Average days on the market for sold homes are still 6 months and there is 12 months of inventory available to sell. Total home sales are identical for the 1st 4 months of 2016 compared to 2015 at 235 sales but total listings available for sale are down 4.5% to 1570 properties. Homes under contract and waiting to close are 12% higher than one year ago and the average sales price of homes sold are up almost 15% from a year ago (higher priced homes are selling). The $12 million center will be used by area performing arts students, for community events and as a FEMA Storm Shelter. Work has started adjacent to the Grove High School on this 1200 seat facility. Orizon Aerostructures (formerly Precision Aero Group) will spend $45 million to add 80,000 square feet to its present facility where they build parts for the F-35 fighter Orizon expects to hire an additional 60 workers in the next 24 months.įinally the Grove Performing Arts Center is under construction. Ferra plans to grow from 11 to 100 workers over the next three years. Ferra builds parts for the F-35 Fighter, Blackhawk Helicopter and components for solar panels and turbines. The hotel will be adjacent to the new 27 hole golf course and 14,000 square feet club house.įerra Engineering is almost finished with their new 35,000 sqare feet facility by the Grove Airport. The 80,000 square feet hotel includes 120 guest rooms, rooftop patio and bar, an inside/outside bar, 7,000 square feet conference center, ballroom, pool and playground. Shangri-La Resort and Hotel on Monkey Island is well under way for a Spring 2017 opening. This will be the 10th and newest casino owned by the Cherokee tribe. The casino is suppose to open prior to 2017. The casino will have 400 electronic games, poker room, restaurant, bar and dance floor. The $23 million casino is located just north of Grove and Sailboat bridge on HWY 59 and E. The Cherokee Casino Grove is nearing completion. So grab the kids, bundle up, and come out and line the downtown streets of Grove this Saturday. As with all small towns, if you are not in the parade, you are watching the parade. You can tune into our very own KGVE radio station to hear comments on each and every float as they pass by the judges. The parade will end just a few blocks down the hill in the parking lot past Braums on the left. That is where the judges will be it is the perfect viewing location. At the four way stop the parade will make a left hand turn and travel west on 3rd street, passing right in front of the Grove Community Building. from the Grove Civic Center, then travels north up the hill and through town to the downtown area. The streets of Grove come alive with over 75 lighted floats, bands and community organizations all decked out in holiday lights. The average days on the market for all homes sold in the NE Oklahoma MLS were 150 days.Ĭelebrate the Holidays by joining us in Grove's downtown for the annual Christmas parade. Average sales price YTD in Grove was $225,000.
#Property evaluator in grove ok zip#
The 234 homes that sold averaged 94% list to sales price in the 74344 zip code. Here is the price breakdown of sold homes::ĩ4 homes sold between $100,000 and $200,000ĥ7 homes sold between $200,000 and $400,000 This compares to 262 homes sold during the same period last year which is around a 11% decline. Year to date (YTD) in 2018 there were 234 closed sales in the Grove zip code. More inventory is still needed to give buyers more choices. As of 10-25-2018 there were 189 residential properties for sale in the 74344 zip code. Interest rates rising may actually help owner occupants buy homes as the higher rates have “Flippers” and Investors leave the market and leave more inventory for home owners.
Sales at the end of 2018 have started to soften in some markets (mostly the very hottest markets that have driven many buyers out because of excessive high prices). Will the 5% to 6% rates projected in 2019 scare them off or will demand still keep real estate markets hot? Millennials now buying have been use to rates as low as 2.5%.
Baby Boomers remember rates as high as 17% in the 1980’s so these rates are still unbelievable to them. Average Mortgage rates in 2016 were 3.5%, 4% in 2017 and have climbed to 5% in October of 2018.