Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.

Please click on this link to view the MAY-2010 Newsletter Newsletter Housing Trends eNewsletter:
http://groovyokc.housingtrendsenewsletter.com?Newsletter_ID=248&Period_ID=185

The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau, Realtor.org reports and other sources.

It also includes press releases with charts and videos, key market indicators and real estate sales and price statistics, a video message by a nationally recognized economist, maps, mortgage rates and calculators, consumer articles, plus local neighborhood information and more.

If you are interested in determining the value of your home, click the “Home Evaluator” link for a free evaluation report:

http://groovyokc.housingtrendsenewsletter.com/dispContent.cfm?loadid=2&loadtype=0

Sound decisions can only be made with accurate and reliable information, and I am happy to be a trusted resource for you. Thank you for the opportunity to provide you with this monthly eNewsletter, and I look forward to answering any questions you may have and to the opportunity to be your REALTOR® in the future.

Sincerely yours,

Scott and Sherine Price

Metro First Realty

177 W. 15th Street

Edmond OK 73013

405-306-7770

Sherine@GroovyEdmond.com

In the state of Oklahoma, from May 8th to June 30th, you can get a substantial rebate when you purchase energy star appliances to replace old appliances in your home.  Homeowners and renters qualify!  Here is a link with all of the details:  http://www.okcommerce.gov/recovery/appliance-rebate-program/appliance-rebate-details-for-consumers

Take advantage of this great opportunity!

We've also got the information posted on my website at www.GroovyEdmond.com on the tax credits page.

Have a great day!

Scott and Sherine

The $8,00 HomeBuyer Tax Credit has expired as of April 30th, 2010 for all of us except for certain members of the military, foreign service and intelligence community.  Click Here for the Details 

Remember:

There are other tax credits and deductions for homeowners such as the energy tax credits:  Click Here for More Information

There are the deductions for mortgage interest, property taxes, mortgage insurance, & much more:  Click Here for the Details

Regardless of the tax credit and deductions, homeownership continues to be one of the largest and best investments you can make in your lifetime; it is also a privilege that many people in other countries do not have the option to enjoy.  Cherish and prosper from this wonderful freedom and privilege we have in America.  It's truly a large part of the American Dream!

There are several groovy things to do in the area this weekend.  Check out the Downtown Edmond Arts Festival http://www.visitedmondok.com/ or drive down to Norman for their Mayfair Arts Festival http://www.visitnorman.com/vn-all-events.php.  We'll be there!  We love the arts festivals and live music!

Saturday is Free Comic Book Day, so stop by your favorite comic book store and get your free comic books!  Our favorite comic book store is All-Star Comics 6900 North May Avenue, Oklahoma City, OK 73116-3252(405) 842-7800?; stop by any time and tell Wyll and Rhonwen we said "Hi"! 

Our neighborhood cookout is Saturday at 6 pm in Kimberly Crossing; that will be lots of fun for us Kimberly Crossing residents!  See you all there!

Saturday night at 9:30 pm don't miss Zarate's Salsa Party where you can get free Salsa lessons and party to great music and drinks; we'll be there! http://www.zarateslatingrill.com/index.html

Diamond Rio is performing at the Riverwind Casino tonight in Norman. http://www.riverwind.com/Entertainment.aspx

On Saturday and Sunday, at the Great Salt Plains State Park, the Sierra Club is having a hiking and car camping event for families with younger children.  Explore the migratory bird paradise and dig for selenite salt crystals. Contact: Jennifer Booker 405-823-1266 or JenniferBooker@mac.com or http://wwww.Oklahoma.SierraClub.org

On Saturday we have the Oklahoma Autism Piece Walk and 5k at 8:30 am in Bricktown at the Redhawks field.  For more info call 405-315-6337 or email Crystal@OKAutism-OFCA.com or go to www.PieceWalk.com

Sunday is World Laughter Day!  On Saturday they are having a pre-party 1:30 - 3:30 pm, free, at Roxie's Funky Art Boutique at the Bizarre Bazaar, 128 W. Gray, Norman, 405-596-3367; Casita905@hotmail.com; On Sunday 3-5 pm, it's a 2-hour laughterganza!  Laugh and play games, Laughter Yoga, Zubble Blowing (colored bubbles), and more.  Bring water and smiles.  It's all free and fun at the Stars & Stripes park at Lake Hefner, N. Portland Avenue in Groovy OKC.  405-384-4492, LaughNow@LaoughOutLoudOK.com www.LaughOutLoudOK.com !  That's got to be the grooviest event EVER!

Let's have a Beautiful & Groovy Weekend in the Groovy Edmond and OKC Metro area!

Warmest Regards,

Scott and Sherine

Call or email any time

We decided that we need to do a better job of keeping track of down payment assistance money available in our Oklahoma City Metro Area, so we did some research yesterday.  We organized all of our contact persons for each program and contacted each of them for an update on their funds availability and when they expect to receive more funds.  They all very graciously answered my email request within the same day! 

We created a page on our website that provides the details, information and links:   www.GroovyEdmond.com/DownPaymentAssistancePrograms, and we will keep it updated regularly on funds availability. 

