The Berra's Lake of the Ozarks Real Estate Blog

11 Months of Real Estate Stats at the Lake
December 2nd, 2014 12:31 PM



Here are real estate statistics for the Lake of the Ozarks from January 1, 2014 through November 30, 2014.

Lakefront Homes: Transactions total 680 for 2014 vs. 636 for 2013. Average sales price is $299,745 compared to $307,345 last year. Bank owned sales are much lower for 2014, numbering 29 vs. 52 in 2013.

Off-Water Homes: There have been 712 sales this year so far compared to 717 in 2013. Average sales price in 2014 is 121,897 compared to $124,503 last year. Bank owned sales have dropped to 137 vs. 176 in 2013.

New Condos: 44 new condos have closed in 2014 vs. 58 last year. Average sales price in 2014 is $225,483 compared to $204,785 last year. Bank owned new condo sales numbered only 2 this year.

Resale Condos: There have been 484 closings of resale condos in 2014, up slightly from 481 sales last year. Average sales price is $158,897 vs. $152,582 last year. Bank owned sales are down substantially from 21 in 2013 to 13 this year.

Villas and Townhomes: There have been 57 closings in 2014 vs. 47 in 2013. Average sales price is $282,859 compared to $289,695. Bank owned villa/townhome sales number only 2 this year.

Lakefront Lots and Land: There have been 54 closing this year and there were 66 at this time in 2013. Average sales price is $84,977 vs. $169,238 last year. Bank owned sales were down to 8.

Off-Water Lots and Land: 137 sales closed in 2014 compared to 159 in 2013. Average sales price is $34,319 vs. $46,171 last year. Bank owned sales numbered 7 compared to 6 in 2013.

Commercial: There have been 64 closings so far this year compared to 71 last year. Average sales price in 2014 is $206,2014 vs. $237,608 in 2013. Bank owned sales declined from 23 last year to 17 this year.

Farms: Farm sales number 16 this year compared to 27 last year. Average sales price is $199,722 compared to $243,786 in 2013. Bank owned sales are at zero this year.

OVERALL: The number of transactions in 2014 are down ever so slightly from 2013. They number 2,248 compared to 2,262 in 2013. Total volume is down by $6,000,000+/-  to $419,244,381. Good news is that bank owned sales have dropped from 299 to 215.

NOTE: The above referenced sales price average do not indicate increasing or declining values. They are merely indicators of the price range properties that are selling. All property should be valued on an individual basis. All data is taken from the Bagnell Dam Association of Realtors MLS.


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Posted by Mike and Susie Berra on December 2nd, 2014 12:31 PMPost a Comment

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