The Berra's Lake of the Ozarks Real Estate Blog

Good News for Lake Real Estate Sales in 2013
January 7th, 2014 9:33 AM




The year has come to an end and almost all Lake area real estate facts and figures are of a positive note.

Waterfront homes: Transactions are up from 2012, volume is up and average sales prices are up. Bank owned home sales, unfortunately, are up too.

Off-water homes: Transactions are up from 2012, volume is up, average sales prices are up and bank owned sales are down.

New condos: Transactions and volume are up and sales price average is down slightly. Bank owned sales are stable.

Resale condos: Transactions have increased from 2012, as well as total volume and average sales prices. Bank owned sales dropped significantly.

Villas and townhomes: Transactions have increased by 25%. Volume and average sales prices have increased. Bank owned sales dropped by 50%.

Lakefront lots and land: Transactions ave increased since 2012. Volume and average sales prices are up substantially. Bank owned sales up slightly.

Off water land: Transactions are up over 35%, volume has increased and average prices are up. Bank owned sales are down over 50%.

Commercial: Transactions have more than doubled in 2013 compared to 2012. Volume is up and average sales prices have increased. Bank owned sales doubled in 2013.

Farms: Transactions have increased and volume has increased, but the average price is lower. Only one bank owned farm sale in 2013.

Average prices are not proof of value increases or decreases. They are merely indicators of the price range in which properties are selling. All communities are different, and to find out what your lake property would sell for, just give us a call.

Note: All data taken from Bagnell Dam Assn. of Realtors MLS

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Posted by Mike and Susie Berra on January 7th, 2014 9:33 AMPost a Comment

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