• Philbrook Museum, Home of Waite Phillips in Midtown Tulsa, Oklahoma

    Philbrook Museum

  • Travis Mansion, Home of the Tulsa Historical Society in Midtown Tulsa

    Tulsa Historical Society

  • The Five Moons are five Native American ballerinas from the U.S. state of Oklahoma who achieved international prominence during the 20th century. They are Yvonne Chouteau, Rosella Hightower, Moscelyne Larkin, and sisters Maria Tallchief and Marjorie Tallchief

    The Five Moons

  • The Travis Mansion , Home of the Tulsa Garden Center

    Tulsa Garden Center

  • Tulsa Municipal Rose Garden at the Tulsa Garden Center in Woodward Park

    Tulsa Municipal Rose Garden

  • Tulsa Municipal Rose Garden at the Tulsa Garden Center in Woodward Park

    Tulsa Municipal Rose Garden

  • Tulsa Municipal Rose Garden at the Tulsa Garden Center in Woodward Park

    Tulsa Municipal Rose Garden

  • Tulsa Municipal Rose Garden at the Tulsa Garden Center at Woodward Park

    Tulsa Municipal Rose Garden

  • Linnaeus Garden at the Tulsa Garden Center in Woodward Park

    Linnaeus Garden

  • The Philbrook Museum of Art, Home of Waite Phillips

    Philbrook Museum

How fast will your home sell?

How fast is the real estate market moving? Assuming no other homes were to come on the market, how long would it take to sell all the houses currently for sale in midtown Tulsa? This is what we call the absorption rate. How fast homes are selling in midtown Tulsa depends on how fast the real estate market is moving and where your home is positioned in that market. Quite simply, the answer is different depending on the price point of your house.

Of course other factors will contribute to your home’s selling quickly: amenities, condition, floor plan, and of course, location.

How good are the chances of selling your home?

What are the odds of selling your house in midtown Tulsa? Do you have a good chance of selling your midtown home in the next 30 days?

How has the speed of the real estate market changed since last month?

How has the absorption rate changed in the past 6 months? Is it going up or down? Up indicates the market slowing down. Down indicates the market is speeding up. Compare January 2016’s market statistics with the statistics from July, August, September, October, November, and December of 2015.

The Seller’s Market is Shifting to a Buyer’s Market

We are witnessing a shift from a seller’s market to a buyer’s market. The market shift seems to be occurring in midtown Tulsa at the price point between $350,000 and $450,000. Take a look at January’s statistics and decide for yourself whether or not it is a good time to buy a house or to sell a house.

Again, to see the shift occurring in slow motion, take a look at my blog posts over the past six months and notice the change in the absorption rate.

Remember, a six-month supply of homes indicates a buyer’s market and when there are less than 6 months of homes available, then it is considered a seller’s market.

Is it a good time to sell your home?

In my opinion, right now is an excellent time to either buy or sell a house in midtown Tulsa, because overall the market is fairly balanced.

Also, while noting that home prices fell slightly between December and January, historically our home prices usually increase in the springtime.

It’s your decision where to price your home. I provide data and you decide. For a look at how the market is in your particular Tulsa subdivision or midtown Tulsa neighborhood, please call me and I’ll work up the current statistics for you. It’s a constantly changing market and with all the fabulous amenities in our midtown Tulsa homes, each property value is different.

An appraiser can also help you decide how to position your home for the market.

Here are the market statistics for the three-month period from October 25, 2015 to January 25, 2016.

Compare these statistics with previous months’ statistics and see the trends for yourself.

Midtown Tulsa Real Estate Sales Statistics for Homes Sold by Price Point

(for the three-month period from October 25, 2015 to January 25, 2016)

Here are the latest market statistics for Midtown Tulsa.

Overall Average

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 2
Median Year Built: 1947
Average Square Footage (heated space): 1,755
Average Acreage: 0.22
Average List Price: $215,006.00
Average List Price Per Square Foot: $122.51
Average Sales Price: $208,386.00
Average Sales Price Per Square Foot: $118.74
Average Sales Price to List Price Ratio: 97.16%
Average Cumulative Days on Market: 59
Months Supply of Homes: 3.69
Odds of Selling in 90 Days: 37.14 %

Up to $100,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 1
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 1
Median Year Built: 1948
Average Square Footage (heated space): 1,209
Average Acreage: 0.19
Average List Price: $76,423.00
Average List Price Per Square Foot: $63.21
Average Sales Price: $73,831.00
Average Sales Price Per Square Foot: $61.07
Average Sales Price to List Price Ratio: 97.05%
Average Cumulative Days on Market: 72
Months Supply of Homes: 1.80
Odds of Selling in 90 Days: 41.38%

$100,000 to $150,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 1
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 1
Median Year Built: 1951
Average Square Footage (heated space): 1,362
Average Acreage: 0.19
Average List Price: $127,700.00
Average List Price Per Square Foot: $93.76
Average Sales Price: $124,212.00
Average Sales Price Per Square Foot: $91.20
Average Sales Price to List Price Ratio: 97.39%
Average Cumulative Days on Market: 53
Months Supply of Homes: 3.36
Odds of Selling in 90 Days: 33.04%

$150,000 to $250,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 2
Median Year Built: 1940
Average Square Footage (heated space): 1,727
Average Acreage: 0.21
Average List Price: $201,597.00
Average List Price Per Square Foot: $116.73
Average Sales Price: $193,422.00
Average Sales Price Per Square Foot: $112.00
Average Sales Price to List Price Ratio: 96.59%
Average Cumulative Days on Market: 41
Months Supply of Homes: 2.34
Odds of Selling in 90 Days: 41.84%

