Grand Lake Area Real Estate Symposium 2013-Market Statistics
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Transcript of Grand Lake Area Real Estate Symposium 2013-Market Statistics
PRESENTED BY:
RE/MAX Grand Lake
SPONSORED BY:
2013 Grand Lake Area Real Estate Symposium
Grand Lake Real EstateMarket Statistics
Jeff Savage
2013 Grand Lake Area Real Estate Symposium
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+
Source of Information
For the period January 1, 2008 through September 30, 2013
Based on information from the Northeast Oklahoma Board of Realtors®
Through THIRD Quarter for Each Year
All Property Sales
2008 2009 2010 2011 2012 2013
$134,232,070
$94,755,552
$85,390,575
$102,793,746
$118,901,036 $118,271,029
Dollar Volume
All Property Sales
2008 2009 2010 2011 2012 2013
$146,222
$129,447
$143,514
$164,734 $167,231$162,684
Average Sold Price
All Property Sold Transactions
2008 2009 2010 2011 2012 2013
918
732
595624
711 727
Total # Sales
All Property Inventory
2008 2009 2010 2011 2012 2013
4,429
4,210
4,017
3,841
3,962
3,710
Active Listings
ALL Residential Sales
2008 2009 2010 2011 2012 2013
$112,149,121
$81,183,511$75,252,425
$90,753,678
$98,975,018$103,508,943
Dollar Volume
ALL Residential Sales
2008 2009 2010 2011 2012 2013
$156,197
$135,986
$151,413
$172,208 $173,336 $171,089
Average Sold Price
ALL Residential Sales
2008 2009 2010 2011 2012 2013
718
597
497527
571605
Total # Sales
Residential Waterfront
2008 2009 2010 2011 2012 2013
$57,955,586
$34,025,225 $35,338,150
$51,168,035
$57,520,455 $58,862,725
Dollar Volume
Residential Waterfront
2008 2009 2010 2011 2012 2013
$362,222
$278,895
$315,519
$345,730 $350,734 $354,595
Average Sold Price
Luxury Home Market
2008 2009 2010 2011 2012 2013
$26,657,400
$10,037,500
$12,733,000
$21,449,600
$26,090,600 $27,136,000
Dollar Volume
Luxury Home Market
2008 2009 2010 2011 2012 2013
$833,044
$772,115
$749,000$739,641
$767,371
$822,303
Average Sold Price
Residential (not Water Front)
2008 2009 2010 2011 2012 2013
$54,193,535
$47,158,286
$39,914,275 $39,585,643$41,454,563
$44,646,218
Dollar Volume
Residential (not Water Front)
2008 2009 2010 2011 2012 2013
$97,121
$99,281
$103,673$104,448
$101,854 $101,700
Average Sold Price
Conventional Loans
2008 2009 2010 2011 2012 2013
$48,649,036
$43,052,074
$36,748,059
$41,971,103
$46,433,365$49,314,616
Dollar Volume
Conventional Loans
2008 2009 2010 2011 2012 2013
296
271
222233 242 247
Total # Sales
Cash Sales
2008 2009 2010 2011 2012 2013
$27,149,281
$18,626,090
$23,707,656
$28,236,988 $28,576,651
$32,795,856
Dollar Volume
Cash Sales
2008 2009 2010 2011 2012 2013
185
161 151
169
186
232
Total # Sales
FHA Sales
2008 2009 2010 2011 2012 2013
$7,785,904
$7,086,255
$5,111,410 $4,995,987 $5,003,510
$3,801,426
Dollar Volume
FHA Sales
2008 2009 2010 2011 2012 2013
99
70
56
44 46
38
Total # Sales
VA Sales
2008 2009 2010 2011 2012 2013
$763,600
$922,400
$826,000
$1,266,300
$1,481,000
$1,052,400
Dollar Volume
VA Sales
2008 2009 2010 2011 2012 2013
7
6 6
9
10
8
Total # Sales
Condos and Townhomes
2008 2009 2010 2011 2012 2013
$6,183,066
$4,377,525$4,728,500
$5,439,732 $5,246,500$5,754,100
Dollar Volume
Farms and Ranches
2008 2009 2010 2011 2012 2013
$5,836,880$6,086,236
$2,189,170
$3,045,198
$10,195,320
$4,346,000
Commercial
2008 2009 2010 2011 2012 2013
$4,893,900
$1,886,500
$1,334,900$1,616,000
$2,121,000
$3,228,500
Dollar Volume
Water Front Lots
2008 2009 2010 2011 2012 2013
$5,961,999
$1,224,000
$1,869,500 $1,780,300
$2,288,000 $2,118,050
Dollar Volume
Water Front Lots
2008 2009 2010 2011 2012 2013
$170,343
$102,000
$116,844
$161,845
$143,000
$105,903
Average Sold Price
In Conclusion
• TOTAL Dollars Spent on Real Estate for 2013 is the same as 2012, 2012 was UP 21.7 % over 2011, 2011 was UP 6.5 % over 2010
• Residential Sales are 87.5 % of ALL sales
• Conventional Loans are 50 % of HOME sales
• Grove Area sales are 50 % of ALL sales
• South County sales are 35 % of ALL sales
2013 Grand Lake Area Real Estate Market Statistics
www.SlideShare.net/JeffSavage01
Q & A
National Housing Report September 2013
• Home sales and prices in September SEASONABLY lower than August, but higher than September 2012
• Consecutive month of year-over-year increase:
• 20th month for INCREASE in median price• 16th month for days on the market
average below 90 days• Inventory continues to decline at a slower
rate – 13.4 % lower than last year
• 27th month for INCREASE in home sales
PRESENTED BY:
RE/MAX Grand Lake
SPONSORED BY:
2013 Grand Lake Area Real Estate Symposium