For Sale: 4BR/3+1BA Single Family House in Catoosa, OK, $359,000

 Fabulous home in prestigious Ridgewood Park

130 Williamsburg Street, Catoosa, OK

 

For Sale: 4BR/3+1BA Single Family House in Catoosa, OK, $359,000.

 

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February Home Sales for Tulsa Metro Statistical Area

Click the link for the latest Greater Tulsa Association of Realtors home sales information. 

February Home Sales for Tulsa Metro Statistical Area

If you have any questions about how these statistics relate to real estate trends  in Claremore, OK, give me a call at

918-798-7271

NOW IS THE TIME TO BUY

 

Custom built! Is that a good thing?

Usually “custom built” is a positive term which one would like to believe means things like, upgrades and extras! Oh, my goodness……people! I am a Realtor® in the Tulsa, Oklahoma area where the average sale price hovers around $140,000. I have been recently showing property in the $300,000 range, which is an above average home, wouldn’t you agree? Having set the stage – I have to say if you are planning to custom build a home in any price range, know that if you do really weird stuff in that home that appeals to you and fits your needs but does not appeal to the masses you are going to lose money!!!!!!! STOP! I said you will lose money! Think ahead! If you already screwed that part up and installed a swirly blue/green faux marble whirlpool tub, shower stall and master bath vanities – replace it or take a hit on your bottom line. If you have a blue wash on your kitchen cabinets, get them redone or take a hit on your bottom line. Custom built: upgraded features and amenities or dysfunctional “one of a kind”?

GTAR-HousingStats-January2011

Here is a link to the statistics for 2010 comparing it to 2009 from the Greater Tulsa Association of Realtors.  It is still a great time to buy and sell.  If you have any questions, about this report feel free to give me a call and we will talk about them.  Thanks and make it a great day!!

Published in: on February 22, 2011 at 4:45 pm  Leave a Comment  
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My Neighborʼs House Sold for, hmmmm, a million six!

Having been a REALTOR in my area for 23 years now, you might imagine that I have seen about every kind of market and I believe that to be true, with minor differences.  The market today reminds me of the market in the Tulsa area, where I live, in the 80’s after/during the oil crunch.  Normally, at the average rate of homes being sold, we have approximately 6-7 months of inventory.  Over the last year or year and a half we have been averaging approximately nine months of inventory. That is what determines, a buyer’s market or a seller’s market. It’s all about supply and demand, remember?  So, would you agree, that if you are selling your house, one of two things need to happen:

1.) Your house must stand out above the competition or

2.) Your house must be priced below the competition?

Price is everything! If you want to get the highest price possible for your house, you really need to be studying my previous blogs for staging!  Many people buy a house, move in, have great intentions but never follow through. Follow through with? Well, it is a weekly event that I am contacted to advise homeowners on pricing their listing when they have owned the house for years and it has deferred maintenance. Many people schedule with me to see what they need to do to get their house ready to sell, since I became an accredited staging professional. Houses that have been lived in with deferred maintenance obviously bring less money. In appraisal, lack of normal upkeep is considered physical depreciation.

I say all of that to say this: regularly evaluate your home and determine if it has anything that needs attention. Outdated wallpaper? Cruddy carpet? Gold/brass light fixtures? Gold faucets? How are your countertops? Come on, you have probably seen plenty of tv shows -Extreme Home Makeover, HGTV, you get the idea! Do the updates regularly so when you are ready to move, you aren’t looking at all that expense plus the expense of selling. If you have taken care of your own american dream, you will need very little to make it happen.  If you haven’t and can’t do it to sell, don’t expect to get top dollar!  That’s just the plain facts.  I’m just sayin!

State of Real Estate

Wanna play the game “gossip”? Ask your neighbor about the state of the local real estate market and pass it around the block until it gets back to you and see how it makes you feel about the value of your investment. Or, you could rely on the media. That will always make you have a little skip in your step. My point is that if we understand that negative news sells and that we are programmed to gravitate to the negative because there is little or no resistance, then we will seek the truth.

