My New Blog

I had many friends and clients ask me how bad is the market?  Our market is great!  If you are thinking about making a move, it is still a great time to be buying and selling Real Estate in Oklahoma. Oklahoma housing market is not only affordable, it is also stable and a secure long-term investment. Here are a few facts about our market:

1. Home values in Oklahoma increased by 4.2 percent in 2007. (OAR)

2. It was our seventh consecutive year that the average sale price of an existing home in Oklahoma has increased on a year-to year basis. (OAR)

3. Nationally, NAR reported a decline of 1.4 percent in the national home value at the end of 2007. (OAR)

4. Since 2000, home values in Oklahoma have increased an average of 4.88 percent per year, which has resulted in growth of almost 40 percent in home values over the past seven years. (OAR)

For more information visit whyrealtorswork.com. Oklahomans are buying and selling Real Estate every day. Let me know what you  think about our market. I look forward to hearing from you!

Staging is important not just at showings but also on the internet, where buyers increasingly reley on photos to narrow their choices.  Even in fast-paced market, staging can pay off.  A survey of 2,000 practitioners conducted by HomeGain in 2003, at the height of the boom, found that staging could increase the sales price by $ 2,275 to $ 2,841.  Cleaning and decluttering could add $ 2,093 to $ 2,378 to the final price.  Likewise, a 2004-2005 survey of owners by training company StagedHomes.com found that staged homes sold for 6.9 percent more than homes that weren't staged. 

As makeovers shows, staging doesn't have to cost a lot or take much time. 

What do you think of staging?  Do you think that it helps sell a house?   

               Oklahoma is still going strong!!

                   New construction News

Greater Metro Housing Stats:

Monthly Inventory 8,386

Residential Closings 1,202

Year-to-date 8,386

Avg. Sales Price $ 149,785

Year-to-date $ 145,554

Median Sales Price $ 128,500

Total Value Sold $ 180,491,013

Year-to-date $ 1,166,942,639

Oklahoma City Metro Housing Stats July 2006

Monthly Inventory 8,725

Residential Closings 1,879

Year-to-date 11,661

Avg. Sales Price $ 152,116

Year-to-date $ 142,746

Median Sales Price $ 129,900

Total Value Sold $ 285,826,355

Year-to-date $ 1,678,856,670 (MLSGateway.com)

Special points of interest:

Year to date total of new homes started in August was up three percent over the previous year.  (New Order Weekly)

Let me know what you think about our housing market! Do you think we are in a buyers or sellers market right now?