NE OK Real Estate Market Spring 2010

The spring real estate market in NE OK is starting to come alive. The Grand Lake MLS sales numbers are not out yet but today the Tulsa World newspaper reported the home sales numbers for March in the greater Tulsa, OK area. They report 934 homes sold in March, up 58% from February and up 4% from March 2009. The average sales price for March was $151,917 compared to $151,666 in March 2009. The federal home buyer tax credits appear to be driving some activity but we also think that people in general feel better about their economic status and are ready to get on with their life whether that means a new retirement waterfront home on Grand Lake or a nice golf and lake home at Grand Lake. We also are seeing families and individuals looking for that perfect residential home. The tax credit is great but to put in true nature of it, it is just a small per cent of the price of a home and does not really determine whether you can buy this home or that home. It just is a good incentive to get out and get in the market. It is also good to note that the average sales price is slightly higher and certainly not going down.

What does all this mean? We think that if you are looking for a good deal on a home in the Grand Lake area that it is not time to tarry. Spec builders are not back yet, the inventory is getting picked over slowly buy surely. There are still some deals to be had but we expect them to become fewer and fewer as current inventory is sold off without new spec homes being built. Another good reason to buy now is to get in on the great interest rates currently available. We all know that rates have only one way to go and that is up.

To sum it all up, if you want a new waterfront home on Grand Lake, a golf course home at Grand Lake, or a nice residential home in Grove, OK now is the time to act. Search the Grand Lake MLS at our MLS search button above, see our featured listings at that button above, then call the Grand Lake Team to help you find just the right place. For Aaron Hughes call 918 801-5645 or or Joe Neill at 918 640-3300 or We are the Grand Lake Team at RE/MAX Grand Lake in Grove, OK and hope to hear from you soon.