Grand Lake 2016 Year End 10 year charts - Real Estate Trends
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Transcript of Grand Lake 2016 Year End 10 year charts - Real Estate Trends
![Page 1: Grand Lake 2016 Year End 10 year charts - Real Estate Trends](https://reader031.fdocuments.net/reader031/viewer/2022030302/587e4f7d1a28abeb1a8b5c0f/html5/thumbnails/1.jpg)
PRESENTED BY:
Jeff SavageRealtor - CRS, E-Pro, SRES
RE/MAX Grand Lake
2016 Grand Lake Area Real Estate Trends
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2016 Grand Lake Area Real Estate Trends
www.SlideShare.net/JeffSavage01
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Total dollars spent in that property category.
Real Estate Acronyms, Terminology and Definitions
DOLLAR VOLUME
AVERAGE SOLD PRICE
Total Dollars Spent divided by number of units sold in that property category.
Luxury Home MarketIn this instance, we will simply use the price point representing the upper 5% of the market, or $500,000+
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Source of Information
For the period January 1, 2007 through December 31, 2016
• Based on information from the Northeast Oklahoma Board of Realtors®
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Sales Volumes
• Represented as Dollar Volume in a Category
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All Property Sales
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
$199,065,317
$171,559,949
$125,457,074$119,843,085
$127,567,682
$155,397,922$156,792,161
$173,198,120$170,274,084
$174,451,405
Dollar Volume
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Residential Sales
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
$154,400,339
$135,967,732
$106,391,858$102,288,460
$111,388,218
$127,524,518$137,025,450
$144,812,505$142,665,906
$150,099,600
Dollar Volume
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Residential Waterfront
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
$69,725,986$66,767,086
$46,299,150$49,067,635
$58,060,405
$69,526,355
$77,038,246$79,806,222
$66,065,328
$75,557,645
Dollar Volume
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Residential (not Water Front)
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
$84,674,353
$69,200,646
$60,092,708
$53,220,825 $53,327,813$57,998,163
$59,987,204$65,006,283
$76,600,578$74,541,955
Dollar Volume
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Luxury Home Market
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
$26,832,200
$31,054,400
$15,868,500$19,508,210
$23,839,600
$32,289,500$32,502,971
$36,446,450
$28,245,650
$35,002,500
Dollar Volume
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Water Front Lots
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
$14,374,950
$6,421,999
$2,808,850 $3,411,375$2,835,300
$5,995,737
$2,715,300
$4,737,500
$3,326,500$2,318,600
Dollar Volume
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Condos and Townhomes
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
$10,082,750
$7,011,516
$5,694,525$6,185,500
$7,108,232
$5,990,000
$8,203,600
$6,251,300
$5,199,056
$8,780,699
Dollar Volume
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Farms and Ranches
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
$13,118,100
$7,817,380$7,995,861
$4,828,470$4,228,334
$11,467,820
$6,679,400
$11,918,905
$13,363,744
$8,580,200
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Commercial
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
$9,417,500
$5,648,400
$2,290,000$2,897,900
$1,686,000
$3,047,500
$4,685,400 $4,487,000
$3,612,385
$7,487,350
Dollar Volume
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Average Unit Price
• Represented as Dollar Volume / Units in a Category
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Residential Waterfront
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
$311,277
$358,963
$291,190
$333,793 $335,609$345,902 $342,392 $338,162 $340,543 $338,824
Average Sold Price
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Residential (not Water Front)
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
$94,503 $96,380 $95,842
$106,018$101,965 $101,751 $100,989 $101,256
$114,843 $111,257
Average Sold Price
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Luxury Home Market
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
$706,111
$796,267
$721,295
$780,328
$722,412
$750,919
$792,755 $792,314
$706,141$714,337
Average Sold Price
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Water Front Lots
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
$266,203
$173,568$147,834
$136,455
$166,782
$249,833
$104,435
$143,561
$184,806
$79,952
Average Sold Price
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Financing Sources
• Represented as Residential Dollar Volume in a Source Category
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All Residential Sales
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
$154,400,339
$135,967,732
$106,391,858$102,288,460
$111,388,218
$127,524,518$137,025,450
$144,812,505$142,665,906
$150,099,600
Dollar Volume
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Conventional Loans
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
$91,154,139
$63,289,586
$56,430,899
$48,401,234$51,062,943
$61,306,542$66,582,745
$75,157,099$67,814,541
$69,847,073
Dollar Volume
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Cash Sales
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
$28,711,604$32,421,082
$26,034,680
$32,731,016 $33,173,688$34,857,391
$42,756,759
$55,987,281$56,743,172
$59,959,414Dollar Volume
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FHA Loans
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
$8,753,299
$10,058,464
$8,832,228
$5,868,310$6,541,987 $6,909,992
$5,228,626
$6,623,375
$7,445,575
$8,662,849
Dollar Volume
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VA Loans
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
$528,151
$945,500
$1,456,800 $1,695,800 $1,517,300
$1,975,900 $2,026,300
$4,427,010
$5,483,105
$4,705,590
Dollar Volume
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Sales Counts
• Represented as Number of Units in a Category
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All Property Listings
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
5,138 4,9704,765
4,490 4,458 4,5864,292 4,225 4,170 4,007
Active Listings
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All Property Sales
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
1,424
1,159
969
803 830
957 9811,082 1,049 1,098
Total # Sales
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Residential Sales
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
1,120
904
786
649 696771
819878 861 893
Total # Sales
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Conventional Loans
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
602
383 363
286 300 327 337371 370 352
Total # Sales
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Cash Sales
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
232 239212
194225
250
316
378353
372
Total # Sales
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FHA Loans
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
123 124
91
6662 64
5262 64
77
Total # Sales
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VA Loans
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
6
9 10
12 1113 14
3033 34
Total # Sales
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In Conclusion
• Water Front Homes continue to bring buyers to Grand Lake.
• The numbers show thelocal real estate market is strong.
• Real estate is local, and Grand Lake is a unique housing market.
• Non Water Front Homes make a significant contribution to the market.
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2016 Grand Lake Area Real Estate Trends
www.SlideShare.net/JeffSavage01
![Page 36: Grand Lake 2016 Year End 10 year charts - Real Estate Trends](https://reader031.fdocuments.net/reader031/viewer/2022030302/587e4f7d1a28abeb1a8b5c0f/html5/thumbnails/36.jpg)
PRESENTED BY:
Jeff SavageRealtor - CRS, E-Pro, SRES
RE/MAX Grand Lake
2016 Grand LakeArea Real Estate Trends