It’s a Great Time to Invest in Tulsa Real Estate!

What a great month is has been for buyers here on the Tulsa, OK real estate market!

After all, the average listing price has gone down as has the average price per square foot. What’s more, the total number of home sales has decreased.

This indicates that it’s a great time to get a good price for a home here in Tulsa – and then turn a nice profit down the road.

If you’ve been on the fence about whether to purchase a home here, continue reading to learn more about the current state of the market.

An Overview of Real Estate Activity in Tulsa

Here’s what every home buyer should know about the current state of the market here in Tulsa:

  • Currently there are 2,057 homes for sale on the market, including hundred that are some stage of the foreclosure process.
  • Between March and June, the average price per square foot for Tulsa homes was $84, down 3.4 percent from the same period a year ago.
  • Also during that time period, the median sales price for homes here was $136,500, based on 363 home sales.
  • When compared to a year ago, the median home sales price increased 1.1 percent, or $1,500.
  • And the number of home sales decreased 67 percent.
  • During the week ending on June 3, the average listing price for Tulsa homes was $254,059, down 0.3 percent from the week before.
  • During that previous week, the average listing price was $255,000.
  • Popular neighborhoods in Tulsa, including Lynn Lane and Maple Ridge, meanwhile, had average listing prices of $225,169 and $511,012, respectively.

We’ll Help With Your Next Tulsa Home Purchase

As you can see, it really is a great time to be a home buyer on the local housing market here in Tulsa.

Thus, if you’re ready to take that next step toward finding your dream home here, please make sure to connect with us at Accent Realtors.

We would love to assist you by answering any questions you might have as well as providing you with some valuable home buying resources. We’ll also tell you all about the available listings right now on the market.

Until next time,

Paul

Fun in Tulsa This Month!

Summer is officially in full-swing here in the Tulsa area! We love this time of year because it’s a great time to kick back, unwind and enjoy the company of those who matter with you most!

To that end, we wanted to share with you some upcoming community events that we thought you and your family might be interested in checking out.

If you end up attending one of these community events, please let us know! We’d love to hear how it goes!

Mark Your Calendar For These Tulsa Area Events in June

So without further ado, here are some upcoming events that are worth checking out if you live in the Tulsa area:

Zoorassic Park: Take your kids back in time with this special showcase at the Tulsa Zoo. Zoorassic Park 2 features 26 giant displays, including 11 dinosaur species. The exhibit also features two super-sized bug displays, including a grasshopper and ladybug. It’s a fascinating exhibit for the whole family!

  • When: Now through August 31
  • Where: Tulsa Zoo
  • Admission: Admission to the special exhibit is just $5 per person with regular zoo admission or $4 per person for members.
  • More Info: Visit https://www.tulsazoo.org/roar

Warren Theatre Summer Kids Series: This series is free to the public and includes fabulous productions of such fan favorites as The Croods, Puss in Boots, How to Train Your Dragon, The Lego Movie and Turbo.

  • When: Now through August 4
  • Where: Broken Arrow Warren Theatre, 1700 W. Aspen Creek Dr. in Broken Arrow
  • Admission: FREE!
  • More Info: Call (918) 893-3545

Local Farmer’s Market: Even if you’re not grocery shopping, the Wagoner Farmer’s Market is a great way to get out and meet your neighbors. The market is open every Thursday evening from 6:00 to 8:00pm

  • When: Every Thursday
  • Where: Cherokee and Main Street in Wagoner, OK
  • Admission: FREE
  • More Info: Visit www.tulsaworld.com

Confidence Camps: This summer, bring your kids to this camp series at Guts Church in Tulsa. It’s a great way to keep them busy this summer while giving them a new skill they’ll learn for their entire lives!

  • When: Starting Monday, June 15 and repeating every week on Monday, Tuesday, Wednesday, and Thursday until July 27
  • Where: Guts Church, 9120 E Broken Arrow Expressway in Tulsa
  • Admission: $50 per child
  • More Info: Call (918) 622-4422

Interested in Relocating to Tulsa?

We hope you get a chance to check out at least one of these events this month in Tulsa. They really sound like they’ll be enjoyable events to experience!

For now, if you’re interested in relocating to Tulsa and making this your permanent home, please don’t hesitate to contact us at Accent Realtors today.

We would love to assist you by answering any questions you might have as well as providing you with some valuable home buying resources.

Until next time,

Paul

2015 Shredding Event a Success!

We are thrilled to report that our recent shredding event was a great success and we just wanted to take a moment to thank everyone who came out to support us!

For those of you who might not know, we hosted a community shredding event on April 25. More than 75 people came out to support the event by bringing items they wanted shredded.

More than just a place to securely dispose of important documents, however, our event was a way to get to get more connected with the community.

After all, we also provided face painting for the kids along with child-friendly games and free refreshments.

It was wonderful getting to enjoy the great weather, hang out with our neighbors and also give back to the community at large. So thanks for everyone’s help in making the event a success.

Did You Happen to Attend Our Shredding Event?

Then please make sure to head over to our Community Events page to see if you’re in any of the pictures we took at the event.

The page also has some great information about other past events we’ve held in the region.

