Of the six homes currently for sale in the area, one is a short sale and the other is a foreclosure. So 33% of that neighborhoods homes for sale are what is considered a "distressed" property. For spring time this appears to be a normal volume to see on the market in this area. The HOA dues are fairly expensive at $700/yr, but this is a gated access community. Do you have any other questions?... more
According to the Tulsa MLS, homes in the south Tulsa market priced between $800k-$900k have adjusted by about -10% in the past six months. However, there are few comparables in this exact price range, so one bad comp. can effect this dramatically (which is what happened). Without this one bad comp. the percentage changes drastically to only -4%. There are several factors that affect a home's value. For example, what school district is it located in, and how much land is included with the home, etc. Every home is different. Feel free to look on our website for homes like those you are wondering about. There are several resources there that will be helpful to you.
This would be very difficult data to obtain and very time consuming because of the amount of MLS' that would have to be searched. You can go to www.city-data.com and it will give you some info in regards to this. Also try realtytrac.
Yes, sales are down and inventory is slightly up. But overall, prices are up . Are there deals out there? Yes there are! But at the current local rate of unemployment which is comparatively low we should be fine. We just don't have the huge economic swings that are common in other locals. I am excited about 2009 and very optistimic. Will we have to work harder to sell homes? Yes we will. Buyers will benefit with low interest rates, ample inventory, and seller incentives. Currently there is a $7,500.00 tax credit available for first time home buyers. That's free money! It's a great time to buy a home. This is not our first "recession" and those of us that have been around a while will thrive. Sellers who seek out and find professional consul will maximize their dollars by being better prepared and marketing smarter. It will be more competitive. However,that's a good thing for the full time professional real estate associate, and for buyers and sellers.... more
It is a great time to buy pretty much any where in the Tulsa area but especially in Midtown. Buyers have been paying premium prices for homes in these ZIPs in recent years and resale values remain stable & strong. Real estate is a local industry; lending is an international one. The national downslide won't necessarily be reflected in our home values, but rather in a buyer's ability to obtain financing.... more
There are currently 2,367 SFRs in Tulsa (6,907 in the 7 county MSA). Year to date there have been 3,373 SFR closings with an average 52 DOM. If you'd like a monthly and/or SFR breakdown for these months, feel free to contact me directly. I'd hate to fill up so much space here.... more