Key Realty and Property Management Open House
|Darling home in the Bluff Creek Addition. 4 bed 3 bath 2 car garage with 2 formal living and 2 dining. Nice fireplace with built in book shelves, and bonus Florida room which could be office or work out space. Large closets open kitchen with oak cabinets. Home warranty plan, roof replaced in 2010, new hot water tank 2014, newer windows. New paint interior and exterior 2017, new carpet 2017, sprinkler system as-is.
Key Realty and Property Management
Special Thanks to http://cherylcorealestate.com/
Today’s rapidly skyrocketing home prices are making more than a few people nervous.
After all, it was only about a decade ago that the U.S. real estate market bubble burst, and millions of Americans lost their homes (and for many, life savings). And, as most of us recall all too well, plenty of others found themselves underwater on their mortgages, owing more than the homes were worth. But then came … the recovery. God bless the recovery! The housing market and economy have come roaring back. Some markets, in fact, are booming to historic levels.
So let us put you at ease: What goes up doesn’t have to come crashing down. As we’ve said before, record-high prices alone do not make a bubble. Still, if playing it safe is your top priority, we’ve got you covered. Our data team at realtor.com® set out to find the real estate markets that are least likely to pop if the country heads toward another recession—metros where home prices are still rising at a healthy (versus dizzying) pace.
We also only included markets where the supply of homes for sale is still large enough that buyers are unlikely to be pulled into costly bidding wars.
“These are the Goldilocks of today’s housing market,” says Javier Vivas, manager of economic research for realtor.com. “Not too hot, and not too cold, these markets present the right balance of housing and economic conditions for buying and selling activity to evolve naturally.”
Of course, no market is completely bulletproof against another financial crisis. But these cities, with their strong and diversified industries, come pretty darn close. Plus, steadily rising price appreciation means that they’re likely to be solid investments for the long haul. And slow and steady wins the race, right?
“They have rising demand, and the corresponding supply to quench it,” Vivas says. “And they’re all relatively smaller metros, often with large nearby siblings eating up any potential irrational growth, which keeps them from overheating.”
To identify the 10 metros where you can buy a home and rest easy about it, we compared the 150 largest U.S. housing markets, using nine key metrics:
- Positive (but not out-of-control) price appreciation of between 4% and 12% in 2016
- An ample supply of homes for sale (between three and seven months available)
- Affordability, measured by the percentage of income needed to buy a home
- New home construction recovered from the recession
- Median number of days homes are on the market (the lower the better)
- Foreclosure rate
- Percentage of homes underwater
- Percentage of homes with price reduction (yep: Lower is better)
- Low unemployment rate
Got it? So stay calm, get comfortable, and take a tour through our list of America’s most rock-steady markets.
- Fort Collins, COMedian home price: $376,000
Annual price growth: 7%
Colorado State University and a robust high-tech scene, which includes Hewlett-Packard and Intel, contribute to an enviable unemployment rate of 2.9% in this city of 160,000, the state’s fourth biggest. Fort Collins also has a third line of defense against economic downturns: the beer industry. It is home to a major Anheuser-Busch facility and 22 craft breweries—and as the Prohibitionists found, the alcohol industry is awfully tough to kill.
“Largely due to its diverse economy, the Fort Collins market has been extremely stable,” says Realtor Larry Kendall of the Group. “During the recession, our home prices didn’t fall nearly as much as the rest of the country.”
Fort Collins is also very affordable—at least by Colorado standards. The median home price is about 25% less than in Denver and 40% less than in Boulder, CO, both of which are about an hour away.
Housing highlight: The city is home to River Rock Commons, a progressive cohousing development of nearly three dozen single-family homes set up around a common house, where residents can prepare communal meals they can enjoy with one another. Togetherness rules.
- Madison, WIMedian home price: $272,500
Annual price growth: 10%
The University of Wisconsin infuses Madison with a young, hip, and relentlessly energetic vibe. That feeds directly into the ultra-walkable downtown lined with cafés and restaurants. But if that’s not your scene, residents can take advantage of the miles of hiking and biking trails along idyllic lake shores.
