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My Third Quarter Real Estate Market Analysis is now complete.
I will post the updated detailed analysis at my SlideShare account (www.SlideShare.net/JeffSavage01 ).
To briefly REVIEW the Third Quarter 2016 results, let me give you a few quick insights:
TOTAL Dollars Spent on Real Estate is DOWN 2.5% from last year (2015)
TOTAL Dollars Spent on Real Estate was almost $126 Million
TOTAL number of PROPERTIES of all types sold is about the same
Dollars spent on HOMES is about the same
Number of HOMES sold is about the same
Dollars spent on WATERFRONT HOMES is UP 4%
Dollars spent on LUXURY HOMES ($500,000+) is UP 20%
Number of LUXURY HOMES sold is UP 9%
Dollars spent on WATERFRONT LOTS is DOWN 22%
Dollars spent on LAND & LOTS is DOWN 35%
Dollars spent on FARMS is DOWN 39%
Dollars spent on COMMERCIAL is UP 117%
Conventional Financing is DOWN 8% to $47 Million
Number of Conventional Financing LOANS is DOWN 12%
Cash Financing is UP 5% to $44 Million
Dollars spent on Grove Area is about the same at $65 Million
South Counties Area is DOWN 4% to $40 Million
If you would like a one page recap showing about 20 categories broken down to SOLD $s, # SOLD, Average Price and %age of
market, let me know and I will send it to you.
Based on information from the Northeast Oklahoma Board of Realtors® for the period January 1, 2016 through September 30, 2016.
Thanks to all of my buyers, sellers and friends, 2016 is off to a great start in real estate. I couldn’t have done it without you! I am
exceeding my annual goals so far, for 2016.
Please see me for your Real Estate needs.
2016Statistical Market Analysis
Third Quarter
Property Type SOLD Dollars # Sold Avg Price%-ageTotal
SOLD DollarsDifference
2016-vs-15
%-ageChange $
2016-vs-15
DifferenceNum Sold
2016-vs-15
%-ageChange #
2016-vs-15
COMBINED $125,897,939 817 $154,098 100.0% -$3,214,508 -2.5% 14 1.7%
Residential $107,525,034 662 $162,425 85.4% -$116,644 -0.1% -3 -0.5%
Residential - WF $52,260,350 160 $326,627 41.5% $2,079,672 4.1% 4 2.6%
Residential - NWF $55,264,684 502 $110,089 43.9% -$2,196,316 -3.8% -7 -1.4%
Residential - Luxury Homes $24,885,500 35 $711,014 19.8% $4,112,600 19.8% 3 9.4%
Land & Lots $4,808,855 82 $58,645 3.8% -$2,550,485 -34.7% 4 5.1%
Land & Lots - WF $1,810,600 22 $82,300 1.4% -$503,900 -21.8% 8 57.1%
Condos $5,572,899 29 $192,169 4.4% $1,146,343 25.9% 0 0.0%
Farm & Ranch $6,971,700 33 $211,264 5.5% -$4,474,344 -39.1% -7 -17.5%
Commercial/Industrial $5,494,350 31 $177,237 4.4% $2,964,465 117.2% 12 63.2%
FINANCING - Residential $107,525,034 662 $162,425 100.0% -$116,644 -0.1% -3 -0.5%
CONV-Res $47,428,411 256 $185,267 44.1% -$4,315,022 -8.3% -34 -11.7%
CASH-Res $44,334,889 279 $158,906 41.2% $2,241,792 5.3% 7 2.6%
OTHER-Res $5,635,374 46 $122,508 5.2% $1,874,961 49.9% 17 58.6%
FHA-Res $6,329,010 54 $117,204 5.9% $667,635 11.8% 6 12.5%
VA-Res $3,797,350 27 $140,643 3.5% -$586,010 -13.4% 1 3.8%
Grove Area $64,879,933 369 $175,826 51.5% -$554,714 -0.8% -6 -1.6%
South Counties $39,948,871 199 $200,748 31.7% -$1,728,947 -4.1% -1 -0.5%
Comparison-2016-vs-2015-ThirdQuarter.xlsx 1 10/11/2016