grand lake 2016 year end 10 year charts - real estate trends

PRESENTED BY:

Jeff SavageRealtor - CRS, E-Pro, SRES

RE/MAX Grand Lake

2016 Grand Lake Area Real Estate Trends

2016 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, 2007 through December 31, 2016

• Based on information from the Northeast Oklahoma Board of Realtors®

Sales Volumes

• Represented as Dollar Volume in a Category

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

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

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

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

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

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

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

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

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

Average Unit Price

• Represented as Dollar Volume / Units in a Category

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

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

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

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

Financing Sources

• Represented as Residential Dollar Volume in a Source Category

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

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

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

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

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

Sales Counts

• Represented as Number of Units in a Category

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

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

Residential Sales

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

1,120

904

786

649 696771

819878 861 893

Total # Sales

Conventional Loans

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

602

383 363

286 300 327 337371 370 352

Total # Sales

Cash Sales

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

232 239212

194225

250

316

378353

372

Total # Sales

FHA Loans

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

123 124

91

6662 64

5262 64

77

Total # Sales

VA Loans

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

6

9 10

12 1113 14

3033 34

Total # Sales

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.

2016 Grand Lake Area Real Estate Trends

www.SlideShare.net/JeffSavage01

PRESENTED BY:

Jeff SavageRealtor - CRS, E-Pro, SRES

RE/MAX Grand Lake

2016 Grand LakeArea Real Estate Trends