$250,000 to $350,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 2
Median Year Built: 1940
Average Square Footage (heated space): 2,164
Average Acreage: 0.24
Average List Price: $299,594.00
Average List Price Per Square Foot: $138.44
Average Sales Price: $287,975.00
Average Sales Price Per Square Foot: $133.08
Average Sales Price to List Price Ratio: 97.30%
Average Cumulative Days on Market: 61
Months Supply of Homes: 2.72
Odds of Selling in 90 Days: 41.56%

$350,000 to $450,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 1
Average Number of Garage Spaces: 2
Median Year Built: 1948
Average Square Footage (heated space): 2,689
Average Acreage: 0.34
Average List Price: $408,589.00
Average List Price Per Square Foot: $151.95
Average Sales Price: $395,593.00
Average Sales Price Per Square Foot: $147.12
Average Sales Price to List Price Ratio: 96.83%
Average Cumulative Days on Market: 122
Months Supply of Homes: 10.00
Odds of Selling in 90 Days: 13.85%

$450,000 to $600,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 3
Average Number of Half Bathrooms: 1
Average Number of Garage Spaces: 2
Median Year Built: 1972
Average Square Footage (heated space): 3,328
Average Acreage: .37
Average List Price: $550,000.00
Average List Price Per Square Foot: $165.26
Average Sales Price: $524,500.00
Average Sales Price Per Square Foot: $157.60
Average Sales Price to List Price Ratio: 95.46%
Average Cumulative Days on Market: 69
Months Supply of Homes: 6.75
Odds of Selling in 90 Days: 14.29%

$600,000 to $800,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 3
Average Number of Half Bathrooms: 1
Average Number of Garage Spaces: 2
Median Year Built: 1947
Average Square Footage (heated space): 3,991
Average Acreage: 0.34
Average List Price: $719,500.00
Average List Price Per Square Foot: $180.28
Average Sales Price: $688,700.00
Average Sales Price Per Square Foot: $172.56
Average Sales Price to List Price Ratio: 95.75%
Average Cumulative Days on Market: 33
Months Supply of Homes: 15.00
Odds of Selling in 90 Days: 10.20%

$800,000 to $1,200,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 3
Average Number of Half Bathrooms: 2
Average Number of Garage Spaces: 3
Median Year Built: 1991
Average Square Footage (heated space): 5,597
Average Acreage: 0.47
Average List Price: $1,226,667.00
Average List Price Per Square Foot: $219.17
Average Sales Price: $1,073,000.00
Average Sales Price Per Square Foot: $191.71
Average Sales Price to List Price Ratio: 87.97%
Average Cumulative Days on Market: 112
Months Supply of Homes: 24.00
Odds of Selling in 90 Days: 6.82%

Above $1,200,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 4
Average Number of Half Bathrooms: 2
Average Number of Garage Spaces: 3
Median Year Built: 1958
Average Square Footage (heated space): 5,980
Average Acreage: 0.92
Average List Price: $1,825,000.00
Average List Price Per Square Foot: $305.18
Average Sales Price: $2,010,200.00
Average Sales Price Per Square Foot: $336.15
Average Sales Price to List Price Ratio: 109.23%
Average Cumulative Days on Market: 53
Months Supply of Homes: 18.00
Odds of Selling in 90 Days: 9.09%

Statistics compiled by Debbie Solano, ALC, CRS, from data provided by NORES and the Greater Tulsa Association of REALTORS® for the period from October 25, 2016 through January 25, 2016.

Area covered includes single-family houses located between I-244 and I-44 from River Parks to Sheridan.

Information is deemed reliable, but not guaranteed. Does not reflect all market activity.

Get Shortlink: http://midtowntulsarealestate.net/?p=906
________________________________________________________________________
Debbie Solano is an Accredited Land Consultant and Certified Residential Specialist with a Broker-Associate license which hangs at the Midtown Tulsa office of Coldwell Banker Select REALTORS®. She would enjoy your feedback or questions. She can be reached at 918-724-8201 or dsolano@cbTulsa.com.

Copyright © 2016 by Deborah M. Solano — ALL RIGHTS RESERVED — Midtown Tulsa Real Estate — Midtown Tulsa Real Estate Market Statistics: January 2016

Tulsa Real Estate Market Statistics: December 2015 Inventory Analysis for the Tulsa MLS — Report dated January 13, 2016.

Tulsa Real Estate Market Inventory Analysis

Tulsa Monthly Real Estate Inventory Analysis for December 2015 compiled from data provided by the Greater Tulsa Association of REALTORS.

Tulsa Real Estate Market Inventory Analysis for the Tulsa MLS during December 2015 indicates the market is shifting again.

Home prices are reminiscent of where they were two years ago. One thing is for sure: sales prices are falling.

