Just Listed: Timeless Charm and Modern Luxury in this Renovated Home in Historic Crestwood!

Step into historic Crestwood and discover this captivating home that has been renovated to perfection.

This enchanting 3 bedroom, 2.1 bathroom home exudes timeless charm. Adorned with original wood floors and basking in natural light, the spacious living room features a remote fireplace as a beautiful focal point. The dining area seamlessly leads to a stunning kitchen embellished with new cabinets, granite countertops, subway backsplash, and stainless appliances. The guest bathroom features a double sink vanity and a tub/shower combo. The main bedroom offers an en suite bath and a large walk-in closet. A versatile sunroom/utility room and an upstairs third bedroom with a half bath add to the allure. Upgrades include a newer HVAC system, newer electrical, and newer windows upstairs. The backyard boasts a detached garage with additional storage space and a two car tandem carport. Don't miss the new patio to enjoy summer nights on! Conveniently located near parks, the Plaza, entertainment, and dining. Experience the essence of Crestwood living in this extraordinary retreat!

Listed by Michelle Henderson for West + Main Homes. Please contact Michelle for current pricing + availability.

 

Have questions?
West + Main Homes
(405) 652-6635
hello@westandmain.com

Presented by:
Michelle Henderson
405-614-2213
michelle@westandmainok.com

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This Weekend: Oklahoma Open Houses for June 3rd and 4th

Our agents are hosting Open Houses this weekend all over the Oklahoma City Area.

You can find all of these listings on our website. Please reach out to the listing agent for information on times and more information on the listing!

If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

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The Benefits of Selling Now, According to Experts

If you’re trying to decide if now’s the time to sell your house, here’s what you should know.

The limited number of homes available right now gives you a big advantage. That’s because there are more buyers out there than there are homes for sale. And, with so few homes on the market, buyers will have fewer options, so you set yourself up to get the most eyes possible on your house.

Here’s what industry experts are saying about why selling now has its benefits:

Lawrence Yun, Chief Economist at the National Association of Realtors (NAR):

“Inventory levels are still at historic lows. Consequently, multiple offers are returning on a good number of properties.”

Selma Hepp, Chief Economist at CoreLogic:

“We have not seen the traditional uptick in new listings from existing homeowners, so undersupply of housing will continue to heighten market competition and put pressure on prices in most regions. Some markets are already heating up considerably, but price premiums that we saw last spring and summer are unlikely.”

Clare Trapasso, Executive News Editor at Realtor.com:

“Well-priced, move-in ready homes with curb appeal in desirable areas are still receiving multiple offers and selling for over the asking price in many parts of the country . . .”

Jeff Tucker, Senior Economist at Zillow:

“. . . sellers who price and market their home competitively shouldn’t have a problem finding a buyer.”

Bottom Line

If you’re thinking about selling your house, connect with a real estate advisor who can share the expert insights you need to make the best possible move today.

Learn more on Keeping Current Matters.

Related Links

• What Is a Mortgage and How Does It Work?

• 5 Vital Things to Do at Home Before You Travel

• HUD invests $837M in energy, climate renovations for multifamily housing

If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

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Search homes in Minnesota

Today’s Real Estate Market: The ‘Unicorns’ Have Galloped Off

Comparing real estate metrics from one year to another can be challenging in a normal housing market.

That’s due to possible variability in the market making the comparison less meaningful or accurate. Unpredictable events can have a significant impact on the circumstances and outcomes being compared.

Comparing this year’s numbers to the two ‘unicorn’ years we just experienced is almost worthless. By ‘unicorn,’ this is the less common definition of the word:

“Something that is greatly desired but difficult or impossible to find.”

The pandemic profoundly changed real estate over the last few years. The demand for a home of our own skyrocketed, and people needed a home office and big backyard.

• Waves of first-time and second-home buyers entered the market.

• Already low mortgage rates were driven to historic lows.

• The forbearance plan all but eliminated foreclosures.

• Home values reached appreciation levels never seen before.

It was a market that forever had been “greatly desired but difficult or impossible to find.” A ‘unicorn’ year.

Now, things are getting back to normal. The ‘unicorns’ have galloped off.

Comparing today’s market to those years makes no sense. Here are three examples:

Buyer Demand

If you look at the headlines, you’d think there aren’t any buyers out there. We still sell over 10,000 houses a day in the United States. Of course, buyer demand is down from the two ‘unicorn’ years. But, according to ShowingTime, if we compare it to normal years (2017-2019), we can see that buyer activity is still strong (see graph below):

Home Prices

We can’t compare today’s home price increases to the last couple of years. According to Freddie Mac, 2020 and 2021 each had historic appreciation numbers. Here’s a graph also showing the more normal years (2017-2019):

We can see that we’re returning to more normal home value increases. There were several months of minimal depreciation in the second half of 2022. However, according to Fannie Mae, the market has returned to more normal appreciation in the first quarter of this year.

Foreclosures

There have already been some startling headlines about the percentage increases in foreclosure filings. Of course, the percentages will be up. They are increases over historically low foreclosure rates. Here’s a graph with information from ATTOM, a property data provider:

There will be an increase over the numbers of the last three years now that the moratorium on foreclosures has ended. There are homeowners who lose their home to foreclosure every year, and it’s heartbreaking for those families. But, if we put the current numbers into perspective, we’ll realize that we’re actually going back to the normal filings from 2017-2019.

Bottom Line

There will be very unsettling headlines around the housing market this year. Most will come from inappropriate comparisons to the ‘unicorn’ years. A real estate professional is a great resource to help you keep everything in proper perspective.

Get more on Keeping Current Matters.

Related Links

• What Is a Mortgage and How Does It Work?

• 5 Vital Things to Do at Home Before You Travel

• HUD invests $837M in energy, climate renovations for multifamily housing

If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

Search Homes in Colorado

Search Homes in Oklahoma

Search Homes in Oregon

Search homes in Minnesota

Just Listed: Incredible opportunity to own not just one, but two duplexes situated on a single lot in the heart of Oklahoma City!

Incredible opportunity to own not just one, but two duplexes situated on a single lot in the heart of Oklahoma City!

This quadplex consists of three well-maintained 2-bedroom, 1-bathroom units and one 3-bedroom, 1-bathroom unit. These units all have been recently updated with new paint, flooring, and central HVAC. All units are currently leased, reflecting the high demand for rental properties in this location. Just steps away from Midtown and Downtown OKC, residents will enjoy easy access to a plethora of entertainment, dining, and cultural attractions, making it an ideal choice for tenants seeking the convenience of urban living.

To ensure a smooth viewing experience for our tenants, showings for this property are exclusively scheduled on Sundays from 2:00-5:00PM. All potential Buyers must be accompanied by a Realtor. Please contact listing agents if you do not have one to accompany you.

Listed by Emilee Rankin + Elizabeth Jones for West + Main Homes. Please Contact Emilee or Elizabeth for current pricing + availability.

 

Have questions?
West + Main Homes
(405) 652-6635
hello@westandmain.com

Presented by:
Emilee Rankin
405-777-6638
emilee@westandmainok.com

Elizabeth Jones
580-574-3706
elizabeth@westandmainok.com

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