Real Estate up date for the Grand Lake, OK market area
Data provided by the NE OK MLS for July, 2013
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Wayne “SHORTY” Short
RE/MAX Grand Lake
Statistics for Real estate sales and Listings for the Metro area: Grand Lake is unique in the wide price range of properties on the market in the area. 126 homes were placed on the market this year below $40,000 and at the same time, 118 homes were listed above $500,000. The higher priced homes tend to take significant longer to sale because there is a much smaller pool of buyers willing and able to purchase them.
The absorption rate is how many months of inventory we have based on how many homes sell each month divide into the total # of listings available for sale. The absorption rate for the entire MLS in 2013 YTD is 15.17 months compared to 18.18 months in 2012.
The average list price for 2013 is $224,301. This compare to $213,993 in 2012, a almost 5% increase in Price.
The average sales price for 2013 YTD is $162,392 compared to $160,579 in 2012. This is more of an indication of what price range is selling than any discount on sales price. Sold to list price in July was 895 of original list price. This is higher the beginning of the year when the percentage was 85.5% in January.
Total units sold YTD for 2013 was 2% less than the same time in 2012. New listings were also down 2.8% for the same time period. Total listing on the market are down 5% from a year ago.
For specific information on your real estate in the area call “Wayne “SHORTY” Short at 918-218-6011
My web site is www.Move2GrandLake.com and my email is wayne.short@remax.net.
RE/MAX Grand Lake, 2330 S. Main, Grove, OK 74344
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