The 2014 year end Real Estate market analysis for Grand Lake, courtesy of Jeff Savage with RE/MAX Grand Lake, is out and – by all indications – 2014 was a GREAT year for Grand Lake area real estate.
Total dollars spent is up, the number of sales is up and it seems that Grand Lake real estate is as popular with buyers as it ever has been as we head into 2015.
First though, a hat tip to Jeff Savage, who has been doing and sharing these analyses long enough that he now has 10 years of data to show the highs and lows of real estate activity at Grand Lake.
All of these statistics have been compiled by Jeff, who is with RE/MAX Grand Lake in Grove, and are based on information from the Northeast Oklahoma Board of Realtors from the period January 1, 2005 through December 31,2014.
The Northeast Oklahoma Board of Realtors covers the entire Grand Lake area – including the communities of Grove and Vinita, and also includes Miami and Ottawa County as well as pulling in some sales and data from rural areas of Craig, Mayes and Delaware Counties.
The entire slideshare presentation covering real estate sales, dollar volume, financing trends and more is included below, but here are some of the highlights:
- The Total Dollars spent on all types of real estate in Northeast Oklahoma was up for the 4th straight year, and was at it’s highest level since 2007.
- The Total Dollar Volume on Residential Waterfront Real Estate at Grand Lake was at it’s highest in the entire 10 year span and continued an upward trend for the 5th consecutive year.
- And finally, the Total Dollars spent on Luxury Homes – defined as those over $500,000 and typically being the high-end waterfront homes – were also at a 10-year high and continued a similar 5 year trend of continuous growth.
So it looks like, based on all the data, that 2015 is shaping up to be another great year. The growth seen over the past 4 – 5 years has been steady and all indications are that lakefront real estate at Grand Lake, and in fact real estate throughout the region, is ready for a strong 2015.
Here is that entire slideshare:
Here are more statistics from the year to year analysis between 20013 and 2014.