Oklahoma is No.1 recesssion proof city! (Yukon and Mustang, OK housing market statistics)

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.

	YUKON	MUSTANG
Report Period	10-01-2007 to 12-31-2007	10-01-2007 to 12-31-2007
Units Sold	109	176
Average List Price	$149,360	$166,588
Average Sale Price	$145,571	$163.780

Source: MLS Gateway

	YUKON	MUSTANG
Report Period	01-01-2008 to 03-31-2008	01-01-2008 to 03-31-2008
Units Sold	107	183
Average List Price	$153,141	$159,808
Average Sale Price	$146,928	$142,901

Source: MLS Gateway

	YUKON	MUSTANG
Report Period	04-01-2008 to 06-16-2008	04-01-2008 to 06-16-2008
Units Sold	106	186
Average List Price	$147,747	$156,561
Average Sale Price	$146,241	$153,687

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

Posted Monday Jun 16

(06/16/08 09:59PM) — Joan Whitebook, ABR, e-Pro, CEBA

Hi -- I read that article and sent it to my brother who lives in Tulsa. Oklahoma has suffered a lot of downturns with the oil industry - and many companies moving away -- what do you think is making Okla recession proof?

(06/16/08 10:15PM) — Bo Kociuba

Hi Joan,

thank you for you comment...Yes, we had our share of downturns, especially during the "oil bust" in the 80's (Savings & Loans scandal). People were loosing their houses, life savings, and market was absolutely saturated with foreclosures.

Todays market is nothing like that. There is a lot of companies coming to grow with Oklahoma - Chesapeake, Devon, Dell, Boening etc not mentioning that we attract a lot of top notch medical research. Since oil bust our market is very diversified; attracting major retailers, manufacturers and turism.

Forbes magazine writes: "Oklahoma City, Okla. With falling unemployment, one of the country's strongest housing markets, and solid growth in agriculture, energy and manufacturing, it looks best positioned among the nation's largest metropolitan areas to ride out the current crisis."

It is a Good Thing to be in Oklahoma!