In the 2nd Qtr. 2009 the Broken Arrow market showed a 56% increase in the number of homes sold, compared to 1st Qtr. 2009, and a 7% decrease compared to 2nd Qtr. 2008. The average sales price remaining almost unchanged compared to the previous Qtr. and was 4% less than in the 2nd Qt. 2008. Days on the market decreased 14%, from 65 to 56 days compared to the 1st Qtr. and increased 6%, from 50 to 53 days, compared to 2nd Qtr. 2008. The $8,000 tax rebate for first-time buyers should be a benefit for this market in the 2nd half of this year.
Broken Arrow is an important suburb of Tulsa as well as being a growing city in its own right. There are many affordable homes and also numerous upscale developments.
ZIP Codes: 74011, 74012, 74014 Location Characteristics: Broken Arrow, "where opportunity lives" is so much more than a marketing slogan. Broken Arrow possesses all the development factors companies are looking for: high education attainment levels, one of Oklahoma's best public school systems, Oklahoma's lowest crime rate, a critical mass of highly educated workers, available & affordable land, and a willing local leadership committed to development.
About Margaret Bannochie:
Margaret Bannochie of the Bannochie Team has been a Realtor in the Tulsa area for 25 years. Margaret's team offers superior client service in all aspects of their real estate business.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
