America’s most desirable entertainment destination is still getting more expensive as the average home price that sold in the Branson area increased from $154,664 from 1/1/05 to 10/23/05 to 163,809 in the same period in 2006, a 5.9% jump average sale price. This increase follows a 9.9% increase during the prior year.
The following data reflect the average sale price for homes sold in the Branson area from January 1 to October 23, in each year, from 2002 to 2006. These figures represent only those transactions which were recorded by the tri-lakes mls, including primarily Stone & Taney Co.
Number of home sales reported in Branson area:
2002 2003 2004 2005 2006
n/a 1079 1273 1409 1392
Average sale price per home sold in Branson area:
2002 2003 2004 2005 2006
$121k $120k $141k $155k $164k
Growth rate of average sale price of Branson area home:
2002 2003 2004 2005 2006
n/a (0.8%) 17.5% 9.9% 5.8%
After a two year double digit runup of average home prices in Branson, the market is slowing down. Higher interest rates and higher gas prices may have contributed to the soft landing we are experiencing now in home prices.
The average 4 year growth rate is a strong 8.5% in average home sale price. As the most popular drive to entertainment destination, Branson is positioned for long term growth. Fuel prices affect the economy around Branson, and the higher fuel prices last summer dampened the robust economy around Branson.
Many builders do not list their properties with the mls system and as a result, the data here do not include many homes that were sold by owner but would have boosted the average sale price. Many recent developments are higher end and will be driven average sale prices higher as these newer homes are sold in the secondary market. When the original buyers start selling their custom houses through realtors in Branson, it will drive values higher.
