Lake Texoma Real Estate Update for January 2012




It's RAINING! It's POURING! It's COLD! NOW is the perfect time to BUY your PREMIER Lake Texoma property for a good price! Brookshire's Grocery and Retail Center will break ground at NEW Highway 289, (Preston Road) and Highway 120 in February 2012. Rialto Movie Theatre will reopen its majestic doors in downtown Denison in February 2012. Highport Marina's Island Bar and Grill will reopen in February 2012 with a new delectable menu. NOW is the time to BUY. And, according to local realtors, many savvy investors are heeding this advice! Local real estate market conditions (average price, number sold, etc.) reveal the following statistics from NTREIS: From January 1, 2012 to January 26, 2012, 34 listings in the Pottsboro and Denison area were SOLD or PENDING, compared to a year ago for the same time period in 2011, when 26 listings in the Pottsboro and Denison area were SOLD or PENDING. That is a 30% increase for 2012, and inventory continues to dwindle as active listings decline 12.4% in Denison, 18.1% in Pottsboro from December 2010 to December 2011. Key drivers of resort property sales are employment rates, retiring Baby Boomers, affordability, new attractions to the area, and interest rates. Employment rates have risen and consumer confidence has risen 15 points in the last month. Lake property affordability has improved as interest rates have fallen further to 3.98% from 4.23% in October of 2010. Additionally, the Denison area was named as one of the top 10 least expensive urban areas in the U.S., according to the ACCRA Cost of Living Index. A cold, wet wintry day is certainly the BEST time to purchase a PREMIER Lake Texoma property. BUY now and be ready to enjoy the beautiful Spring weather! Simply search laketexoma.com real estate to find your once-in-a-lifetime lake property. More updates to come in February...




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Lake Texoma Current Weather Alerts

There are no active watches, warnings or advisories.

 

Lake Texoma Weather Forecast

Wednesday

Severe Tstms

Hi: 86

Wednesday Night

Mostly Clear

Lo: 65

Thursday

Slight Chance Thunderstorms

Hi: 79

Thursday Night

Partly Cloudy

Lo: 61

Friday

Partly Sunny

Hi: 75

Friday Night

Partly Cloudy

Lo: 57

Saturday

Partly Sunny

Hi: 77

Saturday Night

Mostly Cloudy

Lo: 60


Lake Texoma Water Level (last 30 days)


Water Level on 5/8: 623.02 (+6.02)



Lake Texoma

Fishing Report from TPWD (May 1)

GOOD. Water normal stain; 67 degrees; 0.33 feet below pool. Striped bass fishing is great on top waters early along rocky shorelines and sandy flats around coves. Watch for birds on the banks and fish the direction the birds are moving up and down the rocks. Live bait is still very effective fishing ledges and humps near the river channels in 35-45 feet of water. The shad spawn is on and catching will only get better. Crappie fishing is good near boat docks and on structure also using electronics to locate roaming fish in 12-15 feet of water. Glo and milk are colors of choice with a crappie nibble tip. Seeing females in the creeks 2-5 feet of water as well. Catfishing is getting better on cut shad and prepared baits anchored on ledges in 40-50 feet of water a few reels off the bottom near rocky banks. Slip cork with a cut shad down the bluffs are producing channel cats preparing to spawn as well. Bass fishing is good using top waters early, spooks or closed face glide baits and fish crawl baits later. Fish are roaming near the beds and hitting white chatter baits as well. Live shad down the bluffs are producing numbers with the occasional big fish off the rocks in 5-8 feet of water. Report by Jacob Orr, Guaranteed Guide Service Lake Texoma. Hybrid stripers are excellent with limits coming on topwaters along the bank early in the morning watching for Egrets. Then switch to swimbaits on flats and points in 10-20 feet of water. Shad are spawning along the banks. Report by John Blasingame, Adventure Texoma Outdoors.

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