Jeff Savage’s Year End 2013 Real Estate Report for Grand Lake

Jeff Savage, Realtor

My Year-End 2013 Real Estate Market Analysis is now complete, and is as follows.

To briefly REVIEW the Year-End 2013 results, let me give you a few quick insights:

TOTAL Dollars Spent on Real Estate was UP 1% from last year (2012) which was UP over 2011 by 21.7%

TOTAL Dollars Spent on Real Estate was almost $157 Million

TOTAL number of PROPERTIES of all types sold is UP 2.5%

Dollars spent on HOMES is UP 7.5%

Number of HOMES sold is UP 6.2%

Dollars spent on WATERFRONT HOMES  is UP 10.8%

Dollars spent on LUXURY HOMES ($500,000+)  is UP 1%

Number of LUXURY HOMES sold is DOWN 5%

Dollars spent on WATERFRONT LOTS  is DOWN 55%

Dollars spent on FARMS is DOWN 42%

Conventional Financing is UP 8.6% or $5 Million

Conventional Financing LOANS is UP 3%

Cash Financing is UP 23%

Dollars spent on South Counties Real Estate is UP 12.6% or $6 Million

Grove Area Real Estate remains just over 50% of the market

Based on information from the Northeast Oklahoma Board of Realtors® for the period January 1, 2013 through

December 31, 2013

Jeff Savage – CRS, e-PRO, SRES