Third Quarter Market Report
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.
Third Quarter Total (2007): 449 Homes Sold - Average Price / Home: $121,811
July: 153 Homes Sold - Average Price / Home $131,553.
August: 171 Homes Sold - Average Price / Home $115,897.
September: 125 Homes Sold - Average Price / Home $117,982.
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.
Third Quarter Total (2006): 477 Homes Sold - Average Price / Home: $111,129
July: 172 Homes Sold - Average Price / Home $116,724.
August: 163 Homes Sold - Average Price / Home $112,483.
September: 142 Homes Sold - Average Price / Home $106,579.
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 provide a review of total sales for 2007 as compared to 2006. I will also introduce a new set of ideas, thoughts, and facts for and about our city; I will discuss the growth we are beginning to see and the growth we should begin to expect.
Second Quarter Recap:
Second Quarter Total: 498 Homes Sold - Average Price / Home: $117,273.
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.
Until next time,
Susan Stricklin, GRI
Lawton's Best Realtor
Mobile: (580) 917-0707
Office: (580) 353-7496
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ZIP Codes: 73527, 73505, 73507, 73501
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.
Information Source: http://www.lawtonok.org/
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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.
Your Realtor since 1984
Susan Stricklin, GRI