Today, Friday May 8, 2009 the Tulsa Daily World, the regional newspaper for NE Oklahoma had an article on the business page showing current sales figures from the Greater Tulsa Association of Realtors.

The following was reported:

                                       March 2009                   March 2008            February 2009

Pending contracts                 1132                                  1052                      864

Closings                                 890                                     892                     674

Year to Date                          2101                                   2452                     1211

Average Sales Price           $151,694                             $158,023              $149,099

This is a good report showing clearing increased activity in the housing market in the Tulsa area with values on average slightly cheaper than a year ago, but I would not read too much into this number because we don’t know mix of home values sold. It does show as stated a renewed interest in housing.

I have not seen recent figures for the NE Oklahoma Board of Realtors including the Grand Lake real estate market, but usually if the Tulsa market is healthy, the Grand Lake market will follow the trend. Interest rates are at all time lows, home prices are stable and never got crazy in Oklahoma, real estate is a good investment you can enjoy as price appreciates over the years of enjoyment, and a second home at lake can be a good stress reliever. Grand Lake and Grove, Oklahoma has many fine retirement homes, waterfront homes, golf course homes, and investment lake property listed in our MLS. You can search the MLS at the button at top of this page and also see our featured listings at it’s button above.

For more information on the Grand Lake contact Aaron Hughes at 918 801-5645 or aaronhughes@remax.net

or Joe Neill at 918 640-3300 or jneill@remax.net    We are the Grand Lake Team at RE/MAX Grand Lake in Grove, Oklahoma. We hope to hear from you soon.