Steve's Ponca City Real Estate Blog

My Favorit Ponca City Events #3: Dragging Grand Weekend

2008-05-02T12:25:17Z

Since a young age, as most boys, I have had an infatuation with cars. I don't know what it is, but when a man sees a beautiful car, his eyes light up like a boy at a toy store. Anyway, Ponca City is currently in its 10th year of holding the DRAGGIN' GRAND event. It began as a reason for anyone who had an old car, regardless of condition, to get it out of the garage and parade it down Grand Avenue. As years went by the event grew so large that Grand Avenue was a bumper to bumper parking lot of beautiful show cars and not quite finished Jalopy's. In recent years, organizers have had to limit the number of vehicles in order to maintain the spirit of the event, as well as the quality. This year, vehicles can be 1976 vintage or older, with valid insurance and registration of show quality. This year, the 10th Annual Draggin Grand will be held Friday, June 6th from 6:00pm to 10:00pm. Bring your lawn chairs and picinic dinner and sit on the mainstreet sidewalks to reminisce a by gone era.

I believe this event has received such fanfare, that other satellite events also occur the same weekend.

1. Classic Car Club 26th Annual Show'n Shine & Swap meet. 9-4 Sat, June 7th at Lake Ponca

2. Cherokee Strip Corvette Show. 9-4 Sat, June 7th at Lake Ponca

3. Ponca City Herb Festival, 8-4 Sat, June 7th at LA Cann Gardens.

Not to mention the monthly Ponca City Fly-In Breakfast at the Airport.

NOW YOU CAN SEE WHY THIS IS ONE OF MY FAVORITE EVENTS. THERE IS PLENTY TO DO FOR EVERYONE. GET UP EARLY AND SET YOUR ITINERARY, YOU WILL NEED A NAP BEFORE THE DAYS OVER!

Steve Hermann, Realtor-Associate/Owner, Coldwell Banker Heritage, REALTORS 580-763-4853

Steve Hermann's April Real Estate Market Report for Ponca City, Oklahoma

2008-05-02T11:38:33Z

Hello Everyone! Welcome to my April 2008 Ponca City Real Estate Market Report.

The information below is collected from the North Central Board of REALTORS MLS>

Market data for April made a BIG CHANGE for Ponca City. The number of Active lisitings rose from 60 in March to 94 in April. The average list price is $122,585 with an average Days on Market of 98 days. This increase in listings is normal for mid-Spring and with a shortage in previous months should improve sales for May.

Closings slowed slightly in April to 22 sales. The average sale price was $114,000 with an average Days On Market of 116. Total sales lowered this month to 2.5 million.

The overall analysis is that the Ponca City market is opposite of the National trend and one should avoid associating the national media articles with Ponca City. In the previous months Ponca City has had a shortage of Active listings on the market, contrary to the National Media reporting a surplus in larger markets.

We are beginning to over come that listing shortage with the coming of mid-spring, but the absorption rate is still at a low rate of 4.27. This means at the present rate the current inventory will be depleted in 4.27 months. This rate still suggests a sellers market.

I will go out on a limb and predict that listings will increase in the month of may which will result in increased sales and a lower Days on Market in June Statistics, as present buyers are just waiting for that perfect home to pop up on the market.

Don't Forget, for any other information you need, Please call Your Ponca City Real Estate Expert, Steve Hermann @ 580-763-4853, or email stevehermann@cableone.net.

Steve Hermann's March Real Estate Market Report

2008-05-02T11:05:05Z

Hello everybody! This is Steve Hermann's March Market Report for the Ponca City Area, including the Ponca City limits and east of Ponca City, as well as Osage County with Ponca City Addresses. The statistics are collected from the North Central Board of REALTORS MLS.

Properties must have been moving in February and March! There were only 60 Active listings in the immediate Ponca City Area for March. The Average List Price was $130,000 with an average days on market of 135 days. The Lowest list price was $28,000 and the Highest List Price was $575,000.

On the MLS, 30 properties closed in the month of March. The Average sale price was $108,000 with an average Days On Market of 104. The lowest sale price was $19,000 with 0 days on market and the Highest sale price was $342,500 with 264 days on market. The total volume sold was 3.26 million.

