Grand Lake Real Estate Market

The Grand Lake real estate market as well as all NE Oklahoma market is holding well. This area never saw the straight up in prices as California, Nevada, Florida, and many other states did. Our market is certainly not robost but people are buying homes and prices are steady to slightly higher. The Tulsa World newspaper reported the Tulsa home market sales this week and total volume of sales and pending sales were down slightly from last year but median and average prices were up slightly. We see many people come into the market expecting to “steal” something. This is just not happening, once in awhile you find a forced sale that will be somewhat under market, but by and large you just look for value. We still see homes priced $50,000 or more above their actual value and when they finally sell they usually get to true value. Some see these sales as “fire sales” but in realty they are just overpriced to begin with and came to the market.

In our Re/Max Grand Lake office we try to price close to actual value using comp sales and our own market judgement. Most remax sales end up at about 95% of list price. This gives the buyer a good feeling and seller gets home value, a win/win for both buyer and seller.

If you have put off buying a home, why wait further? Interest rates cannot stay at the lows they are now, there is a nice selection of homes available, and if you have not owned a home within the past 3 years you may be elgible for an $8000 tax credit. Home ownership when looked at over any 5-10 year period is a good deal financially and it is just a good feeling to own your own home.

Grove, Oklahoma is a wonderful place for a retirement home or perhaps you want a weekend home or second home on the lake or golf course. We offer both with great golf course homes available in Quai Run or Patricia Island Estates in Grove or The Estates,  The Chateaus, Point Marin,  The Villas, or Shangri La Place on Monkey Island. The Coves offers golf course living on South Grand Lake. We have MLS listing around the entire Grand Lake area for waterfront homes and waterview homes, some with boat slips.

Slow down, enjoy life on Grand Lake in NE Oklahoma. You never heard anyone say upon retirement they wished they had worked harder, stop and smell the roses as you go along. Grand Lake is a wonderful place to just that.

Call Aaron Hughes at 918 801-5645 or aaronhughes@remax.net or Joe Neill at 918 640-3300 or jneill@remax.net for information on Grand Lake Homes. We are the Grand Lake Team at RE/MAX Grand Lake in Grove, OK. Search our featured listing button and the Grand Lake MLS button at the top of this page.