From the monthly archives: "February 2016"

Midtown Tulsa Real Estate Market Statistics: February 2016

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Here are the market statistics for the three-month period from November 25, 2015 to February 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 November 25, 2015 to February 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: 1948
Average Square Footage (heated space): 1,795
Average Acreage: 0.23
Average List Price: $222,414.00
Average List Price Per Square Foot: $123.91
Average Sales Price: $215,669.00
Average Sales Price Per Square Foot: $120.15
Average Sales Price to List Price Ratio: 96.86%
Average Cumulative Days on Market: 58
Months Supply of Homes: 4.16
Odds of Selling in 90 Days: 36.70%

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): 1,220
Average Acreage: 0.19
Average List Price: $75,672.00
Average List Price Per Square Foot: $62.03
Average Sales Price: $72,427.00
Average Sales Price Per Square Foot: $59.37
Average Sales Price to List Price Ratio: 95.50%
Average Cumulative Days on Market: 38
Months Supply of Homes: 2.65
Odds of Selling in 90 Days: 36.62%

$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): 1,380
Average Acreage: 0.19
Average List Price: $126,678.00
Average List Price Per Square Foot: $91.80
Average Sales Price: $123,406.00
Average Sales Price Per Square Foot: $89.42
Average Sales Price to List Price Ratio: 97.54%
Average Cumulative Days on Market: 57
Months Supply of Homes: 3.13
Odds of Selling in 90 Days: 30.13%

$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: 1944
Average Square Footage (heated space): 1,747
Average Acreage: 0.22
Average List Price: $207,760.00
Average List Price Per Square Foot: $118.92
Average Sales Price: $198,886.00
Average Sales Price Per Square Foot: $113.84
Average Sales Price to List Price Ratio: 96.45%
Average Cumulative Days on Market: 43
Months Supply of Homes: 3.13
Odds of Selling in 90 Days: 32.37%

$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): 2,182
Average Acreage: 0.23
Average List Price: $300,939.00
Average List Price Per Square Foot: $137.92
Average Sales Price: $289,058.00
Average Sales Price Per Square Foot: $132.47
Average Sales Price to List Price Ratio: 97.29%
Average Cumulative Days on Market: 74
Months Supply of Homes: 2.81
Odds of Selling in 90 Days: 34.44%

$350,000 to $450,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 1
Average Number of Garage Spaces: 2
Median Year Built: 1950
Average Square Footage (heated space): 2,865
Average Acreage: 0.25
Average List Price: $419,725.00
Average List Price Per Square Foot: $146.50
Average Sales Price: $405,335.00
Average Sales Price Per Square Foot: $141.48
Average Sales Price to List Price Ratio: 96.70%
Average Cumulative Days on Market: 75
Months Supply of Homes: 8.50
Odds of Selling in 90 Days: 15.79%

$450,000 to $600,000

Average Number of Bedrooms: 3
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): 3,074
Average Acreage: .35
Average List Price: $535,692.00
Average List Price Per Square Foot: $174.27
Average Sales Price: $514,483.00
Average Sales Price Per Square Foot: $167.37
Average Sales Price to List Price Ratio: 96.08%
Average Cumulative Days on Market: 104
Months Supply of Homes: 4.75
Odds of Selling in 90 Days: 20.34%

$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: 1953
Average Square Footage (heated space): 3,856
Average Acreage: 0.27
Average List Price: $690,625.00
Average List Price Per Square Foot: $179.10
Average Sales Price: $661,000.00
Average Sales Price Per Square Foot: $171.42
Average Sales Price to List Price Ratio: 95.84%
Average Cumulative Days on Market: 87
Months Supply of Homes: 20.25
Odds of Selling in 90 Days: 6.90%

$800,000 to $1,200,000

Average Number of Bedrooms: 5
Average Number of Full Bathrooms: 4
Average Number of Half Bathrooms: 2
Average Number of Garage Spaces: 3
Median Year Built: 1980
Average Square Footage (heated space): 6,415
Average Acreage: 1.01
Average List Price: $1,062,250
Average List Price Per Square Foot: $165.59
Average Sales Price: $945,000.00
Average Sales Price Per Square Foot: $147.31
Average Sales Price to List Price Ratio: 89.88%
Average Cumulative Days on Market: 168
Months Supply of Homes: 17.25
Odds of Selling in 90 Days: 10.53%

Above $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: 1930
Average Square Footage (heated space): 5,980
Average Acreage: 1.43
Average List Price: $1,950,000.00
Average List Price Per Square Foot: $326.09
Average Sales Price: $2,390,400.00
Average Sales Price Per Square Foot: $399.73
Average Sales Price to List Price Ratio: 122.58%
Average Cumulative Days on Market: 102
Months Supply of Homes: 42.00
Odds of Selling in 90 Days: 4.55%

Statistics compiled by Debbie Solano, ALC, CRS, from data provided by NORES and the Greater Tulsa Association of REALTORS® for the period from November 25, 2015 through February 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=971
________________________________________________________________________
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: February 2016

01-2016_msaaverage

Tulsa Real Estate Market Statistics: January 2016 Inventory Analysis for the Tulsa MLS

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Tulsa Real Estate Market Statistics: January 2016 Inventory Analysis for the Tulsa MLS — Report dated February 15, 2016.

Tulsa Real Estate Market Inventory Analysis

01-2016_msaaverage

Tulsa Real Estate Market Inventory Analysis for the Tulsa MLS during January 2016 indicates the market is shifting again.

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 January 31, 2016 = 5,351

Closed Listings: 768 (down 1.03% below a year ago)

Pending Listings: 1,083 (up 5.35% over a year ago)

New Listings: 1,865 (down 11.44% below a year ago)

Average List Price: $177,161 (up 0.84% above a year ago)

Average Sale Price: $172,482 (up 1.84% above a year ago)

Average Percent of List Price to Selling Price: 97.44% (down 0.29% below a year ago)

Average Days on Market to Sale: 51.54 days (down 11.84% below a year ago)

End of Month Inventory: 5,351 (down 6.70% below a year ago)

Months Supply of Inventory: 4.73 months (down 7.52% below a year ago)

Analysis Wrap Up

Months Supply of Inventory (MSI) Decreases

The total housing inventory at the end of January 2016 decreased 6.70% to 5,351 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 4.73 MSI for this period.

Average Sale Prices Going Up

According to the preliminary trends, this market area has experienced some upward momentum with the increase of Average Price this month. Prices went up 1.84% in January 2016 compared to $172,482 versus the previous year at $169,363.

Average Days on Market Shortens

The average number of 51.54 days that homes spent on the market before selling decreased by 6.92 days or 11.84% in January 2016 compared to last year’s same month at 58.46 DOM.

Sales Success for January 2016 is Positive

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

There were 1,865 New Listings in January 2016, down 11.44% from last year at 2,106. Furthermore, there were 768 Closed Listings this month versus last year at 776, a -1.03% decrease.

Closed versus Listed trends yielded a 41.2% ratio, up from last year’s January 2016 at 36.8%, a 11.76% 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: January 2016 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=944
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Copyright© 2016 by Debbie Solano — ALL RIGHTS RESERVED — Midtown Tulsa Real Estate — Tulsa Real Estate Market Statistics: January 2016 Inventory Analysis for the Tulsa MLS