How the Latest Real Estate Technology Can Help You

We recently started using a 3-D camera. This cutting-edge technology can help both homebuyers and sellers in many ways.

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Looking to sell in Lake Ozark? Get a free Home Price Evaluation

On our real estate team, we work with the latest, greatest technology to make your job as a homebuyer or seller much easier. 

One brand-new tool we started using is a 3-D camera. This camera can build virtual tours of your home. We have done a few open houses with this technology, hosted 3-D tours on Facebook, and shared these images with potential buyers. 

There are several different ways to look at these 3-D images. You can use your computer, phone, or products like Google Cardboard to get a true 3-D experience. Buyers can feel like they are in your home without having to leave the comfort of their own. 

Unfortunately, as a real estate agent, it’s common to hear buyers say that they are disappointed when they come to see a house in person. With 3-D images, you cannot hide anything. These 3-D tools help save you time as a buyer because you won’t waste time looking at disappointing properties. 

3-D images help buyers feel like they are standing in your home.

If you list your home with us, we use these 3-D cameras for advertising to generate more interest for your home. We post the images on social media sites like Facebook or LinkedIn so that potential buyers can interact with your listing on their computers. These 3-D images can get more calls about your property than traditional marketing. 

Finally, if you are a buyer with a buyer’s agent on our team, you can call your agent and request a virtual tour of a specific listing before you drive out to it for a showing. The buyer’s agent will go out with our 3-D camera and put that virtual tour together for you. 

If you have any other questions about our 3-D camera or about real estate in general, give us a call or send us an email. We would be happy to help you!

Your 2017 Lake Ozark Market Update

Our economy is expected to grow in 2017, but what about our local real estate market? These figures should key you in. 

Looking to buy in Lake Ozark? Get a full Home Search 

Looking to sell in Lake Ozark? Get a free Home Price Evaluation

With the new year well underway, today I want to talk about what the rest of 2017 holds for our Lake Ozark real estate market. 

If you’ve been following the news lately, you might’ve heard that the stock market recently went over 20,000 for the first time ever. That means that businesses expect the economy to grow and the new administration to have fewer regulations and fewer taxes. 

How does this impact our market? Let’s start with condos. During the height of the downturn in 2007 and 2008, there were about 1,600 condos for sale. This morning, we had around 488 listed for sale. At this time last year, that number was 800. Of the 488 condos currently listed, only 322 have docks, which is what most people in our area look for when browsing condos for sale. Because inventory is obviously very low in this category, if you have a condo that you want to sell, now is the time to put it on the market. We expect the market to stay strong, but we can’t predict the future, and interest rates are expected to creep up. 

On the flip side, prices for condos are still very reasonable. Last year at this time, the median sale price for them was $136,500. This year, the median sale price so far is $145,900. That’s a significant increase, but still within range for most buyers. Though condos are the most popular type of home to sell in our area, the lack of inventory has also affected buyers. In January 2016, we were able to sell 100 condos. In January of this year, we only sold 69. It’s not a matter of people not looking; it’s more that they can’t find a quality product within their price range. 

Inventory is low for both condos and houses.

Lakefront homes face a similar situation as condos, just not as drastic. In January 2016, we sold 152 homes. In January of this year, we sold only 82. That’s a drop in sales of 46%. Last year, the median price for lakefront homes was $250,000. This year, it’s $280,000. 

The most popular price range for lakefront homes right now is from $300,000 to $350,000. If you venture over the $500,000 price range, the market is much softer, so if you’re looking for a luxury lakefront home, now is a great time to pounce.

If you have any questions about our market or are thinking or buying or selling, please feel free to reach out to us. We’d be happy to help!