Despite the improvement with the sale of Lake Front homes we are seeing a decrease in the sales of homes off the water. In 2010 there were 377 homes sold off the water and in 2011 there have been 368 homes sold or 9 units less. That is a very moderate drop in sales and not something to get too excited about but the part to get a little concerned about is the drop in the average sales price. In 2010 the average sales price of a house off the water was $109,790 and in 2011 the average sales price is $99,039.
Overall I believe the real estate market at the Lake of the Ozarks to be better than it is in a lot of communities around the country but we still have our challenges to look forward to. If you would like to see more information about the real estate market feel free to contact me at John Farrell Real Estate Co.
