"TheJilesTeam" 
Simply the Very Best, With Proven Results

Getting YOUR Home SOLD is OUR ONLY Objective

 

Welcome to "Market Updates". 
Below you will find a lot of useful information about the
 Greater Tulsa Real Estate Market along with some information just about our area.
  We have gathered this information from several sources as well
 as provided YOU links to the many services available in our area.
  We offer helpful hints too!

 


updated 2-2-2020

UPDATED 3-20-2020


Mayor signs new COVID-19 Emergency Proclamation for City of Broken Arrow

Post Date: 03/19/2020 7:00 p.m.

Mayor Craig Thurmond has signed a new Emergency Declaration due to the COVID-19 Pandemic limiting and closing certain commercial businesses in the City of Broken Arrow.

Broken Arrow City Council members held an Emergency Meeting on March 19, 2020, and voted to approve the Proclamation.

City officials are following the guidance of the Centers for Disease Control and Prevention and the Tulsa County Health Department to slow the spread of COVID-19.

The proclamation takes effect Friday, March 20, 2020, at 11:59 p.m.

Background:

COVID-19 is a new virus that currently lacks widely available testing at pharmacies and doctor’s offices which reduces the ability to effectively track community spread. The Centers for Disease Control and Prevention issued the Revised Interim Guidance for Coronavirus Disease (COVID-19) on March 15, 2020 recommending a number of factors be considered in postponing or canceling mass gatherings, including that larger gatherings of more than 50 people offer more opportunities for person-to-person contact and therefore pose greater risk of COVID-19 transmission. On March 16, 2020 the Mayor of Broken Arrow issued an Emergency Declaration consistent with CDC and State Department of Health guidelines, including canceling events held at City-owned facilities and revoking special event permits until further notice. The President of the United States and Governor of the State of Oklahoma have declared emergencies due to the COVID-19 Pandemic. Residents are encouraged to remain vigilant and comply with CDC and State of Oklahoma guidance. More information can be found at www.coronavirus.gov.



click here for "smart thoughts"


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If you’ve been waiting for a sign… this may be it!

I know
that you have heard this next statement for years,
but unlike other times, even I am impressed!
Yesterday(3-10-2020) I met with a few Mortgage lenders
 and every one of them,
without
any excepts,
 said and showed me what
 the interest rates are right now.
3 1/8% to about 3 3/8% (last year at this time 4%+)

HOW long this will last? NO ONE KNOWS
Will it go lower?  More than likely, NO!


With the number of homes for sell in the Greater Tulsa area
 DOWN by

almost 32%
and with Buyers trying to find that Perfect Home,
this Real Estate market just might be considered
the strongest
SELLER'S Market
since about 1978.

So, if you have been thinking about selling your present home
and then either upsizing or downsizing
YOU
could not ask for a Better Real Estate Market than
RIGHT NOW!

Stop Thinking!  DO IT NOW!
CALL
Art Jiles
918.258.2298
or

email me at artjiles@artjiles.com

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Click here for
Tips for a Buying a home and Compromises YOU should NEVER Make

updated 2-29-2020
****************************************************************************************************
 Click here for Housing News
updated 2-29-2020

********************************************************************
Click here for
2020-MARKET REPORT FROM SAMUEL FOWLER.pdf

********************************************************************
 

0

 

HOUSING NEWS

 

 

Nearly 60% of Americans Say Now's the Time to Buy

Each month, Fannie Mae's Home Purchase Sentiment Index (HPSI) surveys Americans to measure their interest in homebuying and home selling. The index looks at how people view the housing market, home prices, mortgage rates, their jobs, income, and expectations for the future. In February, the HPSI was relatively flat from the month before but remained near all-time highs.

In fact, the survey found that 59 percent of Americans believe now is a good time to buy a house and 67 percent say it's a good time to sell. Doug Duncan, Fannie Mae's senior vice president and chief economist, says the housing market has started the year off strong. "The HPSI remained relatively steady in February, reflecting another month of robust consumer sentiment consistent with strong housing market data to start the year," Duncan said. "In particular, household income sentiment picked back up as more workers saw their wages rise amid tight labor market conditions, helping bolster already strong housing demand."

However, though Americans are optimistic about the housing market and the economy, Duncan warns that February's results don't yet account for the potential economic impact of the coronavirus, which could affect future survey results.

More here.