From data provided by the Greater Tulsa Association the following statistics were compiled by RE STATS Inc. for the Area delimited by the following Northeast Oklahoma counties:

  • Creek County
  • Okmulgee County
  • Osage County
  • Pawnee County
  • Rogers County
  • Tulsa County
  • Wagoner County

Quick Summary

Absorption: Last 12 months an average of 1,132 sales per month

Active Inventory: As of December 31, 2015 = 5,428

Closed Listings: 1,028 (down 1.15% below a year ago)

Pending Listings: 903 (up 11.07% over a year ago)

New Listings: 1,363 (down 7.53% below a year ago)

Average List Price: $169,115 (down 9.36% below a year ago)

Average Sale Price: $164,335 (down 9.13% below a year ago)

Average Percent of List Price to Selling Price: 96.81% (up 0.26% above a year ago)

Average Days on Market to Sale: 48.03 days (down 12.34% below a year ago)

End of Month Inventory: 5,428 (down 4.99% below a year ago)

Months Supply of Inventory: 4.8 months (down 5.9% below a year ago)

Analysis Wrap Up

Months Supply of Inventory (MSI) Decreases

The total housing inventory at the end of December 2015 decreased 4.99% to 5,428 existing homes available for sale. Over the last 12 months this area has had an average of 1,132 closed sales per month. This represents an unsold inventory index of 4.80 MSI for this period.

Average Sale Prices Falling

According to the preliminary trends, this market area has experienced some downward momentum with the decline of Average Price this month. Prices dipped 9.13% in December 2015 compared to $164,335 versus the previous year at $180,845.

Average Days on Market Shortens

The average number of 48.03 days that homes spent on the market before selling decreased by 6.76 days or 12.34% in December 2015 compared to last year’s same month at 54.79 DOM.

Sales Success for December 2015 is Positive

Overall, with Average Prices falling and Days on Market decreasing, the Listed versus Closed Ratio finished strong this month.

There were 1,363 New Listings in December 2015, down 7.53% from last year at 1,474. Furthermore, there were 1,028 Closed Listings this month versus last year at 1,040, a -1.15% decrease.

Closed versus Listed trends yielded a 75.4% ratio, up from last year’s December 2015 at 70.6%, a 6.90% upswing. This will certainly create pressure on a decreasing Month’s Supply of Inventory (MSI) in the following months to come.

Here is the full report:

Tulsa Real Estate Market Statistics: November 2013 Inventory Analysis for the Tulsa MLS

If you want to see specific market share information for your midtown Tulsa neighborhood or subdivision, contact Debbie Solano at 918-724-8201.

Get Shortlink: http://midtowntulsarealestate.net/?p=887
————————————————————–

Copyright© 2016 by Debbie Solano — ALL RIGHTS RESERVED — Midtown Tulsa Real Estate — Tulsa Real Estate Market Statistics: December 2015 Inventory Analysis for the Tulsa MLS

How fast will your house sell in midtown Tulsa?

Each month I post real estate market statistics for Midtown Tulsa on my website and publish them in People of Midtown. If you are watching these numbers, in the past couple of months you will have noticed on the one hand, that our market has been slowly shifting from a Seller’s market to a Buyer’s market in the upper price points (i.e., slowing down, with homes taking longer to sell). On the other hand, our market has been speeding up at the lowest price point (with homes priced below $100,000 taking even less time to sell). We are seeing a shift in both directions at the same time.

Overall, however, the real estate market in midtown Tulsa is still very much a seller’s market with only a 3-month supply of homes for sale. That means, if no other homes were to come into the midtown Tulsa real estate market, then it would only take 3 months to sell every home in the available inventory.

Remember, a six-month supply of homes is considered to be a stable market; seven or more is considered to be a buyers’ market; and below six months is considered to be a seller’s market. Of course, when you focus on specific neighborhoods, there are submarkets at each price point.

Each month I also publish the chances of your house selling. This number is calculated by analyzing how many homes sell compared to how many homes have been in the market over the past 90 days, counting rooftops that are active, pending, sold, expired, withdrawn, or released listings in our MLS. Not every house gets sold because there are only a certain number of houses that are going to sell in any given market in any period of time.

Your home is in a beauty contest with other homes as new inventory comes on the market. Some homes fail to sell… ever! When new inventory arrives they don’t have a chance because they lose the beauty contest or are overpriced. These homes linger on the market until the owner decides that they obviously like their home better than any potential buyers looking at that price point, and so the homeowners eventually take their home off the market.

Buyers are constantly shopping for the best value their money can buy. The best homes in the market are shown immediately and multiple offers are frequently being made on the cream puffs at the best price for their floor plan and location. These homes sell fast.

Is your price compelling? Even in a seller’s market, it is the buyers who are the experts with regard to which homes sell. They know quickly whether a home is priced right.

Given the odds of your home selling in the next 90 days, how can you increase the chances that your home will be among the homes that sell rather than being among the homes that don’t sell?

If you want to get the best price for your house when you sell it, pay attention to the “3 C’s:” cost, condition and clutter.

The Three C’s

  1. Cost
      Make sure your home is in a competitive position to sell.
      Price it right for its location, floor plan, and condition.
  2. Condition / Color / Curb Appeal
      Address deferred maintenance issues that have been on the “honey-do list;” do a pre-inspection and fix problems identified;
      Update interior and exterior paint colors (eg., discover “trending paint colors” on Google.com or Houzz.com);
      Consider replacing your roof, your garage door, and/or siding;
      Upgrade your landscaping; plant flowers
  3. Clutter / Cleanliness

As a seller, you cannot change the location of your home or its floor plan. However, you can change your home’s condition and its position in the market. You are in control.

Your trusted real estate advisor can help you position your home to win the beauty contest and be the best value for the money. If your home doesn’t sell quickly, it may be overpriced and in need of a price adjustment.

Here are the latest market statistics for Midtown Tulsa.

