Good Thing You're in Oklahoma

A public awareness campaign that brings good news to Oklahoma.
The Latest Statistics The Television Commercial The Press Releases News Articles The Logo	Sat February 23, 2008 ‘Good thing you’re in Oklahoma’ campaign to present the facts about the Oklahoma housing market By Special to the E-E The Oklahoma Association of REALTORS® announced a statewide initiative that will present the facts about home ownership in Oklahoma and the value of real estate as a long-term investment. OAR’s “Good Thing You’re in Oklahoma” campaign has been developed to provide current, relevant data about the Oklahoma housing market that will be useful to consumers who are in the market to buy or sell a home. According to Tammy McCullar, OAR president, the Association’s leadership team moved to create the campaign in response to some of the national media reports about the U.S. housing market. “Real estate is local,” said McCullar, “and Oklahomans are not buying or selling their homes in a national housing market. Our ‘Good Thing You’re in Oklahoma’ campaign is designed to present the facts about the Oklahoma housing market, which remains an affordable, stable and secure source of value as a long-term investment.” In a report on the Oklahoma housing market released earlier today, OAR announced that home values in Oklahoma had increased by 4.2 percent in 2007. This was the seventh consecutive year since 2000 that the average sale price of an existing home in Oklahoma had increased on a year-to-year basis. By comparison, the National Association of REALTORS® reported a decline of 1.4 percent in national home value at the end of 2007. Since 2000, home values in Oklahoma have increased an average of 4.88 percent per year, which has resulted in growth of almost 40 percent in home values over the past seven years. “As exciting as turning a quick profit may be to some investors, we’re convinced that slow and steady wins the race every time when it comes to the security and stability of real estate investment as evidenced by Oklahoma’s numbers,” said McCullar. “Our ‘Good Thing You’re in Oklahoma’ campaign will be a vehicle for the Association and its members to lay out the facts that real estate is local and that our real estate market in Oklahoma is vibrant and strong.” The multi-platform campaign will include statewide advertising, special events, an outreach program to OAR members and associates and a consumer education component. The Association’s consumer Web site, WhyRealtorsWork.com, will be a source of information regarding the benefits and value of home ownership throughout the campaign. Bartlesville Real Estate Market Home values in Bartlesville increased in 2007 for the third consecutive year, according to a report released by the Oklahoma Association of REALTORS®. The average sale price for an existing home in Bartlesville rose by 5.83 percent last year, from $124,296 in 2006 to $130,986 in 2007. The Bartlesville area report was comparable to the statewide figures for real estate values as released by OAR last week. The average sale price for an existing home in Oklahoma increased by 4.24 percent in 2007, from $143,669 in 2006 to $149,758 in 2007. The Bartlesville Association of REALTORS® — one of the 21 OAR local boards/associations in the state — reported sales of 867 existing homes in the Bartlesville MLS (multiple listing service) area in 2007. While that figure represents a decrease of 2.47 percent from the area’s record home sales figure in 2006, the 2007 sales report reflects the third highest year on record for home sales in Bartlesville and neighboring communities. “While the real estate industry in some parts of the country is facing some serious challenges, today’s report underscores the fact that home ownership throughout Oklahoma continues to be an affordable, stable and secure investment,” said Tammy McCullar, OAR president. “Homeowners in our state should be confident about the value of their homes, given that 2007 marked the seventh year in a row in which Oklahoma home values have appreciated.” Since 2002, the average sale price of an existing home in Bartlesville has risen by an average of 4.84 percent per year. The average sale price for an existing home in Bartlesville in 2007 reflects almost a 27 percent increase from the 2002 average sale price for an existing home of $103,410. With the building boom, new home sales have steadily increased since 2002 in Bartlesville,” said Roberta Palmer, president of the Bartlesville Association of REALTORS®. “At the same time the average days on the market for a new home to sell was less than three months. Residents of Bartlesville have welcomed the opportunity to own a new home. Construction is ongoing in a number of new subdivisions to help meet the demand for new construction here in our area.” Since 2004 Bartlesville has experienced a 33 percent increase in the average price per square foot on all residential sales. “As we look back to 2001 we see appreciation every year except one. Appreciation grew 18.4 percent in ‘05, 11.4 percent in ‘06. With only 1 percent in ‘07, recent appreciation has slowed. Yet it is still on the positive side of the numbers. Areas across the country experiencing depreciation in their current markets had significantly higher appreciation levels in the last few years than our Bartlesville market.” “Comparing our local board and statewide reports to the national picture is a great reminder that real estate is local,” said McCullar. “It’s also a reinforcement of the Association’s belief that Oklahoma is one of the most affordable states to live and work in and that our outlook for the coming year should be as positive as ever.”
Go to WhyRealtorsWork.com

Sat February 23, 2008

‘Good thing you’re in Oklahoma’ campaign to present the facts about the Oklahoma housing market

By Special to the E-E

The Oklahoma Association of REALTORS® announced a statewide initiative that will present the facts about home ownership in Oklahoma and the value of real estate as a long-term investment.

