GREETINGS TO ALL OF YOU – OUR VALUED FRIENDS AND CLIENTS!
May 6, 2008
LAKE AREA MARKET NEWS
Perhaps my tardiness in sharing information with you regarding the State of the Lake First Quarter in 2008 is an indication that we have been extremely fortunate to be busy these first three months! In spite of challenging weather conditions with all the snow and ice and rain, rain, and more rain, Team Jane Kelly Closed 25 transactions totaling $12mil+ in January, February and March. As of this writing in early May, our Closed transactions have increased to a total of 46 with sales volume of $21.5mil+ and we are in escrow for an additional $5mil. We entered 2008 with cautious optimism and remain so. We find that if we stayed focused, do not cut back in any way on our marketing efforts, seek out additional innovative ways to increase exposure for our clients, we will endure and realize success for our clients and ourselves.
MLS statistics continue to indicate fewer buyers taking advantage of our increased inventory and low interest rates. Our showings reports, however, show an increase in showing traffic – so there are a lot of buyers still sitting on the fence. Yesterday I had a great conversation with a very successful Personal Financial Advisor about a property he wants to sell to move up to a larger waterfront home. His thinking reflects that of the smart investor – that this is the BEST TIME TO BUY. While he might not meet his financial goals in selling the smaller home, he will be able to make up any deficit with the larger home. There is only so much lakefront and they aren’t making any more, so don’t miss out on this opportunity! Let us find you a great rental property to hold for your grandchildren’s college education or to cash in for your retirement years. J.Paul Getty was quoted as saying, “I buy when everyone else is selling.”
In March, RE/MAX Lake of the Ozarks hosted a real estate symposium for the media, builders, lenders, politicians, & local business owners to provide statistical data and information regarding how the Lake keeps moving and shaking during this housing crunch. It was met with great enthusiasm and I am proud of this company taking such a pro-active stance in the community. Some of the information shared indicates the Lake continues to experience growth as evidenced by some $870mil in approved projects and an additional $650mil in projects seeking approval in the Lake Ozark/Bagnell Dam area. Just as the original Bagnell Dam project in the 1930s provided jobs and growth during the Great Depression, these projects will continue to breathe life into the Lake economy. Right now, the touchiest subject is the tightening of credit for these investors to make these projects a reality. The rules for obtaining credit of any kind is in state of fluctuation and change. We look forward to getting back to an even keel. Our local financial resources have enabled us to keep our deals together and we have closed excellent loans for our clients.
Buyers – you are primed for opportunity time. Low Rates. Great Inventory. Excellent representation with a Buyer Specialist from Team Jane Kelly. Sellers – we have to keep looking at the market to be sure you are priced correctly and that your condition is the best it can be. We are finding excellent selling opportunities for you with our pro-active marketing strategy to include the Lake’s best selling Team plus a strong presence in the four leading real estate search sites (Google, Yahoo, Realtor.com and RE/MAX.com). We welcome your thoughts and insights and want you to know we care, we are there for you, and we want you to be our clients for Life!
Jane Denise Margie Christi Jordan Vicki Kathy Tom
Call us at 888-SEE-JANE (888-733-5263). Email us at www.janekelly.com.
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