the same time frame in the previous year and some interesting and encouraging facts came to light.

Inventory continues to be absorbed – There are 1,949 listings on the Branson real estate market now compared to 2,146 from the same time in the previous year. This is a decrease in inventory by about 9%. This means there are fewer properties to choose from if you are out there looking for one to buy.

More Homes are Selling – As of July 3rd there were 732 sold residential listings, compared to 658 from 2011. This means that there are 11% more buyers out there buying this year.

The Average Sale Price is up – Today we are looking at an average sale price of $143,926 compared to $136,883 in 2011. This is only a 5% increase but it is HUGE news as this is the first time this has happened in three years in the Branson Real Estate Market.

Seller are still getting a little more than they were last year – The current list to sell ratio is 93.91% on average compared to 92.89% this time last year. The list to sell ratio is the selling price of a home divided by it’s list price. You want to price your home right if you want to sell and if you are a buyer, you may have to put that red pen back in your pocket and stop running round slashing prices.

For those of you interested in Branson Canyon there are new homes being built that are great investments.

Hope you found my Branson Real Estate Market Update helpful, now get out there and tell someone your Realtor is an expert!

Jeramie L. Worley GRI

Broker / Associate

The Community Real Estate Group, LLC

140 Canyon Crossing, Hollister MO 65672

Branson Real Estate Market Update

Author = Worley and Associates

Seven Things to Know about Branson Lakefront Homes for sale

Seven Things to Know about

Branson Lakefront Homes for sale

1.Lake front property at Table Rock Lake is at a premium! If you are looking for a lake front property for under $300,000 you will have a very hard time finding it and when you do, it will most likely be 20 years old and in need of considerable repair. The average cost of a four bedroom Lake View home in Branson, Hollister, Ridgedale or Blue Eye is: $471,042.  When everyone comes to town they want champagne but they are usually on a beer budget.

2.Table Rock Lake front homes are not maintenance free!If you are looking for a Table Rock Lake front property, you may consider a condo. You get all the comfort and privacy of a home on the lake, but none of the exterior maintenance.You will have to pull weeds and trim bushes the first two days of your family vacation.  Oh…you will also have to rake your leaves in the fall.

3.Most Table Rock Lakefront properties do not include amenities! It probably will not come with a pool and a 4000 sq ft clubhouse, game room and work out room.  Consider developments such as Point Royale, Branson Canyon, and Branson Creek which are not on the lake, but have great amenities that you may not have thought of.

Branson lakefront homes for sale

4. Table Rock Lakefront property is not generally 10 minutes from Branson. It is probably 20 minutes or farther to drive than you really want it to be.  Even if you have to squint, it’s still a lake view. Do a drive by and look at the view before you get excited.

5. Table Rock Lake view does not mean lake access. It may not be that close to the lake at all.   In many cases I’ve seen clients lease a slip about 10 min from their home simply because it is cheaper to lease at around $1,700 per year rather than $30,000 to buy.

6. You want to be On the lake not viewing the lake?You would rather be out there on it instead of looking at it all the time. If you blow your wad on the home…where’s the money to buy the boat?

7. Table Rock Lake view home versus money for other things.For the extra money you spend on a lake view, you could take $20,000 and buy a boat, $20,000 and buy a boat slip, and put another $20,000 in your kids college fund.  Tuition is on the rise, don’t you know 🙂

If you want to search the entire Branson / Tri-Lakes MLS for FREE please go to our website.

1.  They don’t buy a big enough property.  The two bedroom market is flooded.  You can spend 65K, but big deal…you will compete with every hotel and timeshare in town.

2.  They look for foreclosures or deals.  Why is the seller selling if it is such a good rental? Oooh…good question. No ones asks this. At Worley and Associates, when we represent a buyer, we ask for at least two year of Schedule E’s from the sellers tax return.  This way we can evaluate the estimated rate of return for your first year based on facts rather than opinions.

3.  They do not buy a rental in a community.  People look for communities like Branson Canyon, The Lodges at Table Rock Lake and Branson Creek because they have stayed here before.  Many people are looking for now on vrbo, homeaway and other vacation rental websites.  If the place they stayed at last year is booked. Guess who benefits?  People just want to know that you respond fast and that you are a real human…not the Hilton front desk…or they would have called the Hilton.

4.  They buy a rental with no amenities, such as a pool, clubhouse and walking trails. Some people like the seclusion and the long drive to the grocery store, but I can honestly say that  zero people asked for this when they call  to find out where my home is located.  Plus, another important thing in Taney County, you can not just buy a home in Branson and hope to put it on a nightly rental program.  There are rules and a process and you have to get the right approval.

5.  They buy a fixer-upper. You will spend more time and money fixing and less time renting.  Usually on an investment property, repairs are tax deductible but improvements are not, be sure to talk to a qualified tax manager to see what you can deduct.  The time it takes you to fix up a property can seriously eat into your profits, especially if you are attempting to do this during the peak season.

If you are looking for a night rental property in Branson, please search our website for FREE:

 

Seven Things to Know About Branson Lakefront Homes for sale

Author = Worley and Associates

 

Branson Park View Terrace Estates: New Homes

Branson Parkview Terrace in Branson commerce park

Branson Park View Terrace Estates is a Homeowners Association in the larger development called Branson Commerce Park.  Branson Commerce Park is a 300 Acre Development consisting of Commercial Building Lots and the 200 plus residential lots that make up Park View Terrace Estates.  This subdivision is being developed by Canyon Homes, which is the same company that builds the upscale, rustic, maintenance provided homes at Branson Canyon.  Branson Canyon is a top selling vacation and retirement home community with a unique style but the entry level price ranges there are in the $240,000 ish range. Branson  Park View Terrace was developed to give local buyers and transplants the opportunity to a home similar in quality and style that in a $160,000 to $215,000 range.  Buyers can expect 4 bedroom floor plans with more than one living area, a basement…finished or unfinished depending on your budget and a very clean cut neighborhood to live in.  Drive around Taney County and you’ll see a $1,000,000 home next to a trailer or a nice subdivision with no enforcement of neighborhood restrictions.

This is not what they want at  Branson Park View Terrace.  They are looking for uniformity and people who care about what they put (or don’t put) in their front yard.  For more information on this development you can call the listing agent.

{*UPDATE – Prices at Park View Terrace have taken a steep uptick as some new developments sometimes do.  After the first 6 homes were sold by Worley and Associates, the prices of the lowest price “Dogwood” model went from $137,900 to $145,000 then into the $160,000’s.  The market will eventually decide the price that the homes will settle on, but I thought it was important to note the progress and change.

If you go out to this development now you can choose from over 7 inventory homes on a variety of entry level type lots. *}

 Branson Park View Terrace Estates: New Homes

 

Author = Worley and Associates