Grand Lake In Oklahoma DevelopmentWednesday, September 5th, 2007
You can read stories every day about the gloom and doom areas of real estate mostly in Florida, California or other areas of the country that had huge price appreciation in a very short time.
Grand Lake in Oklahoma did not experience the very rapid growth of other areas but has seen a good steady price increase that is holding. One measurement of real estate is the amount of developers looking at the area or doing projects. The depressed area markets have seen development interest stop. On Grand Lake we have calls every little while from developers looking for their next project. I see activity on the multi-list that other real estate offices are also seeing action from developers.
The Peninsula on Monkey Island is one such development in the pre-sale stage of their condo project. Crowne Pointe on Monkey Island is also pre-selling a condo project with phase 1 recently sold out. Two homes in the million dollar range were sold recently in The Points, a gated upscale lakefront community on Grand Lake.
This weekend a home came on the market in Buffalo Shores South in Grove, OK on the water for $699,000, it sold in two days. We see action such as this quite often. True, all homes do not sell this quick but nice homes priced right do not sit very long. Woodard Pointe Estates, a small develpment with terrific waterfront views is down to two lots.
Grove, Oklahoma on the north end of Grand Lake to Langley on the south end of the lake has seen good homes sales. A new development just sold to a new group last week that will have about 30+ lots in a great area east of Ketchum.
Opportunities abound for developers and home buyers on Grand Lake in Northeast Oklahoma. If you are looking for that retirement home, second home, or just a lake home retreat Grand Lake is a great place to own property. Call Aaron at 918 801-5645 or Joe at 918 640-3300 for information on Grand Lake opportunities.