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    Monday, August 25, 2008

    According to an association, the lake homes prices are increasing. Many buyers are coming to this marketplace to buy houses thinking that property prices have fallen but the prices are still high. Even though the real estate transactions have reduced compared to last year, the selling price continues to rise at a faster rate. Residential real estate saw a gain in average selling prices from $271,000 to $283,000.The commercial real estate has also seen an increase in average selling price from $545,000 to $628,000. Prices of commercial property have increased in this area because of transportation and infrastructure developments.

    The prices in the states of Florida, California and Arizona have increased at a fast pace, but in the Lake of the Ozarks there has been a distinctive increase. The property tax in this area is less compared to other areas. The list-to-sell ratio in lake is 95 percent compared to other markets where the list-to-sell ratio lies between 60 and 70 percent.
      
     
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