Texoma Real Estate News Blog

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Jan. 22, 2021

Businesses you NEED to visit!

     

Small town with big city energy, Durant is home to a full storm of great businesses that you need to visit. A wide range and variety of food, fashion and fun for family and friends can be found on Main Street and Downtown of Durant. 

     Ceciley Sehi, the new owner of Merle Norman Durant, and her general manager, Brandon Peevyhouse, have made a BIG impact on the streets of Durant. Offering formal and cosmetic services for every need. Brandon and Ceciley with Merle Norman would be delighted to help you find the perfect makeup look while Stephanie and Debbie with Generations, the all on one prom and formal wear stop, find you the perfect gown to match!  

     Annex Games, Durant’s E-Sports Gaming lounge on Main, offers all your favorite tabletop hobby products including D&D, Magic: The Gathering, Pokémon TCG, Warhammer, and Board Games. They also rent time on high-end Gaming PCs, VR stations and consoles. Wanting to be the destination for the Esports and Tabletop community, they offer a sporty and competitive atmosphere.

 

     U-WE Gifts, a local gift and customization shop for any gift giver that even has monthly events to spice up your evenings. Recently hosting a candle and wine night, U-WE creates a beautifully integrated atmosphere of aesthetic pleasure.

     Durant, Oklahoma is host to many amazing businesses and will continue to service your needs in the years to come! 

 

Written by Shalee Buzan


Posted in Monthly Blogs
Dec. 16, 2020

Top 5 Gifts to Give a First-Time Home Buyer

 

The holiday season can either be the most joyous time of the year or the most stressful. You worry about if you got someone the right size, if they actually like matcha or if they don’t have a coffee mug with their initial on it. What do you buy someone if their tee size is “I just bought a house?” Well, here are our top 5 gifts to give that first-time home owner! 

 

3. Picture Hanging Leveling Tool

A perfect solution to everyone’s picture framing fiascos! 

https://www.amazon.com/dp/B07TQKT16K/?coliid=IBF8RYYH4X9DK&colid=2U6RWZ9LCEOAA&psc=1&ref_=lv_ov_lig_dp_it

 

2. Towel Warmer

A gift for someone who loves the at home spa day or the person who is always cold! 

https://www.amazon.com/dp/B004U28JRA/?coliid=I1F2QF3U1CE96C&colid=2U6RWZ9LCEOAA&psc=0&ref_=lv_ov_lig_dp_it

 

3. Personalized Kitchen Towels

Help the new owners personalize their home with names, dates and more!

 

https://www.amazon.com/dp/B07ZF2TZXW/?coliid=I385RX9QQ1CZMX&colid=2U6RWZ9LCEOAA&psc=1&ref_=lv_ov_lig_dp_it

 

4. Personalized Coasters

Something every new homeowner needs, but doesn’t always think of! 

https://www.amazon.com/dp/B0825TFVPQ/?coliid=I3G7NU3U0A1X3E&colid=2U6RWZ9LCEOAA&psc=1&ref_=lv_ov_lig_dp_it

 

5. Commissioned and Customized “First Home” Painting

Make a toast to their new home with a beautiful and special painting! 

Click the link below for examples! Don’t forget to commission a local artist! 

https://www.etsy.com/market/custom_home_painting

 

Give gifts that make their hearts smile this holiday season. 2020 has been one to remember, but let’s make the end of it better by sharing kindness and love! Oh, and don’t forget to shop local! Happy Holidays.

 

Nov. 24, 2020

Local Hotspots in Texoma and Broken Bow

 

 

Every hometown has its own local hotspots and other areas that occupy a lot of the locals' time. These places can either have the yummiest food or the most relaxing atmosphere and help make your town feel more like home. Ever wondered where in Texoma or Broken Bow you should be frequenting? Well, let’s see! 

   

   Texoma is surrounded not only by beautiful lake scenery, but also many cities and towns that can be host to local hotspots. In Durant, OK. You can find Opera House Coffee where college students and other locals relax and have a splendid cup of coffee or tea in a relaxing atmosphere. Opera House is a locally owned coffee shop and have celebrated two years since their grand opening in 2018. Durant also offers a variety of night time activities and entertainment for those night owls who are looking for fun! Durant Main Street hosts monthly events for you and your family including Parades, farmers market and more! Not to mention, Choctaw Casino and Resorts for the ultimate date night! 

 

   Not far away from Durant, Sherman and Denison, Texas offer a wide variety of restaurants for any picky eater including Texas RoadHouse, Olive Garden, City Limits and other yummy destinations. With events every weekend and a fully loaded arcade for the kids and a bar for the big kids, HeyDay Entertainment has everything you need for a family night out. Sherman, Texas also is home to some great shopping strips and antique stores to please any shopaholic!

 

    Need to get away from the hustle and bustle of city life and are interested in the Broken Bow area? Then head to one of the fastest growing tourist spots in Oklahoma! Beavers Bend State Park, Broken Bow Lake, Mountain Fork River and Hochatown have some of the best outdoor activities for everyone. 

