There are many reasons why Branson is a wonderful place to live. Not only is it a lively city settled in the midst of the gorgeous mountain terrain of the Ozarks, but the 2016 real estate market here is prime for homebuyers looking for high-quality homes at a greatly reduced rate.
After suffering a blow during the economic recession, Missouri is showing signs of recovery, with the median home value priced at $135,200—a nearly 5 percent increase from 2015, with projections for a value increase of over 3 percent in 2017. Though foreclosures in the state have been tremendously regretful and extremely unfortunate, they have resulted in a major drop in prices on homes; for the first time in a long time, homebuyers here have built up their credit, are receiving loans, and are able to purchase homes once again.
Branson, in particular, has homes valued at an average of $144,700—above and beyond the state value, though down 3 percent from the city’s average 2015 home value. Here, homes range from one-bedrooms selling for $35,000 to 4- and 5-bedroom homes selling for upwards of $1.5 million, with the median listing price is set at $90,000 and the median closing price at $98,000. In comparison, the average listing price is nearly $175,000, meaning that buyers are scoring incredible deals on the spectacular, spacious homes in this vibrant entertainment capital with a small town-feel.
Mortgage rates in Missouri are in-line with the national average of 3.31 percent, falling within the range of 3.26 percent to 3.35 percent. Based on these rates, costs, and statistical projections, now seems to be the best time to buy a home in Branson and take advantage of the significantly low home prices, before market prices trend upwards again and fully recover.
Call or email the seasoned, dedicated real estate experts at Sunset Realty Services to set up a homebuyer’s consultation with our agents. At Sunset Realty Services, we’re more than happy to offer our industry expertise and local insider’s knowledge to help you in your journey to finding a new place to call home in Branson. Contact our office today to learn more about the many benefits of living in Branson and the myriad of astonishingly attractive homes that are available here.
Please contact us if you have any questions or comments.