The Berra's Lake of the Ozarks Real Estate Blog

Real Estate Sales at the Lake January through November 2013

December 4th, 2013 10:39 AM by Mike and Susie Berra

Single Family Waterfront:
For the first 11 months of 2013, there have been 636 closings with an average sale price of $307,368. In 2012 for the same period, there were 635 closings with an average sale price of $279,102. Bank owned waterfront home sales are up to 52 compared to 41 last year.

Off-Water Homes: Sales are up sharply this year with 715 closings compared to 638 closings in 2012. Average sale price is $124,681 vs. $111,376 for last year. Bank owned sales are down to 174 from 201 in 2012.

New Condos: Sales are up this year and number 58 compared to 46 last year. Average sale price in 2012 was $207,624 vs. $204,785 this year. Only 3 bank owned sales of new condos in 2013.

Resale Condos: Resale condo closings number 479 in 2013 compared to 450 in 2012. Average sale price is $152,323 vs. $148,393 last year.

All other property: The number of Villa and Townhome sales have increased with higher average sale prices. Lakefront lot sales are up nearly 50% with average prices up approximately 15%.  Off-water land sales are up near 40% with average prices up around 8%. Commericial property closings are over twice the number as 2013. Farm sales have nearly double this year.

Overall Stats: There have been 2,257 closings in 2013 vs. 2008 closings in 2013 and 1,711 closings in 2011. Bank owned sales have declined to 296 compared to 323 last year. Compare these stats to the "boom" year of 2005. In the first 11 months of 2005, there were 3,822 closings with a volume of over $670,000,000.

Current Listings:

Single Family/Villas- 1,764
Vacant land/lots - 1,449
Condominiums - 683
Commercial - 347
Farms - 60

Please note that "averages" are very general and are not specific to any one neighborhood or condo development. If you want to know the value on any specific property, we can help you.

Figures are taken from the Bagnell Dam Association of Realtors MLS
Posted in:General
Posted by Mike and Susie Berra on December 4th, 2013 10:39 AM



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