October Market Report - 11/14/07 10:20 PM
This is the monthly market report by your Ponca City Real Estate Expert, Steve Hermann.  Statistics are taken from the North Central Board of REALTORS MLS, for the Homes in the Ponca City Limits as well as East Kay County, & South Osage County.  Comparing only the month of October, the number of homes sold decreased from 29 in 2006 to 25 in 2007.  The Average List price of homes sold increased from $102,621 in 2006 to $105,272 in 2007.  The Average Sales price has risen from $98,365 in 2006 to $99,920 in 2007.  And Finally the Average List to Sale … (0 comments)

Tune Out the Media Hype! - 11/13/07 12:57 AM
The national media would have North Central Oklahomans believe that the real estate market is about to crash. "Foreclosures are up!", "Prices are down!".  Don't believe it!  History has shown that in the Ponca City area, real estate appreciates about 2% - 4% every year.  At this modest rate, how can the market crash?  In fact, the number of transactions in 2007 are very close to the number of transactions 2006. In addition, the average price of a home sold in North Central Oklahoma is on the rise.  The national media is generally referring to those states, or regions, where they experienced … (1 comments)

 

Steve Hermann

Ponca City, OK

More about me…

Coldwell Banker Heritage REALTORS

Address: 3216 N 14th Street, Ponca City, OK, 74601

Office Phone: (580) 765-8888 x 108

Cell Phone: (580) 763-4853

Email Me

My mission is to inform,anyone who is interested, about the Real Estate market and the economic happenings in Ponca City and North Central Oklahoma.


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