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Lawton - Fort Sill is growing. The Housing Market in our great city will continue to rise in value.
There are many factors contributing to the positive growth we are experiencing in our community. However, the primary reason is Supply and Demand. A Brigade of troops will arrive in Lawton - Fort Sill within the next few years. The roads are expanding. New commercial industry is arriving in our town. We are growing and we will continue to grow. The prices of homes have been increasing at a steady rate in our community for many years. However, the housing market will rise much more than usual as the supply of homes becomes less than the great demand we will have.
New construction is ever increasing in Lawton and surrounding towns such as Cache, Elgin, and Geronimo. The price of New Construction has and will continue to increase, just as the prices of Existing Homes have and will continue to increase.
Over the past year, the talk of growth in our community has been heard. Now, the sound is loud, and it is growing in strength and intensity.
In the first quarter of 2007, from January to March, 386 Homes Sold, as reported by the Lawton MLS. The average price of each sold home was $102, 932.
Here is a breakdown of the first three months of 2007:
January 115 Homes Sold - Average Price / Home $102,678.
February 130 Homes Sold - Average Price / Home $94,055.
March 141 Homes Sold - Average Price / Home $112,064.
Lawton - Fort Sill is a strong market for Home Buyers and Home Sellers. Some people try to differentiate between a buyer's market and a seller's market. Lawton - Fort Sill houses a large artillery base that will grow tremendously over the next few years. Homes are and will continue to be a necessity for our current and future residents. I would rather refer to the market as a strong Housing Market. The demand of homes will continue to increase and the supply of homes will continue to decrease.
In the first quarter of 2006, (January, February, March), the Lawton MLS reported 362 Homes sold with an average price per Home of $102,349.
Here is a breakdown of each of the three months within the first quarter of 2006:
January 104 Homes Sold - Average Price / Home $96,100.
February 106 Homes Sold - Average Price / Home $103,239.
March 152 Homes Sold - Average Price / Home $107,709.
For more detailed information about a specific neighborhood or a specific area of Lawton - Fort Sill or a nearby city, please feel free to contact me. I will be more than happy to put together a customized sales report for you.
In closing, I would like to provide you with an insider's tip. Always make an informed decision. Whether you are buying or selling a home, be sure that you allow yourself the opportunity to make your proper decision.
In my next market report, I will highlight the second quarter of Lawton Fort Sill's Hot Housing Market. 2007 is going to be a wonderful year for our city.
Second Quarter Preview In the second quarter of 2007, (April, May, June), the Lawton MLS reported 498 Homes sold with an average price per Home of $117,273.
Here is a Breakdown of each of the three months within the second quarter of 2007:
April 165 Homes Sold - Average Price / Home $113,309.
May 163 Homes Sold - Average Price / Home $117,956.
June 170 Homes Sold - Average Price / Home $120,553.
We Are Growing - Let Us Grow Together!
Until next time,
Susan Stricklin, GRI RE/MAX Professionals Lawton's Best Realtor Mobile: (580) 917-0707 Office: (580) 353-7496
Location Characteristics: Lawton Fort Sill is located at the base of the historic Wichita Mountains in Southwest Oklahoma. Lawton has become the home of world-class manufacturing, and software development companies that serve both domestic and international markets.
Since its days as a frontier Army outpost established in 1869 to guard the western edge of the Great Plains, progress has come quickly to Lawton. From Buffalo Soldiers to the world's largest tire plant; from Indian Chief Geronimo to cutting edge, software development, Lawton Fort Sill has become the economic hub of Southwest Oklahoma and beyond.
A vibrant city of almost 100,000, Lawton offers virtually every business and cultural amenity of a major market without big-city problems. Lawton is Oklahoma's third largest MSA with a workforce of over 110,000 from seven contiguous counties.
Lawton's public education system can take a student form pre-Kindergarten at Lawton Public Schools through postgraduate work at Cameron University. Add to this the Great Plains Technology Center, part of an Oklahoma system that is considered by many educators to be the premier workforce training program in the nation.
Culturally, we are particularly proud. Our ballet company, theater, museums, fine arts programs galleries, and wildlife refuge have resulted in Lawton becoming the cultural jewel of the plains. Lawton and Comanche County are home to several significant multi-cultural events each year.
The Wichita Wildlife Refuge, a national wildlife refuge center, is one of the oldest ranges on earth and serves as a reminder of our southwestern past. Each year millions of visitors enjoy the refuge's picturesque views and ecosystem, as well as numerous activities such as rock climbing, trail hiking, boating, fishing, camping, and swimming.
Located at the main entry to the refuge is the town Medicine Park. Medicine Park, a former tourism resort, became a playground for all Oklahomans, rich, famous, and notorious, in the early 20th century. As Medicine Park heads into the 21st century, it continues to experience an economic growth while retaining its history and charm
Our success has not gone unnoticed. Expansion Management Magazine has named Lawton one of America's "Hottest 50 Cities" for business development and expansion in 2002. This recognition was fueled by the recent private investment of over $600 million dollars in new construction and expansion.
About Susan Stricklin: Integrity, dedication and exceptional service distinguish me in the real estate field. When it's time to buy or sell, I have the skills and market knowledge to put you on top. Call Me.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.