 

 

FINANCE NEWS

 

 

How to Choose the Right Renovation Project

There's usually a long checklist of items to go through before selling a house. After all, you want to maximize your profit and make sure your home is attractive to buyers. That's why in addition to cleaning up clutter, planting some flowers, and touching up chipped paint, you may be considering a renovation project. But not all renovations have the same return on investment.

That's why the Appraisal Institute suggests hiring an appraiser to estimate your property's value before and after a potential upgrade. "Real estate appraisers have the local market knowledge required to gauge how an improvement may affect a home's value," Jefferson L. Sherman, president of the Appraisal Institute, says. "While they can't make guarantees, appraisers can use their expertise and experience to help homeowners make wise decisions about which improvement projects to take on."

For example, projects like a garage door replacement, a minor kitchen remodel, or replacing old windows and siding will provide a bigger return on investment than some other projects, according to Remodeling magazine. Getting a professional opinion before doing any work can help give you confidence that you're making the smartest choice for your home and finances.

More here.

 

 

MORTGAGE NEWS

 

 

Mortgage Rates Fall to All-Time Lows

According to the Mortgage Bankers Association's (MBA) Weekly Applications Survey, average mortgage rates fell last week across all loan categories, including 30-year fixed-rate loans with both conforming and jumbo balances, loans backed by the Federal Housing Administration, and 15-year fixed-rate loans. The drop brought rates to their lowest level since 2012 and matched an all-time survey low.

Joel Kan, MBA's associate vice president of economic and industry forecasting, said that rates fell due to uncertainty about the coronavirus. "Market uncertainty around the coronavirus led to a considerable drop in U.S. Treasury rates last week, causing the 30-year fixed rate to fall and match its December 2012 survey low...," Kan said. "Homeowners rushed in, with refinance applications jumping 79 percent – the largest weekly increase since November 2008."

Kan says that rates should remain low for at least the near future and will help Americans who hope to refinance their home or purchase a house this spring. The MBA's weekly survey has been conducted since 1990 and covers 75 percent of all retail residential mortgage applications.

More here.

 

 

ECONOMIC NEWS

 

 

Goods and Services Deficit Down by $3.3 Billion

According to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis' most recent report on the goods and services deficit, it was down by $3.3 billion in January, to a total of $45.3 billion.

January had $208.6 billion worth of exports which was $0.9 billion less than the month before. The decrease in exports was caused by a decrease in exported civilian aircraft, crude oil, and fuel oil. $253.9 billion worth of imports came into the U.S. in January, which was $4.2 billion less than the previous month's imports. This was mainly caused by a decrease in imported industrial supplies and materials.

In January, the U.S. had the biggest surplus in trade with South and Central America, while the biggest deficits were with China and the European Union.

More here.

 

 

0

Kevin Swift & Candice Randolph (The Swift Team)

Sales Manager
NMLS# 217982; NMLS # 141599
9216 South Toledo Ave.
Tulsa, OK 74137
Direct: 918-902-8951

teamswift@firstunitedbank.com

      G+

0

 

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Average Home Seller Profit Tops $65,000

 

 

 

 

 

It's no secret that home prices have been climbing in recent years. Though increases have slowed from what they were a few years ago, prices are still heading higher.

 

 

 

 

 

That can cause affordability challenges for prospective buyers, especially those who are buying for the first time.

But for current homeowners, higher home prices are welcome news. That's because when home values rise, so does home equity. So, just how much have recent sellers profited from the sale of their home? According to ATTOM Data Solutions, home sellers nationwide realized a home price gain of $65,500 on the typical sale, which is a 13-year high and up from $58,100 the year before. Todd Teta, chief product officer at ATTOM, says 2019 was a great year to be a home seller.

“The nation's housing boom kept roaring along in 2019 as prices hit a new record, returning ever-higher profits to home sellers and posing ever-greater challenges for buyers seeking bargains,” Teta said. “In short, it was a great year to be a seller.” Profits and return on investment have improved now for eight consecutive years, though last year's improvement was the smallest since 2011.

 

 

   

 

 

 

 

 

Homes in Walkable Neighborhoods Sell for More

 

 

 

 

 

Choosing a home to buy means considering everything, from whether the roof is in good condition to whether the neighborhood fits your needs and lifestyle.

 

 

 

 

 

Since you're unlikely to find a home that checks every box on your wishlist, you have to prioritize. Are good schools worth sacrificing the big backyard you've always wanted? Can you stand a longer commute in order to live closer to family and friends?

