This is the first time in many years that the average ask to sell ratio for condos has fallen under 100%.  While resale units are in the 95% to 98%, new construction has always kept this number over 100%, because the asking price of a new unit often does not include boat docks, upgrades, allowances, etc.  This number dipped below 100% for the first time in late June, and this means that now really is the best time to buy a Lake Condo.

The doom and gloom national press has tried to paint all real estate investments as bad, but wise investors know that all real estate is "LOCAL", and this local market is doing very well.  In fact, the most recent sales numbers show that while the dollar volume is indeed off a whopping 20% over last year, average and median prices are still going up!  If that is not the sign of a very healthy market, I'm not sure what is! 

Imagine when the pent up demand from the baby boomer buyers starts buying again, as we all know they will,  the buyers that wisely committed right now while the time is right are going to reap the benefits.  You know the old adage that "you make money in real estate when you buy, not when you sell" is really going to hold true when looking back at this current opportunity.   

 Call John Garrett today at 573-302-2320 for more market information or to start looking for a great opportunity.  Now more than ever you need a great agent that can advise you on how not to leave money on the table when purchasing.