Grand Lake, Grove, Monkey Island, Oklahoma, real estate, listings, home buying, selling, Realtor, homes for sale, agent, broker, residential property, house, OK, waterfront, Grand Lake OK, Grand Lake Oklahoma, Grove OK, real estate

1. My Year-End 2016 Real Estate Market Analysis is now complete.
I will post the updated detailed analysis at my SlideShare account (www.SlideShare.net/JeffSavage01 ).
To briefly REVIEW the Year-End 2016 results, let me give you a few quick insights:
 TOTAL Dollars Spent on Real Estate was UP 2.5% from last year (2015)
 TOTAL Dollars Spent on Real Estate was over $174 Million
 TOTAL number of PROPERTIES of all types sold is UP 4.7%
 Dollars spent on HOMES is UP 5.2% to $150 Million
 Number of HOMES sold is UP 3.7%
 Dollars spent on WATERFRONT HOMES is UP 14.4% to $76 Million
 Dollars spent on LUXURY HOMES ($500,000+) is UP 23.9% to $35 Million
 Number of LUXURY HOMES sold is UP 22.5%
 Dollars spent on WATERFRONT LOTS is DOWN 30.3% to $2 Million
 Dollars spent on FARMS is DOWN 35.8% to $9 Million
 Conventional Financing is UP 3.0% to $70 Million
 Conventional Financing LOANS is DOWN 4.9%
 Cash Financing is UP 5.7% to $60 Million
 Dollars spent on Grove Area Real Estate is UP 1.3% to $91 Million
 South Counties Real Estate is UP 8.0% to $56 Million
If you would like a one page recap showing about 20 categories broken down to SOLD $s, # SOLD, Average Price and %age of
market, let me know and I will send it to you.
Based on information from the Northeast Oklahoma Board of Realtors® for the period January 1, 2016 through December 31, 2016.
Thanks to all of my buyers, sellers and friends, 2016 was a wonderful year in real estate. I was just below my average for the last 4
years. I couldn’t have done it without you!
See me for your Real Estate needs.

2. 2016
Statistical Market Analysis
Fourth Quarter
Property Type SOLD Dollars # Sold Avg Price
%-age
Total
SOLD Dollars
Difference
2016-vs-15
%-age
Change $
2016-vs-15
Difference
Num Sold
2016-vs-15
%-age
Change #
2016-vs-15
COMBINED $174,451,405 1098 $158,881 100.0% $4,177,321 2.5% 49 4.7%
Residential $150,099,600 893 $168,085 86.0% $7,433,694 5.2% 32 3.7%
Residential - WF $75,557,645 223 $338,824 43.3% $9,492,317 14.4% 29 14.9%
Residential - NWF $74,541,955 670 $111,257 42.7% -$2,058,623 -2.7% 3 0.4%
Residential - Luxury Homes $35,002,500 49 $714,337 20.1% $6,756,850 23.9% 9 22.5%
Land & Lots $6,691,355 107 $62,536 3.8% -$3,343,195 -33.3% -2 -1.8%
Land & Lots - WF $2,318,600 29 $79,952 1.3% -$1,007,900 -30.3% 11 61.1%
Condos $8,780,699 44 $199,561 5.0% $3,581,643 68.9% 11 33.3%
Farm & Ranch $8,580,200 45 $190,671 4.9% -$4,783,544 -35.8% -7 -13.5%
Commercial/Industrial $7,487,350 39 $191,983 4.3% $3,874,965 107.3% 16 69.6%
FINANCING - Residential $150,099,600 893 $168,085 100.0% $7,433,694 5.2% 32 3.7%
CONV-Res $69,847,073 352 $198,429 46.5% $2,032,532 3.0% -18 -4.9%
CASH-Res $59,989,414 372 $161,262 40.0% $3,246,242 5.7% 19 5.4%
OTHER-Res $6,894,674 58 $118,874 4.6% $1,715,161 33.1% 17 41.5%
FHA-Res $8,662,849 77 $112,505 5.8% $1,217,274 16.3% 13 20.3%
VA-Res $4,705,590 34 $138,400 3.1% -$777,515 -14.2% 1 3.0%
Grove Area $91,054,370 504 $180,663 52.2% $1,129,645 1.3% 6 1.2%
South Counties $55,718,091 268 $207,903 31.9% $4,142,273 8.0% 15 5.9%
Comparison-2016-vs-2015-Fourth Quarter - as of 20170106.xlsx 1 1/6/2017