Report of Home Sales in NE OklahomaMonday, June 11th, 2007
Tulsa, Oklahoma is about 70 miles southwest of Grand Lake in Northeast Oklahoma. Residential home sales in Tulsa often give an indicator of sales in the Grand Lake area. I do not have a report in hand on Grand Lake sales but did just read the Tulsa report.
April 2007 April 2006
Active Listings 5800 5805
Pending Contracts 1448 1248
Residential Closings 1195 1112
Year to Date 3918 4035
Avg.Sales Price $148,200 $142,502
Median Sales Price $125,000 $121,000
The above figures tell me the market in Tulsa, OK is clipping along at about the same pace as 2006 with sales prices slightly higher that last year. We also experienced a much harsher winter this year than last that put sales behind until the weather got better.
The figures reported show the Tulsa real estate market to be alive and well. Oklahoma and the Midwest have not experienced the huge slow down in sales and prices the go go areas of the country have dealt with. The Tulsa real estate market is rated by many magazines and rating sources as one of the best values in the country. Grand Lake and Grove, Oklahoma real estate markets follow the lead of the Tulsa markets in many ways. When we see a report for the Grand Lake/Grove area I believe we will see steady sales at slightly higher prices compared to last year.
Now is a good time to invest in a second home or full time retirement home on Grand Lake or Grove, Oklahoma or one of the lake communities such as Monkey Island, Ketchum, Langley, or Disney.
Please follow the link below to my web site and check out the featured listings and multi-list search.