Monday, June 1, 2015

June Lake of the Ozarks Real Estate Update



This month I have compiled the data on lakefront home and condo sales for a 11 year overview of the market.  The chart represents sales in 2005 thru 2015 comparing January 1 thru May 15 of each year and was obtained from the Lake of the Ozarks/Bagnell Dam AOR MLS.
As you look at the average sales prices, you can follow the rising values up to 2008.  In 2009-2010 values as well as the number of sales began to fall then bumped up and down through today.  2015 Lakefront home sales had an 8.3% increase over 2014  The average sales price of lakefront homes also had a nice bump this year.   2015 Condo sales saw a huge increase of 42% over last year with the average sales prices down slightly.  Both lake homes and condos 2015 sales is the largest number sold since 2007
I realize that this data combines all property types and locations.  There are many areas that I see decent value increases while other still continue to remain stagnant or even lose value.  If you would like a detailed sales report and value for your specific property type or neighborhood, please contact me.
Michael has been selling real estate at Lake of the Ozarks since 1981.  He is one of the most respected brokers in the area.  If you would like to work with Michael in the sale or purchase of property, contact him at C. Michael Elliott & Associates at 573.365.SOLD.  You can also view each month’s article, ask questions and offer your opinion on his blog at www.AsTheLakeChurns.com  and Search and view thousands of lake area listings at www.YourLake.com

 

    LAKEFRONT HOMES SALES
YEAR #SOLD  AVG. PRICE  AVG. SF
2015 208  $     311,978 2415
2014 192  $     289,817 2293
2013 175  $     307,115 2422
2012 198  $     293,894 2312
2011 163  $     312,688 2442
2010 148  $     308,390 2345
2009 145  $     307,853 2065
2008 174  $     359,622 2164
2007 240  $     355,915 2146
2006 302  $     350,222 2248
2005 275  $     298,903 2223



    CONDOMINIUM SALES:
YEAR #SOLD  AVG. PRICE  AVG. SF
2015 206  $     151,982 1329
2014 145  $     164,797 1381
2013 169  $     149,215 1348
2012 158  $     151,388 1374
2011 128  $     150,397 1362
2010 123  $     167,035 1331
2009 108  $     171,859 1344
2008 195  $     194,494 1369
2007 300  $     197,564 1369
2006 363  $     171,174 1320
2005 360  $     161,035 1336

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