Wednesday, January 10, 2018

February Lake of the Ozarks Real Estate Update

     Following is a chart showing the breakdown of lakefront homes sold in 2017 by area.  Sales were widespread throughout the area and across a wide range of prices. 
     The total number of lakefront homes sold in 2017 was 950, this includes 10 that are not on the chart due to being located in areas outside of our main service areas.  The average square footage was 2350 and the average sales price was $335,141.  The median sales price was $260,000. 
     Currently on the market at the beginning of 2018 are 455 lakefront homes with an average square footage of 2903 and an average list price of $531,412.  The median list price is $349,350.

   
2017 LAKEFRONT HOMES SALES BY AREA
AREA #SOLD SQ FT  AVG $PRICE 
Horseshoe Bend 72 2212  $         340,963
Four Seasons 45 3833  $         743,765
Osage Beach 88 2806  $         375,822
Linn Creek 41 2255  $         297,785
Camdenton/Grnvw 61 2268  $         275,761
Climax Springs 116 2144  $         261,752
Shawn Bnd/SnrsBch 173 2300  $         321,371
Porto Cima 27 4969  $      1,057,204
Villages 6 4195  $         818,583
Stover 82 1791  $         211,062
Gravois Mills 112 2036  $         272,287
NorthShore 117 1920  $         251,227

Sales data obtained from the Lake of the Ozarks MLS covering the time frame from January 1, 2017 to December 31, 2017.
Michael Elliott has been selling real estate at the Lake of the Ozarks since 1981.  He is one of the most respected brokers in the area.  If you would like Michael’s assistance in the sale or purchase of property,  or have interest in a career in real estate, you can reach him at 573.365.SOLD or cme@yourlake.com  View thousands of lake area listings at www.YourLake.com $1 million plus homes at www.LakeMansions.com   You can also view each months’ article, ask questions and offer your opinion on Michael’s real estate blog, www.AsTheLakeChurns.com


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