Midtown Tulsa Real Estate Sales Statistics for Homes Sold by Price Point

(for the three-month period from September 25 to December 25, 2015)

Overall Average

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 2
Median Year Built: 1948
Average Square Footage (heated space): 1,884
Average Acreage: 0.24
Average List Price: $254,252.00
Average List Price Per Square Foot: $134.95
Average Sales Price: $244,573.00
Average Sales Price Per Square Foot: $129.82
Average Sales Price to List Price Ratio: 96.65%
Average Cumulative Days on Market: 57
Months Supply of Homes: 3.03
Odds of Selling in 90 Days: 34.57 %

Up to $100,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 1
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 1
Median Year Built: 1948
Average Square Footage (heated space): 1,207
Average Acreage: 0.19
Average List Price: $78,593.00
Average List Price Per Square Foot: $65.11
Average Sales Price: $75,623.00
Average Sales Price Per Square Foot: $62.65
Average Sales Price to List Price Ratio: 96.36%
Average Cumulative Days on Market: 69
Months Supply of Homes: 1.46
Odds of Selling in 90 Days: 42.68%

$100,000 to $150,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 1
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 1
Median Year Built: 1950
Average Square Footage (heated space): 1,389
Average Acreage: 0.19
Average List Price: $130,094.00
Average List Price Per Square Foot: $93.66
Average Sales Price: $126,500.00
Average Sales Price Per Square Foot: $91.07
Average Sales Price to List Price Ratio: 97.35%
Average Cumulative Days on Market: 51
Months Supply of Homes: 2.43
Odds of Selling in 90 Days: 39.38%

$150,000 to $250,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 2
Median Year Built: 1941
Average Square Footage (heated space): 1,768
Average Acreage: 0.22
Average List Price: $199,123.00
Average List Price Per Square Foot: $112.63
Average Sales Price: $191,793.00
Average Sales Price Per Square Foot: $108.48
Average Sales Price to List Price Ratio: 96.52%
Average Cumulative Days on Market: 40
Months Supply of Homes: 2.07
Odds of Selling in 90 Days: 44.94%

$250,000 to $350,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 2
Median Year Built: 1942
Average Square Footage (heated space): 2,052
Average Acreage: 0.22
Average List Price: $304,935.00
Average List Price Per Square Foot: $148.60
Average Sales Price: $295,706.00
Average Sales Price Per Square Foot: $144.11
Average Sales Price to List Price Ratio: 97.19%
Average Cumulative Days on Market: 55
Months Supply of Homes: 2.55
Odds of Selling in 90 Days: 42.31%

$350,000 to $450,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 2
Median Year Built: 1946
Average Square Footage (heated space): 2,457
Average Acreage: 0.31
Average List Price: $399,564.00
Average List Price Per Square Foot: $162.62
Average Sales Price: $385,310.00
Average Sales Price Per Square Foot: $156.82
Average Sales Price to List Price Ratio: 96.52%
Average Cumulative Days on Market: 99
Months Supply of Homes: 7.07
Odds of Selling in 90 Days: 20.59%

$450,000 to $600,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 3
Average Number of Half Bathrooms: 1
Average Number of Garage Spaces: 2
Median Year Built: 1975
Average Square Footage (heated space): 3,321
Average Acreage: .36
Average List Price: $566,885.00
Average List Price Per Square Foot: $170.70
Average Sales Price: $546,512.00
Average Sales Price Per Square Foot: $164.56
Average Sales Price to List Price Ratio: 96.47%
Average Cumulative Days on Market: 79
Months Supply of Homes: 5.77
Odds of Selling in 90 Days: 19.12%

$600,000 to $800,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 3
Average Number of Half Bathrooms: 1
Average Number of Garage Spaces: 2
Median Year Built: 1990
Average Square Footage (heated space): 3,893
Average Acreage: 0.37
Average List Price: $718,222.00
Average List Price Per Square Foot: $184.49
Average Sales Price: $692,389.00
Average Sales Price Per Square Foot: $177.85
Average Sales Price to List Price Ratio: 96.44%
Average Cumulative Days on Market: 88
Months Supply of Homes: 9.33
Odds of Selling in 90 Days: 16.67%

$800,000 to $1,200,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 4
Average Number of Half Bathrooms: 1
Average Number of Garage Spaces: 3
Median Year Built: 2006
Average Square Footage (heated space): 4,946
Average Acreage: 0.42
Average List Price: $1,045,667.00
Average List Price Per Square Foot: $211.42
Average Sales Price: $964,833.00
Average Sales Price Per Square Foot: $195.07
Average Sales Price to List Price Ratio: 93.54%
Average Cumulative Days on Market: 72
Months Supply of Homes: 13.00
Odds of Selling in 90 Days: 12.77%

Above $1,200,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 5
Average Number of Half Bathrooms: 2
Average Number of Garage Spaces: 3
Median Year Built: 1994
Average Square Footage (heated space): 10,123
Average Acreage: 1.08
Average List Price: $3,080,000.00
Average List Price Per Square Foot: $304.26
Average Sales Price: $2,970,000.00
Average Sales Price Per Square Foot: $293.39
Average Sales Price to List Price Ratio: 93.84%
Average Cumulative Days on Market: 52
Months Supply of Homes: 9.00
Odds of Selling in 90 Days: 16.67%

Statistics compiled by Debbie Solano, ALC, CRS, from data provided by NORES and the Greater Tulsa Association of REALTORS® for the period from September 25, 2015 through December 25, 2015.

