Ok, Mr Trump didn't specifically talk about Atlantis Island Condos while on the Good Morning America show a few weeks ago, but his statement about buying in a thriving economic location definitely describes The Lake Of The Ozarks area and Atlantis Island. The following is an article that was written right after The Don appeared on the ABC morning news show.
Donald Trump appeared in an interview segment with Diane Sawyer on Good Morning America Tuesday morning. Love him, or hate him, he does know his stuff when it comes to real estate. He didn’t mince words when describing the soft market and the opportunities for buyers.
"If you want to buy a house there's probably never been a better time," the real estate mogul said. "It's a tough market. It's a horrible market," he said. But "this is the absolute time to buy.”
According to Trump, the golden real estate rule of location, location, location still applies, which is why he suggested some consumers may want to consider moving to a city with a booming real estate market.
"You're just going to be better off," Trump said.
The Lake of the Ozarks is that type of vibrant market. In an article written by Nancy Hogland of the Lake of the Ozarks Business Journal the bleak housing picture that is portrayed by the national media does not represent what is taking place at Lake Of The Ozarks.
Some figures provided by Jeff Krantz of Remax show:
>Some 5,815 condominium, town home and villa units, representing developer investments
of $1.1 billion, are on the drawing board. In 2007, multi-family dwellings accounted for 30 percent
of all residential sales.
>Several more projects are in the works for “affordable family homes,” which, with an average
sale price of $146,237, comprise 19 percent of all home sales.
>Continued construction of residential “mid-level homes,” is expected. These single-family
homes and maintenance-free town homes and villas both off and on the water are priced on
average at $452,682 and currently represent 60 percent of all home sales.
>Luxury homes, with an average price of $1,770,433, comprise 18 percent of all residential sales.
With lakefront property at a premium, luxury home prices are expected to continue to rise at a
rapid rate.
Frank Christensen commented “Lake of the Ozarks has all the components necessary to handle the growth – infrastructure, commercial, full-time residential, a second-home market, an excellent healthcare
and school system. The Lake is growing in whole – not in part,”
John Garrett said that investing in Lake-area real estate was still a safe bet, using statistics to prove his point. He compared the outcome of investing $200,000 five years ago both in the stock market and in
Lake of the Ozarks real estate, using the average for all property types. “The Dow Jones Industrial
Average closing numbers for the last five years had an annualized percentage of increase of 8.9 percent per year on average. The S and P 500 had an annual increase of 9.28 percent during the same time period. Lake of the Ozarks real estate as a whole went up 13.2 percent during that same period,” he
said, adding that the $200,000 investment in the stock market would have risen to $306,316 if invested at 8.9 percent and $311,698 at 9.28 percent. “However, that same investment in real estate would have resulted in a return of $371,760 – and if you had used it to buy a lakefront lot, it would have been even higher.” Garret said money invested in Lake real estate 10 years ago earned an even greater return.
“In 1997 you could buy a condo for $92,683. Today that same unit would run you $199,322. I’m not sugar-coating this,” he said adamantly. “The numbers show our market is strong.”
In 2003, the average condo price per square foot was $93; in 2007 it was
$127; in 2008 it rose to $145.
The average condo, town home and villa price was $185,360 in 2006. It rose to $199,177 in 2007.
Christensen drove the point home by asking how many people wished they had purchased more property 10 years ago. Nearly every hand was raised. “Well, now that you know what to expect, it’s the time
to buy! Don’t wait another 10 years to invest in our area,” he said.
The owners at Atlantis Island Condos have seen the value in investing in the most unique real estate property in the Lake of the Ozarks area during this soft market.
Whether you are looking for a second home, vacation property, your retirement dream, an island getaway, a weekend retreat, or an investment property, Atlantis Island Condos is like nothing else!
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