The Berra's Lake of the Ozarks Real Estate Blog

2012 Real Estate Stats at Lake of the Ozarks
January 13th, 2013 8:20 AM

 

Here are the final numbers for real estate sales activity at the Lake of the Ozarks for 2012.

Lakefront Homes: 671 closed sales in 2012 vs. 584 in 2011. Bank owned lakefront home sales declined from 56 in 2011 to 44 in 2012. The average sale price in 2011 was $295,754 compared to $278,581 in 2012.

Off-Water Homes: 2012 saw 688 closed sales compared to 610 sales in 2011. Bank owned off-water home sales numbered 217, down from 230 in 2011. Average sale price in 2012 was $110,665, up substantially from $97,945 in 2011.

New Condo Sales: In 2011 there were 63 closings on new condos with a decline to 47 closings in 2012. Average sale price in 2012 was $207,483, up from $197,675 in 2011. Bank owned sales were at 4 in 2012.

Re-Sale Condos: In 2012 there were 473 closings on re-sale condos compared to 376 in 2011. Bank owned re-sale condo closings in 2011 were 34, and numbered 33 in 2012. Average sale price in 2011 was $153,760 and dropped a little to $149,060 in 2012.

Villas and Townhomes: 2011 saw 40 closings vs. 37 in 2012. Bank owned sales were at 9 units in 2011 compared to 11 in 2012. Average sale price for 2012 was $264,395, up from $247,427 in 2011.

All Other Property: The number of lakefront lot sales in 2012 were up substantially in 2012 compared to 2011, with average sales prices increasing  too. Non-lakefront land sales increased by 25% in 2012 vs. 2011 and average sales prices were up over 30%. Commercial sales in 2012 vs. 2011 were almost identical. There was an increase in the number of farms sold in 2012 compared to 2011.

Totals: The number of real estate transactions for all property types increased 15% in 2012 compared to 2011. The total volume of sales increased by 14% and Bank owned sales declined by 4%.

If you need information on a specific property here at the Lake, please feel free to give us a call.

Note: Data above is from Bagnell Dam Association of Realtors MLS


Posted in:General
Posted by Mike and Susie Berra on January 13th, 2013 8:20 AMPost a Comment

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