Home Sales Surge in Tulsa, OK/Survey: Housing in Tulsa a Bargain

Tuesday October 2, 2007 headlines in the Tulsa Daily World, Eastern Oklahoma’s source for print news read-"Survey: Housing in Tulsa a Bargain". The article goes on to say that Tulsa is eighth on the list of most affordable homes for buyers. Further on the article states that the area has been one of the most affordable places for most of the last 10 years.

The business section headline the same day reads-"Home Sale Surge Defies U.S. Trend". Tulsa area home sales surged 7.3% in August compared to July sales. The article goes on to report the local economy remains strong, and the only issue that could drag down the local housing market is fear of the national market. Year to date sales in Tulsa are only 150 homes behind the record pace set in 2006. Average sales price in August for Tulsa was $160,863. The year before number was $150,383.

These numbers certainly do not show a slowdown in the the market for housing in Tulsa, OK. Grand Lake and Grove, OK are only an hour or so drive from Tulsa. While the market at Grand Lake and Grove for homes is different and is a second home haven for people from Tulsa, Oklahoma City, Wichita, Kansas City, and points far and wide prices generally track the Tulsa reports and I feel they will this time also.

Grove, OK is a wonderful second home town but also a great retirement home center and also a great place to raise a family. Other areas of Grand Lake such as Monkey Island, Ketchum, Langley, Disney, and Zena offer wonderful lakefront, lakeview, or near the lake sites to suite your needs and desires.

Wonderful home additions such as Grove’s Patricia Island, Buffalo Shores North-South-III, or Wildwood Farms offer great homes. Monkey Island offers nice gated communities such as Newport Village, Brighton Bay, St. Andrews, St. James, The Chateaus, Crown Pointe, and many others. The South Grand Lake area offers fine homes in The Coves or The Points. Also, many lots surround the lake awaiting a new home to be built or many fine homes are offered for sale.

Don’t be mislead by CNBC and other reports that lump all housing markets as doom and gloom. Oklahoma has seen a moderate housing price increase each year since 2001 but not the double the price each year some coastal markets saw. If now is a great time in your life to look for a second or retirement home near or on a wonderful lake, Grand Lake area is probably for you. Call today to find out more — Joe at 918 640-3300 or Aaron at 918 801-5645. We are the Grand Lake Team at RE/MAX Grand Lake in Grove and Monkey Island. Follow the link below to our web site for more information and listings.