Friday, June 21, 2013

Grand Lake, OK Real Estate report for May, 2013


May, 2013 Housing Report

Grand Lake, OK Metro area

NE Oklahoma MLS Statistics for the month of May, 2013

Categories
May 2012
May 2013
Change
 
 
 
 
Closed unit Sales
61
74
+21.31%
Closed Volume(x1000)
11,161
11,870
+6.36%
Median Sales price
$96,500
$111,750
+15.80%
Average sales price
$182,960
$160,412
-12.32%
Median DOM
93
115
+23.66%
 
 
 
 
Average DOM
129
199
+54.44%
Median asked to sold
94.62%
94.19%
-0.44%
Average asked to sold
92.86%
93.67%
+0.87%
End of Month Inventory
1,267
1,090
-13.97%
Month’s supply of housing
19.75
15.76
-20.19%
 
 
 
 

Source: NE Oklahoma MLS

 

Average DOM or Days of the market of listings for 2013 YTD was only up 4.30& compared to the extremely large number just for May, 2013

 

YTD 2013 Average sales price was almost identical to 2012 compared to the decrease of 12.32% for just the months of May comparison.

 

YTD total sales volume for 2013 compared to 2012 is almost the same and only up .034%.

 

Needing real estate information for the Grand Lake area?  Do you need referred to a top Realtor is another location?  Give Wayne “SHORTY” Short a call at 918-218-6011 or email at wayne.short@remax.net.

 

www.Move2GrandLake.com

 


Wednesday, June 19, 2013



 













 



June 2013

NATIONAL HOUSING REPORT



In May, both home sales and home prices rose at double digit rates above levels seen in May last year. Sales increased by 11.6% and the Median Price by 10.8%. May marks the 4th month in a row that home sales and prices have risen higher than the previous month and higher than the same month last year. The data suggests that the housing recovery that began early last year is gaining momentum in 2013. Reduced inventory continues to be a concern, although for May and April month-to-month changes have shown signs of stabilization. The RE/MAX National Housing Report, a summary of MLS data from 52 metropolitan areas, also found that the number of homes for sale in May was nearly unchanged from April, but still lower than last year by a significant 26.4%. The corresponding Months Supply in May was a low 3.5, a clear indication of a sellers’ market. The result of low supply and high demand is rising prices and a low average Days on Market, just 70 in May. As home prices rise, millions of homeowners gain positive equity. With a brighter financial outlook, many will feel comfortable selling their homes and the inventory shortage should be greatly reduced.

"After a few years of disappointing data, we are so pleased that a housing recovery is finally in full swing. The month of May continues the trend we’ve been seeing in 2013, steady and consistent growth," said Margaret Kelly, CEO of RE/MAX, LLC. "Last year was the year of the housing turn-around and this year represents a start on the road to sustainability."




Housing Stabilizing with Continued Growth

TRANSACTIONS – YEAR-OVER-YEAR CHANGE
The May RE/MAX Housing Report showed a 13.2% increase in Closed Transactions over April and a 11.6% increase over sales in May 2012. May becomes the 23rd month in a row showing higher sales than the same month in the previous year. With increasingly higher sales than the previous month, this year’s selling season appears to be gaining steam. Of the 52 metro areas surveyed in May, 45 reported higher sales than May 2012, with 30 reporting double-digit gains, including: Providence, RI +35.3%, Raleigh & Durham, NC +31.6%, Chicago, IL +31.2%, Albuquerque, NM +30.3%, Trenton, NJ +29.0% and Indianapolis, IN +26.7%.


 


 



For all homes sold in May, the Median Price was $185,000, which was 4.2% higher than the Median Price in April and 10.8% higher than the price in May 2012. For 16 months in a row, the Median Price has been higher than in the same month of the previous year. With current buyer demand and low inventories of homes for sale, home prices are expected to remain higher than last year. Of the 52 metro areas surveyed in May, only three experienced a year-to-year drop in Median Price: Trenton, NJ -0.2%, Burlington, VT -0.6% and Albuquerque, NM -2.7%. However, a total of 49 metros saw year-over-year price increases, with 21 reporting double-digit increases, including: Detroit, MI +45.8%, Atlanta, GA +42.9%, San Francisco, CA +40.1%, Las Vegas, NV +31.5%, Los Angeles, CA +29.6%, and San Diego, CA 26.1%.




 





 


DAYS ON MARKET – AVERAGE OF 52 METRO AREAS
For all homes sold in May, the average Days on Market was just 70. This is 7 days lower than the average seen in April and was 22 days lower than the May 2012 average of 92. The 70 day May average is the 12th time in the past year that Days on Market has been below 90. The low Days on Market average is the direct result of few homes for sale and high buyer demand. Days on Market is the number of days between when a home is first listed in an MLS and when a sales contract is signed.


