The Berra's Lake of the Ozarks Real Estate Blog

Real Estate Stats at the Lake - 1/1/17 through 8/24/17

August 25th, 2017 1:11 PM by Mike and Susie Berra

Here are the sales statistics for Lake area properties from January 1, 2017 through August 24, 2017.

Waterfront home sales transactions are at 598 closed vs. 439 at this time last year. Total sales volume is up nearly $60,000,000 compared to 2016. Bank owned home sales declined by 22%.

The number of off-water home sales has increased from 584 to 621, and the total sales volume is over $13,000,000 higher than last year.  Bank owned home sales are down slightly.

New condo sales have increased by 20% with the dollar volume up about the same amount. No bank owned new condo sales so far this year.

The number of resale condos has jumped from 436 to 523. and the total dollar volume is up nearly $14,000,000. Bank owned sales are stable compared to 2016.

The number of villa and town home sales has decreased by roughly 19% and total dollar volume is down by $3,000,000. Bank owned sales have decreased by 50%.

Lakefront lot sales have increased from 34 to 59 compared to the same dates in 2016. Sales volume is up approximately $2.5 million. Bank owned waterfront lot sales numbered 5 so far this year.

Non lakefront land sales have numbered 110 compared to 169 last year. Total volume is down over $2.5 million. Bank owned off-water land sales have tripled.

The number of commercial sales has declined from 45 to 34 compared to last year. Bank owned sales remained constant at 5.

Farms sales went from 10 in 2016 to 12 this year. Total volume was similar and there have been no bank owned sales.

Overall, there have been 2,016 closed sales in 2017 vs. 1,782 last year. Total sales volume is up roughly $79,000,000.

These figures are only an indicator of numbers of sales and dollar volume of those sales. This is not to be construed as an indicator of individual property values. That can only be ascertained on a case by case study. If you want to know the market value of your property, we will be happy to help.

*Note: All sales figures are taken from the Bagnell Dam Association of Realtors MLS.

Posted in:General
Posted by Mike and Susie Berra on August 25th, 2017 1:11 PM



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