Here is this weeks update of Real Estate in the Lawton Area: (the definition of each category is explained below) |
We challenged our Team this week to answer the question, "What do we need to do to create an environment where our business is not adversely affected by current market conditions?" The answers that kept coming up were to keep doing what we are doing and improve on it. The thing we are doing is educating the market on what is going on around us. We study the market every day to help advise our clients to make the best decisions, opt for the most effective improvements, and set the best price that will attract the most potential buyers. Another way we help inform our clients is to keep them up to date as to what is going on in the mortgage industry. According to major lender indicators, Oklahoma is included in one of the few states that have not been impacted by the declining market. It has not affected the home values in our area as a whole compared to other markets. We have the opportunity and privilege to be in an area that will be even further ahead in the market because we will have less ground to make up once the Oklahoma red dirt settles. Contact the mortgage experts at North Pointe Mortgage for all your mortgage needs. Check them out at www.lawtonmortgageinfo.com or give them a call 580.248.0795! If you or someone you know is interested in becoming a Real Estate Professional, check out http://www.successwithjaykinder.com/ and join us for our FREE Live events. Find out how to jump start your Real Estate Career for FREE! If you are a Licensed Producing Realtor check out how you could receive up to $10,000 in Cash Rewards! If you know of anyone that would benefit from this report please let me know and I will add them to the report mailing list. Have a great week! Thanks, Jay Kinder Our business is based on referrals. If you know of anyone looking to buy or sell real estate, please call us so that we can take the absolute best care of them! This information is obtained from Paragon MLS and deemed reliable but not guaranteed. We publish the Lawton Total Market Overview weekly to provide detailed insight into the inner workings and trends for the real estate marketplace in the Lawton area. If you have any questions or comments, please send us an email. |
_______________________________________________ The Kinder Team ReportActive Listings: Active listings in Paragon (MLS). Pendings: Listings which have received an acceptable offer from a buyer and are on the way to closing. Pending Ratio: Pendings / Active Listings (by price range) Expired Listings: Listings which have been ‘rejected by the market’ in the past six months. This is a rolling six-month (we calculate by going back 180 days from the date of the report) set of listings which were listed for sale and ‘rejected’ by the market and the sellers decided to pull or withdraw them and take them off the market. Closings: These are homes which were listed for sale, received an offer and closed with a new buyer. This is a six-month rolling total (180 days back) of all homes sold. Sold/Mo: Number of houses sold over a six months (180 day period) / 6 Months Inventory: Active Listings divided by Sold/Month. Note: Although many months of listings show for any price range, the average days on the market is normally significantly lower. This is due to the fact that there are normally a substantial amount of homes that are mis-priced or grossly overpriced. Days on Market is driven by the homes that actually sell vs. Months of Inventory. Average List / Sold Price: These are the averages for all homes that have sold in the past 180 days. MLS Data calculated for the average list and sales price for every home sold in the respective price range. List to Sales Ratio: Average List Price / Average Sales Price Days on Mkt.: Average days the homes in the price range that sold over the 180 day period. |
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