Grand Lake Area Real Estate Trends. 2016 Year End Statistics depicted in 10 year charts covering over two dozen categories. Includes sales volumes, average prices and financing sources. The market continues to improve since our low in 2010. The last three years have finished strong for many categories. Residential Waterfront home sales, Residential non-Waterfront home sales, Luxury home sales, Cash sales and Conventional loans are the bulk of the market, and all are solid. The market is looking good.

1. PRESENTED BY:
Jeff Savage
Realtor - CRS, E-Pro, SRES
RE/MAX Grand Lake
2016 Grand Lake
Area Real Estate Trends

2. 2016 Grand Lake Area
Real Estate Trends
www.SlideShare.net/JeffSavage01

3. 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 Market
In this instance, we will simply use
the price point representing
the upper 5% of the market, or $500,000+

4. Source of Information
For the period January 1, 2007
through December 31, 2016
• Based on information from the
Northeast Oklahoma Board of Realtors®

5. Sales Volumes
• Represented as
Dollar Volume
in a Category

6. 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

7. 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

8. 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

9. 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

10. 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

11. 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

12. 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

13. 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

14. 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

15. Average Unit Price
• Represented as
Dollar Volume /
Units in a Category

16. 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

17. 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

18. 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

19. 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

20. Financing Sources
• Represented as
Residential Dollar Volume
in a Source Category

21. 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

22. 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

23. 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
$59,959,414
Dollar Volume

24. 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

25. 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

26. Sales Counts
• Represented as
Number of Units
in a Category

27. All Property Listings
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
5,138
4,970
4,765
4,490 4,458 4,586
4,292 4,225
4,170 4,007
Active Listings

28. All Property Sales
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
1,424
1,159
969
803
830
957 981
1,082 1,049 1,098
Total # Sales

29. Residential Sales
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
1,120
904
786
649
696
771
819
878 861
893
Total # Sales

30. Conventional Loans
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
602
383 363
286
300
327
337
371 370
352
Total # Sales

31. Cash Sales
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
232 239
212
194
225
250
316
378
353
372
Total # Sales

32. FHA Loans
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
123 124
91
66
62
64
52
62 64
77
Total # Sales

33. VA Loans
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
6
9
10
12
11
13 14
30
33
34
Total # Sales

34. In Conclusion
• Water Front Homes continue to bring
buyers to Grand Lake.
• The numbers show the
local 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.

35. 2016 Grand Lake Area
Real Estate Trends
www.SlideShare.net/JeffSavage01

36. PRESENTED BY:
Jeff Savage
Realtor - CRS, E-Pro, SRES
RE/MAX Grand Lake
2016 Grand Lake
Area Real Estate Trends