Area covered includes single-family houses located between I-244 and I-44 from River Parks to Sheridan.

If you want to see specific market share information for your midtown Tulsa neighborhood or subdivision, contact Debbie Solano at 918-724-8201.

Information is deemed reliable, but not guaranteed. Does not reflect all market activity.

Tulsa Real Estate Market Inventory Analysis

Tulsa Real Estate Market Statistics: December 2015 Inventory Analysis for the Tulsa MLS — Report dated January 13, 2016.

The following statistics are for the Area delimited by the following Northeast Oklahoma counties:

  • Creek County
  • Okmulgee County
  • Osage County
  • Pawnee County
  • Rogers County
  • Tulsa County
  • Wagoner County

http://midtowntulsarealestate.net/wp-content/uploads/2016/01/Dec2016MSAAverage.pdf

If you want to see specific market share information for your midtown Tulsa neighborhood or subdivision, contact Debbie Solano at 918-724-8201.

Get Shortlink: http://midtowntulsarealestate.net/?p=841
________________________________________________________________________
Debbie Solano is an Accredited Land Consultant and Certified Residential Specialist with a Broker-Associate license which hangs at the Midtown Tulsa office of Coldwell Banker Select REALTORS®. She would enjoy your feedback or questions. She can be reached at 918-724-8201 or dsolano@cbTulsa.com.

Copyright © 2015 by Deborah M. Solano — ALL RIGHTS RESERVED — Midtown Tulsa Real Estate — Midtown Tulsa Real Estate Market Statistics: December 2015

Midtown Tulsa Real Estate Sales Statistics for Homes Sold by Price Point

(for the three-month period from August 25 to November 25, 2015)

Overall Average

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Square Footage: 1,867
Average List Price: $258,108
Average Sales Price Per Square Foot: $109.24
Average Cumulative Days on Market: 56
Months Supply of Homes: 2.93
Odds of Selling in 90 Days: 34%

Up to $100,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Square Footage: 1,214
Average List Price: $75,678
Average Sales Price Per Square Foot: $61.84
Average Cumulative Days on Market: 63
Months Supply of Homes: 1.68
Odds of Selling in 90 Days: 40%

$100,000 to $150,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 1
Average Square Footage: 1,395
Average List Price: $128,874
Average Sales Price Per Square Foot: $92.67
Average Cumulative Days on Market: 50
Months Supply of Homes: 1.90
Odds of Selling in 90 Days: 44%

$150,000 to $250,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Square Footage: 1,733
Average List Price: $199,671
Average Sales Price Per Square Foot: $112.96
Average Cumulative Days on Market: 50
Months Supply of Homes: 2.25
Odds of Selling in 90 Days: 38%

$250,000 to $350,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Square Footage: 1,873
Average List Price: $306,339
Average Sales Price Per Square Foot: $150.07
Average Cumulative Days on Market: 33
Months Supply of Homes: 2.68
Odds of Selling in 90 Days: 33%

$350,000 to $450,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 3
Average Square Footage: 2,564
Average List Price: $389,106
Average Sales Price Per Square Foot: $157.62
Average Cumulative Days on Market: 81
Months Supply of Homes: 5.50
Odds of Selling in 90 Days: 24%

$450,000 to $600,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 3
Average Square Footage: 3,338
Average List Price: $575,792
Average Sales Price Per Square Foot: $172.64
Average Cumulative Days on Market: 94
Months Supply of Homes: 8.25
Odds of Selling in 90 Days: 17%

$600,000 to $800,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 4
Average Square Footage: 3,438
Average List Price: $715,625
Average Sales Price Per Square Foot: $190.07
Average Cumulative Days on Market: 70
Months Supply of Homes: 8.25
Odds of Selling in 90 Days: 20%

$800,000 to $1,200,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 5
Average Square Footage: 4,793
Average List Price: $1,071,444
Average Sales Price Per Square Foot: $209.96
Average Cumulative Days on Market: 77
Months Supply of Homes: 7.67
Odds of Selling in 90 Days: 18%

Above $1,200,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 7
Average Square Footage: 10,123
Average List Price: $3,080,000
Average Sales Price Per Square Foot: $276.17
Average Cumulative Days on Market: 52
Months Supply of Homes: 9.75
Odds of Selling in 90 Days: 15%

Statistics compiled by Debbie Solano, ALC, CRS, from data provided by NORES and the Greater Tulsa Association of REALTORS® for the period from August 25, 2015 through November 25, 2015.

Area covered includes single-family houses located between I-244 and I-44 from River Parks to Sheridan.

Information is deemed reliable, but not guaranteed. Does not reflect all market activity.

Get Shortlink: http://midtowntulsarealestate.net/?p=814
________________________________________________________________________
Debbie Solano is an Accredited Land Consultant and Certified Residential Specialist with a Broker-Associate license which hangs at the Midtown Tulsa office of Coldwell Banker Select REALTORS®. She would enjoy your feedback or questions. She can be reached at 918-724-8201 or dsolano@cbTulsa.com.

