July 1st, 2010 7:12 AM by Mike and Susie Berra
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