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July 10, 2009
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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Broken Arrow, Oklahoma

Reported by Curtis Kretchmar, REALTOR, Broker Associate

Updated June 15, 2009.

Current Market Rating: 3




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Buyer's

Seller's

Current Price Trend: 4




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Falling

Rising

Broken Arrow is up almost 5% from last year.

ZIP Codes: 74011, 74012, 74014, 74134

Approximate Location Boundaries: Broken Arrow starts three miles south and east of Tulsa.

Location Characteristics: Broken Arrow is a suburban community just to the southeast of Tulsa, Oklahoma and is noted for low crime, good schools, quality development, and excellent transportation access to surrouding areas. These factors are primarily fueling the growth of the community. Additionally, the community still holds large undeveloped tracts of land adjacent to the Broken Arrow Expressway and Broken Arrow South Loop turnpike, which offer prime sites for commercial, office, retail, and industrial development. These factors will continue to make Broken Arrow an attractive location for business and residential development.

Growing nearly 35% since 1990, Broken Arrow continues to be one of the fastest growing communities in Oklahoma of those with more than 50,000 persons. Between 1990 and 2000, the City of Broken Arrow added nearly 17,000 new residents, growing from 58,043 to 2000 population of 74,859 as reported by the U.S. Census. In 1980 Broken Arrow was the 28th largest city in Oklahoma, in 1990 it moved up to 9th, and today the city ranks 4th. The estimated 2007 population was 97,949.

Population growth has also been accelerated due to the annexations that has occurred since 2000. Annexing areas containing existing subdivisions has the effect of adding a more substantial amount of population to the city limit's than would normally occur through natural growth and development.

The city of Broken Arrow has expanded by more than 5 square miles since 1990 and the fenceline by nearly 29 square miles. This continued rapid growth places new and increasing demands on the City's resources, land, environment, and capital infrastructure. Managing growth while at the same time maintaining a good quality of life is the primary challenge facing the community over the next 20 years.

For More Information:

View Market Conditions of other areas served by Curtis Kretchmar

Navigate: Top > Oklahoma > Broken Arrow

About Curtis Kretchmar:
I have had my Realtor License and Brokers License for over twenty eight years. I graduated in 1981 from Central State University in 1981 and started Real Estate 1n 1979. I have Averaged over 100 Transactions Consistently over the last twenty years.


These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.




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