Copyright © 2015 by Deborah M. Solano — ALL RIGHTS RESERVED — Midtown Tulsa Real Estate — Midtown Tulsa Real Estate Market Statistics: November 2015

Midtown Tulsa Real Estate Sales Statistics for Homes Sold by Price Point

(for the three-month period from July 25 to October 25, 2015)

Overall Average

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Square Footage: 1,946
Average List Price: $275,246
Average Sales Price Per Square Foot: $111.52
Average Cumulative Days on Market: 54
Months Supply of Homes: 2.93
Odds of Selling in 90 Days: 34%

Up to $100,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 1
Average Square Footage: 1,218
Average List Price: $77,835
Average Sales Price Per Square Foot: $63.71
Average Cumulative Days on Market: 45
Months Supply of Homes: 2.07
Odds of Selling in 90 Days: 33%

$100,000 to $150,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Square Footage: 1,437
Average List Price: $128,222
Average Sales Price Per Square Foot: $90.81
Average Cumulative Days on Market: 55
Months Supply of Homes: 2.22
Odds of Selling in 90 Days: 43%

$150,000 to $250,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Square Footage: 1,748
Average List Price: $202,746
Average Sales Price Per Square Foot: $112.09
Average Cumulative Days on Market: 49
Months Supply of Homes: 2.46
Odds of Selling in 90 Days: 38%

$250,000 to $350,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Square Footage: 2,013
Average List Price: $311,379
Average Sales Price Per Square Foot: $142.17
Average Cumulative Days on Market: 48
Months Supply of Homes: 1.64
Odds of Selling in 90 Days: 44%

$350,000 to $450,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 3
Average Square Footage: 2,572
Average List Price: $389,118
Average Sales Price Per Square Foot: $153.49
Average Cumulative Days on Market: 38
Months Supply of Homes: 5.47
Odds of Selling in 90 Days: 24%

$450,000 to $600,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 3
Average Square Footage: 3,107
Average List Price: $565,816
Average Sales Price Per Square Foot: $172.42
Average Cumulative Days on Market: 85
Months Supply of Homes: 5.68
Odds of Selling in 90 Days: 26%

$600,000 to $800,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 4
Average Square Footage: 3,504
Average List Price: $685,227
Average Sales Price Per Square Foot: $182.85
Average Cumulative Days on Market: 71
Months Supply of Homes: 6.00
Odds of Selling in 90 Days: 24%

$800,000 to $1,200,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 5
Average Square Footage: 4,618
Average List Price: $1,012,429
Average Sales Price Per Square Foot: $204.95
Average Cumulative Days on Market: 139
Months Supply of Homes: 9.43
Odds of Selling in 90 Days: 15%

Above $1,200,000

Average Number of Bedrooms: 5
Average Number of Full Bathrooms: 8
Average Square Footage: 10,098
Average List Price: $3,107,000
Average Sales Price Per Square Foot: $278.38
Average Cumulative Days on Market: 89
Months Supply of Homes: 8.4
Odds of Selling in 90 Days: 17%

Statistics compiled by Debbie Solano, ALC, CRS, from data provided by NORES and the Greater Tulsa Association of REALTORS® for the period from July 25, 2015 through October 25, 2015.

Area covered includes single-family houses located between I-244 and I-44 from River Parks to Sheridan.

Information is deemed reliable, but not guaranteed. Does not reflect all market activity.

Get Shortlink: http://midtowntulsarealestate.net/?p=798
________________________________________________________________________
Debbie Solano is an Accredited Land Consultant and Certified Residential Specialist with a Broker-Associate license which hangs at the Midtown Tulsa office of Coldwell Banker Select REALTORS®. She would enjoy your feedback or questions. She can be reached at 918-724-8201 or dsolano@cbTulsa.com.

Copyright © 2015 by Deborah M. Solano — ALL RIGHTS RESERVED — Midtown Tulsa Real Estate — Midtown Tulsa Real Estate Market Statistics: October 2015

Midtown Tulsa Real Estate Sales Statistics for Homes Sold by Price Point

(for the three-month period from June 25 to September 25, 2015)

Overall Average

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Square Footage: 1,868
Average List Price: $259,810
Average Sales Price Per Square Foot: $111.88
Average Cumulative Days on Market: 60
Months Supply of Homes: 2.82
Odds of Selling in 90 Days: 36%

Up to $100,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 1
Average Square Footage: 1,191
Average List Price: $77,413
Average Sales Price Per Square Foot: $61.79
Average Cumulative Days on Market: 65
Months Supply of Homes: 2.17
Odds of Selling in 90 Days: 36%

$100,000 to $150,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Square Footage: 1,442
Average List Price: $126,182
Average Sales Price Per Square Foot: $88.17
Average Cumulative Days on Market: 64
Months Supply of Homes: 2.15
Odds of Selling in 90 Days: 41%

$150,000 to $250,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Square Footage: 1,646
Average List Price: $195,978
Average Sales Price Per Square Foot: $117.31
Average Cumulative Days on Market: 36
Months Supply of Homes: 2.19
Odds of Selling in 90 Days: 38%

$250,000 to $350,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Square Footage: 2,011
Average List Price: $306,655
Average Sales Price Per Square Foot: $138.61
Average Cumulative Days on Market: 50
Months Supply of Homes: 1.79
Odds of Selling in 90 Days: 48%

$350,000 to $450,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 3
Average Square Footage: 2,676
Average List Price: $397,828
Average Sales Price Per Square Foot: $147.45
Average Cumulative Days on Market: 53
Months Supply of Homes: 5.50
Odds of Selling in 90 Days: 23%

$450,000 to $600,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 3
Average Square Footage: 2,768
Average List Price: $534,274
Average Sales Price Per Square Foot: $172.19
Average Cumulative Days on Market: 95
Months Supply of Homes: 4.33
Odds of Selling in 90 Days: 36%

