June 5th, 2011 7:31 AM by Mike and Susie Berra
Following are the real estate sales statistics for the Lake of the Ozarks area for the first 5 months of 2011. We will compare the numbers to the same period from 2010.
Waterfront Homes: The number of waterfront home sales is up 9% from the same period last year, but the average sales price of $313,034 is down 7% from last years average selling price. Waterfront bank owned sales are up 50% over the same period in 2010.
Off-Water Homes: The number of off-water home sales so far this year is 258 vs. 275 for the same period in 2010. The average sales price in 2010 was $107,115 and the average sales price in 2011 is $99,526. Bank owned sales are up 6% from last year and make up 42% of the off-water housing market.
Waterfront Condos: The number of waterfront condo sales is up nearly 4%, but the average sales price this year of $167,094 is down from last years average of $176,647. Bank owned waterfront condo sales are down 45% from 2010 and account for only 8% of the sales.
Off-Water Condos: The number of off-water condo sales this year is up 21% vs. 2010 and the average sales price is up 11%. Bank owned off-water condo sales have increased in 2011.
Waterfront Lots: Waterfront lot sales in the first 5 months of 2010 numbered 16 and there have been only 9 closed waterfront lot sales this year. Last years average sales price was $138,394 and this year the number has increased to $173,989. No bank owned waterfront lot sales so far in 2011.
Off-Water Lots: Sales of off-water lots in 2011 number 40 vs. 57 for the same period last year. Average price in 2010 was $55,176. Average price in 2011 is $38,571. Five bank owned lots sold this year.
Commercial: Sales of commercial property number 13 in 2010 vs. 13 this year. Four of these sales in 2011 were bank owned properties.
Farms: At this point in 2010, there were sales of 2 farms in the area and that number is the same for 2011.
Overall, there have been 669 closings at the Lake so far in 2011 vs. 682 closings for the same period in 2010. Bank owned property sales accounted for 22% of all sales at the Lake last year and that has risen to 23.6% for the first 5 months of 2011.
Note: Sales stats taken from the Bagnell Dam Association of Realtors MLS