In short, you've got to make choices about what's most important to you. One factor that seems to be a priority for today's buyers is walkability. In fact, according to one recent analysis by Redfin, home buyers are willing to pay nearly 25 percent more for a home that is within walking distance to amenities like shopping, entertainment, and recreation. That works out to nearly $80,000 more than a similar home in a more car-dependent neighborhood.

While home buyers are clearly interested in living in neighborhoods close to the things they need, the premium they're willing to pay has fallen over the past few years. In fact, since 2016, the premium buyers pay for homes in walkable neighborhoods has declined 2.3 percent.

 

 

   

 

 

 

******************************************************************
click here for the
Most Affordable Place to Live
You are going to surprised!

updated 2-29-2020
*************************************************************************
Click here for UNBELIEVABLE Interest Rates
********************************************************


UPDATED 3-30-2020
brought to you by

Phillip Morrow
Mortgage Loan Officer/AMC Mortgage
Mobile:918.605.0228
NMLS No.492991, AMC Branch NMLS # 182383
7211 South Yale Avenue, Tulsa 74136UPDATED 3-14-2020
Phillip Morrow
Mortgage Loan Officer/AMC Mortgage
Mobile:918.605.0228
NMLS No.492991, AMC Branch NMLS # 182383
7211 South Yale Avenue, Tulsa, OK 74136
**************************************************************************
 How does this
 REAL ESTATE Market
 of today compare to 2019?
February 2019
compared to
February 2020

click on the above to see the report (PDF file)

updated 3-17-2020
*reports are from the MLS Services in Tulsa, Oklahoma*

ONE Look at this report and the first question should be
 "why should I wait?" 
PLEASE take a look at the "SOLD" column and that will answer YOUR question
very LOUD and CLEAR,,,look at the inventory for
 January 2020 as compared to January 2019 also!
   2-29-2020

 

 Best Movers in the Greater Tulsa Area
report provided by Kelli Miller with KOTV-Channel 6
click here to review
updated 10/2018

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Hey, Kid. Wanna Buy a House? Here's Where to Go

Homeownership may seem incredibly difficult to achieve these days, but these 10 cities boast the most youngsters buying homes before they turn 30.

Getting a head start

 

Hey, Kid. Wanna Buy a House? Here's Where to Go


********************************************************************

When Buying YOUR Next Home or YOUR First Home,
 take advantage of our 39+ Years of Experience.
Don't Take chances with such a Purchase
Choose the Very Best


The "Eagle" has Landed and
"THE
JilesTEAM"
has done it again. 
As said before,
When you as the Seller and/or the Buyer, want the Best,
YOU call the Best!
YOU call 
"THE
JilesTEAM"


 
 
updated 4-12-2019
We did it again!
2019
tulsapeople Digital Edition
please turn to page 90

As reported in "TulsaPeople Magazine" March 2018 Issue
2016 Art Jiles and
"TheJilesTeam" are Listed in the TOP 100 REALTORS in the Greater Tulsa Area
and again
2017 Art Jiles and
"TheJilesTeam" are Listed in the TOP 100 REALTORS in the Greater Tulsa Area
choose
"TheJilesTeam"

 SIX of the most highly trained, dedicated Real Estate Professionals in the Great Tulsa Real Estate Market. 
 With bright, new, and inventive methods for marketing your home,
 it is no wonder why year after year we are always in the top 5% of the REALTORS in the GREATER Tulsa Area. 


 Art Jiles
 918.258.2298

                   
                                          
                      Mandy Jiles-Kidd       Ashley McConkay       Tammy McCollough         Michelle Hall               
                                918.857.4722            918.809.8580              918.284.6897             918.557.1092                               

         We take care of YOU from the Start to the Finish!
          YOU deserve nothing but the Finest in Service!
**********************************************

      
In Loving Memory of a Wonderful Wife,
Wonderful Mother, Wonderful Grammy,
Wonderful Lover, Wonderful Love,
Wonderful Playmate and My Best Friend
"True Love is Painful"
October 24,1949
June 21, 2015

                                 ***********************************************************************************              

Some Great Signs on Greater Tulsa!

   Yard_Sign.JPG (43670 bytes)     
      This Sign is Good..BUT..This Sign is the Greatest!
     With ALL that we have to give.....
    It is NO wonder that our homes SELL so FAST!
Call US and start packing 

The Greater Tulsa area Schools,,,some of the finest in the nation.

