The Berra's Lake of the Ozarks Real Estate Blog

Lake Real Estate Stats Through 10/31/13

November 5th, 2013 9:27 AM by Mike and Susie Berra

Lakefront Homes:
Year-to-date closings are 579 vs. 580 for the same period last year. Average sale price is $307,143, up from $279,796 in 2012. Bank owned waterfront sales have increased in 2013 by 18%.

Off-Water Homes: The number of closings on off-water homes have increased nearly 14% compared to the same period last year. Average sales prices have also increased. 2013 prices are $125,723 vs. $112,072 in 2012. Bank owned sales have decreased by 14% this year.

Condominiums: The number of new condo sales are up 30% in 2013 and resale condos are up 7% vs. last year. Average sales price on new condos is stable, whereas average prices on resale condos are up about 3% at $151,374. Bank owned condo sales are down 31% from 2012.

Land Sales: Lakefront lot sales are up 40% and off water lot sale are up 45%. Average sales prices have increased on both lot types. Average waterfront lot sale price this year is $173,392 and average off-water site price is $46,682. Bank owned waterfront site sales increased and off-water lots have decreased in numbers for 2013.

Commercial: There has been a large increase in the number of commercial sales this year. There have been 66 closings vs. 28 for the same period last year. Average prices have increased by roughly 15%, but bank owned commercial sales more that doubled in 2013.

Farms: 13 farms sold at this point in 2012 vs. 26 this far this year. Average sales prices have increased and there has only been one bank owned farm sale so far in 2013.

Summary: Total number of closings this year number 2,083, up from 1,832 in 2012. Total sales volume is up to roughly $390,000,000 from $323,000,000 last year. Bank owned sales are down 4% to 276 this year. There are currently 1,876 single family homes on the market. There are 1,483 lots/land available, 752 condos, 329 commercial properties and 63 farms.

Note: Data taken from Bagnell Dam Association of Realtors MLS

Posted in:General
Posted by Mike and Susie Berra on November 5th, 2013 9:27 AM



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