The absorption rate of 3.46 proves their is a present shortage of active listings. At this rate the present inventory will sell in 3.5 months. This rate also suggests a sellers market.

Thank for tuning in! Any time you need more Ponca City Real Estate Information, feel free to contact me anytime at SteveHermann@cableone.net or, 580-763-4853.

Steve Hermann's February Ponca City Market Report

2008-03-20T20:25:53Z

These statistics were taken from the North Central Board of REALTORS MLS for the month of February.

At the end of the month there were 87 Active listings with Ponca City addresses. The average List price was $122,935 and the average Days on Market was 99.

There were 23 homes SOLD in February. The average price was $138,995 and the average days on market was 97.

The general analysis is home sales increased almost two-fold from January. The absorbtion rate is 3.8. Which means that at the rate homes sold in February we would eliminate the inventory in 3.8 months. This is a low rate and indicates a sellers market. The supply of homes does not meet the demand of buyers. This also causes prices to increase.

It's a great time to list your home on the market. For more information regarding these statistics please contact Steve Hermann @ 580-763-4853 or email stevehermann@cableone.net

My Favorite Events #2: Taste and Tasteless

2008-02-11T09:55:29Z

AND

As in the name itself the "taste" stands for FOOD! Vendors from around the Ponca City area volunteer there tasty morsels for this Poncan Theatre fundraising event. The evening starts at the Hutchins Memorial around 6:00pm where guests may carouse the vendors and their tasty treats. Sampling from booth to booth and washing them down with a pop, beer, or glass of wine. This is a great social event, as well as a fundraiser. Community supporters enjoy the camaraderie and experience the genuine feeling of giving to our local Historic Community Theatre.

After an early evening of chatter and cuisine, its on to the Poncan Theatre for the "Tasteless". As the name implies, the production is not short of laughter nor satire. No community leader, city commission decision, or community blunder is exempt from criticism. This fabulous production of humor has everyone rolling in the isles before its climactic end. Its an event no one should miss.

This year, the event is on April 25th. The cost in previous years has been around $30.00. A fabulous value for a night of entertainment, as well as a generous donation to the Poncan Theatre.

1712 Donahoe, Ponca City, OK, 74601 Convenient Location!

2008-02-08T15:01:42Z

1712 Donahoe, Ponca City, OK, 74601 This 3BR/2BA Brick home is conveniently located & Maintenance free.

Steve Hermann | Coldwell Banker Heritage REALTORS | 580-763-4853

1712 Donahoe, Ponca City, OK

Cute 3BR/2BA Brick in a very convenient location!

3 Bdrm Single Family House

offered at $66,500

Year Built	1950
Sq Footage	1,201
Bedrooms	3
Bathrooms	2 full, 0 partial
Floors	1
Parking	1 Car garage
Lot Size	8,400 sqft
HOA/Maint	$0 per month

see additional photos below

PROPERTY FEATURES

Central A/C	Central heat	Walk-in closet
Hardwood floor	Living room	Dining room
Attic	Laundry area - inside	Laundry area - garage
Balcony, Deck, or Patio	Yard

ADDITIONAL PHOTOS

Seller contact info:

Steve Hermann

Coldwell Banker Heritage REALTORS

580-763-4853

For sale by agent/broker

Equal Opportunity Housing

Posted: Feb 8, 2008, 11:43am PST

301 Lonnie, Ponca City, OK 74601 5 Years New Construction!

2008-02-08T14:30:33Z

301 Lonnie, Ponca City, OK 74601

Steve Hermann | Coldwell Banker Heritage REALTORS | 580-763-4853

301 Lonnie, Ponca City, OK

5 yrs new construction on a corner lot. No development behind property. Kitchen open to living and dining & Master Suite is fantastic.