The number of homes for sale in May was virtually unchanged from April, with a decrease of just 0.9%, while the drop from May 2012 was 28.4%. With declining loss percentages, home inventories may be in the early stages of a return to more balanced levels. Of the 52 metro areas in the May survey, only three reported a rise in overall inventory from last year: Little Rock, AR +0.6%, Tulsa, OK +3.7% and Manchester, NH +11.7%. Extremely low Months Supply of inventory continue to be seen in cities like: San Francisco, CA 1.0, Denver, CO 1.4, Boston, MA 1.5, Los Angeles, CA 1.5, Phoenix, AZ 1.7, San Diego, CA 1.8, Washington, DC 1.9, Orlando, FL 1.9, and Seattle, WA 2.0.
MONTHS SUPPLY OF INVENTORY – AVERAGE OF 52 METRO AREAS

ABOUT THE RE/MAX NETWORK
RE/MAX was founded in 1973 by Dave and Gail Liniger, real estate industry visionaries who still lead the Denver-based global franchisor today. RE/MAX is recognized as a leading real estate franchisor with the most productive sales force in the industry and a global reach of more than 90 countries. With a passion for the communities in which its agents live and work, RE/MAX is proud to have raised more than $130 million for Children’s Miracle Network Hospitals, Susan G. Komen for the Cure® and other charities. Nobody in the world sells more real estate than RE/MAX. Please visit www.remax.com or www.joinremax.com.
The RE/MAX National Housing Report is distributed each month on or about the 15th. The first Report was distributed in August 2008. The Report is based on MLS data in approximately 53 metropolitan areas, includes all residential property types, and is not annualized. For maximum representation, many of the largest metro areas in the country are represented, and an attempt is made to include at least one metro from each state. Metro area definitions include the specific counties established by the U.S. Government’s Office of Management and Budget, with some exceptions.


DESCRIPTION

DEFINITIONS
Transactions are the total number of closed residential transactions during the given month. Month’s Supply of Inventory is the total number of residential properties listed for sale at the end of the month (active inventory) divided by the number of sales contracts signed (pended) during the month. Where "pended" data is unavailable, this calculation is made using closed transactions. Days on Market is the number of days that pass from the time a property is listed until the property goes under contract for all residential properties sold during the month. Median Sales Price is the median price of all residential properties sold during the month.

MLS data is provided by contracted data aggregators, RE/MAX brokerages and regional offices. While MLS data is believed to be accurate, it cannot be guaranteed. MLS data is constantly being updated, making any analysis a snapshot at a particular time. Every month the RE/MAX National Housing Report re-calculates the previous period’s data to ensure accuracy over time. All raw data remains the intellectual property of each local MLS organization.

© copyright 2013 RE/MAX, LLC
For specific data in this report or to request an interview, please contact (303) 796-3405 or shaunwhite@remax.com.
CONTACT:  Wayne "SHORTY" Short, 918-218-6011, www.Move2GrandLake.com
wayne.short@remax.net

 

Wednesday, June 5, 2013

WallMart FLW fishing tournament coming to Grand Lake......



The Walmart FLW fishing Tournament is coming to Grand Lake and Grove, OK June 5th to June 9th, 2013.  300 anglers (1/2 professionals and 1/2 co-anglers) will be competing in the 4 day event with the winner receiving $125,000 and the winning co-angler getting $25,000.

Wed. June 5th at Jeff Lungren Chevrolet you can visit some of the anglers participating in the event.  Each day at 5:00 AM the festivities start a the Wolf Creek boat ramps.  Thursday and Friday the weigh-in will take place at 3:00PM at Wolf Creek and Saturday and Sunday the weigh-ins will take place at 4:00PM at the Walmart in Grove, OK.

This is the 5th event of the season for this tournament which has run for 18 seasons.  This year may be a little more difficult for the anglers with the lake being up over 4 feet and GRDA limited on how much water they can release due to Flooding south of Hudson Lake that receives the runoff from Grand Lake. 

Tuesday night there were additional heavy rains at the lake and over the 10,000 square mile water shed in NE Oklahoma and SE Kansas that feeds the lake through three rivers.  There is lots of debris floating in the lake so the anglers will have to be very careful speeding from one fishing spot to another.

The event will be shown on NBC sports Network 11 till Noon on July 28, 2013

____________________________________________________

Thunder at Wolf Creek
 
Wolf creek branch of Grand Lake in Grove, OK
 
June 6th to 14th, 2013
 
Hydroplane Boat Races
 
 
 
Needing a waterfront home at Grand Lake?  Call "SHORTY"