2021 Year End Statistics are depicted in 10 year bar charts covering over two dozen categories, including sales volumes, average prices, and financing sources.
Our sales JUMPED to $394 Million, a 4.5% increase over 2020, supported by eight strong years of performance. The market continues to improve since our low in 2010.
Low interest rates, working from home, high Internet speeds, restricted distance travel due to COVID, and pent up demand are some of the factors fueling this jump.
INVENTORIES remain low, following twelve years of declines. 2021 saw a further 19% reduction in inventory.
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.
Go to https://www.slideshare.net/JeffSavage01/grand-lake-2021-year-end-10-year-charts-real-estate-trends to view bar chart statistical history, or send me an email and I will send it to you. JeffSavage@remax.net
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2. 2021 Grand Lake Area
Real Estate Trends
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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, 2012
through December 31, 2021
âą Based on information from the
Northeast Oklahoma Board of RealtorsÂź
34. In Conclusion
âą Water Front Homes continue to bring buyers
to Grand Lake.
âą Total sales are over $394 Million.
âą Real estate is local, and Grand Lake is a
unique housing market.
âą Non Water Front Homes make a
significant contribution to the market.
âą Inventories are DOWN 20% in 2021.
35. 2021 Grand Lake Area
Real Estate Trends
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