Midtown Tulsa Properties Sold in Past 90 days – Snapshot Aug 3, 2017

By
Real Estate Agent with eXp Realty License #142914

midtown tulsa days on marketFor the purposes of this midtown Tulsa market report, midtown is mapped from 11th Street to the north to I-44 to the south; Riverside to the west and Yale to the east. We have enjoyed a Seller’s market for some time now, but things seem to be slowing down a bit.

Here’s a quick review of what’s happening in different price ranges. And keep in mind that the absorption rate analysis in midtown Tulsa differs from neighborhood to neighborhood. For example, homes may be moving quicker in Florence Park than in another midtown neighborhood. If you are interested in where to price your home or how long it may take to sell, I am happy to prepare a personal market analysis for you! 918-852-5036

Price range $100,000-$149,000 23 active properties; 22 pending properties
45 closed properties - average days on market 24 (32 properties sold within 1st month)

Price range $150,000-$199,000 25 active properties; 21 pending properties
43 closed properties - average days on market 32 (29 properties sold within 1st month)

Price range $200,000-$249,000 18 active properties; 13 pending properties
31 closed properties - average days on market 30 (16 properties sold within 1st month)

Price range $250,000-$299,000 18 active properties; 10 pending properties
28 closed properties - average days on market 25 (21 properties sold within 1st month)

Price range $300,000-$399,000 40 active properties; 12 pending properties
45 closed properties - average days on market 52 (21 properties sold within 1st month)

Price range $400,000-$499,000 35 active properties; 8 pending properties
19 closed properties - average days on market 106 (8 properties sold within 1st month)

Price range $500,000-$599,00 34 active properties; 5 pending properties
17 closed properties - average days on market 69 (9 properties sold within 1st month)

Price range $600,000-$699,00 28 active properties; 3 pending properties
closed properties - average days on market 167 (4 properties sold within 1st month)

Price range $700,000-$799,000 17 active properties; 1 pending property
9 closed properties - average days on market 77 (6 properties sold within 1st month)

Price range $800,000-$1,000,000 22 active properties; 3 pending properties
6 closed properties - average days on market 136 (1 property sold within 1st month)

It’s important to understand the absorption rate as well as the comps (comparable sales) for your specific midtown Tulsa neighborhood. Please call if I can assist!

Content written and published by Lori Cain.

Lori Cain is a residential Realtor with eXp Realty serving the greater Tulsa Oklahoma area and specializing in midtown Tulsa. Call 918-852-5036. eXp Realty is the Agent-Owned Cloud Brokerage®!

Copyright 2017 Lori Cain All Rights Reserved - Originally Posted at: Midtown Tulsa Real Estate - Lori Cain

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Please visit my web site if you are shopping for Tulsa homes for sale or call 918-852-5036 for more information about Midtown Tulsa Real Estate. In addition to my advanced grasp of the internet to market your Tulsa home for sale, I include a home staging consultation with every listing AND professional photography - at no aditional cost to you!

Lori is a residential Realtor with eXp Realty serving the greater Tulsa area and specializing in downtown Tulsa and midtown Tulsa real estate.

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Rainmaker
1,707,191
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I would expect hot activity in the lower price ranges but for me what is impressive is the higher price ranges. 136 days on market for $800,000 plus is excepetional.

Aug 09, 2017 06:24 AM #1
Rainmaker
546,739
Lori Cain
eXp Realty - Tulsa, OK
Midtown Tulsa Real Estate Top Producer

Joe Pryor - I have a theory about that. No brainer that the homes under $200K are going to sell quickly if they're in move-in condition, particularly in midtown. The people that can afford $800K+ aren't worried about money. It's those in the $300-$750K price range who are worried about what health insurance may cost them in the days to come, and they're hanging on to their money. I don't think it matters how low the interest rates are - there's too much uncertainty and fear while Trump is in the White House. 

Aug 09, 2017 07:55 AM #2
Rainmaker
546,739
Lori Cain
eXp Realty - Tulsa, OK
Midtown Tulsa Real Estate Top Producer

Corinne Guest, Managing Broker - I've been away from AR for so long, I totally forgot about notifications. The cloud is great. Not such a big change for me since I was pretty autonomous already. Hope you are doing well!

Sep 18, 2017 09:03 AM #4
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Rainmaker
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Lori Cain

Midtown Tulsa Real Estate Top Producer
Happy to answer your real estate questions!
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