Homeowners here also have a low risk of foreclosure. Only 28 homes were shuttered in the last quarter of 2016, representing less than 2% of all home sales.
“That’s because we have a solid economy, with very few layoffs,” says realtor Alex Saloutos of First Weber Realtors. “Coming off the last recession, buyers are also much more cautious. They don’t max out their [debt-to-income] ratio.”
The University of Wisconsin is the area’s largest employer, but there are also jobs to be had with companies like health care software maker Epic Systems and insurance provider Wisconsin Physicians Service.
Housing highlight: Wisconsin state Rep. Melissa Sargent, who hails from Madison, recently proposed a law that would increase the number of “sober housing” developments in the state, intended for drug addicts and alcoholics in recovery.
- Durham, NCMedian home price: $320,000
Annual price growth: 10%
Top schools like Duke and the University of North Carolina at Chapel Hill supply a steady stream of talent to Durham’s thriving health care and research industries.
Research Triangle Park, aka “Smartsville, USA,” is one of the world’s largest research centers. More than 200 high-tech companies, including IBM and Cisco, operate there. Throw a rock, and you might hit a Nobel Prize-winning scientist or inventor of the next life-altering tech startup. (But don’t throw rocks, please.)
“People are starting to notice Durham,” says Courtney James, owner of Urban Durham Realty. “It’s a relatively affordable market for young people graduating from universities and creating their own startups. This is a young city, full of creative energy.”
Housing highlight: When living in traditional homes gets boring, Durham residents can move into tobacco mills converted into awesome lofts with 22-foot ceilings at the Apartments at American Tobacco.
- Honolulu, HIMedian home price: $649,500
Annual price growth: 9%
How the heck did gorgeous, universally desired Honolulu wind up on this list? Affordability clearly isn’t the Hawaiian capital’s greatest asset, but high rankings across all of our other metrics make it a surprisingly stable market. The Polynesian paradise has an extremely low foreclosure rate (2%), very few underwater homes (4%), and a jealousy-inducing unemployment rate (2.8%).
And, hey, who doesn’t love crashing waves, lush palm trees, and sun-drenched beaches? Those lures, which draw legions of tourists from all over the world, helped to insulate the city—for the most part—from the last recession.
“We have a well-balanced combination of mainland and international buyers, which cushioned us through the last mortgage meltdown,” says Khai Tran, a real estate agent with Coldwell Banker Pacific Properties.
Housing highlight: There’s a push to bring back the traditional Polynesian hale homes in Hawaii, as a way to create more affordable housing for the state’s low-income and homeless residents. The thatched homes are typically made of local trees and plants.
- Greenville, SCMedian home price: $234,000
Annual price growth: 10%
Greenville strikes a remarkable balance between economic diversity (aka a variety of jobs) and a high quality of life. The city has no shortage of large companies with local operations, like the multinational conglomerate 3M, General Electric, and Michelin, which is drawing younger and older workers alike. Yet, it still serves up an affordable cost of living, with a revitalized downtown filled with cool restaurants and bars, art galleries, and boutiques lining the popular Falls Park, and yep, even a craft distillery.
Realtor Lindsay Saunders, of Greenville Home Girls, says the majority of her clients are younger professionals relocating to Greenville thanks to corporate job opportunities and the city’s affordability.
“They sold their homes in big cities like Charlotte and Atlanta, come here, buy a home, and live comfortably with the rest of their savings,” Saunders says.
Bucking the national trend, Greenville does not suffer from the problem of having too few homes for sale. That’s due to a building boom that’s reshaping the city.
Housing highlight: Completed in 2004, the beautiful 345-foot Liberty Bridge in Falls Park holds 1,300 people at a time, supported by a single suspension cable. The stunning downtown view is just a bonus.
- Ann Arbor, MI
Median home price: $286,000Annual price growth: 10%
The University of Michigan is a huge economic and cultural force here. Benefiting from a highly skilled workforce, Ann Arbor has thriving technology and health care communities, including Trinity Health and University of Michigan Medical Center.
