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November 25, 2009

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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Stillwater, Oklahoma

Reported by Dennis Cyr, REALTOR, CRS, GRI

Updated November 10, 2009.

Current Market Rating: 2




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5
Buyer's

Seller's

Current Price Trend: 2




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Falling

Rising

Nestled conveniently between OKC and Tulsa, Stillwater and the surrounding areas are attractive to home owners and investors. This popularity has driven our active housing market for years. It creates a neutral and steady market for both buyers and sellers. Our strong University, education and industrial park presence allows Stillwater to maintain its consistancy. Even with the latest downturn in some housing markets nationwide, Stillwater (and Oklahoma in general) are strong to consider. The $8,000 Tax Credit opportunity for first-time homebuyers has helped move homes in that particular market and continues to impact sales. The influence of the greater percentage of homes sold in the $100,000 to $200,000 range has tended to reduce the average $$ sold amount this year. With the November 30th end date for this tax credit extended, as well as the $6,500 credit now for current home owners, this trend will likely continue however the median price is likely to now rise.


ZIP Codes: 74074, 74075, 74076, 74077, 74078

Location Characteristics: Stillwater has a unique and positively interacting University, residential and business community climate. Stillwater's economy has been buffered from the national peak and valley trends of the housing market due to the the positive influences of its strong and nationally recognized public school and higher education systems, its industries, its active Chamber of Commerce and downtown, extensive and modern medical offerings, many recreational opportunities and Oklahoma State University. Visit WWW.Stillwater.org to learn more about why many are deciding upon Stillwater as their place to live.

Stillwater home activity is continuing well, and more than usual in the markets below $250,000 in relation to the higher priced homes. Housing starts have slowed but the inventory available offers very good choices. Buyers have a healthy volume from which to choose in most price markets so sellers must be priced right and prepared with a home which is clean, well maintained and attractive. I have noticed that pre-owned homes will need upgrades to some major items like roof, flooring, HVAC etc. (when necessary) to compete with newer construction. New construction is up and taking the buyers yet the updated pre-owned homes, when priced right, can bring a healthy price as well as a buyer. however, buyers can get a negotiating edge when a home remains on the market a while so pricing right from day one is the key. When a home is on the market a while, a Realtor can help understand why and suggest what can be done to better position it to sell. I will help you with the information you will need to make your decisions. Come visit Stillwater and stay.

For More Information:

View Market Conditions of other areas served by Dennis Cyr

Navigate: Top > Oklahoma > Stillwater

About Dennis Cyr:
Since my permanent move from college to Stillwater in 1974, I've loved this area. You deserve a Realtor who knows the schools, neighborhoods, and home market of Stillwater -- one with deep integrity, a passion for service, and of course, ... TIME. I'll be that full-time Realtor for you. My credentials include Graduate of Realtor Institute (GRI), and Certified Residential Specialist (CRS), Teacher of the Year for Oklahoma, and service to Stillwater community organizations. I am commited to YOU and to continuing education. Call me, email me or just drop by - together we will get you to where you want to be. See below some additional contact info:

My website: PoolofHomes.com
"Sell" phone: 405-714-1799
Email: dennis@teamstillwater.com
Office web: MMTeamStillwaterRealtors.com
Office phone: 405-372-8326




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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