3 Bdrm Single Family House

offered at $119,900

Year Built	2003
Sq Footage	1,627
Bedrooms	3
Bathrooms	2 full, 0 partial
Floors	1
Parking	2 Car garage
Lot Size	9,044 sqft
HOA/Maint	$0 per month

DESCRIPTION

Newer Construction near Union Elementary School on a corner lot. Open floor plan & Super Master Suite.

see additional photos below

PROPERTY FEATURES

Central A/C	Central heat	High/Vaulted ceiling
Walk-in closet	Family room	Dining room
Dishwasher	Refrigerator	Stove/Oven
Attic	Washer	Dryer
Laundry area - inside	Balcony, Deck, or Patio	Yard

ADDITIONAL PHOTOS

Seller contact info:

Steve Hermann

Coldwell Banker Heritage REALTORS

580-763-4853

For sale by agent/broker

Equal Opportunity Housing

Posted: Feb 8, 2008, 11:43am PST

127 Elmwood - In the Historic Acre Homes Addition

2008-01-30T20:09:32Z

127 Elmwood, Ponca City, OK,74601

To view my visual tour of this property click on the link. www.visualtour.com/show.asp?T=1337239

Steve Hermann | Coldwell Banker Heritage REALTORS | 580-763-4853

127 Elmwood, Ponca City, OK

Comfortable Cottage in the desirable Acre Homes addition to Ponca City. Enjoy the large yard and character of brick streets in this 1778+ square foot

3 Bdrm Single Family House

offered at $124,000

Year Built	1955
Sq Footage	1,778
Bedrooms	3
Bathrooms	1 full, 1 partial
Floors	Unspecified
Parking	2 Car garage
Lot Size	21,475 sqft
HOA/Maint	$0 per month

see additional photos below

PROPERTY FEATURES

Central A/C	Central heat	Fireplace
Hardwood floor	Tile floor	Living room
Bonus/Rec room	Office/Den	Dining room
Dishwasher	Refrigerator	Stove/Oven
Microwave	Stainless steel appliances	Attic
Basement	Washer	Dryer
Laundry area - inside	Balcony, Deck, or Patio	Yard

ADDITIONAL PHOTOS

Seller contact info:

Steve Hermann

Coldwell Banker Heritage REALTORS

580-763-4853

For sale by agent/broker

Equal Opportunity Housing

Posted: Feb 8, 2008, 11:44am PST

1124 S. 6th - Vintage Home in Ponca City

2008-01-28T23:11:52Z

1124 S. 6th - Vintage Home in Ponca City

To view my virtual tour of this property click on the link. www.visualtour.com/show.asp?T=1336013

Steve Hermann | Coldwell Banker Heritage REALTORS | 580-763-4853

1124 S. 6th Street, Ponca City, OK

Gorgeous! Vintage property with portico and clay tile roof. Updated kitchen and bathroom with new 5 ton AC Unit and new electric service.

3 Bdrm Single Family House

offered at $123,000

Year Built	1922
Sq Footage	2,146
Bedrooms	3
Bathrooms	1 full, 1 partial
Floors	2
Parking	1 Car garage
Lot Size	7,000 sqft
HOA/Maint	$0 per month

see additional photos below

PROPERTY FEATURES

Central A/C	Central heat	Fireplace
High/Vaulted ceiling	Hardwood floor	Living room
Dining room	Breakfast nook	Stove/Oven
Attic	Basement	Washer
Dryer	Laundry area - inside	Balcony, Deck, or Patio
Yard

ADDITIONAL PHOTOS

Seller contact info:

Steve Hermann

Coldwell Banker Heritage REALTORS

580-763-4853

For sale by agent/broker

Equal Opportunity Housing

Posted: Jan 28, 2008, 7:09pm PST

Steves January Market Report

2008-01-28T19:44:17Z

Hello, & Thank You for visiting Localism. This is your January Market Report for North Central Oklahoma posted by Steve Hermann, Your Ponca City REALTOR. Statistics are collected from the NCBOR MLS System.

For January of 2008 there are 175 properties ACTIVE on the Market. The average price of these active listings is $107,284. The median price of these active properties is $86900. The Average Days on Market(DOM) is 117.

There are currently 46 homes UNDER CONTRACT. The average price is $109,084 and the median price is $86,000. The average DOM is 87.

In january of 2008 13 homes were scheduled to close. The average price was $71,638 and the median price was $61,000. The average DOM was 165.

The absorption rate in January is a high 13.5. This means that at the rate homes sold in January, there is enough inventory to last 13.5 months. This number represents a "buyers market".

If you need any assistance, or information pertaining to real estate in North Central Oklahoma, please contact me @ 580-763-4853 or email me at stevehermann@cableone.net.