Deb Odom Stern, an associate broker at Charles Reinhart Realtors, says she has never worked with any sellers who are “moving away from Ann Arbor because they lost their jobs.” The majority of her clients are out-of-towners relocating to Ann Arbor for work.
In the off-hours, there are plenty of things to do. Michigan Stadium, the country’s largest stadium, is packed with Wolverine fans during University of Michigan games. In addition to museums and performing art centers, Ann Arbor—which some people consider the city with the most educated population in the United States—has a reservoir of independent bookstores.
Housing highlight: Ann Arbor is dotted with “fairy doors,” unique and exquisitely detailed tiny entrances set into walls around town. Many of them open onto miniature rooms. Cute, huh?
- Manchester, NHMedian home price: $293,500
Annual price growth: 9%
With colorful foliage, Colonial-style homes, and the occasional moose, Manchester conjures up a bucolic Northeastern mise en scènethat’s becoming increasingly rare. Just an hour’s drive north of Boston, Manchester is a commutable destination for home buyers fleeing the ridiculously competitive big-city market. Its median home price is only two-thirds of what they would pay in Boston.
A longtime manufacturing center, New Hampshire’s largest city has made big strides in exploring new industries. The downtown has an emerging high-tech hub, including a revitalized mill building serving as a startup incubator with a catchy name: Silicon Millyard. And Manchester’s unemployment rate of 3% is among the country’s lowest.
“A lot of millennials [have been] moving into the downtown area in the past several years,” says local real estate agent Moe Archambault, owner of Moe Marketing Realty Group. Obviously, he says, the draw is “job availability—the Silicon Valley type of employment.”
Housing highlight: Comedian Adam Sandler grew up in Manchester, and never lets his fans forget it. “Grown-Ups 2” prominently featured Manchester’s iconic diner Red Arrow—recreated on location in nearby Marblehead, MA.
- Salem, ORMedian home price: $283,000
Annual price growth: 11%
As the state capital of Oregon, Salem brims with state and federal employees. Surrounded by picturesque countryside, Salem is a regional hub for agribusinesses—including Kettle Foods, maker of dangerously addictive potato chips—and a booming renewable energy sector.
And home prices are only two-thirds of what they are in pricey hipster Portland, just an hour away.
Education is a big plus for Salem, too. The Salem-Keizer School District is the second-largest school district in Oregon, with 65 schools and about 41,000 students.
A solid economy helps to buoy Salem’s housing market. Just 13% of homes in Salem had price reductions in 2016, among the lowest in our study.
Housing highlight: Salem is smack-dab in the middle of Oregon’s wine country, and you can even live in a winery—Ankeny Vineyard is currently on the market at only $895,000.
- Oklahoma City, OKMedian home price: $219,000
Annual price growth: 7%
The capital of Oklahoma has more going on than tornadoes. The city is home to the most rabidly loyal fan base in the NBA, and more rodeo festivals than you’ll ever have time to attend. Most importantly, with such an affordable median home price, buyers can realize their dream of a spacious home with a backyard for the kids.
Oklahoma City is also A-OK when it comes to dealing with recessions. It was the big city the least affected by economic downturns between 1990 and 2015. according to a study in the Journal of Urban Economics.
The recent oil slump did have some impact here. But so far, home prices have been holding up. Prices went up 7% last year, down from 11% in the previous year, but much more than in other oil-dependent cities, such as Midland, TX (-7%), and Bismarck, ND (-7%).
That’s partly due to a diverse economy of oil and gas, state government, and the Tinker Air Force Base, which help to safeguard it against economic volatility.
Housing highlight: Oklahoma City’s most expensive home on the market comes with a private pond and an awesome grotto. A steal at $4.75 million.
- San Antonio, TXMedian home price: $276,000
Annual price growth: 5%
Dubbed “Military City, USA,” San Antonio is home to four major military bases, which supply more than 80,000 jobs. The city is blessed with strong bioscience and health care industries, which employ 1 out of every 6 San Antonians.
