September Lake of the Ozarks Real Estate Update

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.

The breakdown of property types for 2013 year to date is as follows: Individual home sales account for 59% of the total number sales; lakefront homes 26.5% and non-lakefront homes were 32.2% . While there were more offwater home sales than lakefront, the waterfront homes accounted for 44% of the total sales volume and offwater homes were 22.1% of sales volume. Condominium units: 24% of total sales and 20% of total sales volume. Vacant lots: 10.6% of total sales and 5% of total volume. Of these lot sales, lakefront lots made up 3.2% of number sales and 3.4% of volume while offwater lots were 7.3% of number of sales and 1.6% of total sales volume. Commercial property: 3.1% total sales and 3.6% of total sales volume. Farms: 1.3% of total sales and 1.8% of total sales volume. Townhomes/Villas: 2.1% of total sales and 3.2% of total sales volume. 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 August, 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 cme@yourlake.com. 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