Yorktown Historical District Midtown Tulsa Market Report - Stats show great investments!
Yorktown is a desirable historic district within the boundaries of midtown Tulsa real estate, and this market report shows that a home purchase in Yorktown is a great investment.
Currently there are only four homes on the market in the Yorktown historical district and one property pending. Twelve properties have closed since the first of the year with the average days on market being very minimal. Two properties were on the market in excess of 200 days, but the majority sold within the first month or two of the listing period.
Average sales price in Yorktown midtown Tulsa real estate in 2011 was $201,933 with homes selling well above $100/square foot and as high as $148 and $214/square foot.
In addition to Yorktown's varied architectural styles, its location is its key attraction. It's walking distance to St. John's Medical Center, Utica Square shopping centre, Cascia Hall Preparatory School, Woodward Park, Swan Lake, groceries, restaurants, the Broken Arrow Expressway and the University of Tulsa.
From the Tulsa Preservation Commission: The Yorktown Neighborhood includes 19 blocks of single family residences. Composed of eight separate additions, the district does not exhibit a single pattern of residential development. The blocks are not the same size, varying in both width and length. Significant construction of residences in the Yorktown district began in 1921 with the Bungalow/Craftsman style making up 69 percent of all houses in the district. Tudor Revival is the second most prevalent style, gaining popularity in the district in the late 1920s. Combined, the Bungalow/Craftsman and Tudor Revival styles constitute ninety percent of the Yorktown residences.
Yorktown boundaries are 16th & 17th Streets to the north; Lewis Avenue to the east; 20th Street to the south; and Victor/Wheeling Avenues to the west.
With these home stats, I think it would be safe to assume that a home purchase in the Yorktown Historical District would be a sound investment. There are few midtown Tulsa neighborhoods with less than a three-month inventory of homes for sale.
For an updated market report on your midtown Tulsa neighborhood, please just give me a call: 918-852-5036!
Copyright 2011 Lori Cain All Rights Reserved - Originally Posted at: Midtown Tulsa Real Estate - Lori Cain
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