Is Now The Time To Buy Grand Lake Property?Wednesday, July 21st, 2010
Grand Lake real estate prices are stable. Waterfront homes on the average have held their value very well thru our national real estate free fall. Of course, there are sales that were out of line and just plain too high that would lose money if sold today but waterfront Grand Lake homes bought on the market have held well. Off the water, subdivision homes have dropped in price from a 2006/2007 high on the average about 10%. Homes purchased in 2009 are steady to in instances slightly higher in 2010.
Interest rates are at all time lows which makes for buying a home great now. I do not see how rates can stay this low very much longer.
There are not many foreclosures in the Grand Lake area but we can find some deals once in awhile where someone really needs to sell a home because of financial problems, job transfer, divorce, or death in family.
Stock prices go up and down. Real estate went wild in some areas of the country and has soured some people’s desire to own and invest in real estate. However, if you look at the Midwest and Oklahoma in particular we did not see prices go sky high and have not seen them come down. We should be poised to see moderate price increases over the next several years as the economy improves. We believe the low prices are here now.
If you are thinking retirement, Oklahoma offers some of the lowest cost of living in the nation. Grand Lake offers moderate four season climate. Grove, the largest city on Grand Lake offers big city health care at the new Integris Grove Hospital, a 58 million dollar facility with wonderful health care providers. There are a number of civic clubs and churches to get involved with and enjoy. You can enjoy fishing, boating, hunting, gardening clubs, investment clubs, and many other activities. Patricia Island Estates in Grove offers golf course living with a special accent on the lake lifestyle. What a combination. On South Grand Lake, The Coves and The Points offer gated upscale living. The Coves features planned activities, golf, clubhouse, swimming pool, tennis, and a small fitness center.
Weekenders can enjoy second homes on Grand Lake. Monkey Island is home to many gated communities with ammenties, lawn care, and other things that make owning a second home carefree. You will enjoy homes in the moderate priced Newport Village, Brighton Bay, St Andrews, St. James, and The Estates. Upscale living in The Chateaus offers a golf and lake lifestyle. The new Shangri La Golf Club is coming along very nice and it is big asset to the Monkey Island area.
If you have your own financial house in order, now is a good time to help yourself with a great moneytary investment as well as a wonderful investment in family and friends by spending special time with them on Grand Lake. If you are looking for that retirement home, you need to check out the Grand Lake area.
Aaron Hughes and Joe Neill are the Grand Lake Team at RE/MAX Grand Lake in Grove, OK. We know the Grand Lake MLS and can make your experience thinking and buying Grand Lake less stressful, more inclusive, and fun. Aaron can be reached at 918 801-5645 or firstname.lastname@example.org. Joe can be reached at 918 640-3300 or email@example.com. We would love to hear from you and share Grand Lake with you.