My Favorite Events #1: The Ponca City Aviation Booster Club Fly-in Breakfast

2008-01-21T19:34:02Z

On a cool Saturday morning in November, I set off with my 2 year-old son and my 6 year-old daughter for a fun-filled day with Dad; the Ponca City Aviation Booster Club Fly-in Breakfast & an Estate Auction.

I know what your thinkin'. "Oh Boy, is he a glutton for punishment". But I'll never forget the looks in their eyes when we pulled up and saw all of those planes and the pure excitement in their step as they began, immediately, to run, and jump, and scream, "look at the planes, the planes, the planes!". Well, even if you don't have children, it is quite a site to see.

On that day, we quickly walked from antique Cessna, to homebuilt, to unique old war-birds because they just couldn't miss one before it flew off into the sky. I estimate about 40-50 planes, but I've heard when its warm their can be up to 100-150.

The public is free to browse the old planes from about 6:30am to 10:30am until they all fly out. Why do all these people fly in the first Saturday of every month you might ask? It's their hobby! And one great all you can eat breakfast! The booster club cooks up a great breakfast that's only $5 for adults and $3 for children. Pancakes, eggs, biscuits & gravy, sausage, bacon, fruit, and drinks. You can eat until your little puppy stomach bulges out of your waistband. Then if you are still hungry when all the planes are gone, don't forget the infamous Enriques Mexican restaurant located in the airport terminal. This great food is another thing people write about, http://www.swaviator.com/html/issueSO02/Restaurant91002.html .

And this is my first episode of my favorite events in Ponca City! Check this one out, you won't regret it!

Steve Hermann's Listings - Coldwell Banker Heritage REALTORS- Visual Tours

2008-01-21T14:24:24Z

For information on my current listings and visual tours, please click on the appropriate link below. If you need more information or assistance in buying or selling a home, land, or commercial property call your Ponca City Real Estate Expert, Steve Hermann. 580-763-4853. I will make you my #1 Priority.

Link to my Visual Tour inventory: http://www.visualtour.com/inventory.asp?u=144156

Link to our office listings: http://resource.realtor.com/display/?id=12922614&

Ponca City News and Events Galore!

2008-01-21T14:14:40Z

The Ponca City area is rich in tradition and heritage. A beautiful oasis in the heart of America. Wonderful places to see and family fun events all year round. For information on Ponca City and the surrounding communities, start with the Ponca City Chamber of Commerce website or call Steve Hermann, your Ponca City Real Estate Expert 763-4853. http://www.poncacitychamber.com/main.html

Ponca City Area December Market Report

2008-01-21T13:56:40Z

Hello everyone! Here is your December/January Market Report for North Central Oklahoma from your Ponca City Real Estate Expert, STEVE HERMANN. Information gathered from NCBOR MLS.

In December, total volume of sales in the area totaled 3.3 million, with 31 closings at 94.6% of list price. Average price for those 31 closings is about $106,000. The Average Days on Market was 146.

The Absorption rate is 181 current listings divided by 31 sales equals 5.8 months, which is a very normal and reasonable rate. Supply and demand is stable.

Current inventory in January is 181 homes at a value of 19 million. Average price is $105,000 and the Average Days On Market is 110.

In Summary, the Ponca City area market continues to buck the National trend as average sales price is stable, absorption rate is normal. Average days on market has been extended slightly, but the winter months and national media subrime scare could be the cause.

As usual the Heart of America is a great value when buying real estate. Happy January, everyone.

October Market Report

2007-11-14T22:20:16Z

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 ratio has decreased from %95.85 in 2006 to %94.92 in 2007.

A general analysis in comparing only the month of October from 2006 to 2007:

1. Number of homes sold is down!

2. List Price is up!

3. Sale Price is up!

4. List to Sale ratio is down!

From January through October of 2006, 319 homes sold.

From January through October of 2007, 336 homes sold.

Please call if you have any questions. Steve Hermann 580-763-4853.

Tune Out the Media Hype!

2007-11-13T00:57:32Z

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 a rapid appreciation rate of 10%, 15%, and sometimes 25% per year. Not North Central Oklahoma. Tune out the hype! Ponca City Real Estate is doing Great!