The Time Is Now!
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 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:
165 Homes Sold - Average Price / Home $113,309.
163 Homes Sold - Average Price / Home $117,956.
170 Homes Sold - Average Price / Home $120,553.
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 second quarter of 2006, (April, May, June), the Lawton MLS reported 437 Homes sold with an average price per Home of $113,691.
Here is a breakdown of each of the three months within the first quarter of 2006:
122 Homes Sold - Average Price / Home $107,464.
161 Homes Sold - Average Price / Home $117,331.
154 Homes Sold - Average Price / Home $116,279.
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 third quarter of Lawton Fort Sill's Hot Housing Market. 2007 is going to be a wonderful year for our city.
First Quarter Recap
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:
115 Homes Sold - Average Price / Home $102,678.
130 Homes Sold - Average Price / Home $94,055.
141 Homes Sold - Average Price / Home $112,064.
We Are Growing! - Let Us Grow Together!