Where at the Lake is Mary Lou Stone?

Move over Carmen Sandiego! Where at the Lake is Mary Lou Stone?!? Hint: Inside looking out

Answer will be in next month's newsletter, or you can find it on our facebook page by clicking the button below.

Answer to last month's puzzle: Paradise

Latest Lake Real Estate Statistics

Above are statistics from our local MLS. Sales remain consistent in the past 4 months and days on the market are a positive sign our market has been strong. Average sale price has decreased, which is typical as the weather cools down and tourist season slows. Summer tends to command higher prices and demand. Properties that are priced correctly are still selling in a timely manner! We expect inventory to rise and the market to cool off slightly as the weather does.

Latest Missouri Real Estate Statistics

Above are the August 2023 Real Estate Statistics for Missouri. Sales in Missouri are beginning to trend downward and days on market have risen since last year. It's not as hot of a market as it was back in 2021 & 2022. Median sale price is hovering about the same as last year, as prices level off. Some of this could be due to rising interest rates and buyer hesitation.

For a more in-depth look at the past and current Missouri real estate statistics, click below. You'll be able to see detailed reports from 2015 to the present.

Click here for more info on Missouri's past and current Real Estate market!

Featured Listings

RESIDENTIAL

LOTS & LAND

CLICK HERE TO VIEW MORE LAKE AREA PROPERTIES FOR SALE!

Client Corner

Congratulations to the Ellerbrocks on the purchase of their home at the Lake! Thank you for trusting in our team throughout the home buying process. Wishing you many fantastic new memories!

Do you have a positive experience working with us? If so, please consider leaving us a review on our Google page (click the button below). We would really appreciate your feedback!

Mortgage Rates at 23-Year High

Provided By: REALTOR® Magazine

Melissa Dittman Tracey

September 29th, 2023

The higher borrowing costs are disappointing to home buyers and sellers who expected a lower rate environment this fall, NAR economist says.

As mortgage rates continue to rise, more Americans are feeling stuck in their current homes, unwilling or unable to move at today’s higher borrowing costs. The 30-year fixed-rate mortgage rose to a 7.31% average this week—the highest level since 2000, Freddie Mac reports.

“However, unlike the turn of the millennium, house prices today are rising alongside mortgage rates, primarily due to low inventory,” says Sam Khater, Freddie Mac’s chief economist. “These headwinds are causing both buyers and sellers to hold out for better circumstances.”

Indeed, economists are blaming the higher rates—which have floated above 7% for the last several weeks—as a leading culprit behind tumbling home sales. Contract signings fell 7.1% month over month in August. The real estate market is already slowed down as it heads into the even slower months of fall: In August, pending home sales were nearly 19% lower than a year ago, according to National Association of REALTORS®’ latest housing index.  

Jessica Lautz, NAR’s deputy chief economist, says home buyers are being squeezed by the higher borrowing costs. With this week’s 7.31% average for mortgage rates, the typical monthly loan payment on a median-priced home at $413,500 would be $2,270, Lautz says. For a newly built home with a price of $430,300, which is the median in that category, the monthly mortgage payment would be $2,362, she adds.



Freddie Mac reports the following national averages with mortgage rates for the week ending Sept. 28:

• 30-year fixed-rate mortgages: averaged 7.31%, rising from last week’s 7.19% average. A year ago, 30-year rates averaged 6.70%.
• 15-year fixed-rate mortgages: averaged 6.72%, increasing from last week’s 6.54% average. Last year at this time, 15-year rates averaged 5.96%.

5 Tips for Fall Home Maintenance: Keeping Your Nest Cozy and Safe

Provided By: HomeKeepr.com

September 14th, 2023

Hey there, homeowners! As the summer heat slowly gives way to cool, crisp air, it’s time to give your home some TLC. Fall is the perfect season to prepare your humble abode for the upcoming winter months. So grab a pumpkin spice latte and let’s dive into these 5 tips for fall home maintenance. Your cozy nest will thank you later!

1. Clean Those Gutters:

Okay, I get it. Cleaning gutters might not sound like the most glamorous task, but trust me, it’s crucial. With falling leaves and debris, your gutters can get clogged, which can lead to water damage and potential leaks. So grab a ladder, some gloves, and get those gutters spick and span. If you’re not up for the task, why not hire a professional? It’s a small investment that can save you a ton of headaches down the road.

2. Check Your Heating System:

Now that the cooler days are approaching, it’s time to make sure your heating system is in tip-top shape. Nobody likes stepping into a chilly home when it’s freezing outside. So, give your HVAC system a once-over. Change the filters, clean the vents, and make sure everything is functioning properly. It’s a small price to pay for a cozy and warm home during those chilly fall evenings.

3. Seal Up the Cracks:

As the temperature drops, you don’t want any cold drafts sneaking into your cozy space. Inspect your windows and doors for any cracks or gaps that could let in the cold air. Weatherstripping and caulking are great solutions for sealing up those pesky openings. Trust me, your heating bills will thank you, and you’ll be able to enjoy your hot cocoa in peace!

4. Give Your Fireplace Some Love:

Ah, the crackling sound of a fireplace on a chilly fall evening. But before you light that first fire, it’s important to give your chimney a good cleaning. Creosote buildup can be a fire hazard, so it’s best to have a professional chimney sweep come by and do the job. Plus, they can also inspect the fireplace for any signs of damage or wear. Once it’s all sparkly clean, you can cozy up and enjoy the warmth!

5. Don’t Forget the Outdoors:

Fall home maintenance isn’t just about the inside; your outdoor space deserves some attention too! Trim back any overgrown branches near your home to avoid any potential damage during those windy fall storms. Also, drain and store your garden hoses to prevent them from freezing and bursting. And while you’re at it, make sure your outdoor lighting is in working order, so your home stays well-lit and safe when the sun goes down earlier.

There you have it, folks! These 5 tips for fall home maintenance will help you keep your nest cozy and safe throughout the upcoming season. Remember, maintaining your home doesn’t have to be a daunting task. With a little bit of effort and a touch of autumn inspiration, you can enjoy a comfortable and inviting space all year round. So grab your checklist, put on some cozy socks, and let’s get to work!

Upcoming Lake Events

On-Goings at the Enclaves

Have you heard about the newest edition to the Grandview Community in Lake Ozark?!?

THE ENCLAVES are an addition to the Grandview Community; a fabulous, upscale development on Horseshoe Bend off of Carol Road. They are a wonderful alternative to condominium living at the Lake, with no one above or below. There are 14 planned villas, 5 which are complete and have sold and 4 which are complete and available for purchase.

Every villa has a fantastic view of the Lake and a wonderful floor plan. Each villa has 4 bedrooms, 3 or 4 bathrooms and features main level living, fireplaces, lakeside covered decks, 2 car garages and have many options and upgrades available. Boat slips in the community docks available, too!

Ready for you to choose the finishing touches! Samples now available at our office or we can send pictures via email!

The Grandview Community is comprised of homes villas and waterfront villas. Grandview is conveniently located in Lake Ozark, just minutes from restaurants, shopping, grocery stores, churches, golf courses, the water and more! Grandview amenities include community pool & clubhouse, private golf cart path to community docks, playground & basketball court, sidewalks and more! 90% of residents are year-round and enjoy holding monthly dinners and club house get-togethers, truly harboring a sense of community.

Click HERE to Take a Virtual Tour Inside The Newest Villas and Enclaves Building Site!

For more info or to request your FREE brochure (available digitally, too!) click the link HERE to send us a quick email or give us a call at the number below.

Call us to be the next resident at the Enclaves at Grandview!

573-280-3054