Resales

Oklahoma City Housing Prices Remain Strong

Realtors in Oklahoma City, Oklahoma are remarking that sales and prices remain strong in summertime housing. "North Oklahoma and it"s surrounding communities are one of the fastest growing communities in the United States," say Realtors Dennis and Judy Nevius. "You will find excellent schools as well as a very active community with activities to fit most any age or interest! New homes continue to go up and the values of existing homes continue to stay strong." Says Realtor Bill Wilson, "Home sales continue to remain strong! They have been boosted by an overall good Oklahoma economy and historically low interest rates. The average home price has increased from $117,765 to $125,475 over the April 2003 time period. The list price to sales price ratio has remained at 98 percent. Average days on market has increased to 72 days." "What a difference a month makes," says Realtor Joe Pryor. "Sales have skyrocketed, especially in the older prestige neighborhoods. The average appreciation in Greater Oklahoma City was 3.7 percent overall last year, but desirable neighborhoods are showing a 10 percent to 15 percent advance, a definitive sign of a strong seller"s market. The market tends to tail off above $500,000, because of strong new home sales in the Edmond area, but every market segment is experiencing growth. He advises, "It is important to note that "come back" neighborhoods that are located near strong anchor neighborhoods are three times greater on appreciation. The current trend is to find fixer uppers that give the same feel but can be bought for significant savings. These are the rare gems to look for, and do not constitute a great risk. The new home market in far Northwest Oklahoma City, especially in the Piedmont School District just keeps getting stronger. It is important to note that a previously unsung area is poised for spectacular growth, and this is the Jones School District on Oklahoma City"s East side. New construction above $200,000 is selling briskly, and Jones Schools have the same small and controlled feel as heralded Deer Creek. Watch for this area in the future." Click here to view current Market Conditions in your location.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):

Categories
Commercial Property
Estate and mortgage
Investment property
Primary market
Property Management
Real Estate News
Rent Real Estate
Resales
Residential Real Estate
Technology Transactions
News of the day
Settling In: Pre-Move Pointers for Taking Stock
Despite all of the hassle moving represents, when the anxiety is gone and the dust has cleared, most of us have to admit that it"s a liberating experience. It forces us to rid ourselves of the clutter accumulated in the house we"re leaving. Whether of not you buy new furniture for your new residence, the motions of packing up and heading for different surroundings is a positive experience for most movers. It"s an opportunity to start over.
Popular Articles
pounds till payday

For First-Time Homebuyers: A Word from the Wise
Fred George of Puritan Realty in Plymouth, Mass., knows a thing or two about buyers" mistakes. In the mid-1980s, he found himself a casualty of the banking crisis. Like many others, George was caught up in the buying and selling frenzy before the bottom fell out. Banks closed, homeowners lost the homes that were now mortgaged at inflated rates, and in a matter of a few short months, George lost the real estate holdings he"d spent 30 years acquiring. (We originally brought you a profile of George in AgentNews" Jan. 21 edition.)

Risk of Home Fires Rise as Temperatures Drop
There is no denying that fire is, and always has been, part of our natural ecology. Unfortunately, we have all seen the horrors when all of the factors necessary to support large, intense and uncontrollable fires are present. Today, as outdoor temperatures drop and people across the nation take measures to keep themselves and their loved ones warm this winter, builders should alert both current and prospective homeowners with steps to reduce the risks associated with home fires. The following provides some tips for both outside and inside the property.

© Copyright 2009