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Condo Market Statistics Lake of the Ozarks, Missouri October 2011

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October 2011- Lake of the Ozarks Real Estate Condo Market Statistics

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Page 1: Condo Market Stats

Condo Market StatisticsLake of the Ozarks, Missouri

October 2011

Page 2: Condo Market Stats

0

20

40

60

80

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

14

24

2926

44

48

60

5553

57

36

22

13

2729

42

3841

50

59

5053

35 35

15

22

28

43

54

48 48

71

59

Chart 1

201120102009

Condo Units Sold

Page 3: Condo Market Stats

Condo Units Sold Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

201120102009

15 22 28 43 54 48 48 71 59

13 27 29 42 38 41 50 59 50 53 35 35

14 24 29 26 44 48 60 55 53 57 36 22

Condo Units Sold

Page 4: Condo Market Stats

<100,000

100,000-150,000

150,000-200,000

200,000-250,000

250,000-300,000

300,000-350,000

350,000-400,000

400,000-500,000

500,000-600,000

600,000+

0 10 20 30 40

0

18

24

40

26.4

40.8

23.647

19.721

17.959

22.708

Chart 1

Month's Inventory

October 2011 Condo Absorption Rates

Understanding Absorption Rates How long will it take to absorb the current number of homes and condos listed? This is expressed as Absorption Rate (AR). The AR is

calculated on the numbers of like-kind properties (this is an apples to apples comparison) that have sold in the last 12-month period. Once you have the number of listings sold, you divide by twelve to give you a per month number absorbed by the market or Absorption Rate. Then you take the number currently on the market and divide by the Absorption Rate and that gives you the number of months it

will take to sell everything currently on the market. This does not count any new listings that hit the market. Of course, if the market gets better, or worse, this figure will change.

Page 5: Condo Market Stats

Price Active Sold Past/Yr Sold/Month Month's Inventory<100,000 123 65 5.41666666666667 22.7076923076923

100,000-150,000 220 147 12.25 17.9591836734694

150,000-200,000 212 129 10.75 19.7209302325581

200,000-250,000 134 68 5.66666666666667 23.6470588235294

250,000-300,000 85 25 2.08333333333333 40.8

300,000-350,000 33 15 1.25 26.4

350,000-400,000 20 6 0.5 40

400,000-500,000 6 3 0.25 24

500,000-600,000 3 2 0.166666666666667 18

600,000+ 2 0 0 0

Total 838 460

October 2011 Condo Absorption Rates

Page 6: Condo Market Stats

$120,000

$135,000

$150,000

$165,000

$180,000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

$148,750

$180,000

$172,000

$162,000

$140,000

$144,950

$163,850

$155,000 $155,000

$170,000$167,500

$161,500

$149,950$152,000

$172,000

$166,950 $166,750

$156,550$159,000

$144,000$146,250

$140,000

$174,000

$149,500

$134,900

$158,000

$149,000

$140,000

$164,000

$139,000

$143,750

$160,000

$154,450

Chart 1

201120102009

Condo Median Sell Price

Page 7: Condo Market Stats

Condo Median Sell

Price Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec201120102009

$134,900 $158,000 $149,000 $140,000 $164,000 $139,000 $143,750 $160,000 $154,450

$149,950 $152,000 $172,000 $166,950 $166,750 $156,550 $159,000 $144,000 $146,250 $140,000 $174,000 $149,500

$148,750 $180,000 $172,000 $162,000 $140,000 $144,950 $163,850 $155,000 $155,000 $170,000 $167,500 $161,500

Condo Median Sell Price

Page 8: Condo Market Stats

100

150

200

250

300

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

166158

218

151

165

155

169

221

260

203

272

196

144

182

163156

238

283

248

148

189

206

192

205

154

199

180

257

221

200

230

220

180

Chart 1

201120102009

Condo Average DOM

Page 9: Condo Market Stats

Condo Avg DOM

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

201120102009

154 199 180 257 221 200 230 220 180

144 182 163 156 238 283 248 148 189 206 192 205

166 158 218 151 165 155 169 221 260 203 272 196

Condo Average DOM

Page 10: Condo Market Stats

90.00%

92.25%

94.50%

96.75%

99.00%

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

95.14%

96.37%

97.95% 97.88%

97.08%

95.91%

96.58%

96.04%

96.83%

96.23%

95.48%

98.69%

93.54%

95.89%

97.87%

94.80%

96.25%

93.94%

96.19%

95.03%

94.56%94.21%

91.67%

94.47%

96.18%

94.20%

93.39%

95.24%

94.34%

95.10% 95.15%

94.28%

95.35%

Chart 1

201120102009

Condos List to Sell Ratio

Page 11: Condo Market Stats

Condo List-Sell Ratio Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2011

2010

2009

96.18% 94.20% 93.39% 95.24% 94.34% 95.10% 95.15% 94.28% 95.35%

93.54% 95.89% 97.87% 94.80% 96.25% 93.94% 96.19% 95.03% 94.56% 94.21% 91.67% 94.47%

95.14% 96.37% 97.95% 97.88% 97.08% 95.91% 96.58% 96.04% 96.83% 96.23% 95.48% 98.69%

Condos List to Sell Ratio

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