The Berra's Lake of the Ozarks Real Estate Blog

Sales Stats at the Lake for 2016

February 9th, 2017 10:37 AM by Mike and Susie Berra

The number of waterfront home sales in 2016 declined by about 3% compared to 2015. The average sale price was $345,831 compared to $328,877 for the prior year. Bank owned sales declined slightly.

The number of off-water home sales in 2016 was up nearly 12%, with average sales prices up slightly to $133,985. Bank owned sales dropped nearly 25% to 85 sales.

New condo sales numbered 28 compared to 42 in 2015 and there were 0 bank owned sales.

Resale condos numbered 696, up from 610 the prior year. Average sale prices were stable. Bank owned sales were down by 47%.

There were 82 villa/townhome sales in 2016 vs. 61 in 2015. The average price was up to $292,647 from $268,171 in 2015. Bank owned sales doubled, but still remain low.

Lake front lot sale numbers were basically unchanged at 64 sales in 2016. The average sale price was stable as were the number of bank owned sales.

The total number of off water lots increased from 199 to 227 in 2016. Average price was down about 17%. Bank owned sales remained stable at 9.

Commercial sales numbered 70 in 2015 and 81 in 2016. There were no bank owned commercial sales.

Farm sales slowed in 2016 with 13 closings vs. 22 closings in 2015. No bank owned sales in 2015.

Overall, the total number of sales lake wide increased by 7%. The total sales volume was up 8% and the number of bank owned sales decreased by 20%.

These figures do not necessarily represent any value increases or decreases, but moreover is a reflection of market activity.

NOTE: Figures are taken from the Bagnell Dam Association of Realtors

Posted in:General
Posted by Mike and Susie Berra on February 9th, 2017 10:37 AM



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