Grand Lake OK 2005 - 2010 Full Year Real Estate Market Analysis
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Grand Lake OK 2005 - 2010 Full Year Real Estate Market Analysis

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The news is surprisingly good as we completed the 2010 real estate year, and begin 2011. The FINAL Real Estate numbers are in for 2010, and we continue to improve on my early December summary. We ...

The news is surprisingly good as we completed the 2010 real estate year, and begin 2011. The FINAL Real Estate numbers are in for 2010, and we continue to improve on my early December summary. We finished 2010 with $122 million in Total Sales – not bad considering the year the rest of the economy was experiencing. That is just 3% off our total sales for 2009.

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Grand Lake OK 2005 - 2010 Full Year Real Estate Market Analysis Presentation Transcript

  • 1. 2010 Grand Lake AreaMLS Statisticswww.SlideShare.net/JeffSavage01
  • 2. Real Estate Statistics
    Jeff Savage
    2010 Grand Lake Area
  • 3. Real Estate Acronyms, Terminology and Definitions
    DOLLAR VOLUME
    Total dollars spent in that property category.
    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
    • Based on information from the Northeast Oklahoma Board of Realtors®
    For the period January 1, 2005
    through December 31, 2010
  • 5. All Property Types
  • 6. All Property Types
  • 7. Residential Waterfront
  • 8. Residential Waterfront
  • 9. Residential (not Water Front)
  • 10. Residential (not Water Front)
  • 11. Luxury Home Market
  • 12. Luxury Home Market
  • 13. Water Front Lots
  • 14. Water Front Lots
  • 15. Condos and Townhomes
  • 16. Farms and Ranches
  • 17. Commercial
  • 18. Number of Sold Transactions
  • 19. Days on the Market
  • 20. FINANCING Sources
    • Residential Homes Sales
    Conventional, FHA, VA & CASH
    • OTHER – covers all other sources, including “Other”, “Owner Carry” and “Private”
  • ALL Finance Types – Residential Sales
  • 21. CONVENTIONAL Financing
  • 22. FHA Financing
  • 23. VA Financing
  • 24. CASH Financing
  • 25. OTHER Financing
  • 26. In Conclusion
    • The numbers show a local real estate market that is steady for 2009-2010.
    Water Front Homes and Lots bring buyers to Grand Lake, and Residential sales make up around 85% of real estate sales.
    • Real estate is local, and Oklahomans are not buying or selling their homes
    in a national housing market.
  • 27. 2010 Grand Lake Area MLS Statisticswww.SlideShare.net/JeffSavage01
  • 28. Q & A