Real Estate Market at Grand LakeMonday, October 13th, 2008
We hear many stories of gloom and doom concerning real estate. If you really look at the national market, the main problems are confined to a few states including Florida, California, Nevada, and Michigan. Michigan’s problems stem from the massive layoffs in auto related industries. The other three states saw home values skyrocket with speculators causing many of the problems. The midwest market including Oklahoma and Grand Lake has seen a steady price increase in the single digits over the past several years. Our market is not robost, but homes are selling at steady prices. Consumer confidence has hurt all areas including Oklahoma, but the economy is stable and ok in Oklahoma. We are open and doing business in all areas including real estate in the Grand Lake/Grove, OK area.
Homes closed on our MLS list this morning, October 13, 2008, include two Patricia Island Estates waterfront homes and a Melody Point life style home. One Patricia Island waterfront is 4469 square and sold for $951,000. The other waterfront at Patricia Island is 4258 square feet and sold for $667,000. The Melody Point home is 3552 square feet and includes the many ammenties of Melody Point but no boat slip and sold for $599,000. This home was not on the lake front but has many custom features on the interior. A starter home sold on Cherokee Street sold new for $79,000 without a garage.
Please visit www.grandlakeokhomes.com to view current listings in the Grand Lake area. If you would like to own a second home, waterfront home, golf course home, or move to Grand Lake/Grove area for retirement or to raise a family now is a good time to buy. Interest rates are low, fall is sale time every year on the lake, and homes while not at firesale prices are priced fairly. Don’t put off your life, you can buy now.
Call Aaron Hughes at 918 801-5645 or Joe Neill at 918 640-3300 for more information or to set up an appointment to view properties. We are the Grand Lake Team at RE/MAX Grand Lake in Grove.