Shell Knob, MO Does Not Fit National Profile

By
Services for Real Estate Pros with Midamerica Referral Network

We turned another page over on the calendar.  It's time to check our sales numbers for September 2009.

September was  down to minus 62% from this same time last year.  There were 3 sales closed this year in Shell Knob, versus the 8 sales closed in September 2008.

Average sale price for those 3 sales was $174,000.  It took  about 245 days on the market to sell those homes.

But.... the evening news reported an increase in housing sales nationally.

Year- to- date, we have 37 properties closed.  2008 for the first 9 months reported 56 sales.  That makes Shell Knob down by -33.93%.

These continued low numbers do not reflect  reports being given on the major communication outlets, because we are a retirement and second home market.  We rarely get the First Time Home Buyers, where incentives are being given to stimulate the market.

Due to our retirement community, we also do not have  many foreclosures or short sales, which are also stimulating house sales in large cities.

2006 was a high point sales-wise in the Tri-Lakes area.  September of '06  135 homes were closed.  That dropped to  199 in 9/07; then 96 last year.

 

Call Joan for Shell Knob/Table Rock Lake Real Estate Information - 417-846-7128

Tri-Lakes Realtors  417-858-3344       

                                                                                    

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Topic:
Real Estate Market Trends
Location:
Missouri Barry County Shell Knob Shell Knob Neighborhood
Groups:
Resort Communities
Localism Beta
Vacation and Second homes
Tags:
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Rainer
229,238
Ryan Shaughnessy
PREA Signature Realty - www.preasignaturerealty.com - Saint Louis, MO
Broker/Attorney - Your Lafayette Square Real Estate Partner

Joan - I absolutely agree with your comment about sales activity.  National statistics - good or bad - don't tell the true tale of local markets.  National statistics are nearly meaningless for the local markets and point to the need for an experienced real estate agent to provide a true picture of the market --- and this often means reeducating the buyer/seller on local statistics and trends.

Oct 09, 2009 03:21 PM #1
Rainmaker
226,979
Joan Snodgrass
Midamerica Referral Network - Kimberling City, MO

Ryan:

Problem is - locals listen to the national reports, but think their property is not affected.  They continue to expect an inflated price for their homes.  Argh!

 

 

Oct 10, 2009 03:53 AM #2
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Rainmaker
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Joan Snodgrass

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