Relocating to Oklahoma City

By
Real Estate Agent with The Allen Group

For those relocating to Oklahoma City, Edmond, Moore, Norman, and the Greater OKC Metro, I'll like to say that our market has been and remains very strong overall; however, there are some deals to be found in a new construction and suburban areas.  Since 2006, our new construction starts have decresaed slightly due to lower sales and has shifted from a seller market to more of a buyer's market.  It's important to work with a Realtor who knows new construction since right now you can negotiate more concessions and structure a better contract for youself.  IE...you'll get a better buy by having a Realtor who knows the new constructions neighborhoods and market activity negoitate a contract for you than going directly to a builder.

Downtown, Mid-town and Bricktown, Historic Neighborhoods such as Heritage Hills, Harndale, Mesta Park, Winans, Crown Heights, and Edgemere Park along with more established neighborhoods such as Nichols Hills remain in very strong demand.  We are seeing homes sell within a few days of coming on the market and in some cases, are seeing multiple bids and selling homes above asking price.  Land vlaues are on the rise South of the Oklahoma State Capitol near OU Medical Center, the Oklahoma Bombing Memorial, St. Anthony's and Bricktown due to extensive new construction of high-end contemporary urban homes.  There has been some concern of these areas being overbuild.  I'll dispel this and let you know that demand has been strong with very high numbers of these properties already sold.  You'll soon see more restaurants, shops and a nice grocery store in the downtwon and mid-town areas. 

All for now....Cheers!

Chris

Comments (1)

Mobile Austin Notary
Apostille/Authentication/Embassy Legalization, Notary Public, Loan Signing Agent & Process Server Services - Austin, TX
www.mobileaustinnotary.com

Thanks for the great information.penguin

Dec 08, 2008 09:49 AM