OAR’s “Good Thing You’re in Oklahoma” campaign has been developed to provide current, relevant data about the Oklahoma housing market that will be useful to consumers who are in the market to buy or sell a home.

According to Tammy McCullar, OAR president, the Association’s leadership team moved to create the campaign in response to some of the national media reports about the U.S. housing market.

“Real estate is local,” said McCullar, “and Oklahomans are not buying or selling their homes in a national housing market. Our ‘Good Thing You’re in Oklahoma’ campaign is designed to present the facts about the Oklahoma housing market, which remains an affordable, stable and secure source of value as a long-term investment.”

In a report on the Oklahoma housing market released earlier today, OAR announced that home values in Oklahoma had increased by 4.2 percent in 2007. This was the seventh consecutive year since 2000 that the average sale price of an existing home in Oklahoma had increased on a year-to-year basis.

By comparison, the National Association of REALTORS® reported a decline of 1.4 percent in national home value at the end of 2007. Since 2000, home values in Oklahoma have increased an average of 4.88 percent per year, which has resulted in growth of almost 40 percent in home values over the past seven years.

“As exciting as turning a quick profit may be to some investors, we’re convinced that slow and steady wins the race every time when it comes to the security and stability of real estate investment as evidenced by Oklahoma’s numbers,” said McCullar. “Our ‘Good Thing You’re in Oklahoma’ campaign will be a vehicle for the Association and its members to lay out the facts that real estate is local and that our real estate market in Oklahoma is vibrant and strong.”

The multi-platform campaign will include statewide advertising, special events, an outreach program to OAR members and associates and a consumer education component. The Association’s consumer Web site, WhyRealtorsWork.com, will be a source of information regarding the benefits and value of home ownership throughout the campaign.

Bartlesville Real Estate Market

Home values in Bartlesville increased in 2007 for the third consecutive year, according to a report released by the Oklahoma Association of REALTORS®.

The average sale price for an existing home in Bartlesville rose by 5.83 percent last year, from $124,296 in 2006 to $130,986 in 2007.

The Bartlesville area report was comparable to the statewide figures for real estate values as released by OAR last week. The average sale price for an existing home in Oklahoma increased by 4.24 percent in 2007, from $143,669 in 2006 to $149,758 in 2007.

The Bartlesville Association of REALTORS® — one of the 21 OAR local boards/associations in the state — reported sales of 867 existing homes in the Bartlesville MLS (multiple listing service) area in 2007. While that figure represents a decrease of 2.47 percent from the area’s record home sales figure in 2006, the 2007 sales report reflects the third highest year on record for home sales in Bartlesville and neighboring communities.

“While the real estate industry in some parts of the country is facing some serious challenges, today’s report underscores the fact that home ownership throughout Oklahoma continues to be an affordable, stable and secure investment,” said Tammy McCullar, OAR president. “Homeowners in our state should be confident about the value of their homes, given that 2007 marked the seventh year in a row in which Oklahoma home values have appreciated.”

Since 2002, the average sale price of an existing home in Bartlesville has risen by an average of 4.84 percent per year. The average sale price for an existing home in Bartlesville in 2007 reflects almost a 27 percent increase from the 2002 average sale price for an existing home of $103,410.

With the building boom, new home sales have steadily increased since 2002 in Bartlesville,” said Roberta Palmer, president of the Bartlesville Association of REALTORS®. “At the same time the average days on the market for a new home to sell was less than three months. Residents of Bartlesville have welcomed the opportunity to own a new home. Construction is ongoing in a number of new subdivisions to help meet the demand for new construction here in our area.”

Since 2004 Bartlesville has experienced a 33 percent increase in the average price per square foot on all residential sales.

“As we look back to 2001 we see appreciation every year except one. Appreciation grew 18.4 percent in ‘05, 11.4 percent in ‘06. With only 1 percent in ‘07, recent appreciation has slowed. Yet it is still on the positive side of the numbers. Areas across the country experiencing depreciation in their current markets had significantly higher appreciation levels in the last few years than our Bartlesville market.”

“Comparing our local board and statewide reports to the national picture is a great reminder that real estate is local,” said McCullar. “It’s also a reinforcement of the Association’s belief that Oklahoma is one of the most affordable states to live and work in and that our outlook for the coming year should be as positive as ever.”