The city also has attractions like the bustling River Walk, the tourist fave Alamo, and lots of picturesque Greek Revival historic homes downtown.The city’s old-world charm attracts not just tourists, but residents who bond over tacos.
To meet the housing demand, new condos have been popping up all over the metro.The good news: San Antonio still has room to grow! At a whopping 461 square miles, it ranks as the ninth-largest city by area in the contiguous United States.
Housing highlight: King William Historic District, a historical neighborhood with beautiful Victorian-style homes, dates to the 1790s and is San Antonio’s first suburb.
Yuqing Pan, a Stanford graduate with a multimedia journalism background, writes data-driven stories for realtor.com.
Call Karyn with Key Realty and Property Management to start or add to your OKC Investment Properties Portfolio.
Fully Furnished, Homes and Apartments for Rent
#Awesome One bedroom apartment. Very tastefully decorated. Pots, pans, dishware, all you need is your toothbrush. Weekly rate of $499, Monthly $1,800 plus a one-time $150 cleaning fee
Just steps from the Plaza District, 5 minutes to Downtown. 10 minutes to FAA
Gated Parking, includes utilities and Wi-Fi.
See awesome YouTube video here… https://youtu.be/vlqrotJ3JvU
Short Term, Fully Furnished Homes for Rent in OKC
Key Realty and Property Management LLC
426 NW 5th Street
OKC, OK. 73102
Awesome Rental Income Property For Sale NW OKC
Very Affordable Living at the Villa Manor Apartments on 35th Street.
This small complex is nestled in the Darralls Addition in Oklahoma City. Talk about location. Close to the Shepherd Shopping area, easy access to I-44 highway, shopping and great restaurants on May Avenue. Right on the bus line for those seeking a more green mode of transportation. These cute 1 bedroom 1 bath apartments are all electric and come with refrigerator and electric stoves, the bedrooms are nice sized with a spacious living and dining area. Roof replaced in 2012, concrete decks resurfaced 2013, new exterior windows 2016, most units have been remodeled on the interior.
Short Term Fully Furnish Home in Edmond
Our spacious comfortable house is perfect for guests in town for “short term” work visit or here to see family. Excellent substitute to a Hotel room. Enjoy our high speed Wi-Fi internet and 220 channels of cable TV including HBO and ESPN on a 55” screen hi-def TV. The kitchen is fully equipped with oven, dishwasher, refrigerator, microwave, coffee pot, toaster, crockpot, mixer, blender, pots, and pans. There is a full sized washer and dryer if you find yourself needing to do a load of laundry. If you are traveling on business there is a separate office with a desk and comfy office chair for you to use. And if you are in the mood to get some fresh air there is a green belt and path right outside the back door.
Our place is in a quiet, gated neighborhood and is perfect for couples, solo adventurers, and business travelers. It is in very close proximity to just about any type of restaurant you can imagine and to excellent shopping! Two miles to the Kilpatrick Turnpike which will get you to downtown Oklahoma City, Lake Hefner, or the University of Central Oklahoma.
We have others… starting from $55/daily rate
Key Realty and Property Management firstname.lastname@example.org Call or text to 405-409-7608
One Bedroom Near The Plaza District
One Bedroom For rent near the Plaza District
Hello, and welcome to The Blue Alamo Luxury Apartments which are now the premier address in The Plaza District. Our entire focus is how to better serve you, and foster a more loving community at large.
This brand new, no expense spared 2 year renovation of a 4-plex is right in the heart of the Plaza District. These 1 bedroom super luxury apartments offer: real oak hardwood floors, all electric stainless steel Frigidaire high efficiency appliances (fridge, stove, oven, microwave and dishwasher), beautiful multi-head curved glass shower, central heat & air, ceiling fans, energy efficient/noise reduction double paned gas filled windows, high efficiency whirlpool washer & dryer in each unit, off street electric security gated private covered parking, personal remote accessed 24 hour video surveillance accessible by your Android or Apple device, and intercom linked buzz-in front door system.
