SUNSET SCOOP

 

Hi. I would like to share some valuable information with you about Real Estate statistics for Branson according to Tri-Lakes Board of Realtors of Branson. Let us know if you would like additional information.

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Did you know that buying in the Branson area has never been better?

In 2004, the median sale price for condos was $86,532, and $141,536 for homes. In 2008, the median sale price for condos was $139,947 and $177,035 for homes. That’s an overall average increase of 10% per year for the last 5 years! In 2008, as compared to 2007, condo’s average sales prices increased by 13%, whereas residential sales prices decreased by 4%. Many investors have been coming to the area to take advantage of the steady growing market. Prices are still low and the growing continues! As reported by the City of Branson on January 7, 2009, new construction for 2008 surpassed the $100 million mark for the 4^th consecutive year. Branson is being called “recession resistant”.  For additional sales details, see the table below.

 

Real Estate Statistics for the Branson, Tri-Lakes area

2004 – 2008

 

						Avg Sales $ chg in 5 years	Avg Sales $ chg per year	Avg Sale $ chg since 2007
RESIDENTIAL
	2004	2005	2006	2007	2008
# of Sales	1,565	1,720	1,623	1,346	1,009
Avg List Price	$146,928	$165,104	$173,492	$190,729	$187,719
Avg Sales Prices	$141,408	$159,005	$167,876	$183,886	$177,035	25%	6%	-4%
List-to-Sell %	96%	96%	97%	96%	94%
Days on Market	134	120	110	111	121
Sales $ Total	$221,303,141	$273,489,064	$272,463,011	$247,326,886	$178,451,081
CONDOS
	2004	2005	2006	2007	2008
# of Sales	402	483	491	445	308
Avg List Price	$91,200	$116,691	$120,245	$128,784	$146,038
Avg Sales Prices	$86,703	$112,208	$116,415	$123,891	$139,947	61%	15%	13%
List-to-Sell %	95%	96%	97%	96%	96%
Days on Market	145	131	101	112	131
Sales $ Total	$34,854,544	$54,196,704	$57,159,632	$55,131,316	$43,103,565
LAND
	2004	2005	2006	2007	2008
# of Sales	645	999	923	680	320
Avg List Price	$75,714	$72,175	$78,839	$100,010	$117,064
Avg Sales Prices	$57,556	$64,349	$65,031	$84,537	$96,011	67%	17%	14%
List-to-Sell %	76%	89%	83%	85%	82%
Days on Market	314	303	258	210	226
Sales $ Total	$37,123,449	$64,284,769	$60,023,201	$68,006,559	$30,723,495

NOTE: These stats were compiled from the Tri-Lakes Board of Realtors of Branson, Missouri Marketing Activity Report

 

*Did you know that property taxes in the Branson area are among some of the lowest in the country?

For Branson, the rate is $4.67 per $100 of assessed value. For Taney County, rates vary from $3.9611 to $5.2981 and for Stone County they are $3.2892 to $4.6063, both per $100 of assessed value. Homes are assessed at 19% of market value. Example - for a house valued at $150,000 in Branson, the yearly tax would be approximately $1,200.

 

*Rates may be adjusted in August, 2009

 

Did you know that TIME magazine calls Branson “an opportunity waiting to happen”?

In an September 6, 2007 article entitled “Home Free”, TIME suggests rent to own. TIME says if you are 5 to 10 years out from retirement, you should buy your retirement home now while prices are low and use it as a vacation rental. Areas they mention include…”BRANSON, MO”.

 

At Sunset Nightly Rentals, we offer a unique combination of real estate sales and vacation rental management. We know rentals! If you are looking for a vacation property to put in a rental program, we have the expertise to help direct you to the locations and types of properties that will do best in a program. 

 

Did you know that WHERE to RETIRE magazine suggests Branson as a great retirement area?  WHERE to RETIRE says that few know that Branson has increasingly become a retirement magnet. They go on to say that entertainment has something to do with that, but more important are the area’s scenic beauties, its below-average cost of living and its down-home atmosphere. Lakes are one of the primary attractions to the area. WHERE to RETIRE says “Beyond its noted entertainment strip, this star in the Missouri Ozarks is a laid-back, scenic retreat”.     

 

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We look forward to continue to work with you on your real estate needs. Call us toll free at 1-866-804-8361 and don’t forget our websites at www.SunsetRealtyServices.com and www.SunsetNightlyRentals.com. You can also text or call me, Dustin Hall, at 417-699-1070. If sending a text, you can either text from your phone or send from the attached Alltel link. http://www.alltel.com/wps/portal/AlltelPublic/SendATextMessage

 

Dustin Hall

Broker/Owner

Dustin@SunsetRealtyServices.com

 

 

This entry was posted on Tuesday, January 13th, 2009 at 3:13 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.