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 See me for your real estate needs.

1. PRESENTED BY:
Jeff Savage
Realtor – CLHMS, CRS, E-Pro, SRES
RE/MAX Grand Lake
2021 Grand Lake
Area Real Estate Trends

2. 2021 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, 2012
through December 31, 2021
• Based on information from the
Northeast Oklahoma Board of Realtors®

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

6. All Property Sales
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
$155,397,922
$156,792,161
$173,198,120
$170,274,084
$174,451,405
$202,917,028
$201,416,164
$210,542,486
$376,914,290
$394,036,593
Dollar Volume

7. Residential Sales
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
$127,524,518
$137,025,450
$144,812,505
$142,665,906
$150,099,600
$173,277,817
$166,882,987
$177,622,469
$323,575,672
$316,567,005
Dollar Volume

8. Residential Waterfront
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
$69,526,355
$77,038,246
$79,806,222
$66,065,328
$75,557,645
$86,463,151
$81,447,437
$79,982,675
$171,856,601
$142,886,318
Dollar Volume

9. Residential (NOT Water Front)
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
$57,998,163
$59,987,204
$65,006,283
$76,600,578
$74,541,955
$86,814,666
$85,435,550
$97,639,794
$151,719,071
$173,680,687
Dollar Volume

10. Luxury Home Market
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
$32,289,500
$32,502,971
$36,446,450
$28,245,650
$35,002,500
$41,073,500
$37,474,500
$38,852,575
$101,198,616
$121,337,772
Dollar Volume

11. Water Front Lots
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
$5,995,737
$2,715,300
$4,737,500
$3,326,500
$2,318,600
$3,161,000
$3,400,375
$4,822,923
$6,569,150
$10,127,000
Dollar Volume

12. Condos and Townhomes
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
$5,990,000
$8,203,600
$6,251,300
$5,199,056
$8,780,699
$10,816,000
$11,457,900
$14,366,600
$28,400,792
$20,468,800
Dollar Volume

13. Farms and Ranches
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
$11,467,820
$6,679,400
$11,918,905
$13,363,744
$8,580,200
$12,091,332
$8,950,650
$10,617,625
$20,763,230
$23,057,910

14. Commercial
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
$3,047,500
$4,685,400
$4,487,000
$3,612,385
$7,487,350
$4,475,500
$7,616,471
$8,724,441
$7,006,900
$19,834,800
Dollar Volume

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

16. Residential Waterfront
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
$345,902 $342,392 $338,162 $340,543 $338,824
$372,686 $363,605 $365,218
$441,791
$541,236
Average Sold Price

17. Residential
(not Water Front)
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
$101,751 $100,989 $101,256
$114,843 $111,257 $113,930
$123,462
$131,768
$158,702
$179,608
Average Sold Price

18. Luxury Home Market
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
$750,919
$792,755 $792,314
$706,141
$714,337
$760,620
$749,490
$719,492
$778,451
$825,427
Average Sold Price

19. Water Front Lots
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
$249,833
$104,435
$143,561
$184,806
$79,952
$137,435
$87,189
$160,764
$168,440
$187,537
Average Sold Price

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

21. All Residential Sales
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
$127,524,518
$137,025,450
$144,812,505
$142,665,906
$150,099,600
$173,277,817
$166,882,987
$177,622,469
$323,575,672
$316,567,005
Dollar Volume

22. Conventional Loans
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
$61,306,542
$66,582,745
$75,157,099
$67,814,541
$69,847,073
$83,598,955
$81,553,085
$92,266,254
$156,706,575
$147,660,783
Dollar Volume

23. Cash Sales
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
$34,857,391
$42,756,759
$55,987,281
$56,743,172
$59,959,414
$63,729,724
$58,210,406
$54,055,397
$125,042,095
$124,958,561
Dollar Volume

24. FHA Loans
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
$6,909,992
$5,228,626
$6,623,375
$7,445,575
$8,662,849
$10,967,048
$11,985,332
$13,679,765
$15,637,894
$20,113,717
Dollar Volume

25. VA Loans
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
$1,975,900 $2,026,300
$4,427,010
$5,483,105
$4,705,590
$6,740,660
$7,651,625
$10,677,029
$12,734,708
$11,075,925
Dollar Volume

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

27. All Property Listings
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
4,586
4,292 4,225 4,204 4,206 4,281
4,249
3,876
3,720
3,023
Active Listings

28. All Property Sales
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
957 981
1,082
1,049
1,098
1,175 1,166 1,164
1666 1652
Total # Sales

29. Residential Sales
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
771
819
878 861
893
994
916
960
1,345
1,231
Total # Sales

30. Conventional Loans
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
327 337
371 370
352
423
368
403
585
491
Total # Sales

31. Cash Sales
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
250
316
378
353
372
381
357
315
505
485
Total # Sales

32. FHA Loans
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
64
52
62 64
77
98
101
118 122
142
Total # Sales

33. VA Loans
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
13
14
30
33 34
44 45
64
55
50
Total # Sales

34. In Conclusion
• Water Front Homes continue to bring buyers
to Grand Lake.
• Total sales are over $394 Million.
• Real estate is local, and Grand Lake is a
unique housing market.
• Non Water Front Homes make a
significant contribution to the market.
• Inventories are DOWN 20% in 2021.

35. 2021 Grand Lake Area
Real Estate Trends
www.SlideShare.net/JeffSavage01

36. PRESENTED BY:
Jeff Savage
Realtor – CLHMS, CRS, E-Pro, SRES
RE/MAX Grand Lake
2021 Grand Lake
Area Real Estate Trends