The Berra's Lake of the Ozarks Real Estate Blog

We are now at the middle of 2010, and this is what is happening in the real estate world at the Lake of the Ozarks:

*The number of waterfront home sales is down 5% vs. 2009. Waterfront bank owned sales are up to 17 in 2010 vs. 10 sales for 2009.

*Off-water home sales are up 21% vs. 2009. Off water bank owned home sales are more than double the number vs. 2009, and make up nearly 35% of all off-water home sales so far this year.

*Waterfront condominium sales are up 3% vs. 2009. Waterfront condo bank owned sales are way up with 24 this year so far vs. 5 at the same point last year.

*Off-water condo sales are down 26% from 2009 and bank owned off-water condo sales are up slightly.

*Lots and land sales are nearly identical for 2010 vs. last year. Bank owned lots/land sales are at 8 vs. 5 for the same period last year.

*The number of commercial property sales is down 27% in 2010 vs. 2009, and the number of bank owned commercial sales has increased.

*There were 13 farms sold in the Lake area at this point in 2009 and there have been only 2 farm sales so far this year.

To summarize, the number of closed sales at the Lake of all types of property for the first half of 2010 is up roughly 4%. In 2009, 9.8% of all sales for the first half were bank owned homes, and that number has risen to 20.4% in 2010.

Note: Statistics are taken from the Bagnell Dam Association of Realtors MLS