Now, within the last ten years, the real estate market nationwide was amazing and if you could fog a mirror, you could buy a house. No job, no problem – get a stated income, stated assets loan. No money, no problem – include the closing costs and get a 104% loan. Bad credit, no problem – there’s a loan for you; just pay a higher interest rate. Well, now we have made a shift and it’s been a real one. We just have to shift, too.

Everyday, because I’m wearing my real estate name badge, I am asked how the market is and almost without exception, when they ask the question it’s with a grimace on their face as if they are bracing themselves for the response. Come on, we’re in Oklahoma. It’s different but it’s not that bad. Here’s the real scoop and I’ve condensed it to this:

At the end of June 2010, in the Tulsa listing area there were:

6,912 houses on the market      (2009 – 6,037)
764 properties pending               (2009 – 1,081)
YTD Closings- 5,346                      (2009 – 5,136)
YTD Avg Sale Price $150,322   (2009 – $152,721)
9.0 months of inventory            (2009 – 5.6 mos.)

Sellers are still selling. Buyers are still buying. If I were getting my house ready to go on the market, I would make sure that it was ready. By ready, my listing would stand out above the rest. Would I have to do some work? Yep. Would I have to spend a little money? Probably. Would it pay off in the long run? Absolutely. Check out the previous blogs about Staging Your Home to Sell. It makes a difference. I promise!

Published in: on August 7, 2010 at 1:34 am  Leave a Comment  
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September 2009 Home Sales for Tulsa MSA*

 Here are the Tulsa MSA* Homes Sale Statistics for September 2009.  If you have any questions about real estate in your market area, please call or text me at 918-798-7271.                                                           

Home Sales  September  September Revised
Residential Listings  2009   2008   *August 2009
Listings Processed 1,917 1,942 1,864
Year-to-Date 17,483 18,997 15,566
Number of Houses For Sale      
on Last Day of Month 5,816 6,373 5,970
MSI + 5.2 6.5 5.1
Month’s Inventory 7,887 8,480 8,023
Pending Contracts 1,119 973 1,178
Residential Closings 1,057 1,059 971
Year-to-Date 8,299 9,093 7,242
Average Sales Price $147,202 $153,353 $152,547
Year-to-Date $152,613 $157,510 $153,289
Median Sales Price $128,935 $127,250 $127,500
Total Value Sold $140,833,734 $140,776,640 $131,777,411
Year-to-Date $1,124,548,369 $1,253,017,515 $983,714,635

* (Metropolitan Statistical Area) which is defined as a standard government based area. This area currently includes seven counties: Creek, Osage, Tulsa, Rogers, Wagoner, Pawnee, and Okmulgee. + Months supply of inventory.

Published in: on November 30, 2009 at 3:13 am  Leave a Comment  
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July 2009 Home Sales Statistics

Here are the most current real estate statistics provided by the Greater Tulsa Association of Realtors. The market is holding and there is a surge of activity of first time home buyers due to the $8,000 tax credit which expires December 1, 2009. If you have any questions about buying, selling or the statistics, please give me a call at 918-798-7271.

July 2009 Home Sales

Local Real Estate Market Conditions

How is the real estate market in our are really doing? Want to know how much your property is worth or are you one that just wants to keep up-to-date on local real estate trends or prices? It is my goal as a realtor, with over 21 years of experience in the Greater Tulsa area, to provide you with all the answers to your real estate questions. If you are interested in receiving this week’s local market conditions click the link below.

MLS Market Snapshot

June 2009 Real Estate Statistics

Here are the promised real estate statistics for the Greater Tulsa Area including Claremore.  As you can see the market is still very active.  If you have any questions about your specific area or neighborhood, please call or text me at 918-798-7271.

June 2009 Statistics

Published in: on August 10, 2009 at 3:49 am  Leave a Comment  
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