$600,000 to $800,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 4
Average Square Footage: 3,420
Average List Price: $684,160
Average Sales Price Per Square Foot: $187.24
Average Cumulative Days on Market: 46
Months Supply of Homes: 6.43
Odds of Selling in 90 Days: 22%

$800,000 to $1,200,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 4
Average Square Footage: 4,344
Average List Price: $1,026,000
Average Sales Price Per Square Foot: $204.14
Average Cumulative Days on Market: 159
Months Supply of Homes: 5.50
Odds of Selling in 90 Days: 24%

Above $1,200,000

Average Number of Bedrooms: 5
Average Number of Full Bathrooms: 9
Average Square Footage: 7,725
Average List Price: $2,457,500
Average Sales Price Per Square Foot: $293.15
Average Cumulative Days on Market: 122
Months Supply of Homes: 22.5
Odds of Selling in 90 Days: 7%

Statistics compiled by Debbie Solano, ALC, CRS, from data provided by NORES and the Greater Tulsa Association of REALTORS® for the period from June 25, 2015 through September 25, 2015.

Area covered includes single-family houses located between I-244 and I-44 from River Parks to Sheridan.

Information is deemed reliable, but not guaranteed. Does not reflect all market activity.

Get Shortlink: http://midtowntulsarealestate.net/?p=782
________________________________________________________________________
Debbie Solano is an Accredited Land Consultant and Certified Residential Specialist with a Broker-Associate license which hangs at the Midtown Tulsa office of Coldwell Banker Select REALTORS®. She would enjoy your feedback or questions. She can be reached at 918-724-8201 or dsolano@cbTulsa.com.

Copyright © 2015 by Deborah M. Solano — ALL RIGHTS RESERVED — Midtown Tulsa Real Estate — Midtown Tulsa Real Estate Market Statistics: September 2015

Midtown Tulsa Real Estate Sales Statistics for Homes Sold by Price Point

(for the three-month period from May 23 to August 23, 2015)

Overall Average

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Square Footage: 1,860
Average List Price: $263,565
Average Sales Price Per Square Foot: $110.85
Average Cumulative Days on Market: 61
Months Supply of Homes: 2.52
Odds of Selling in 90 Days: 38%

Up to $100,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 1
Average Square Footage: 1,196
Average List Price: $76,809
Average Sales Price Per Square Foot: $61.33
Average Cumulative Days on Market: 63
Months Supply of Homes: 1.63
Odds of Selling in 90 Days: 42%

$100,000 to $150,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Square Footage: 1,417
Average List Price: $125,428
Average Sales Price Per Square Foot: $88.88
Average Cumulative Days on Market: 61
Months Supply of Homes: 2.26
Odds of Selling in 90 Days: 37%

$150,000 to $250,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Square Footage: 1,662
Average List Price: $197,228
Average Sales Price Per Square Foot: $117.20
Average Cumulative Days on Market: 38
Months Supply of Homes: 2.00
Odds of Selling in 90 Days: 43%

$250,000 to $350,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Square Footage: 2,002
Average List Price: $308,807
Average Sales Price Per Square Foot: $135.26
Average Cumulative Days on Market: 44
Months Supply of Homes: 1.74
Odds of Selling in 90 Days: 43%

$350,000 to $450,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 3
Average Square Footage: 2,505
Average List Price: $405,173
Average Sales Price Per Square Foot: $153.98
Average Cumulative Days on Market: 51
Months Supply of Homes: 3.12
Odds of Selling in 90 Days: 35%

$450,000 to $600,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 3
Average Square Footage: 2,772
Average List Price: $532,772
Average Sales Price Per Square Foot: $163.96
Average Cumulative Days on Market: 93
Months Supply of Homes: 3.10
Odds of Selling in 90 Days: 42%

$600,000 to $800,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 4
Average Square Footage: 3,763
Average List Price: $691,993
Average Sales Price Per Square Foot: $182.24
Average Cumulative Days on Market: 71
Months Supply of Homes: 5.79
Odds of Selling in 90 Days: 25%

$800,000 to $1,200,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 4
Average Square Footage: 4,330
Average List Price: $989,385
Average Sales Price Per Square Foot: $204.20
Average Cumulative Days on Market: 156
Months Supply of Homes: 5.54
Odds of Selling in 90 Days: 29%

Above $1,200,000

Average Number of Bedrooms: 5
Average Number of Full Bathrooms: 7
Average Square Footage: 5,150
Average List Price: $2,263,333
Average Sales Price Per Square Foot: $293.15
Average Cumulative Days on Market: 86
Months Supply of Homes: 14.00
Odds of Selling in 90 Days: 12%

Statistics compiled by Debbie Solano, ALC, CRS, from data provided by NORES and the Greater Tulsa Association of REALTORS® for the period from May 23, 2015 through August 23, 2015.

Area covered includes single-family houses located between I-244 and I-44 from River Parks to Sheridan.

Information is deemed reliable, but not guaranteed. Does not reflect all market activity.

Get Shortlink: http://midtowntulsarealestate.net/?p=766
________________________________________________________________________
Debbie Solano is an Accredited Land Consultant and Certified Residential Specialist with a Broker-Associate license which hangs at the Midtown Tulsa office of Coldwell Banker Select REALTORS®. She would enjoy your feedback or questions. She can be reached at 918-724-8201 or dsolano@cbTulsa.com.