School District Map
Region1.gif (13825 bytes)
Click here for a map of the Greater Tulsa Area

Click here for a Map of Broken Arrow

TULSA AREA SCHOOLS
Please click on the school district for more information
The districts not under lined presently do not have a site.  we will add them when they do.

 1   Tulsa Area School
 1  Tulsa Public Schools
 9  Union Public Schools
 3  Broken Arrow Public Schools
 5  Jenks Public Schools
 4  Bixby Public Schools
11  Owasso Public Schools
 2  Sand Springs Public Schools
14  Liberty Public Schools
13  Glenpool Public Schools
18  Leonard Public Schools
10  BerryHill Public Schools
  8    Sperry Public Schools
  7    Skiatook Public Schools
  6    Collinsville Public Schools
15    KeyStone Public Schools

Tulsa's Climate   
Annual Rainfall...........................................43.40"
Annual Sunshine............................55.4%
Average Temperature 60.3

Tulsa's Population
City.......................................380,000
County..................................530,000


  Median age...........................34.7 years
Under 18..................................24.7%

  Over 65......................................13.4%

Thinking about your Business locating to Oklahoma?
Then check out these Web sites from the Oklahoma Department of Commerce

www.okcommerce.gov/incentives
www.okcommerce.gov/smallbiz
www.okcommerce.gov/spd
www.okcommerce.gov/data
www.okcommerce.gov/training

City/County Services

Tulsa                             918.596.9511       
www.cityoftulsa.org
Jenks                            918.299.5883       
www.jenks.com
Bixby                            918.366.4430        
www.bixby.com
Broken Arrow              918.259.8409         www.brokenarrowok.gov/
Collinsville                   918.371.1010        
www.collinsville.com
Owasso                        918.272.2251        
www.owasso.com
Sand Springs               918.246.2524        
www.ci.sandsprings.ok.us
Sapulpa                        918.224.6220        
www.cityofsapulpa.com
Skiatook                       918.396.2797         www.skiatook.com


Tourist Information for the entire state?  Click here

Want YOUR Hot Water Tank To Last a Little Longer?
(or are wondering why you run out of hot water so quick?)

This is easy!  At least once a year take the time to drain it.  Stuff builds up at the bottom of the tank thus making it difficult to heat the water through all of that build up.  Draining it at least once a year will help get hotter water faster and should keep your hot water tank working for a longer time.  When you are draining the tank use that hot water to wash out the garage or washing the tires on your car.

 

 

 

Becoming a Home Maintenance Pro: Tips for Homeowners

Many homeowners don't think about home maintenance until something breaks, but that's not the best way to take care of your home. Whether you’re a new homeowner or have been settled for years, it’s never too late to cultivate some home maintenance habits. Here are three tips to help you protect your investment and keep your property in good shape for years to come:



Create and Follow a Home Maintenance Schedule
A good place to start is by following a home maintenance schedule. Just as your car needs to have an oil change, your home and yard will need some regular maintenance. Home maintenance schedule apps such as HomeZada and Centriq are an easy way to get yourself on track.

You'll need to mow your lawn, clean your gutters and perhaps even top your trees from time to time. For pest control, you may need to spray or have ground treatment performed a few times a year, too. When it comes to appliances, make sure to send in any warranties and follow the maintenance recommendations in your owner’s manual. For older appliances, many documents can be found online.

Don't be afraid to do some research and speak with professionals about maintenance specific to your location.

Have All of Your Home Systems Checked Regularly
It's important to get your electrical, plumbing and HVAC systems checked annually to keep them in good shape. Some of these tasks can be done yourself; for instance, you might need to clean your air filters, remove debris from the vents and flush out your water heater.

For more technical inspections, check customer reviews on Yelp, Angie's List, Google, Facebook and the BBB when searching for a new company. Always go with one that is experienced, licensed, bonded and insured.

Follow a Cleaning Schedule
Home maintenance often focuses on repair work, but keeping your home clean can be just as important. In addition to once a week tasks such as vacuuming and dusting the shelves, deep cleaning every month or so can save you big in the long run. Moving furniture around, pulling out the washer and dryer to clean behind them and clearing out the garage gives you a chance to inspect for pest problems, water damage and similar issues that can quickly escalate into expensive repairs.