Giving Back to the Community is Part of What We Do

We here at Accent Realtors believe not only in delivering quality real estate services to the community but also making the area better as a whole. That’s why we pride ourselves on regularly hosting events like the recent shredding event.

We hope you get a chance to check out our next event. For now, if you’re interested in buying or selling real estate anytime soon in the Tulsa area, make sure to contact us at Accent Realtors. We’d be happy to assist you!

Until next time,

Paul

2014 Tulsa Real Estate Market in Review

Recap of the 2014 Tulsa Real Estate Market

The Accent Team had another wonderful year in Tulsa, and I hope you and yours had a fantastic 2014 as well! Buying and selling real estate is a huge investment. Find out how yours is faring.

Real Estate Market Recovery

Real Estate MarketThe market continues to recover although, at a slower rate than 2013. It also ebbed and flowed more in what we call a “see-saw” recovery. With a global economy, we are affected by so much more than just our local happenings.
The number of sellers in the Tulsa market was up 3.7% in 2014 vs. 9% in 2013.

Shifting to a Seller’s Market

Inventory was down compared to 2013. Tulsa area Months Supply of Inventory (MSI) was down from 7.18 in 2013 to 5.96 in 2014 which means we are heading towards a seller’s market.
Average time on the market was down to 52 days in 2014 compared to 54 days in 2013 and 60 days in 2012.
The most expensive home sold in the Tulsa area sold for $3,475,000 at 26th and Lewis.
Average sales price went up because buyers are finally buying the larger and more expensive homes.

Appreciation Prediction

Appreciation is always a tough number to pin down without selling the exact home multiple times over a period of time.
Our rough estimates are about 1% appreciation this year. We prefer to see 3-7%, but at least we are not losing value in most areas of town.

Effect of Interest Rates

Last but not least, interest rates are expected to rise in 2015, but then, they were also expected to rise in 2014 and did not.
Economists are guesstimating an increase to 5% or more by the end of the year.

Real Estate Investment

So- What do we recommend?

It’s still a buyer’s market in almost all price ranges but things are moving quickly if marketed, staged, and priced well.
It’s a great time to buy because of low rates and being close to the bottom of the market. Because the buyers are out in full force and low inventory, it is also a decent time to sell.
As rates go up over time, the buyer’s ability to buy will be affected.

We’re Here To Help

All this being said, we are extremely excited about 2015 and our ability to serve our clients even better! If you need any additional data or general information about the market, don’t hesitate to contact us. We are here to help!

Paul Wheeler’s Vision Story

A Greater Purpose

As the owner of Accent Realtors, I would like to share a story about the creation of Accent Realtors.

My quest began when I was a young man, just 17.  I was frustrated and left home between my junior and senior years of high school looking for guidance, direction, mentors, and my life’s calling and passion.  I met many people, worked different jobs, and traveled to many places.  I learned many things but three things stood out to me.

The first thing I learned was that I wanted to be happy.  I found that the happiest people I encountered were people making a difference in the lives of others.  They were giving back and helping out.  They were focused on more than just their basic needs.   I wanted to be like that.   In my travels I had met a great deal of people in need of a helping hand.  Many of them were young people needing guidance and directions.   I decided that if I was very productive, invested my money well and saved 50% of everything I ever made in the first half of my life, I could start a charitable foundation.  Then I could spend my later years championing the education and guidance of young families and children to allow them to live the best lives possible.  I dreamed of donating millions of dollars to these causes.  I now had a vision.

The second thing I learned was that I needed to be educated and be an expert in whatever I did.  Experts were able to effect the most change.  Knowledge and the use of great knowledge will still change the world.  So I went to college, paying my own way.  I became a lifelong learner and still read 100 books per year.  My areas of focus were and still are being a better business owner, better husband, better father, and now I’m educating myself on charitable foundations.  I now had a plan.

The third thing I learned was that in order to accomplish these goals, I had to be a business owner.   Being a business owner allowed me the leverage to create something bigger than I could on my own.  If I and my team of experts served enough people exceptionally well, we would have the funds to create my vision of a charitable foundation.  I now had a passion.

I arrived in Tulsa, OK with $200 to my name and started on my life’s work.  I had 3 jobs within a week and had enrolled in college.  Luckily, I only needed four hours of sleep a night.  While still in college, majoring in business, I bought a few properties as a way to start creating wealth for the foundation.  I found that the buying process and later the selling process was less than desirable and had many flaws.  A light bulb came on and I thought “Aha, there must be a better way”.  One year later, Accent Realtors was born and became a vehicle for achieving our dream of the charitable foundation.  From there, I created the best, most productive experience possible for our clients with a team of talented, passionate people and a vision of a greater purpose. Our clients hire us because we are experts in real estate.  They also know that by doing business with us they are helping reach the vision to better our community and affect the lives of local families, children, and charities. Our clients get the best real estate team in town and get to be heroes for our community and those in need.

Thanks for letting me share.

Paul Wheeler

Why a Team?

The following video explains why Accent uses a Team approach to selling real estate. As a collaboration of expertise, the Accent Team has been the number one Team in Tulsa since 2004.