Average home sale price rises in Oklahoma City area

Houses in the metro area sold a week and a half faster last month on average compared with April, and the average price rose more than 10 percent — and jumped 15 percent year to year.

Read more: http://newsok.com/average-home-sale-price-rises-in-may-in-oklahoma-city-area/article/3580228#ixzz1QgxXnk00

Creating Curb Appeal in Winter

The old cliché is that location, location, location is the number one rule in real estate. In general, this is true. There is, however, a second major rule regarding the actual act of selling your home. This rule is to create as much curb appeal as possible.

Selling your home in the current cool real estate market can be a challenge. Make the decision to sell it in the winter, and you can have a real challenge on your hands.

Curb appeal is critical when it comes to moving your property. Why? Well, the home purchasing process is an emotional one. Yes, there are a lot of hard factors that go into it such as the area, price compared to the market, schools and so on. At the end of the day, however, the buying process is still pretty much about love at first site. If a buyer sees your home and immediately pictures themselves living there, you stand an excellent chance of getting an offer.

If you decide to sell your home during the winter months, the issue of curb appeal can become a big one. One of the central themes of creating curb appeal is to buff out your yard. Adding plants, cleaning up the verge and so on are always recommended. What if you live in an area where the winter months mean dead plants? Well, you are going to need to get creative.

The first step to dealing with your yard in the winter months is to make sure it is clean. Buyers in the area are not expecting anything great because they already know everything dies during the winter. While this is true, you can still take the extra step of having a clean and tidy dead yard. Sweep up all leaves, trash and so on. Make sure paths are cleaned and edged. Essentially, you want people to be able to envision how it might look in the summer months. This leads us to our second step.

If at all possible, you want to hunt down pictures of your home from the summer months. The pictures should include views of the home with the landscaping in full bloom and healthy. These pictures should be added to your marketing material. You should also put them on prominent display during an open house or when you show the home to a prospective buyer. The goal is to let the buyer know the yard actually will grow back and it will look pretty nice when it does.

Selling your home in the winter might sound like a challenge. By taking these steps, however, you can actually make your home stand out from others around it.

Nicoma Park Celebrates 50 Year Anniversary

Nicoma Park will be celebrating 50 years of community Saturday May 2. Nicoma Park officially became an incorporated city in 1959, but its history began years before that.

It was during the land run in 1889 that three brothers staked their claim in the area presently known as Nicoma Park, although at that time it was called Oak Hill.

The Founder’s Day Celebration will kick off in front of city hall on Nichols Drive at 9 a.m., and will continue to run through 11 p.m.

Oklahoma City Market for February 2009

Oklahoma City Recognition

• The metro area’s average sales price for 2008 was $151,700, an
increase of 0.84% compared with 2007. Statewide, the average sales
price for the year was $149,482, an increase of 0.52% compared with
2007 (The Oklahoman, 02/21/2009)
• Oklahoma home builders are bracing for a rush of buyers now through
November 30 when the first time home buyer credit expires.
Oklahoma’s market, because it’s relatively strong, could respond to
the stimulus faster than areas where housing values have plummeted,
said Steven R. Plaisance, president of the Oklahoma Mortgage Bankers
Association and executive vice president of secondary marketing for
Arvest Mortgage Company in Tulsa. “Our affordable home prices and
the historically great mortgage rates make this a good deal for
Oklahomans,” he said. (www.NewsOK.com, 02/18/2009)
• Oklahoma State University’s School of Architecture has earned a
place among the top 20 in a nationwide survey of architectural
undergraduate programs. (The Oklahoman, 02/07/2009)
• Oklahoma’s two largest counties both had above-average employment
and wage growth in the second quarter of 2008. Among 334 large
counties in the U.S., Oklahoma County ranked ninth in rate wage
growth with an over-the-year increase of 6% to $777 a week. Wages in
Tulsa County rose 3.2% to $766, also above the 2.6% national
average. (www.NewsOK.com, 02/03/2009)
• Oklahoma City based Paycom, an online payroll processor, grew its
revenues 89% in 2008 despite a slumping economy. (The Oklahoman,
02/24/2009). Courtesy of Opubco.

www.WyattPoindexter.com

Oklahoma Real Estate 2009 Overview and Statistics

Average Listing Price is $183,395.00
Medium Sales Price is $86,500.00
Average Price Per Square Foot is $67.00

Average price per square foot for Oklahoma City OK was $67, a decrease of 1.5% compared to the same period last year. The median sales price for homes in Oklahoma City OK for Nov 08 to Jan 09 was $86,500 based on 616 home sales. Compared to the same period one year ago, the median home sales price decreased 4.9%, or $4,500, and the number of home sales decreased 45.5%.

There are currently 2,286 resale and new homes in Oklahoma City on Trulia, including 12 open houses, as well as 58 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Oklahoma City OK was $183,395 for the week ending Feb 11, which represents an increase of 0.6%, or $1,136, compared to the prior week. Courtesy of Trulia.

Listing of the Week in NW Oklahoma City

5908 Sulgrave Manor

Oklahoma City, OK 73132

$182,500

OPEN HOUSE Aug. 17

2:00-4:00 PM

4 bed 3 bath 2530 SF (MLS #362102) Large family home in Lansbrook on quiet cul-de-sac. Walking distance to lake, community pool and rec area! Open floor plan with 3 living areas. Beautiful landscaping. 4 beds with MIL plan. Great established area close to local shopping, food, etc. SEE OBEO TOURS.

VIEW TOURS AT: www.obeo.com/486752

Wyatt Poindexter

Keller Williams Realty

405-417-5466

www.WyattPoindexter.com

Listing of the Week in Val Verde of NW Oklahoma City

12801 Plum Hollow - Val Verde

$776,900

5 Bed 4.5 Bath 5317 SF

Enter this 2007 remodeled home and experience a new standard of luxury living. This Gil Wright home has every amenity imaginable for the home owner who wants the very best. Precisely an entertainer’s dream, this home is set to please the largest of parties. The use of stone and brick combine to create a home of unparalleled beauty. Situated on approximately 1.5 acres of prime real estate, the new owner will find 5 bedrooms, 4.5 Baths, 5 living areas, a gourmet kitchen, 4 fireplaces, custom pool, flagstone patio/deck and spa with fountain, a grand foyer, holiday closet, photography room, and a oversized three car garage that is sure to please all in a home that has approximately 5,300 square feet. Whether your looking for a grand home to entertain or the ease of comfortable and quiet family living this home truly offers it all. CALL WYATT POINDEXTER w/ KELLER WILLIAMS REALTY for more information at 405-417-5466

VISIT OBEO VIRTUAL TOURS AT: www.OBEO.com/413634