The Berra's Lake of the Ozarks Real Estate Blog

Real Estate Stats at the Lake as of 2/28/2014

March 5th, 2014 2:46 PM by Mike and Susie Berra

Waterfront Homes:
Transactions on waterfront homes are up to 70 compared to 57 at this time last year. Average sales price so far in 2014 is down around 9%. Bank owned waterfront sales are up slightly.

Off-water Homes: Off-water transactions are down substantially at 76 compared to 107 at this time in 2013, but the average sale price is up from $102,370 to $134,904. Bank owned sales are way down. There were 34 for this period last year compared to 18 in 2014.

New Condo Sales: There have been 4 closings in 2014 compared to 5 last year. Only one bank owned closing so far this year.

Resale Condos: The number of closings is down to 27 vs. 41 in 2013. Average sale price is up by roughly 16%. There have been no bank owned resale condos this year.

Villas and Townhomes: The number of sales has doubled so far in 2014 compared to 2013. Average price is similar to last year. No bank owned sales so far in 2014.

Lakefront Lots and Land: Transactions are down substantially to 5 compared to 14 last year. Average sale price is up 40%. Bank owned sales number 3, which is the same as 2013.

Non-lakefront Land: Transactions are stable at 21 for the year. Average sale price is down around 30%. There have been 2 bank owned sales so far this year.

Commercial: The number of commercial sales is down from 2013. There were 9 last year and 6 so far this year. Two bank owned closings of commercial property in 2014 vs. 1 closing last year.

Farms: There have been 3 closings on farms in 2014, the same as 2013. No bank owned farms sales in 2014.

Summary: Total sales transactions are down to 216 in 2014 vs. 259 last year. Total volume is fairly close to 2013. Bank owned sales have decreased to 37. There were 52 bank owned sales last year.

Current Inventory Consists of:

Residential: 1,634
Lots: 1,354
Condos: 696
Commercial: 344
Farm: 52

*Average sales prices do not necessarily reflect falling or rising real estate values. They are merely indicators of the average price range of properties that are currently selling. Individual market values are based on "similar or comparable" sales in the market, whereas average prices take all sales into account.

NOTE: Data is taken from the Bagnell Dam Association of Realtors MLS
Posted in:General
Posted by Mike and Susie Berra on March 5th, 2014 2:46 PM



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