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 |