Personal Access to the Property’s Security Cameras on your Android or Apple Device, Broadband Wi-Fi, Covered Off Street Security Gated Parking, Water, Waste, and Refuse all included in rent
To schedule a private showing or to answer any questions you may have please call Karyn Seabrooke, your property manager extraordinaire @ 405-605-6445. Thanks for looking, and have a grrrrreat day
See Map of 1308 NW 16th St #1, Oklahoma City, OK 73106 here
Fall Special – List and Sell Your Home on the MLS Only 4 % Commission
That’s right folks, this Fall we are giving all Home Sellers a break on Commissions. Save A Bunch…
Traditionally, Real Estate Companies charge Commissions and Fees to Sellers equal to 6% or higher for Listing and Selling their Clients Homes “For Sale” on the MLS. Well, take advantage of our “Fall Special” and get the same exposure you would expect from a Real Estate Company here in OKC – but for a Lot Less.
Call, text or email Tom at KeyRealtyOKC.com for more details and get started on the Amazing Journey – sell your home and let Tom help you look for your next Dream Home Text to 405-409-7608 or email@example.com
Here are a few tips for Sellers…Special Thanks to HGTVhttp://www.hgtv.com/design/decorating/design-101/10-best-kept-secrets-for-selling-your-home
Selling Secret #10: Pricing it right
Find out what your home is worth, then shave 15 to 20 percent off the price. You’ll be stampeded by buyers with multiple bids — even in the worst markets — and they’ll bid up the price over what it’s worth. It takes real courage and most sellers just don’t want to risk it, but it’s the single best strategy to sell a home in today’s market.
Selling Secret #9: Half-empty closets
Storage is something every buyer is looking for and can never have enough of. Take half the stuff out of your closets then neatly organize what’s left in there. Buyers will snoop, so be sure to keep all your closets and cabinets clean and tidy.
Selling Secret #8: Light it up
Maximize the light in your home. After location, good light is the one thing that every buyer cites that they want in a home. Take down the drapes, clean the windows, change the lampshades, increase the wattage of your light bulbs and cut the bushes outside to let in sunshine. Do what you have to do make your house bright and cheery – it will make it more sellable.
Selling Secret #7: Play the agent field
A secret sale killer is hiring the wrong broker. Make sure you have a broker who is totally informed. They must constantly monitor the multiple listing service (MLS), know what properties are going on the market and know the comps in your neighborhood. Find a broker who embraces technology – a tech-savvy one has many tools to get your house sold.
Selling Secret #6: Conceal the critters
You might think a cuddly dog would warm the hearts of potential buyers, but you’d be wrong. Not everybody is a dog- or cat-lover. Buyers don’t want to walk in your home and see a bowl full of dog food, smell the kitty litter box or have tufts of pet hair stuck to their clothes. It will give buyers the impression that your house is not clean. If you’re planning an open house, send the critters to a pet hotel for the day.
Selling Secret #5: Don’t over-upgrade
Quick fixes before selling always pay off. Mammoth makeovers, not so much. You probably won’t get your money back if you do a huge improvement project before you put your house on the market. Instead, do updates that will pay off and get you top dollar. Get a new fresh coat of paint on the walls. Clean the curtains or go buy some inexpensive new ones. Replace door handles, cabinet hardware, make sure closet doors are on track, fix leaky faucets and clean the grout.
Selling Secret #4: Take the home out of your house
One of the most important things to do when selling your house is to de-personalize it. The more personal stuff in your house, the less potential buyers can imagine themselves living there. Get rid of a third of your stuff – put it in storage. This includes family photos, memorabilia collections and personal keepsakes. Consider hiring a home stager to maximize the full potential of your home. Staging simply means arranging your furniture to best showcase the floor plan and maximize the use of space.
