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The Berra's Lake of the Ozarks Real Estate Blog
Lake Real Estate Sales Stats through 8/31/2014
September 4th, 2014 2:48 PM by Mike and Susie Berra
The following statistics are for January 1, 2014 through August 31, 2014.
The number of waterfront home sales has increased to 478 compared to 448 for the same period last year. Average sales price is at $296,359 vs. $312,520 in 2013. Bank owned waterfront home sales dropped by nearly 40% from last year with only 27 closed so far this year.
The number of off water home sales in 2014 is almost identical to last year. There have been 531 closings so far with average sales prices down about 5%, Off-Water Bank owned home sales have dropped by over 25% compared to 2013.
New Condo Sales:
There have been 34 new condo sales so far this year vs. 44 for the same period last year. Average sales price is $221,978, up from $208,222 in 2013. There have been only 2 bank owned new condo sales this year.
Resale condo transactions are down slightly this year at around a 5% decline. The average sales price is up by 9% compared to 2013. Bank owned resale condos sales have dropped from 19 to 9.
Villas and Townhouses:
The number of transactions is up slightly to 40 vs. 37 last year. The average sales price is also up around 3% to $278,017.
Lakefront lots and land:
Closed sales have dropped from 54 in 2013 to 38 this year. Average sales price is down also. Bank owned waterfront land sales are down 20%.
Closings of commercial property have decreased from 53 last year to 45 this year. Average sales price is up to $222,750 from $208,420 in 2013. Bank owned commercial sales are down 10% from last year.
Farm sales this year number 11 compared to 22 last year. Average farm price in 2014 is $191,545 vs. $260,260 last year. No bank owned farm sales in 2014.
Transactions are down around 2% from last year. Total volume is down about 4% and bank owned sales are down 20-25%.
Note: All data is taken from the Bagnell Dam Association of Realtors MLS.
*The average sales prices reported in the above data do not mean that market values are increasing or decreasing. They are merely indicators of the average price of homes sold in a particular period. All neighborhood and property values should be analyzed on a case-by-case basis.
Posted by Mike and Susie Berra on September 4th, 2014 2:48 PM
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