A new lake real estate report from the country’s largest lake-focused brokerage show listing prices in Oklahoma are up over summer 2022. “The new Lake Real Estate Market Report from Lake Homes Realty shows Oklahoma’s total market at $786.2 million, up from $592.2 million in the summer of 2022,” said Elizabeth Phelan, a new agent with Lake Homes Realty, who focuses on Lake Eufaula in Oklahoma. Lake Homes Realty operates in 34 states across the country.
“The new quarterly lake real estate report from Lakehomes.com shows Lake Eufaula to be the third largest market in the state of Oklahoma,” said Phelan. “The specialized website just showcases properties that are lakefront, have a lake view or lake access so we can help clients from across the country search for dream lake properties.” As of June 14, 2023, Lake Eufaula has 508 lake area properties listed, ranging from a $2,500 lot to a $2 million lake home. “Twenty-two of the properties were listed for over $1 million,” said Phelan
The average home price for listings around Lake Eufaula is $437,785, according to the Lake Market Real Estate Report. The average lot price is $166,635 for the 302 lake area lots currently listed.
“Boating is extremely popular on Lake Eufaula, as are its related activities, waterskiing, tubing, and wakeboarding,” said Phelan. “With 105,500 acres of pristine water and 800 miles of shoreline, Lake Eufaula features sandy beaches, picturesque cliffs, and rich greenery. Lake Eufaula appeals to lake home searchers from across the country. Among the hundreds of people searching the lake homes and lots on Lake Eufaula in May 2023, the top Metro area looking on LakeHomes.com was Dallas, Texas, followed by Wichita, Kansas, and Chicago,” said Phelan. “The national reach offered by LakeHomes.com works really well with my local expertise along Lake Eufaula and the surrounding area,” said Phelan. One in 37 American adults look at LakeHomes.com each year.
“We believe our agents’ intimate knowledge about their lake real estate markets, nuances of the lakes themselves, and their involvement in local lake life is paramount to our continued growth,” said Glenn S. Phillips, CEO and Chief Economic Analyst for Lake Homes “Elizabeth offers outstanding customer service in the Lake Eufaula areas and is truly a specialist in that area,” he said.
About Elizabeth Phelan
Elizabeth Phelan, a native of Hugo, Oklahoma, has fond childhood memories of summers spent playing in the waters of Hugo Lake. Interestingly, today she finds herself selling properties on that very same lake, embracing her strong connection to the area. With an in-depth understanding of Hugo Lake, Lake Eufaula, and Sardis Lake, Elizabeth takes great pride in her ability to address any questions her clients may have.
Following a period as a devoted stay-at-home mom to her now teenage children, Elizabeth made a bold leap into the lake real estate industry. Her unique advantage lies in the fact that she grew up on Hugo Lake and resided on Lake Eufaula for a decade, granting her invaluable firsthand knowledge of these beautiful locations. To ensure her clients receive the most accurate and up-to-date information, she actively keeps abreast of the Army Corps of Engineers’ activities on the three lakes.
For Elizabeth, the most fulfilling aspect of her job revolves around the people she encounters. She takes genuine delight in not just meeting new individuals but also in providing assistance and support. Recognizing the significance of the decisions her clients are making, she eagerly stands prepared to guide them in finding their dream home, regardless of whether it’s their very first home-buying experience.