The Berra's Lake of the Ozarks Real Estate Blog

What's happening with real estate at the Lake of the Ozarks???

February 7th, 2009 9:36 AM by Mike and Susie Berra

Following is the active inventory at the Lake of the Ozarks as of today. Residential: 2,104, Condos: 1,394, Lots: 2,387, Commercial Property: 428 and Farms: 80. There have been 95 closed sales in the past 5 weeks and there are 215 properties currently under contract. The recent warm weather has resulted in more showings on our office listings. The speculation that the 2009 stimulus package may contain a $15,000 home buyer tax credit (primary residence), along with a possible 4%-30 year fixed rate mortgage has a lot of people very interested in real estate. We are only 7 weeks away from Spring time... not that I am counting. We look forward to seeing all of you here very soon. If you have any questions, comments or suggestions, please feel free to post them here. Have a great week!
Posted in:General
Posted by Mike and Susie Berra on February 7th, 2009 9:36 AM

I would be interested in knowing what price ranges are generating the most closed sales. While it's early in the year, is there a price range that is more active?
Posted by Mike LeGay on February 8th, 2009 9:53 PM

Feb. 9, 2009: Statistics for 2009 so far indicate that the average sales price for waterfront homes would be in the $275,000 to $280,000 price range with a median price of $242,000. Off-water home sales in 2009 are averaging around $115,000 with a median price of $100,000. Condominium average prices are at $175,000 with a median price of $153,000. There are currently 200+ properties under contract, so that figure could easily change in the next month or so.
Posted by Mike and Susie Berra on February 9th, 2009 6:59 AM



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