The 3rd quarter 2014 Real Estate market analysis for Grand Lake, courtesy of Jeff Savage with RE/MAX Grand Lake, has been released and the Grand Lake real estate market continues to be strong across the board.
Dollar volume is up, the number of sales is up and it seems that real estate at Grand Lake is as popular with buyers as it ever has been – at least based on year to date analysis when compared to the same time period in 2013.
The two strongest indicators of the health of the residential market at Grand Lake are up significantly:
– Total dollars spent on homes is up 12.8%.
– Total number of homes sold is up 11.9%.
Grand Lake waterfront and luxury homes continue to be very popular, as shown here:
– Dollars spent onWaterfront Homes is up 15.3%
– Dollars spent on Luxury Homes ($500,000 +) is up 25.2%
– The Number of Luxury Homes sold is up 27.3%
Obviously, if you’ve been thinking about selling your Grand Lake home, now is a great time to either contact a Realtor experienced in the marketing and selling of Grand Lake waterfront homes, or even market your home yourself – as there seems to be plenty of demand for lakefront and luxury homes at this time.
Remember that the fall and winter months are a great time to look at and purchase a new Grand Lake home, so that you are all set to enjoy it when those first warm days of spring and summer come our way in 2015.
The data is also broken down by region, with the 2 main areas being the ‘Grove’ area, which includes the areas around Grove – including Monkey Island – and the ‘South Grand Lake’ area which basically encompasses everything from the Cleora area South around Pensacola Dam to Drowning Creek on the other side of the lake.
– Dollars spent on all properties types in the Grove area is up 14.8%.
– Dollars spent on all property types ‘South Grand Lake’ is up 23.2%.
But it’s not just the homes market that is seeing positive trends so far in 2014.
Vacant land and lots, waterfront lots and farm sales are all well outpacing their 2013 numbers.
The one metric that continues to lag is commercial sales, with total dollars spent on commercial properties being down 16.9%
But as it’s been shown before, commercial real estate tends to rally later than residential real estate as it takes new home buyers and people new to the area to drive commercial activity and growth.
You can see the SlideShare that Jeff has put together with more complete statistics at this link: http://www.slideshare.net/JeffSavage01
All of these statistics have been compiled by Jeff Savage with RE/MAX Grand Lake in Grove and are based on information from the Northeast Oklahoma Board of Realtors from the period January 1, 2104 through September 30,2014.
The Northeast Oklahoma Board of Realtors covers the Grand Lake area, and does include Miami and Ottawa County as well as pulling in some sales and data from rural areas of Craig, Mayes and Delaware Counties.
Make sure to call Jeff for all of your real estate needs at (918) 791-1039 or visit his website at www.sellinggrandlake.com.