Being a homeowner is very rewarding on many levels, but homeownership comes with a great deal of responsibility. As long as you put in some effort on a regular basis, you should have no problem keeping your home in good repair.

Are you doing the little things homebuyers

 LOVE?
 

March 14 2019

There’s never been a better time to sell a home!  We are selling homes faster than at this same time last year.  Think about it, but don't think about it too long or you just might miss out!

Millennials are ready for homeownership and renters are seeing consistent rent increases. This means more buyers than ever are on the market for a home like yours. 

Home equity is also at all-time highs, which makes now the perfect time to sell and get more cash to put toward your next home.

Considering listing your home? Let’s start with the proven ways to maximize your returns: 

1. Clear the clutter. Crammed closets and overfilled garages can give buyers the impression your property is short on space. Declutter aggressively to accentuate the storage possibilities buyers get excited about. 

Pro Tip: Buyers love to open cabinets and drawers. Clear those spaces, too.

2. Maximize the possibilities. A potential home should be a blank slate -- a space buyers can imagine making their own. Keep personal items to a minimum and aim for a neutral look. 

Pro Tip: Set the dinner table so buyers can visualize coming home after a long day.

3. Brighten it up. Expose as much natural light as possible. For darker or interior rooms, use high-wattage bulbs in light fixtures.

Pro Tip: A fresh coat of light paint makes a home feel cheerful and shows pride of ownership.

4. Rearrange the furniture. Can people move around without bumping into furniture? Does the layout invite guests to sit down and relax?

Pro Tip: To invite conversation, don’t make a TV the focal point of any room. 

5. Outside views matter. Exteriors make a critical first impression. Ace yours by repainting your entry door and polishing the door handle. Potted plants on patios or balconies also make the outside of your home feel welcoming.

Pro Tip: Colorful flowers on window sills look great indoors and add to the outside appeal.

Do you need help staging your home? Or maybe you have budget concerns about upgrades needed before you list. Reach out today. Let’s make sure we maximize the appeal of your home, simply and cost-effectively.
updated 3-16-2019

Thinking about a Upgrading or Replacing your Present Security System?
Then check these reviews courtesy of KOTV-Channel 6
Security Systems REVIEWS


Personal note

After a break-in just 2 doors north of my home, I purchased a 1080p, 4 Camera System at a price of about $995.00 called "Arlo".  I purchased it at Bestbuy t


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Home Ownership can benefit you in many ways besides Monetarily.
    Here are some more benefits,,,

1.
Homeowners report better psychological and physical health than non-owners.
2. Homeowners are far less likely to become crime victims than non-owners.
3. Homeowners are more likely to live in neighborhoods with more opportunities for school involvement or participation in neighborhood activities.
4. The average homeowner's net worth is 35 times that of the average renter.
5. Homeowners bring stability to neighborhoods. They move far less frequently than non-owners, and hence are embedded into the neighborhood and community for a longer period.
Source: National Association of REALTORS®

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How does this REAL ESTATE Market
 of today(2020) compare to 2019?


January 2019
WHEN COMPARED TO
January 2020
click on the above to see the report (PDF file)

updated 2-15-2020
*reports are from the MLS Services in Tulsa, Oklahoma*

ONE Look at this report and the first question should be "why should I wait?" 
PLEASE take a look at the "SOLD" column and that will answer YOUR question
very LOUD and CLEAR,,,look at the inventory for
 November 2018 as compared to November 2019 also!
   updated 12-17-2019

From December 2018 through December 2019,
Coldwell Banker Select
 and
"TheJilesTeam"

have SOLD MORE homes than ever before and MORE than ANY other
Real Estate Company in the GREATER Tulsa Area!

We know the methods we use work and work very well, The Results
Prove it.  OUR Past, Present and Future reputation of being an
exception REAL ESTATE Company that always Keeps
our Clients first works!
Coldwell Banker Select has been the LEADER in Closed Sales
for the past 26 Years.

 When it comes to selling YOUR most prized
possession, Choose only the Very Best!


CHOOSE
 
"TheJilesTeam"

at
Coldwell Banker Select


We sell more homes than anyone,
PERIOD!

That is why our inventory is so low,,,WE are Selling just
about everything we place on the Market.

Call ME and GET that NEW Home that YOU have
always wanted while the supply is Still GOOD
and the Interest Rates are Still down 


Think about it!
 Don't get left behind again

updated 2-15-2020

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