Grand Lake OK 2008 to 2012 Full Year Real Estate Market Analysis
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PRESENTED BY: Jeff Savage Realtor - CRS, E-Pro, SRES RE/MAX Grand Lake 2012 Grand Lake Area Real Estate Trends
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Looking at the last five years, we had our second best overall sales at $155 million, best Residential water front homes at $70 million, and best Luxury Home sales ($500,000 or more) at $32 million. Also surprisingly good were water front lots and farm & ranch sales. Almost every category I track was up double digit percentages.
Transcript of Grand Lake OK 2008 to 2012 Full Year Real Estate Market Analysis
PRESENTED BY:
Jeff SavageRealtor - CRS, E-Pro, SRES
RE/MAX Grand Lake
2012 Grand Lake Area Real Estate Trends
2012 Grand Lake Area Real Estate Trends
www.SlideShare.net/JeffSavage01
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 December 31, 2012
• Based on information from the Northeast Oklahoma Board of Realtors®
All Property Sales
2008 2009 2010 2011 2012
$171,559,949
$125,457,074 $119,843,085$127,567,682
$155,397,922
Dollar Volume
Residential Waterfront
2008 2009 2010 2011 2012
$66,767,086
$46,299,150$49,067,635
$58,060,405
$69,526,355Dollar Volume
Residential Waterfront
2008 2009 2010 2011 2012
$358,963
$291,190
$333,793 $335,609$345,902
Average Sold Price
Residential (not Water Front)
2008 2009 2010 2011 2012
$69,200,646
$60,092,708
$53,220,825 $53,327,813$57,998,163
Dollar Volume
Luxury Home Market
2008 2009 2010 2011 2012
$31,054,400
$15,868,500
$19,508,210
$23,839,600
$32,289,500
Dollar Volume
Water Front Lots
2008 2009 2010 2011 2012
$6,421,999
$2,808,850
$3,411,375$2,835,300
$5,995,737
Dollar Volume
Condos and Townhomes
2008 2009 2010 2011 2012
$7,011,516
$5,694,525$6,185,500
$7,108,232
$5,990,000
Dollar Volume
Farms and Ranches
2008 2009 2010 2011 2012
$7,817,380 $7,995,861
$4,828,470$4,228,334
$11,467,820
Commercial
2008 2009 2010 2011 2012
$5,648,400
$2,290,000
$2,897,900
$1,686,000
$3,047,500
Dollar Volume
Number of Sold Transactions
2008 2009 2010 2011 2012
1,159
969
803 830
957
Total # Sales
All Property Listings
2008 2009 2010 2011 2012
4,974
4,769
4,484
4,379
4,232
Active Listings During the Year
Residential Sales
2008 2009 2010 2011 2012
$135,967,732
$106,391,858 $102,288,460
$111,388,218
$127,524,518
Dollar Volume
Conventional Loans
2008 2009 2010 2011 2012
$63,289,586
$56,430,899
$48,401,234$51,062,943
$61,306,542
Dollar Volume
Cash Sales
2008 2009 2010 2011 2012
$32,421,082
$26,034,680
$32,731,016 $33,173,688$34,857,391
Dollar Volume
In Conclusion
• Water Front Homes bring buyers to Grand Lake, and continue to be the strongest
segment of the area market.
• The numbers show a recovering local real estate market.
• Real estate is local, and Oklahomans are not buying or selling their homes
in a national housing market.
2012 Grand Lake Area Real Estate Trends
www.SlideShare.net/JeffSavage01
PRESENTED BY:
Jeff SavageRealtor - CRS, E-Pro, SRES
RE/MAX Grand Lake
2012 Grand LakeArea Real Estate Trends
