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