I usually use 3 tools to determine the price range for a property with a specific spec. I welcome you to use the same method.
1) Craigslist map view. Constrain to properties that are 2br and 2ba then look at the property prices in the locations that you are interested in.
2) Zillow or Trulia. Perform the same method above and start to determine the price / sqft for your desired property location and spec
3) Rentometer - not the most accurate, but still a fun tool worth mentioning. Put in the address and it will tell you what the rent range should be.
The last thing I always do is use googlemaps to take a look at the street view of the location. This will usually give me a good idea of the type of community.
Here are some stats -
Median rent: $900
Average rent: $1042
60% between: $708 – $1376
80% between: $533 – $1552
Generally top floor condo units have vaulted ceilings, which give you a feeling of more room and of course no one above you!! Having a lake view (even if limited) has value. Also, if you're considering using the condo for nightly rental, upper units will usually earn more per night. The advantage of the bottom unit will be savings on utilities. They will usually stay cooler in the summer. Also, if you have children or a dog, being able to walk out the back to the lawn and lake is a big positive. And with children, you don't have to worry about disturbing anyone below with their 'active feet'.
Hope that's helpful. I sell lots of condos in the Branson Lakes area and it really becomes a decision that you need to make based, not just on price, but how you'll use the unit. What's right for you and your family?
Definitely use a Realtor to help with the negotiations. He or she can also provide recent sales data to help you make an informed offer.... more
It truly depends on the individual property - it's specific location, how fixed up it is in comparison to the homes it is competing against, and it's price point. I've had some that went in less than a week, while others lingered for a year. We can give you market averages, but that is all that they are - each property must be considered on it's own. If you want good data, tell us neighborhoods (subdivisions), school districts, how updated the property is, what other amenities the home has in comparison to others in the area, is the basement finished, garage spaces, etc... more
The real estate market is unbelievable! There is a boom coming down the pipe also! The growth in the area can be attributed to many factors ,including the opening of a Commercial Airport May of 2009. There are several great deals now in and around the Airport . This area is one of the best areas in the Country to live with the Ozark Mtns , the 3 Lakes we have in the area ,the entertainment is plentiful ,and there is a growing economy that is open to growth . Come to Branson ,and see all it has to offer !... more
Right now, one bedroom condos on The Landing are listing between $176,000 and $335,000. Two bedrooms are $279,000 to $520,000 and a three bedroom is listed at $675,000. There are only a couple sold comps this year that are in the MLS, but a 2 bedroom sold this year for $350,000. Luckily, the Branson area has not been hit as hard by the housing crisis as other areas. According the MLS, the average sales price on condos throughout the area has actually increased while residential homes has stayed steady from 2007 to 2008.... more