Widgets Magazine
Page 7 of 8 FirstFirst ... 2345678 LastLast
Results 151 to 175 of 177
  1. #151

    Default Re: OKC Real Estate Market

    Quote Originally Posted by AP View Post
    It looks like the animation you posted is no longer working. Can you post again?
    Sorry, I'm having issues with it since it is so large.

    Here's a link to the full animation, which I much prefer to the static image: https://i.imgur.com/ITDsJBd.gifv

    In lieu of that, here's just the 2020 (final) map:

    Attached Thumbnails Attached Thumbnails Click image for larger version. 

Name:	flip_map_2020.jpg 
Views:	24 
Size:	26.4 KB 
ID:	16033  

  2. #152

    Default Re: OKC Real Estate Market

    ^

    What does yellow indicate?

  3. #153

    Default Re: OKC Real Estate Market

    Quote Originally Posted by Pete View Post
    ^

    What does yellow indicate?
    I believe it is 2020 to date.

  4. #154

    Default Re: OKC Real Estate Market

    Yep. I wanted it to stand out since it's an incomplete year.

  5. Default Re: OKC Real Estate Market

    Awesome Map. when I moved to Edgemere Park in 2009 it was on the tail end of the remodels. I bet it you extended this back to 2005 it would light up like a christmas tree.

  6. #156

    Default Re: OKC Real Estate Market

    That’s a great visual. I love looking at stuff like that. Awesome job.

    I think there will be a ton of new yellow ones by the end of 2020 all over this map. I counted out 9 current “flips” in progress in a 4 block radius of my house last month (Gatewood)

  7. #157

    Default Re: OKC Real Estate Market

    I agree with Richard. I’d love to see data going back a little further. I think there are a few neighborhoods that were ahead of the curve.

  8. #158

    Default Re: OKC Real Estate Market

    Quote Originally Posted by AP View Post
    I agree with Richard. I’d love to see data going back a little further. I think there are a few neighborhoods that were ahead of the curve.
    Very cool. I'll extend it back at some point and update it accordingly. Now that I have the code written it shouldn't take too long!

  9. #159

    Default Re: OKC Real Estate Market

    Thanks for you work on this. Super insightful!

  10. Default Re: OKC Real Estate Market

    Any updates from industry folk?

  11. #161

    Default Re: OKC Real Estate Market

    These are national numbers but shows existing home sales down substantially:

    https://www.nar.realtor/research-and...ing-home-sales

  12. #162

    Default Re: OKC Real Estate Market

    Was told by my realtor Edmond is on fire.

  13. #163

    Default Re: OKC Real Estate Market

    More buyers than properties. Multiple offers have been common. Helping to push the prices up

    There was 1413 less houses on the market in May 2020 than May 2019. Just think homeowners are being more cautious about selling what they have.

  14. #164

    Default Re: OKC Real Estate Market


  15. #165

    Default Re: OKC Real Estate Market

    I re-if’d my house and closed Friday. The notary for the title company said he’s been personally closing ~150 homes a month the past 4 months. While a portion of that is refinancing, he said this is the hottest he’s seen the market in some time.

  16. #166

    Default Re: OKC Real Estate Market

    The Village is on absolute fire. I believe my neighbor who is a realtor posted that homes in the Village are on the market for less than 10 days. My family just sold a rental property in here for $20k over what we paid for it in 2017.

  17. #167

    Default Re: OKC Real Estate Market

    I know someone who lives in Plano area (Texas) and they had a hard time finding a house. They were looking in McKinney and it took them 5 houses before they finally got one. Keep in mind they bid $5-$10k higher than list on all of them. One house was posted on a Mon night they viewed on Tue and made an offer $10 over and it was refused due to another higher cash offer. This house sold in less than 1 day. They finally got one ($357k) at $7k over on 5th try. This is all within the past 4 weeks. Its crazy on fire there. His agent said in addition to new jobs moving in there is huge increase in people moving out of core Dallas. Plus Covid slowed down new home construction. So the suburban market is on fire down there.

