What is going on with Condo sales at the Lake of the Ozarks?
|
Date |
New |
Sold |
Avg |
DOM |
|
Sep 2006 |
90 |
28 |
$200,371 |
95 |
|
Oct 2006 |
107 |
104 |
$193,949 |
152 |
|
Nov 2006 |
66 |
63 |
$201,651 |
119 |
|
Dec 2006 |
86 |
48 |
$182,759 |
167 |
|
Jan 2007 |
169 |
49 |
$175,108 |
143 |
|
Feb 2007 |
146 |
48 |
$199,387 |
187 |
|
Mar 2007 |
197 |
75 |
$187,777 |
146 |
|
Apr 2007 |
138 |
102 |
$191,409 |
170 |
|
May 2007 |
155 |
106 |
$219,490 |
136 |
|
Jun 2007 |
219 |
83 |
$193,180 |
156 |
|
Jul 2007 |
230 |
91 |
$194,114 |
168 |
|
Aug 2007 |
275 |
107 |
$200,845 |
172 |
|
Sep 2007 |
215 |
82 |
$202,103 |
228 |
|
Oct 2007 |
144 |
49 |
$199,358 |
149 |
|
Nov 2007 |
115 |
40 |
$208,896 |
243 |
|
Dec 2007 |
60 |
40 |
$198,212 |
210 |
|
Jan 2008 |
145 |
31 |
$201,379 |
206 |
|
Feb 2008 |
149 |
34 |
$203,446 |
216 |
|
Mar 2008 |
206 |
69 |
$202,451 |
225 |
|
Apr 2008 |
169 |
52 |
$184,379 |
199 |
|
May 2008 |
204 |
67 |
$190,854 |
229 |
|
Jun 2008 |
119 |
73 |
$206,826 |
166 |
|
Jul 2008 |
193 |
72 |
$231,653 |
180 |
|
Aug 2008 |
161 |
59 |
$176,262 |
251 |
|
Sep 2008 |
92 |
30 |
$179,371 |
204 |
As this chart shows, August 2008 was a slow month for condo sales, but the average price is increasing for the month of September, and hopefully we’ll see a big number for closings, since most closings happen towards the end of the month. The average price is going back up for September as well. Days on Market (DOM) is still way to high,but that is just the way it’s going to be for a while in this market.
If you have any questions about this information, or buying or selling a condominium at the Lake of the Ozarks, call John Garrett today at 573-302-2320.
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