Quarterly, Jeff Savage, of RE/MAX Grand Lake, produces a Market Analysis of the Grand Lake Market. His report, reprinted with permission, follows.
My First Quarter 2015 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 First Quarter 2015 results, let me give you a few quick insights:
TOTAL Dollars Spent on Real Estate is DOWN 14% from first quarter last year (2014)
TOTAL Dollars Spent on Real Estate is now just under $27 Million
TOTAL number of PROPERTIES of all types sold is DOWN 6%
Dollars spent on HOMES is DOWN 22%
Number of HOMES sold is DOWN 12%
Dollars spent on WATERFRONT HOMES is DOWN 34%
Dollars spent on LUXURY HOMES ($500,000+) is DOWN 54%
Number of LUXURY HOMES sold is DOWN 40%
Dollars spent on WATERFRONT LOTS is UP 174%
Dollars spent on FARMS is UP 23%
Conventional Financing is DOWN 21%
Conventional Financing LOANS is UP 7%
Cash Financing is DOWN 30%
Dollars spent on South Counties Real Estate is DOWN 44%
Dollars spent on Grove Area Real Estate is UP 5%
Attached is a 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, 2015 through March 31, 2015.
Thanks to all of my buyers, sellers and friends, 2015 is off to a great start in real estate. I couldn’t have done it without you! I reset my stretch goal for 2015 to equal my record sales in 2014. Through March 31, 2015, I have achieved 50% of my new 2015 stretch goal.
See me for your Real Estate needs.
Phone Number (918) 791-1039
Office: (918) 786-9888
Office Fax: (918) 786-9890
Email Address JeffSavage@remax.net
Web Site www.sellinggrandlake.com
RE/MAX Grand Lake
2330 S. Main
Grove OK 74344
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