Selling Secret #3: The kitchen comes first
You’re not actually selling your house, you’re selling your kitchen – that’s how important it is. The benefits of remodeling your kitchen are endless, and the best part of it is that you’ll probably get 85% of your money back. It may be a few thousand dollars to replace countertops where a buyer may knock $10,000 off the asking price if your kitchen looks dated. The fastest, most inexpensive kitchen updates include painting and new cabinet hardware. Use a neutral-color paint so you can present buyers with a blank canvas where they can start envisioning their own style. If you have a little money to spend, buy one fancy stainless steel appliance. Why one? Because when people see one high-end appliance they think all the rest are expensive too and it updates the kitchen.
Selling Secret #2: Always be ready to show
Your house needs to be “show-ready” at all times – you never know when your buyer is going to walk through the door. You have to be available whenever they want to come see the place and it has to be in tip-top shape. Don’t leave dishes in the sink, keep the dishwasher cleaned out, the bathrooms sparkling and make sure there are no dust bunnies in the corners. It’s a little inconvenient, but it will get your house sold.
Selling Secret #1: The first impression is the only impression
No matter how good the interior of your home looks, buyers have already judged your home before they walk through the door. You never have a second chance to make a first impression. It’s important to make people feel warm, welcome and safe as they approach the house. Spruce up your home’s exterior with inexpensive shrubs and brightly colored flowers. You can typically get a 100-percent return on the money you put into your home’s curb appeal. Entryways are also important. You use it as a utility space for your coat and keys. But, when you’re selling, make it welcoming by putting in a small bench, a vase of fresh-cut flowers or even some cookies.
Save on your Commissions and List and Sell with Tom – Key Realty and Property Management
Call or Text to 405-409-7608
0r email to firstname.lastname@example.org
Awesome, Upscale Executive Private Home available for Short Term Rental.
Fully furnished, tastefully decorated home in a “Park Like Setting”
Gated Community just north of Turner Turnpike in Edmond.
Two Bedroom, two bathrooms plus office/study, 1,865 sq ft.
Garage for one car, additional driveway parking.
Text works best to 405-409-7608 or email email@example.com
When looking for a place to live and to invest, people are generally looking for three things: affordability, a strong economy, and good quality of life. Most US cities can only claim excellence in one of these areas. A dozen cities specialize in two. But if you truly want it all, you only have three choices.
And they’re all in the Midwest.
That’s the finding of Josh Lehner at the Oregon Office of Economic Analysis, who explored what’s being called the “housing trilemma”—the idea that due to the housing crisis, Americans have to make big tradeoffs in deciding where to live. Lehner looked at the 100 largest metropolitan areas in the country, comparing them for quality of life, affordability and economic strength across several metrics using Census data and several other indicators.
According to his data (which you can see here), if you want a city that excels in all three, you have just three choices:
- Oklahoma City, Oklahoma
- Omaha, Nebraska
- Des Moines, Iowa
In fact, only 15 cities got high marks in two categories, most of them focused in quality of life. But if it’s most important for you to live in a place with good quality of life and economic strength, you’ll pay more to live there. In fact, this is usually what eventually drives those cities off this Venn diagram, as Lehner explains. Cities that become too desirable become too expensive:
The reason these trade-offs exist is mostly, but not entirely, due to market forces. People want to live in cities with a strong economy and high quality of life. Increased demand for housing leads to higher prices and lower affordability. Nice places to live get their housing costs bid up due to strong demand. The opposite is true as well. Regions with under performing economies and a lower quality of life do have better affordability.
San Francisco, of course, is the quintessential example of a city that has a huge affordability problem that’s keeping people out, even as it remains a great place to live with job growth that’s exploding.
But look at another place that is slowly edging off this chart: Portland, Oregon, which has been celebrated for its quality of life and strong job growth, but in the last few years the city has become way less affordable. Portland is also a unique case in that it has very, very low vacancy rate, which makes it harder for renters to find affordable places to live.
The solution to move more US cities into that sweet spot with Des Moines, Omaha, and OKC is the same one you’ve been hearing throughout the housing crisis: Build more housing.
For more information on Investment Property in Oklahoma City, contact Karyn Seabrooke at
Key Realty an Property Management 405-605-6445