Savage 3rd Quarter 2015 Real Estate Results for Grand Lake

Savage Third 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 Third Quarter 2015 results, let me give you a few quick insights:

• TOTAL Dollars Spent on Real Estate is DOWN 6.5% from last year (2014)
• TOTAL Dollars Spent on Real Estate was over $129 Million
• TOTAL number of PROPERTIES of all types sold is about the same
• Dollars spent on HOMES is DOWN 8%
• Number of HOMES sold is about the same
• Dollars spent on WATERFRONT HOMES is DOWN 26%
• Dollars spent on LUXURY HOMES ($500,000+)  is DOWN 39%
• Number of LUXURY HOMES sold is DOWN 24%
• Dollars spent on WATERFRONT LOTS  is DOWN 41%
• Dollars spent on LAND & LOTS  is DOWN 16%
• Dollars spent on FARMS  is UP 20%
• Dollars spent on COMMERCIAL is UP DOWN 6%
• Conventional Financing is DOWN 12% to $52 Million
• Number of Conventional Financing LOANS is UP 5%
• Cash Financing is DOWN 12% to $42 Million
• Dollars spent on Grove Area is DOWN 3%
• South Counties Area is DOWN 19%

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, 2015 through September 30, 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 am UP 40% over the same time period in 2014.Savage 3rd Quarter 2015 Real Estate Results for Grand Lake