The slump in housing sales across the nation trickled down to the Tri-Lakes area in    the last half of 2008. Residential property sales were down 26% as compared to sales in 2007. Many people wish to move here, but are held back by the real estate market in their area and, in some cases, the decrease in their investments.

Average sales price of residential/condo listings decreased less than one-half percent. Also, these listings sold for 94.4% of list price. The price range with the most sales was the $100,000 to $200,000 range. Home sales in the $300,000+ range saw the least activity, accounting for only 15% of all sales.

Our company, Tri-Lakes Realtors, was again the top company in the area. Our firm had the largest number of sales and also the most sales volume in comparison to all the companies belonging to the Tri-Lakes Board of Realtors.

On the bright side, email inquiries, phone calls, showing appointments, and offers have picked up quite a bit since the new year began.

For a full report on 2008 sales activity, drop me an email or call me at 417-337-4422. I'll be glad to share that information with you.