Copyright © 2015 by Deborah M. Solano — ALL RIGHTS RESERVED — Midtown Tulsa Real Estate — Midtown Tulsa Real Estate Market Statistics: August 2015

The real estate market is hot in Midtown Tulsa. In fact, you can safely say we are in a seller’s market. What exactly does that mean?

A six-month supply of homes is considered to be a stable market; seven or more is considered to be a buyers’ market; and below six months is considered to be a seller’s market.

Where is Midtown Tulsa? For our purpose, let’s define Midtown very broadly from Downtown to Sheridan and from I-244 south to I-44. That gives us a polygon like the one found at http://midtowntulsarealestate.net/search-mls-for-property-in-midtown-tulsa/. This includes homes of every size at every price point.

When we look at Midtown for the past three months there is a 2.7-month supply of single-family houses.

The market has actually sped up. Over the past two years the market has had a 3.2-month supply of homes. If no other homes were to enter the market, it would only take 3 months to sell every house that is for sale.

However, not every house sells. There are only a certain number of houses that are going to sell in any given market in any period.

Some homes fail to sell. When new inventory arrives they don’t have a chance because they lose the beauty contest or are overpriced.

Buyers are constantly shopping for the best value their money can buy. The best homes in the market are shown immediately and multiple offers are frequently being made on the cream puffs at the best price for their floor plan and location. These homes sell fast.

Is your price compelling? Even in a seller’s market, it is the buyers who are the experts with regard to which homes sell. They know quickly whether a home is priced right.

Your real estate advisor can help you position your home to win the beauty contest and be the best value for the money. If your home doesn’t sell quickly, it may be overpriced and in need of a price adjustment.
What are the odds of your home selling in the next 90 days?

On average, of the 328 homes currently on the market in Midtown Tulsa, there is a 38% chance of selling within 90 days. However, the odds of selling vary among price points from neighborhood to neighborhood.

As a seller, you cannot change the location of your home or its floor plan. However, you can change your home’s condition and its position in the market. You are in control.

Midtown Tulsa Real Estate Sales Statistics by Price Point

(for the three-month period from April 24 to July 24, 2015)

Up to $100,000

Average Number of Bedrooms: 2
Average Number of Full Bathrooms: 1
Average Square Footage: 1,141
Average List Price: $73,995
Average Sales Price Per Square Foot: $60.64
Average Cumulative Days on Market: 82
Months Supply of Homes: 2.05
Odds of Selling in 90 Days: 43%

$100,000 to $150,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 1
Average Square Footage: 1,333
Average List Price: $126,259
Average Sales Price Per Square Foot: $92.90
Average Cumulative Days on Market: 59
Months Supply of Homes: 2.41
Odds of Selling in 90 Days: 38%

$150,000 to $250,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Square Footage: 1,692
Average List Price: $201,948
Average Sales Price Per Square Foot: $118.40
Average Cumulative Days on Market: 57
Months Supply of Homes: 2.26
Odds of Selling in 90 Days: 42%

$250,000 to $350,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Square Footage: 2,050
Average List Price: $306,407
Average Sales Price Per Square Foot: $138.29
Average Cumulative Days on Market: 68
Months Supply of Homes: 2.09
Odds of Selling in 90 Days: 41%

$350,000 to $450,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 3
Average Square Footage: 2,493
Average List Price: $404,552
Average Sales Price Per Square Foot: $154.90
Average Cumulative Days on Market: 70
Months Supply of Homes: 2.61
Odds of Selling in 90 Days: 40%

$450,000 to $600,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 3
Average Square Footage: 2,700
Average List Price: $522,671
Average Sales Price Per Square Foot: $161.03
Average Cumulative Days on Market: 70
Months Supply of Homes: 2.89
Odds of Selling in 90 Days: 41%

$600,000 to $800,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 4
Average Square Footage: 3,750
Average List Price: $707,270
Average Sales Price Per Square Foot: $184.54
Average Cumulative Days on Market: 137
Months Supply of Homes: 5.2
Odds of Selling in 90 Days: 28%

$800,000 to $1,200,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 3
Average Square Footage: 4,262
Average List Price: $991,000
Average Sales Price Per Square Foot: $204.55
Average Cumulative Days on Market: 135
Months Supply of Homes: 6.5
Odds of Selling in 90 Days: 24%

Above $1,200,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 4
Average Square Footage: 2,996
Average List Price: $1,697,500
Average Sales Price Per Square Foot: $253.71
Average Cumulative Days on Market: 49
Months Supply of Homes: 4.0
Odds of Selling in 90 Days: 24%

Statistics compiled by Debbie Solano, ALC, CRS, from data provided by NORES and the Greater Tulsa Association of REALTORS® for the period from April 24, 2015 through July 24, 2015.

Area covered includes single-family houses located between I-244 and I-44 from River Parks to Sheridan.

Information is deemed reliable, but not guaranteed. Does not reflect all market activity.

Get Shortlink: http://midtowntulsarealestate.net/?p=738
________________________________________________________________________
Debbie Solano is an Accredited Land Consultant and Certified Residential Specialist with a Broker-Associate license which hangs at the Midtown Tulsa office of Coldwell Banker Select REALTORS®. She would enjoy your feedback or questions. She can be reached at 918-724-8201 or dsolano@cbTulsa.com.

Copyright © 2015 by Deborah M. Solano — ALL RIGHTS RESERVED — Midtown Tulsa Real Estate — Midtown Tulsa Real Estate Market Statistics: July 2015