Economy News from Boating & Lakes in OklahomaMonday, February 4th, 2008
The Tulsa Boat, Sport, and Travel Show ended February 3 after a week long show. This show is always gaged as the barometer for the upcoming season on Grand Lake in Northeast Oklahoma. If boat dealers have a good boat show, it usually means real estate sales will be good in the spring also.
This morning KOTV, channel 6 in Tulsa reported that the show was a huge success. They are calling it one of the most successful in the 50+ year history of the show. One boat dealer reported he sold 7 boats in 7 days and was extremely pleased.
If you have been on the fence about whether this is the year to buy that lake home on Grand Lake, I would think no more. The Oklahoma economy continues to be strong, boat show sales were strong, interest rates are back really low, and we have homes priced at good values. Real estate on Grand Lake has been up the past few years but did not get overheated like the Florida condo market. The home and waterfront lots market is steady, good value, and poised to continue to rise in value. I would be thinking, let’s buy before it gets higher.
Waterfront lots are getting harder to find in good locations at good pricing, but they are still there to be found. One new project on Monkey Island is pricing their waterfront lots at $400,000. A new Grove waterfront community has lots mostly priced from $200,000-315,000. We do have lots here and there around the lake priced from $50,000 and up that can still be bought. You might have to drive alittle further but still some nice properties.
Nice watefront homes start about $300,000 and go up. Once in awhile an older home can still be found for $200,000 or alittle more. We have several nice homes to pick from today, but I would not tarry. The buying season on Grand Lake usually starts March 1 but this year it seems that there are several out picking around for a good deal early in February.
I would not listen to the national real estate market woes. Oklahoma is alive and well and presents good real estate value. If you want a second home, lake home, golf course home, or retirement home on Grand Lake or the communities of Grove, Monkey Island, Ketchum, Langley, or Zena I would put my search in high gear for best selection. Follow the link below to our web site and check out our featured listings or do a multi-list seach here. Call Aaron at 918 801-5645 or Joe at 918 640-3300 to talk real estate on Grand Lake. We are the Grand Lake Team at RE/MAX Grand Lake in Grove.