Grand Lake 2014 Year End 10 year charts - Real Estate Trends

PRESENTED BY:

Jeff SavageRealtor - CRS, E-Pro, SRES

RE/MAX Grand Lake

2014 Grand Lake Area Real Estate Trends

2014 Grand Lake Area Real Estate Trends

www.SlideShare.net/JeffSavage01

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+

Source of Information

For the period January 1, 2005

through December 31, 2014

• Based on information from the Northeast Oklahoma Board of Realtors®

Sales Volumes

• Represented as Dollar Volume in a Category

All Property Sales

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

$180,163,707

$215,513,432

$199,065,317

$171,559,949

$125,457,074$119,843,085

$127,567,682

$155,397,922$156,792,161

$173,198,120

Dollar Volume

Residential Sales

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

$137,028,272

$172,290,523

$154,400,339

$135,967,732

$106,391,858$102,288,460

$111,388,218

$127,524,518$137,025,450

$144,812,505

Dollar Volume

Residential Waterfront

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

$58,573,476

$78,829,160

$69,725,986$66,767,086

$46,299,150$49,067,635

$58,060,405

$69,526,355

$77,038,246$79,806,222

Dollar Volume

Residential (not Water Front)

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

$78,454,796

$93,461,363

$84,674,353

$69,200,646

$60,092,708$53,220,825 $53,327,813

$57,998,163$59,987,204$65,006,283

Dollar Volume

Luxury Home Market

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

$9,512,900

$28,720,161$26,832,200

$31,054,400

$15,868,500

$19,508,210

$23,839,600

$32,289,500 $32,502,971

$36,446,450

Dollar Volume

Water Front Lots

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

$8,793,551

$5,547,820

$14,374,950

$6,421,999

$2,808,850 $3,411,375$2,835,300

$5,995,737

$2,715,300

$4,737,500

Dollar Volume

Condos and Townhomes

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

$4,672,950

$6,088,450

$10,082,750

$7,011,516

$5,694,525$6,185,500

$7,108,232

$5,990,000

$8,203,600

$6,251,300

Dollar Volume

Farms and Ranches

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

$11,055,540

$15,272,494

$13,118,100

$7,817,380$7,995,861

$4,828,470$4,228,334

$11,467,820

$6,679,400

$11,918,905

Commercial

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

$10,349,300

$8,890,375$9,417,500

$5,648,400

$2,290,000$2,897,900

$1,686,000

$3,047,500

$4,685,400 $4,487,000

Dollar Volume

Average Unit Price

• Represented as Dollar Volume / Units in a Category

Residential Waterfront

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

$251,388

$306,728 $311,277

$358,963

$291,190

$333,793 $335,609 $345,902 $342,392 $338,162

Average Sold Price

Residential (not Water Front)

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

$88,750

$97,968

$94,503

$96,380 $95,842

$106,018

$101,965 $101,751$100,989 $101,256

Average Sold Price

Luxury Home Market

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

$731,762

$718,004

$706,111

$796,267

$721,295

$780,328

$722,412

$750,919

$792,755 $792,314

Average Sold Price

Water Front Lots

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

$165,916

$108,781

$266,203

$173,568

$147,834$136,455

$166,782

$249,833

$104,435

$143,561

Average Sold Price

Financing Sources

• Represented as Residential Dollar Volume in a Source Category

All Residential Sales

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

$137,028,272

$172,290,523

$154,400,339

$135,967,732

$106,391,858$102,288,460

$111,388,218

$127,524,518

$137,025,450$144,812,505

Dollar Volume

Conventional Loans

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

$93,308,710

$108,443,539

$91,154,139

$63,289,586$56,430,899

$48,401,234$51,062,943

$61,306,542$66,582,745

$75,157,099

Dollar Volume

Cash Sales

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

$30,126,964

$36,273,843

$28,711,604

$32,421,082

$26,034,680

$32,731,016$33,173,688

$34,857,391

$42,756,759

$55,987,281

Dollar Volume

FHA Loans

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

$6,281,589 $6,313,661

$8,753,299

$10,058,464

$8,832,228

$5,868,310$6,541,987

$6,909,992

$5,228,626

$6,623,375

Dollar Volume

VA Loans

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

$401,550

$1,167,020

$528,151

$945,500

$1,456,800$1,695,800

$1,517,300

$1,975,900 $2,026,300

$4,427,010

Dollar Volume

Sales Counts

• Represented as Number of Units in a Category

All Property Listings

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

4,6274,847

5,1384,974

4,7694,484

4,379 4,232 4,266 4,085

Active Listings

All Property Sales

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

1,4641,574

1,424

1,159

969

803 830

957981

1,082

Total # Sales

Residential Sales

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

1,117

1,211

1,120

904

786

649696

771819

878

Total # Sales

Conventional Loans

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

649

727

602

383363

286 300327

337 371

Total # Sales

Cash Sales

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

282

249232 239

212194

225

250

316

378

Total # Sales

FHA Loans

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

10395

123 124

91

66 62 64

52

62

Total # Sales

VA Loans

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

5

9

6

910

1211

1314

30

Total # Sales

In Conclusion

• Water Front Homes bring buyers to Grand Lake, and continue to be the strongest

segment of the area market.

• The numbers show the

local real estate market is growing.

• Real estate is local, and Oklahomans are not buying or selling their homes

in a national housing market.

2014 Grand Lake Area Real Estate Trends

www.SlideShare.net/JeffSavage01

PRESENTED BY:

Jeff SavageRealtor - CRS, E-Pro, SRES

RE/MAX Grand Lake

2014 Grand LakeArea Real Estate Trends