We were so excited to find out that there are two programs that currently have money available, and next week one of them will have even more money available in more programs!  It is so very important to many of our clients and to all of the people who want to own a home in our area but don't have enough cash for the down payment and closing costs.  If you dream of owning a home, we are committed to helping you make that dream come true!  

The Oklahoma Housing Finance Agency's 1st Gold program has money available for the entire state of Oklahoma.  Next week their new bond will further fund the 1st Gold program as well as their program for teachers, firefighter's and police officers!  The interest rate is 5.65% and they help qualified buyers with 3.5% down payment assistance:

                                  See the details at www.GroovyEdmond.com

The Neighborhood Housing Services of Oklahoma City has money available in their inner city program; it provides $6,000 to qualified buyers who purchase a home within a certain area of the city:

                                   See the details at www.GroovyEdmond.com

The Rural Development Program of the USDA has money available for their 100% loan program for qualified buyers.

There are five other programs that will have money available throughout the year: 

     Rural Enterprises
     Community Action Agency of OKlahoma City
     City of Edmond Homebuyer Assistance Program
     City of Norman Revitalization
     Oklahoma County Housing Finance Agency

so check back often at www.GroovyEdmond.com or subscribe to one of our blogs, and stay updated on the availability of funds for down payment assistance.

We'll keep you updated and informed!

Call, text or email any time you have questions or need assistance; we're here for you with the personal attention and expertise that will save you money and time and help you avoid costly mistakes.

Results That MOVE You,

Scott and Sherine Price

(405) 905-9175 Scott

(405) 306-7770 Sherine

www.GroovyEdmond.com

www.GroovyOKC.com

Real Estate Market Report for the Oklahoma City Metro Area:

8,554 homes listed for sale

Average Available Home is:

3 bed/2 bath/2094 square feet/$219,125/$99.75 per square foot/101 days on the market

Over the past 90 days:

2,098 homes sell each month (on average)

4 months of inventory on the market currently (good)

Average Sold Home is:

3 bed/1 bath/2074 square feet/$149,249 list price/$71.96 per square foot/$147,391 sold price/$71.07 per square foot/84 days on the market

On average, sellers in the OKC Metro Area are receiving 102% of their list price!

March 2010 Statistics/March 2009 Statistics:

1435 Total Closed Sales/1259 Total Closed Sales

$205,439,932 Total $ Volume/$177,609,376 Total $ Volume

$143,164 Average Price/$141,072 Average Price

5.23% Average Interest Rate/5.36% Average Interest Rate

On average, sellers in the OKC Metro area received 97% of their list price.

84 Average Days on the Market/93 Average Days on the Market

8,454 Listings/8659 Listings

I can do a similar report for any price range and city or neighborhood; just send me a request and I'll send it to you right away.

Real Estate Market Report for Edmond, Oklahoma:

1430 homes listed for sale

Average Available Home is:

3 bed/2 bath/2730 square feet/$326,046/$109.94 per square foot/106 days on the market

Over the past 90 days:

317 homes sell each month (average)

4 1/2 months of inventory on the market currently (good)

Average Sold Home is:

3 bed/2 bath/2245 square feet/$222,095 list price/$95.93 per square foot/$214,822 sold price/$93.14 per square foot/91 days on the market

On average, sellers in Edmond are receiving 97% of their list price

I can do a similar report for any price range and city or neighborhood; just send me a request and I'll send it to you right away.

Check out this great article about the economy and the real estate market; Lawrence Yun, Chief Economist, answers some good questions that we all have:

http://www.realtor.org/wps/wcm/connect/ro-content/ro/research/economists_outlook/commentaries/marketfaq_032910

Active Listings:

• 8608 homes for sale in the OKC MLS
• Average 116 days on the market
• Average list price $224,241
• Average list price per square foot $139.43
• Average size: 2099 square feet, 3 Bed/2 Bath

Sold/Under Contract:

• 3339 homes went under contract and/or sold
• So we have an inventory of approximately 3 months
• Average 92 days on the market for the sold properties
• On Average, sellers are receiving 96% of their list price
• Average sales price $140,754
• Average price per square foot $75.75

For more information on the real estate market in the Edmond & Oklahoma City Metro Areas or for your FREE/No Obligation Market Report for your Neighborhood call or email me any time at (405) 306-7770 Sherine@MovingUpInEdmond.com

Go to www.MovingUpInEdmond.com to Search the MLS for available Homes, Learn more about the Edmond Area, and learn more about buying, financing, selling, and maintaining a home.

Active Listings:

• 1428 homes for sale in the Edmond school district
• Average 112 days on the market
• Average list price $358,389
• Average list price per square foot $119.03
• Average size: 2766 square feet, 3 Bed/2 Bath

Sold/Under Contract:

• 450 homes went under contract and/or sold
• So we have an inventory of approximately 3 months
• Average 83 days on the market for the sold properties
• On Average, sellers are receiving 98% of their list price
• Average sales price $225,547
• Average price per square foot $95.94

For more information on the real estate market in the Edmond & Oklahoma City Metro Areas or for your FREE/No Obligation Market Report for your Neighborhood call or email me any time at (405) 306-7770 Sherine@MovingUpInEdmond.com

Go to www.MovingUpInEdmond.com to Search the MLS for available Homes, Learn more about the Edmond Area, and learn more about buying, financing, selling, and maintaining a home.