The Berra's Lake of the Ozarks Real Estate Blog

Lake Real Estate Stats for 2017
January 10th, 2018 10:47 AM

2017 was a good year overall for real estate at the Lake of the Ozarks. 

Single Family Waterfront Homes: 950 closed sales in 2017 vs. 744 in 2016. Average sale price is up slightly and bank owned sales were down to 21. 

Single Family Off Water Homes: 984 closed sales vs. 917 in 2016. Average sale price was up nearly 10% and bank owned sales declined by roughly 7%,

New Condo Sales: 32 closings in 2017 vs. 28 in 2016. Average sale prices were up around 15% and there were no new condo bank owned sales.

Resale Condo Sales: 852 in 2017 vs. 696 in 2016. Average values remained stable, but bank owned sales increased.

Villas and Townhomes: 63 closings in 2017; a drop from the 63 sales in 2016. Average prices remained stable and bank owned sales decreased.

Lakefront Lots and Land: 95 closings in 2017 vs. 64 in 2016. Average sale prices were down around 20%. Bank owned sales up only slightly.

Non-Lakefront Land: 193 sales in 2017; down from 227 sales in 2016, Values remained stable, but bank owned sales were up substantially.

Commercial: 59 sales in 2017; down from 82 sales in 2016. Average sales prices remained stable. Bank owned sales dropped by nearly 50%.

Farms: 21 sales in 2017 vs 13 sales in 2016. Average sale prices are lower and there were no bank owned sales.

Overall, transactions were up 14% in 2017 vs. 2016. Volume was up nearly 20% and bank owed sales were down slightly.

These figures are not to be construed as an opinion of value on any individual property. These are lake-wide averages and each home needs to be valued on its own. 

NOTE: Figures are taken from the Bagnell Dam Association of Realtors MLS

Posted in:General
Posted by Mike and Susie Berra on January 10th, 2018 10:47 AMPost a Comment

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