Hello, & Thank You for visiting Localism. This is your January Market Report for North Central Oklahoma posted by Steve Hermann, Your Ponca City REALTOR. Statistics are collected from the NCBOR MLS System.
For January of 2008 there are 175 properties ACTIVE on the Market. The average price of these active listings is $107,284. The median price of these active properties is $86900. The Average Days on Market(DOM) is 117.
There are currently 46 homes UNDER CONTRACT. The average price is $109,084 and the median price is $86,000. The average DOM is 87.
In january of 2008 13 homes were scheduled to close. The average price was $71,638 and the median price was $61,000. The average DOM was 165.
The absorption rate in January is a high 13.5. This means that at the rate homes sold in January, there is enough inventory to last 13.5 months. This number represents a "buyers market".
If you need any assistance, or information pertaining to real estate in North Central Oklahoma, please contact me @ 580-763-4853 or email me at stevehermann@cableone.net.
On a cool Saturday morning in November, I set off with my 2 year-old son and my 6 year-old daughter for a fun-filled day with Dad; the Ponca City Aviation Booster Club Fly-in Breakfast & an Estate Auction.
I know what your thinkin'. "Oh Boy, is he a glutton for punishment". But I'll never forget the looks in their eyes when we pulled up and saw all of those planes and the pure excitement in their step as they began, immediately, to run, and jump, and scream, "look at the planes, the planes, the planes!". Well, even if you don't have children, it is quite a site to see.
On that day, we quickly walked from antique Cessna, to homebuilt, to unique old war-birds because they just couldn't miss one before it flew off into the sky. I estimate about 40-50 planes, but I've heard when its warm their can be up to 100-150.
The public is free to browse the old planes from about 6:30am to 10:30am until they all fly out. Why do all these people fly in the first Saturday of every month you might ask? It's their hobby! And one great all you can eat breakfast! The booster club cooks up a great breakfast that's only $5 for adults and $3 for children. Pancakes, eggs, biscuits & gravy, sausage, bacon, fruit, and drinks. You can eat until your little puppy stomach bulges out of your waistband. Then if you are still hungry when all the planes are gone, don't forget the infamous Enriques Mexican restaurant located in the airport terminal. This great food is another thing people write about, http://www.swaviator.com/html/issueSO02/Restaurant91002.html .
And this is my first episode of my favorite events in Ponca City! Check this one out, you won't regret it!
The Ponca City area is rich in tradition and heritage. A beautiful oasis in the heart of America. Wonderful places to see and family fun events all year round. For information on Ponca City and the surrounding communities, start with the Ponca City Chamber of Commerce website or call Steve Hermann, your Ponca City Real Estate Expert 763-4853. http://www.poncacitychamber.com/main.html
Hello everyone! Here is your December/January Market Report for North Central Oklahoma from your Ponca City Real Estate Expert, STEVE HERMANN. Information gathered from NCBOR MLS.
In December, total volume of sales in the area totaled 3.3 million, with 31 closings at 94.6% of list price. Average price for those 31 closings is about $106,000. The Average Days on Market was 146.
The Absorption rate is 181 current listings divided by 31 sales equals 5.8 months, which is a very normal and reasonable rate. Supply and demand is stable.
Current inventory in January is 181 homes at a value of 19 million. Average price is $105,000 and the Average Days On Market is 110.
In Summary, the Ponca City area market continues to buck the National trend as average sales price is stable, absorption rate is normal. Average days on market has been extended slightly, but the winter months and national media subrime scare could be the cause.
As usual the Heart of America is a great value when buying real estate. Happy January, everyone.
Your Ponca City Real Estate Expert! Committed to giving my customers the personal attention and professional service they deserve!
Hello! My Name is Steve Hermann, and I am a REALTOR Associate with Coldwell Banker, Heritage REALTORS in Ponca City, Oklahoma. Our office serves the cities of North Central Oklahoma including Ponca City, Tonkawa, Newkirk, & Blackwell, and surrounding rural areas.
I was born and raised in St. Louis, MO (Yes, with the Cardinals in my heart) and attended College in Springfield at Missouri State University, home of the BEARS. I hold a B.S.E in Physical Education/Health. My teaching and Coaching Career led me to Ponca City,Oklahoma where I was a High School Teacher & Soccer Coach for 11 years.
I have now been in Real Estate for 3 years and love every minute of it.
If you are relocating to Ponca City or already here, I look forward to helping everyone find the home, farm, or commercial property of their desire.
REALTORS, I promise to treat all referrals like family!
If you just want to talk REAL ESTATE( or soccer/my first love), I'm good for that too!
Look forward to hearing from you!
As our market only consists of approximately 60,000 residents I must make everything my expertise.
I prefer:
First Time Home Buyers: The look on their faces, when they step into their first home is priceless!
Luxury Homes: I always feel like Robin Leach!
Corporate Transfers & Persons Relocating: I love to show these customers around town and brag about Ponca City. It really has a lot to offer.
Investor's: They know what they want, and they know what they'll pay.
My local business & social network: People like someone they can trust.
Land, Land, Land: They are not making any more of it!
From the beginning we recognized Steven to be honest and fair-minded and very energetic concerning the home we bought, as well as very knowledgeable about real estate. Steven is always available when we have questions or concerns. He always keeps us informed as to what is going on and we appreciate this. I would recommend this realtor to anyone seeking to buy or sell a home. Thomas H. and Diane A Smith
I was looking for a REALTOR who would be honest with me and help sell my father's home. Coldwell Banker Heritage REALTORS came highly recommended. Steve stepped up to the plate---then over the next few weeks, he proved to be very professional, given to detail, and handled the paperwork down to the last line. So, if your looking for someone to help make the difference, then your looking for Steve. -Mickey Baldwin
Steve conducted a lengthy home search on our behalf. He listened to our needs, sent us numerous listings for our review and followed up on our questions and concerns. When we found our house, Steve coordinated all of our home inspections and professionally represented us. We were living out-of -state at the time of the home purchase. -Chris and Mert Martens
In my mind you did an excellent job and consistently went above and beyond the call of duty to sell my home. I can't thank you enough for everything you did. -Susan Reese
Steve was very knowledgeable and helpful in aiding us in selling our home. We truly appreciate his expertise as well as his honesty. -Chad and Maranda Wilson
Steve made a very difficult situation easier for us. We live out of town and had to sell our mother's home in Ponca City. He kept very close touch with us and worked with our schedules. He was very personable, but professional. We appreciate his hard work. -Cecyle & Victor Haley
Steve was always most attentive and knowledgeable. He was there for me after the sale as well, since I had several questions after closing. I will certainly use him again! -Tonya Yates
Steve did a great job being available to us during all aspects of selling our house. He was always prompt, professional and courteous. We recommend him highly. -David & Laura Hunt
This was our first purchase of a home in Oklahoma. Steve was always there for us and kept us informed. He is very knowledgeable about Real Estate and did a great job. We will use Steve in the future as well as recommending his services to others. It isn't often that you meet someone as enthusiastic about there work as Steve. -David & Linda Sullivan
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