We conducted a Grand Lake Area Real Estate Symposium recently for 100 local business, government and Real Estate people. The speakers included the Region Vice President for NAR, the Region Department of Commerce representative, the Oklahoma House of Representative member, and me, Jeff Savage. For that Symposium, I prepared an in-depth study of the local Real Estate market – analyzing the last five years. This presentation is an updated version covering years 2005 to 2009.

1. 2010 Grand Lake Area MLS Statistics

2. Real Estate Statistics Jeff Savage 2010 Grand Lake Area

3. Real Estate Acronyms, Terminology and Definitions DOLLAR VOLUME Total dollars spent in that property category. AVERAGE SOLD PRICE Total Dollars Spent divided by number of units sold in that property category. Luxury Home Market In this instance, we will simply use the price point representing the upper 5% of the market, or $500,000+

5. Comparable Sale Prices are Lower than Active Listing Prices

6. Median Sale Prices are IncreasingDays on Market will be Decreasing

8. Median Sale Prices are Decreasing

9. Comparable Sale Prices are Higher than Active Listing PricesDays on Market is Increasing

11. All Property Types

12. All Property Types

13. Residential Waterfront

14. Residential Waterfront

15. Residential (not Water Front)

16. Residential (not Water Front)

17. Luxury Home Market

18. Luxury Home Market

19. Water Front Lots

20. Water Front Lots

21. Condos and Townhomes

22. Farms and Ranches

23. Commercial

24. Number of Sold Transactions

25. Days on the Market

27. CONVENTIONAL Financing

28. FHA Financing

29. VA Financing

30. CASH Financing

31. OTHER Financing

33. 2010 Grand Lake Area MLS Statistics

34. Q & A