Yukon, OK

One of Yukon Oklahoma's best kept secrets, is the Meadows at Surrey Hills. The Meadows, is a quiet community at affordable pricing. There are several builders and lots to choose from. You can ride your golf cart to the nearby Surrey Hills Golf Course. The commons area has a large club house, and soon the swimming pool will be complete. Also Surrey Hills Elementary is close, and shopping is just minutes away on the N.W. Expressway. Access to all parts of the city is available via the Kilpatrick Turnpike that is just down the street off of Hefner.

Yukon, Oklahoma is a suburb of OKC just north of Yukon. This city of about 42,000 is also the hometown of country music legend Garth Brooks, and in October hosts a wonderful Czech festival--love those kolaches.

July home sales were down slightly but still pretty strong.....

JULY 2008

UNITS SOLD: 89

AVG PRICE: $140,554

MEDIAN PRICE: $130,000

JULY 2007

UNITS SOLD: 100

AVG PRICE: $144,770

MEDIAN PRICE: $133,850

There are currently 422 active listings in Yukon.

Good Thing You're in Oklahoma! It is true that Oklahoma is No.1 recesssion proof city (Source:Forbes magazine). Just look at the numbers which I put together to see yourself how stable the housing market is here. I researched Yukon and Mustang, OK only because these are "my markets". It is clear that stability is obvious.

In my previous article Become a home owner NOW! Don't wait for better rates! I talked about the changes in rates and house prices and how they affect the total monthly payments. There is no advantage in waiting for a better deal. With the rates going up the consumer is actually getting hurt by media speculations.

These are statistics for the last full quarters and "almost full" current quarter. I will post numbers for a full quarter once we get to end of the month.

Till next time.

Bo Kociuba, Realtor

You have a friend in Real Estate Business. I listen, work, research and DELIVER!

Visit my website: www.BestOklahomaHomes.com

Become a new home owner NOW! Don't wait any longer .... just read and decide for yourself. Lots of buyers or wannabe buyers are waiting on the sidelines for the rates to fall even more. Did they hit bottom yet? Should I wait? Or should I act? People are waiting .... scared, second guessing, afraid to make a mistake of throwing their money away or missing on BIG SAVINGS opportunity on forclosures, bargain houses, better rates etc.

What do you think about rates? Will they fall or will they rise? No one has that proverbial crystal ball to see what the future will bring - neither bankers nor speculators.

This is a fact: the mortgage rates are at the record low and have been for some time. Mass media provide us with grim perspective of real estate market on the daily basis. Urrggghhhh! All of this scare is measured with the same stick, so to speak, and we all know you cannot apply same criteria to the whole nation. Real estate is very local. Economic circumstances, house prices, cost of living etc differs greatly from region to region.

Here in Oklahoma we have a very strong economy and very stable housing market. Just recently Forbes magazine named Oklahoma City America's No.1 Recession Proof city with San Antonio right behind and many other cities. These are prevaling reasons for consumers to mobilize and invest in homeownership now without doubts.

When the market turns, today's bargains will be yesterday's missed opportunities. Any money saved on paying less for a house in a few months time will be offset by higher inerest rates making "playing the waiting game" a waste of time and very little fun.

The table below demonstrates how even as home prices may drop, monthly mortgage payments basically stay the same; due to increased interest rates:

Scenario1:

Prices decrease by 5% and interest rates increase by 0.5%

Scenario2:

Prices decrease by 10% and interest rates increase by 1.0%

I think these two scenarios speak for themselves - you can wait for the possibility that the housing market might drop as much as ten % and interest rate will rise 1% and you have saved a grand total of $1.00 per month or $360.00 of the life of a 30 year loan..

Are you really willing to take this gamble when you could be ENJOYING YOUR NEW HOME NOW!?

Are you ready to become a new home owner? VISIT ME AT www.BestOklahomaHomes.com

It was an absolutely great evening with our friends yesterday!

Just the night before we were told to expect tornadoes, golf ball size hail, severe thunderstorms with destructive winds etc...you get the picture...Being not very fond of such weather, a thought was constantly crossing my mind: will my house survive? will my garden be bombarded to pieces? and so on...With my vivid imagination I saw my place with lots of broken tree limbs, plenty of good ol' Oklahoma mud, floods and me calling all of my friends to cancel "The Party".

All of the "wise" weather gurus were WRONG and thankfully nothing like this happened! The storm with it's "bag of goodies" just passed us by. What a relief! In the end we couldn't ask for a better weather. Perhaps it was a little too muggy but, oh well, this is just a little minor inconvienience.

Lots of friends from Keller Williams came and joined "The Party". We celebrated our biggest profit share month! Our place - Double "B" Estate - is located on the outskirts of Yukon in the pictorescque setting. Log cabin nestled in old pecan orchard and adjoined by pasture for horses. It is so beautiful, comfortable and relaxing that we feel like we vacation every day. Jokes, great conversation, roasted wieners and potatoes were served. Oh, and I shouldn't forget about a few "improved drinks".

Thank you all for your hard work! We enjoyed the time spent together. Let us have more of biggest profit share months - we need to repeat "The Party"....

Love you all,

Bo and Buster