Conda's Fall Market Update 2013

Conda’s Market Update

Fall 2013

Helping Clients Achieve Their Real Estate Goals—

One Property at a time!

Although the market continues to be challenging it also is steadily improving.  The market update chart on the following page will show both units sold and average sales price for several categories of property.  The number of lakefront home sales increased by 20% while the Average sales price rose slightly by 5%.  Likewise, non-lakefront homes increased by 25% in volume but rose in average price by 25%.  The new condo sales and volume stayed steady while new condos continue to clear off the market.  Resale condo sales volume increased substantially by 30% while value fell slightly by 2%.  The villa market improved in volume by 43% and in average sales price by 12%.  Lakefront lots finally began to sell and increased by 93% while value increased by 58%.  Non-lakefront lots increased by 70% and value climbed by 61%.  Commercial property increased by 94% in volume and 34% in value while farms climbed 188% in volume and 20% in volume. If you would like to know what has happened with the value of your property send me an email and I will run a detailed analysis.

 

  Sales--January 1 thru September 30

                                  2011       2012      2013       +-

Lakefront Homes
	Total Transactions		434	508	521	20%
	Avg. Sales Price		$298,192	$275,176	$314,236	5%
Non-Lakefront Homes
	Total Transactions		474	519	592	25%
	Avg. Sales Price		$98,276	$112,623	$126,294	29%
New Condo Sales
	Total Transactions		51	39	52	2%
	Avg. Sales Price		$197,690	$206,953	$203,323	3%
Resale Conda Sales
	Total Transactions		311	375	404	30%
	Avg. Sales Price		$154,591	$147,252	$151,234	-2%
Villas
	Total Transactions		28	26	40	43%
	Avg. Sales Price		$240,881	$265,755	$270,017	12%
Lakefront Lots and Land
	Total Transactions		30	40	58	93%
	Avg. Sales Price		$112,003	$139,479	$176,581	58%
Non-Lakefront Land
	Total Transactions		79	89	134	70%
	Avg. Sales Price		$29,318	$44,552	$47,348	61%
Commercial
	Total Transactions		31	24	60	94%
	Avg. Sales Price		$178,544	$224,063	$238,828	34%
Farms
	Total Transactions		8	12	23	188%
	Avg. Sales Price		$210,788	$152,096	$252,771	20%

Data obtained from the Lake of the Ozarks MLS based on all property types from 01/01/2011 thru September 30, 2013

  Thank you to all of my real estate clients for a fabulous year! I am grateful for the beautiful area I live in, great friends and family, and wonderful clients.  If you need any specific real estate information don’t hesitate to call or email. I am always happy to help! If you want to check out what is available go to www.condasells.com and register.

Check out Lake Events at

www.funlake.com

or

www.lakeexpo.com

Conda Davidson, Broker