About Canadian County, OK

Part 2 of 4

You probably will agree with me that the last few weeks were a little hectic for all of us. But it is time to catch up and get up to speed.

What is happening in real estate nationally is affecting all of us. Markets and economy are in such turmoil. There is a lot of uncertainty and questions about the present and what the future will bring. So far we haven't heard any clear and straight answers. There is lots of brainstorming, debating and finger pointing.

But there is a little of positive news about the housing market in general and not only in Oklahoma. Statistics point us to a conclusion that the housing market has stabilized already. Read my previous (partI) article: Timing and chasing the market - a smart move or is it? This is a piece of news everyone will be glad to hear. Positive and encouraging. Ok, I can hear you say - but all of the headlines, all of the news...Well, guys, negative sensationalism always sells. We are no strangers to it. There is no denying about some builders and markets being in trouble but most the time the reason for this is because of bad business practices and wrong decisions.

The graph below speaks for itself. Markets have already corrected themselves.

Source: Keller Williams Realty

The long-term affordability trend of 4 percent appreciation has been recovered after a five-year period of unsustainable growth (2001 to 2005) followed by a three-year market correction (2006 to 2008).

Last quarter house sales in Yukon and Mustang areas:

Locally, in Yukon and Mustang area the number of houses sold is UP. And they sold for more money that in the previous quarter. Read my article: Yukon and Mustang, OK Housing Market Report for II quarter of 2008 and compare.

So let's stay positive and start investing in real estate. This is THE RIGHT TIME!

Please send your questions or comments to: Bo@Okla-OK.com

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The Meadows at Surrey Hills, Yukon - 11220 N.W. 101st. Street, a 1,950 sq. ft., 2 bath, 3 bdrm single story. Now MLS® $185,250 - Seller helping on closing.

Property information

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.

If you really like coffee, you may have heard about Charlie Bean Coffee in Mustang, OK. Recently, my wife and I took a little trip to Mustang to check it out. Located 1/2 mile E of Mustang Rd. on Hwy 152, you can't help but be impressed when you get there. Charlie Bean is spacious, homey and comfy with leather furnishings and a fireplace for ambience. You will notice the roaster as Charlie Bean roasts the beans themselves giving you the freshest coffee ever. There are numerous blends to choose from--we got a 3-pack (cinnamon sticky bun, English Toffee, and Heavenly Hazlenut). We bought the whole beans--grinding the coffee yourself at home and using a French Press to brew it gives you THE best flavor for your morning caffeine fix at home.

The menu is extensive with a wonderful selection of sandwiches, salads, even pizza for lunch and dinner and of course there is a breakfast menu too. WIFI is also available for those who want a to have a working breakfast or lunch.

It's worth the short drive to Mustang to check it out. You'll be glad you did.