Lakefront Home and Condo Sales
This month I have compiled the data on lakefront home and condo sales for a 10 year overview of the market. The chart represents sales in 2005 thru 2014 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 the 2008-09 time frame. In 2009-2010 values began to fall then bumped up and down through today. I cringe to say this, but based on what I see from working daily in this market as well as looking at the sales data, many properties are realistically worth what they were in 2005.
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