January 6th, 2011 9:57 AM by Mike and Susie Berra
2010 vs. 2009
Another year has passed us by and it's now time to see what has been happening in the real estate world at the Lake of the Ozarks. The following statistics have been complied to let you know how 2010 has fared and how it compared to the sales activity at the Lake of the Ozarks in 2009.
Waterfront Home Sales: There were 513 closed single family waterfront home sales in 2010 vs. 525 sales for 2009, down just 2%. Of the waterfront home closings in 2010, 51 were bank owned homes compared to 31 bank owned home sales last year; an increase of over 60%.
Off-Water Home Sales: There were 611 closed single family off-water home sales in 2010 vs. 617 for 2009; a very modest decline. Of the off water home sales in 2010, 232 were bank owned homes, which is a huge jump from the 129 bank owned off-water home sales in 2009.
Waterfront Condo Sales: There were 398 waterfront condominium sales in 2010 vs. 378 waterfront condo sales in 2009; and increase of 5%. Of these 2010 sales, 49 were bank owned condos vs. only 12 bank owned waterfront condo sales in 2009.
Off-Water Condo Sales: There were 52 off-water condo sales in 2010 compared to 62 off-water condo sales in 2009; a decrease of 16%. Of the 52 sales in 2010, 10 were bank owned sales vs. the 11 bank owned closings in 2009.
Villa Sales: There were 19 closed sales of villas at the Lake in 2010 vs. 28 closed sales for villas in 2009; a drop of 32%. Of the 19 sales in 2010, 4 were bank owned sales compared to 5 bank owned sales last year.
Waterfront Lots and Land: There have been 41 closings of waterfront land in 2010 vs. 50 closings in 2009; a drop of 18%. There were 4 bank owned sales of waterfront land in both 2009 and 2010.
Off-Water Lots and Land: There have been 125 closings of off-water land in 2010 vs. 122 for 2009; a modest increase. There were 11 bank owned sales of off-water land in 2010 vs. 7 for last year.
Commercial: In 2010, there were 33 closings on commercial property, down just one from 2009. Of these 33 closings, 7 were bank owned properties vs. 5 for 2009.
Farms: There were 7 closed sales of Farms in 2010 vs. 20 for 2009. Of the sales, there was 1 bank owned property sold in 2010 and 1 in 2009.
Bank Owned Sales: Bank owned sales for all property types for 2009 numbered 210. Bank owned sales for all property types in 2010 numbered 373. That is an increase of 78% compared to last year. As of today, there are approximately 246 bank owned properties for sale in the lake area.
Following are the listings currently available at the Lake.
Residential: 1,825 Condo: 911 Lots and Land: 1,758 Commercial: 360 Farms: 82