Friday, September 27, 2013
Last month’s chart detailing the total number of sales per year for the last decade showed that the total property closings has continued to rise each year since 2009 and that the overall average sales price rose this year for the first time since 2006. By extending my research back to 2002, I realized that this year’s sales rank as the fifth highest in a 12 year review falling behind only the peak years of 2004 through 2007. Overall Condos sales and values are continuing to rise. I have selected a segment of the condo market to demonstrate the trends over the past decade showing the sales of two bedroom, waterfront units with boats slips in the chart 1 below. As you can see, in 2004 this unit type brought an average $116,704 sales price. Average pricing peaked in 2007 at $149,131 and the low point was last year’s $118,235. This year’s average has risen to $123,362. Also, in chart 2, I have detailed the sales of lakefront homes built in the 20 year span from 1980 to 2000 with 75’ – 125’ of waterfrontage and square footage of 1200-3000. Average prices have been up and down over the previous 4 years in this particular segment but the current values appear to show signs of stability with some modest growth over the low point in 2010. Data has been obtained from the Lake of the Ozarks MLS based on all property type sales over the time frame from January 1, 2004 to September 20, 2013 and all other times represented in the data. This just a summary of sales here at the lake. If you would like a detailed sales report and value for your specific property type or neighborhood, or would like information on the best buys at the lake, contact C. Michael Elliott & Associates at 866.Your.Lake or firstname.lastname@example.org. You can view thousands of lake area listings with photos and virtual tours at www.YourLake.com. You can also log your opinions on Michael’s real estate blog, www.AsTheLakeChurns.com
Tuesday, September 3, 2013
The number of properties sold and average sales prices continue to climb this year. Shown below is a chart listing the total number, sales volume (total of dollar volume closed) and average sales price of all properties sold at Lake of the Ozarks in the past 10 years.