2019 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 continue over $200 Million for the third year in a row, supported by six strong years of performance. The market continues to improve since our low in 2010. INVENTORIES remain low, following twelve years of declines. 2019 saw a further 10% 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.

1. PRESENTED BY:
Jeff Savage
Realtor - CRS, E-Pro, SRES
RE/MAX Grand Lake
2019 Grand Lake
Area Real Estate Trends

2. 2019 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, 2010
through December 31, 2019
• Based on information from the
Northeast Oklahoma Board of Realtors®

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

6. All Property Sales
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
$119,843,085
$127,567,682
$155,397,922$156,792,161
$173,198,120
$170,274,084$174,451,405
$202,917,028
$201,416,164
$210,542,486
Dollar Volume

7. Residential Sales
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
$102,288,460
$111,388,218
$127,524,518
$137,025,450
$144,812,505
$142,665,906
$150,099,600
$173,277,817
$166,882,987
$177,622,469
Dollar Volume

8. Residential Waterfront
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
$49,067,635
$58,060,405
$69,526,355
$77,038,246
$79,806,222
$66,065,328
$75,557,645
$86,463,151
$81,447,437
$79,982,675
Dollar Volume

9. Residential (NOT Water Front)
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
$53,220,825
$53,327,813
$57,998,163
$59,987,204
$65,006,283
$76,600,578
$74,541,955
$86,814,666
$85,435,550
$97,639,794
Dollar Volume

10. Luxury Home Market
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
$19,508,210
$23,839,600
$32,289,500
$32,502,971
$36,446,450
$28,245,650
$35,002,500
$41,073,500
$37,474,500
$38,852,575
Dollar Volume

11. Water Front Lots
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
$3,411,375
$2,835,300
$5,995,737
$2,715,300
$4,737,500
$3,326,500
$2,318,600
$3,161,000
$3,400,375
$4,822,923
Dollar Volume

12. Condos and Townhomes
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
$6,185,500
$7,108,232
$5,990,000
$8,203,600
$6,251,300
$5,199,056
$8,780,699
$10,816,000
$11,457,900
$14,366,600
Dollar Volume

13. Farms and Ranches
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
$4,828,470
$4,228,334
$11,467,820
$6,679,400
$11,918,905
$13,363,744
$8,580,200
$12,091,332
$8,950,650
$10,617,625

14. Commercial
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
$2,897,900
$1,686,000
$3,047,500
$4,685,400 $4,487,000
$3,612,385
$7,487,350
$4,475,500
$7,616,471
$8,724,441
Dollar Volume

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

16. Residential Waterfront
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
$333,793
$335,609
$345,902
$342,392
$338,162
$340,543
$338,824
$372,686
$363,605
$365,218
Average Sold Price

17. Residential
(not Water Front)
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
$106,018
$101,965 $101,751 $100,989 $101,256
$114,843
$111,257 $113,930
$123,462
$131,768
Average Sold Price

18. Luxury Home Market
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
$780,328
$722,412
$750,919
$792,755 $792,314
$706,141
$714,337
$760,620
$749,490
$719,492
Average Sold Price

19. Water Front Lots
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
$136,455
$166,782
$249,833
$104,435
$143,561
$184,806
$79,952
$137,435
$87,189
$160,764
Average Sold Price

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

21. All Residential Sales
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
$102,288,460
$111,388,218
$127,524,518
$137,025,450
$144,812,505
$142,665,906
$150,099,600
$173,277,817
$166,882,987
$177,622,469
Dollar Volume

22. Conventional Loans
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
$48,401,234
$51,062,943
$61,306,542
$66,582,745
$75,157,099
$67,814,541$69,847,073
$83,598,955
$81,553,085
$92,266,254
Dollar Volume

23. Cash Sales
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
$32,731,016
$33,173,688
$34,857,391
$42,756,759
$55,987,281 $56,743,172
$59,959,414
$63,729,724
$58,210,406
$54,055,397
Dollar Volume

24. FHA Loans
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
$5,868,310
$6,541,987
$6,909,992
$5,228,626
$6,623,375
$7,445,575
$8,662,849
$10,967,048
$11,985,332
$13,679,765
Dollar Volume

25. VA Loans
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
$1,695,800 $1,517,300
$1,975,900 $2,026,300
$4,427,010
$5,483,105
$4,705,590
$6,740,660
$7,651,625
$10,677,029
Dollar Volume

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

27. All Property Listings
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
4,490 4,458
4,586
4,292 4,225 4,204 4,206 4,281 4,249
3,815
Active Listings

28. All Property Sales
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
803
830
957 981
1,082
1,049
1,098
1,175 1,166 1,164
Total # Sales

29. Residential Sales
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
649
696
771
819
878 861
893
994
916
960
Total # Sales

30. Conventional Loans
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
286
300
327
337
371 370
352
423
368
403
Total # Sales

31. Cash Sales
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
194
225
250
316
378
353
372
381
357
315
Total # Sales

32. FHA Loans
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
66
62 64
52
62 64
77
98
101
118
Total # Sales

33. VA Loans
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
12 11
13 14
30
33 34
44 45
64
Total # Sales

34. In Conclusion
• Water Front Homes continue to bring buyers
to Grand Lake.
• Total sales remain over $200 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 10% in 2019.

35. 2019 Grand Lake Area
Real Estate Trends
www.SlideShare.net/JeffSavage01

36. PRESENTED BY:
Jeff Savage
Realtor - CRS, E-Pro, SRES
RE/MAX Grand Lake
2019 Grand Lake
Area Real Estate Trends