Home Selling in 73072>Question Details

Sq, Home Buyer in 73072

1. Why the new or newer homes in Norman, Moore, OKC, Edmond areas are more expensive than those in Dallas, Austin, Houston, and Fort Worth Areas?

Asked by Sq, 73072 Mon Sep 21, 2009

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Sherri Parker-Evans’ answer
Real Estate has always been priced according to location. Even prices vary a lot in our local area. New construction is established a lot depending on material cost as well. It is likely that materials are cheaper because of availablity (supply and demand) in the areas in Texas. Or simply that our market is still storng enough in Oklahoma that we are not seeing the reduction in Sales Prices that ANY other state in the Nation is having to deal with. Aren't you glad you live in Oklahoma. Thank you, Sherri Parker-Evans/Century 21 Goodyear Green. 641-9230
0 votes Thank Flag Link Mon Sep 21, 2009
Prices for new or newer homes in any area are dictated by location. I researced the cities you mentioned in your question and here is a random quotes on properties in these area:

Dallas -- New home prices are $85+Per Sq Ft.
Austin-- " " $97-173" "
Houston- " " $69-97" "
San Antonion" "$69-90" "

You also have to consider the price of the lot. One location a lot will be a different size than at another location and the price per lot lot will vary. example: Gallardia lot prices versus prices on a lot in Midwest City.
School districts figure in as well. There are lots of variables to consider rather that just the price of the house. The same house in different neighborhoods will have different price tags.
Good luck in house hunting.
Terri and Larry Mulinix, Keller Williams, (405) 834-7842
1 vote Thank Flag Link Mon Sep 21, 2009
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