According to our local statistics, Branson single family homes sales last month total was again only 19 single family, built-on-site homes with the highest priced one selling for $650,000 and the lowest priced one selling for $60,000. The medium price is down to $140,000. Not good news for Branson home owners or sellers. 10 homes were short-sale and foreclosure sales and that is more news we really did not need. That is an increasing influence by the distress sales market in our Branson Market and not the good sign we have been looking for!
There were 9 condos reported to have closed escrow last month, which is 1 more than the previous month. The sales prices ranged from $198,000 to $28,700 with the median price of $65,000, which is unchanged but 5 were REO/Short sales. This is a short-sale and foreclosure influence in the Branson Condo Market over 50% which is not the good news I wanted to report. As you can see on the graph below, we are downward trending.
Market information for land, farm, mobile-home sales and more information is available by request. Call or email me, with no obligation on you. Real estate is always local and we have had no problem getting financing for good buyers and a fair price for good property. Naturally, whether you should buy or sell depends upon your particular circumstances more than any other factor.
If you would like to go over your situation and get an honest evaluation of whether you are in the right “timing” or not, I will be glad to help. You can aslo see what is going on in the market today: