Supply is a Function of Demand in Real EstateSaturday, December 8th, 2007
Grand Lake waterfront homes and vacant waterfront lots in northeast Oklahoma are in short supply. Supply is always a part of the equation in what makes a real estate market soft or hot. The real estate market in Oklahoma never got red hot as the California, Nevada, and Florida markets did. This area has seen slower demand as the result of national media news on the slow real estate market in many areas of the nation.
October, normally a brisk paced real estate month of 2007 was extremely slow with buyers afraid the sky was falling from all the national negative news. However beginning about Thanksgiving into the first third of the month of December, normally a slow time has seen the number of lookers pick up. There has also been several deals on waterfront properties.
Interest rates are down again making now a great time to buy. With the short supply of waterfront homes available you will not see price declines here. If you wait, the selection may be less yet. The bottom line is, if you want a waterfront home or property on Grand Lake in northeast Oklahoma now is the time to begin your search.
Go to the link below to find waterfront homes in the multi-list and search our featured homes section for top quality homes. Call Aaron at 918 801-5645 or Joe at 918 640-3300 for info or to schedule your showing. We are a part of the Grand Lake real estate leaders, RE/MAX Grand Lake in Grove, OK.