  18. #168

    Default Re: OKC Real Estate Market

    Quote Originally Posted by OKC Guy View Post
    I know someone who lives in Plano area (Texas) and they had a hard time finding a house. They were looking in McKinney and it took them 5 houses before they finally got one. Keep in mind they bid $5-$10k higher than list on all of them. One house was posted on a Mon night they viewed on Tue and made an offer $10 over and it was refused due to another higher cash offer. This house sold in less than 1 day. They finally got one ($357k) at $7k over on 5th try. This is all within the past 4 weeks. Its crazy on fire there. His agent said in addition to new jobs moving in there is huge increase in people moving out of core Dallas. Plus Covid slowed down new home construction. So the suburban market is on fire down there.
    that seems to match up right with a family member i have in the Frisco area who is looking at new homes. and talks about how they keep getting outbid, and houses are going off the market in days

  19. #169

    Default Re: OKC Real Estate Market

    Same in DC area. I have relatives who are trying to buy a house there. To be competitive they had to offer than the asking price and within three days of the house posting for sale.

  20. #170

    Default Re: OKC Real Estate Market

    I bet the buying competitiveness is coming at the lower end of the market, though.

    This was already happening around OKC before Covid-19.

    I live near Penn Square and there have been tons of flips in the last couple of years with most of them being snatched up within weeks of listing. But these are all in the $250K-$350K range.

  21. #171

    Default Re: OKC Real Estate Market

    The market is hot, inventory is still low overall and strong buyer demand due to interest rates. Running into tons of multiple offers, it's a really aggressive market overall. It's a great time to both sell and buy for different reasons. I wasn't really sure what to think in March as Covid was unraveling but have been pleasantly surprised overall. Very gratefully I have been fortunate enough to be ahead of where I was last year through June.

  22. #172

    Default Re: OKC Real Estate Market

    Quote Originally Posted by OKCRealtor View Post
    The market is hot, inventory is still low overall and strong buyer demand due to interest rates. Running into tons of multiple offers, it's a really aggressive market overall. It's a great time to both sell and buy for different reasons. I wasn't really sure what to think in March as Covid was unraveling but have been pleasantly surprised overall. Very gratefully I have been fortunate enough to be ahead of where I was last year through June.
    Is there a flight to Edmond like we’re seeing in other metros? My realtor think there is but he says Edmond is always busy so hard to tell

  23. #173

    Default Re: OKC Real Estate Market

    Quote Originally Posted by gopokes88 View Post
    Is there a flight to Edmond like we’re seeing in other metros? My realtor think there is but he says Edmond is always busy so hard to tell
    Edmond is always in demand due to school system and overall high standard of living but I don't think any more so than normal and I'm in Edmond myself. There are generally more buyers out there at the moment but not everyone who wants to buy can, especially in an aggressive market like this.

  24. #174

    Default Re: OKC Real Estate Market

    Can also confirm. We just sold our house on the "low" end of the market and it was explosive -- 9 offers in the first day with more on the way before we cut it off, all AOA asking, after which a bidding war ensued, etc. I guess inventory in the $100-150K price range was just very low because while we knew it was a seller's market the competitiveness of it surprised even us.

  25. #175

    Default Re: OKC Real Estate Market

    I just bought a $250K house without looking at it in person (was out of town) because of how quickly houses have been selling. There were a couple I had been interested in that sold the same day they were listed.

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. OKC #2 City In America for Real Estate
    By G.Walker in forum General Civic Issues
    Replies: 5
    Last Post: 01-26-2011, 09:03 AM
  2. OKC Real Estate Roundtable
    By bjohn9 in forum General Civic Issues
    Replies: 3
    Last Post: 08-03-2009, 10:33 PM
  3. Oklahoma City real estate market
    By mecarr in forum General Civic Issues
    Replies: 22
    Last Post: 03-16-2009, 06:10 PM
  4. Downtown OKC Inc eyes commercial real estate
    By metro in forum General Civic Issues
    Replies: 1
    Last Post: 01-09-2008, 02:52 PM
  5. a la mode software....OKC co big player in real estate?
    By SoonerDave in forum General Civic Issues
    Replies: 21
    Last Post: 09-21-2006, 12:01 PM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Single Sign On provided by vBSSO