Whether it was the weather or the economic forcast, January was a big zero for real estate sales in Shell Knob, MO Only one property went into escrow. The sale was for a small home, which sold for $106,000. No lots or land were sold, but the ice storm cannot be blamed for all the inaction.
This is largely a second home, lake home and retirement area. Clients who had planned to retire next year, and line up their retirement home this year, are now rethinking if and when they can afford to retire.
They have questions about personal funds and investments, how big a loss did their savings take?
Will their present home still be worth the $500,000 it was three years ago?
Will the home actually sell, or languish on the market for a year?
Do they need to plan on working two more years before retiring?
February is showing signs of improvement. Lake property becomes more active as spring approaches.
CALL JOAN FOR LAKE HOME INFORMATION - 417-858-2209
TRI-LAKES REALTORS 417-858-3344