Grand Lake and Delaware County, OK, top vacation home
Oklahoma real estate was on top this week: a top vacation home market, a top female executive-investor, a small business executive and there were some big dogs.
Cheaper vacation home market
Vacation home sales soared in the second half of last year – and so far this year – and Oklahoma has one of the biggest markets: Delaware County, where Grand Lake has long been. a place to play and live, at least part-time.
Nationally, vacation home sales grew 16.4% in 2020, nearly triple the 5.6% growth in total sales, according to the National Association of Realtors.
Delaware County was in the top 1% of counties for vacation homes, with at least 20% of homes being seasonal, casual, or recreational.
The national median selling price rose 14.2% in vacation home counties, up from 10.1% in others, real estate agents said in their report. Vacation Home Counties 2021 Report.
Delaware County’s numbers are even more impressive, according to GrandLakeLiving.com, who reported statistics from the Northeast Oklahoma Real Estate Council in and Jeff Savage from RE / MAX Grand Lac.
In 2020, Delaware County saw:
- $ 377 million in real estate sales, up 79% from 2019.
- 1,666 properties sold, up 43%.
- Luxury homes grew 160% in dollar sales volume and 141% in number of sales.
- Waterfront homes increased sales 115% to $ 172 million.
- Cash sales jump 131%.
Savage said the market has not cooled. In the first quarter of this year:
- Total dollars spent on real estate in general increased 64% to $ 79 million from the first quarter of 2020.
- The amount spent on homes increased by 68% and the number of sales increased by 46%.
- The amount spent on waterfront and luxury homes (over $ 500,000) increased by 75%.
- The amount spent on waterfront land has increased by 687% and it is “not a typo,” Savage said.
“Vacation homes are a hot commodity right now,” said Lawrence Yun, chief economist at Realtors. “With many businesses and employers still offering the option of remote working for workers, vacation homes and second homes will remain a popular choice among buyers.
“The enduring remote working opportunity will continue to increase the already high demand for properties in these counties, particularly in counties with reliable broadband internet service.”
The top 1% of vacation home counties are concentrated in 16 states.
Oklahoma was one of eight states with a county in the top 1%. The others were Arizona (Coconino); Delaware (Sussex); Georgia (Hancock); Maine (Oxford); Minnesota (Itasca); New Jersey (Cap May); and New Mexico (Colfax).
Florida had two (Lee and Collier). Maryland had two (Garrett and Worcester). Missouri had two (Hickory and Camden).
Massachusetts had three (Dukes, Barnstable and Nantucket). Michigan had three (Oscoda, Alcona and Clare). New York had three (Greene, Sullivan and Hamilton). Vermont had three (Windham, Bennington and Windsor.)
North Carolina had four (Swain, Alleghany, Macon, and Watauga.)
Top woman manager turned owner
Pella Windows and Doors of Oklahoma said this week that CFO Ainslee Crum has become part-owner of the company, the first woman to do so.
Her husband Andy Crum, CEO, bought Pella’s Oklahoma City and Tulsa locations in 2017, but she just took a stake. The Crums stressed that this is a “male-dominated industry”.
“Each branch is privately owned and for the first time in 96 years a woman owns a minority,” said Andy Crum. “Ainslee has been and will continue to be a vital asset to our organization and we are very proud of this accomplishment. “
She is also the first woman owner of the Pella Distribution sales network, which includes 82 branches across North America. She is part of the fourth generation of the family that founded the company in 1922.
“Our goal is to continue to provide a product of exceptional quality and superior customer service. We believe in giving back and being part of our community. The core of our philosophy as a company is service above you, ”she said.
CEO of a small business
Jack L. Werner, owner of Oklahoma City’s A to Z Inspections, was recently appointed to Board of Directors of the National Association of Small Businesses, a little non-partisan
business advocacy organization.
“As a small business owner, I see the importance of being involved and active when it comes to laws and regulations on a daily basis,” Werner said. “Through the NSBA Board of Directors, I can help get the small business message to the people who need to hear it most: Congress.
Werner has been involved in small business for 50 years, since returning from the Vietnam War, where he served twice with the 4th Infantry Division, K Company, the 75th Airborne Rangers, and graduated in Commerce at the University of Central Oklahoma. He founded Inspections from A to Z in 2002 and is deeply involved in the continuing education of the construction industry.
The best places to accept dogs
Realtor.com have found that most pet owners consider their pets’ needs when choosing a home to buy – others don’t deserve their pets, poor people – and it turns out Oklahoma City has a a step ahead in pet-friendly accommodation.
The CE store, a real estate education organization, recently named Oklahoma City as one of the most pet-friendly cities in the country, thanks to its sprawling geography, large backyards, off-leash dog parks and other locations that accept dogs.
Homebuyers also make sure the four-legged family stays comfortable, said Lydia Hedrick, agent at Kevo Properties and a member of the Oklahoma City Metro Realtors Association Advice.
Hedrick said buyers wanted fenced yards with plenty of room for dogs, as well as additional indoor spaces such as a solarium, larger laundry room or an extra bedroom.
She said custom home builders are also getting creative for pet owners, even cats (thank you), with dog washers in laundry rooms and special alcoves for a litter box hidden under the stairs. The developers are keeping the beloved creatures in mind, with more parks, walking trails, and green spaces that are pet-friendly.
Need ideas for a romantic evening? :Here are 10 romantic getaways through Oklahoma
Real estate editor Richard Mize edits the Oklahoman Real Estate section and covers housing, construction, commercial real estate, and related topics for the newspaper and Oklahoman.com. Contact him at [email protected] Please support his work and that of other Oklahoman journalists by purchasing a subscription to http://subscribe.oklahoman.com.