   

   You can start your day by hiking through the mountains and rivers in Beavers Bend, have lunch at Grateful Head Pizza, zipline across the Broken Bow Lake and then end your evening dining with Doc Holiday at the rustic and captivating Hochatown Saloon! The Saloon offers a family friendly restaurant during daylight hours, but come dark they clear the dance floor so you can boot-scoot to your heart’s desire! If that doesn’t quite quench your thirst then take the weekend to taste test the many wineries and distilleries in the area or bring the family to Hochatown’s Petting Zoo! 

 

   Finding your future home can be made easy if you love the neighborhood and find a town that meets all of your needs! Live the life you have always dreamed of in the place you call home!  Contact us today for more information and let us help find you your forever home! 



Photos provided by

https://www.facebook.com/operahousedurant/

https://www.facebook.com/HochatownSaloon/?ref=py_c

 

Posted in Market Updates
Sept. 21, 2020

Texoma Real Estate Market Report | August 2020 | COVID 19

COVID 19 - August 2020 Market Report.

I hope you enjoy this data and please like and share with others. If you want custom data in other counties or with land please let me know. Spencer@allovertexoma.com

Professional opinion: August is normally a "slower" month for us in terms of business with school starting and people vacationing but with this year and everyone staying home during pandemic we saw a very similar spring numbers which tells us there is still plenty of buyers in our market. Texoma is still experiencing a volume shortage of sellers so the few sellers that are out there have been successful in getting closing to their list price. We need more houses to sell!  

 

As we continue to go through COVID 19 unknowns professional I can say real estate in Oklahoma has remained strong. Interest rates are still low so we have many buyers looking for houses, if you've ever thought about selling dont miss this great opportunity of a SELLERS MARKET. Call or text us today to get your property listed and sold fast. 580-706-3006

 

Please stay safe and lets get through this together! If you need anything call or text us 580-706-3006 and we can get you some numbers to sell or start searching the market for you.

Houses sold 38
Avg sq footage 1,993
Avg sold price $224,153
Percentage of sold price to listing price 97%
Built in 1980-2020 Avg cost per square foot $120
Avg cost per square foot $110
Avg Days on market 37 days
Highest sold price $550,000
Lowest sold price $48,200
Current listings on market 68
Avg price of current listings $359,136

**The following data is provided by the averages per category in months of 2020. Data source provided by Texoma Board of Realtors via MLS**

Posted in Market Updates
Aug. 21, 2020

Texoma Real Estate Market Report | July 2020 | COVID 19

COVID 19 - June 2020 Market Report.

I hope you enjoy this data and please like and share with others. If you want custom data in other counties or with land please let me know. Spencer@allovertexoma.com

Professional opinion: July we saw a small decrease in average sold per sq foot but that is due to a few lower sales pricing hurting the average. The main statistic from July was SELLERS GOT 99% of their list price which tells us we are still in a sellers market.

 

As we continue to go through COVID 19 unknowns professional I can say real estate in Oklahoma has remained strong. Interest rates are still low so we have many buyers looking for houses, if you've ever thought about selling dont miss this great opportunity of a SELLERS MARKET. Call or text us today to get your property listed and sold fast. 580-706-3006

 

Please stay safe and lets get through this together! If you need anything call or text us 580-706-3006 and we can get you some numbers to sell or start searching the market for you.

Houses sold 37
Avg sq footage 1,822
Avg sold price $199,720
Percentage of sold price to listing price 99%
Built in 1980-2020 Avg cost per square foot $118
Avg cost per square foot $104
Avg Days on market 29 days
Highest sold price $675,000
Lowest sold price $42,500
Current listings on market 76
Avg price of current listings $334,181

**The following data is provided by the averages per category in months of 2020. Data source provided by Texoma Board of Realtors via MLS**

Posted in Market Updates
July 29, 2020

Texoma Real Estate Market Report | June 2020 | COVID 19

COVID 19 - June 2020 Market Report.

I hope you enjoy this data and please like and share with others. If you want custom data in other counties or with land please let me know. Spencer@allovertexoma.com

Professional opinion: June was a better month production wise than May we since we had more closings. Average price per square foot came down a little bit but sellers continued to get 97% of listing price. I think its a great time to sell and upgrade or to build. Older houses continue to get great sales prices while new construction is remaining affordable compared to higher priced older homes. If you want more information email spencer@allovertexoma.com.

 

 

Please stay safe and lets get through this together! If you need anything call or text us 580-706-3006 and we can get you some numbers to sell or start searching the market for you.

Houses sold 44
Avg sq footage 1,997
Avg sold price $239,868
Percentage of sold price to listing price 97%
Built in 1980-2020 Avg cost per square foot $120
Avg cost per square foot $110
Avg Days on market 35 days
Avg bedrooms 3
Avg bathrooms 2
Current listings on market 79
Avg price of current listings $334,734

**The following data is provided by the averages per category in months of 2020. Data source provided by Texoma Board of Realtors via MLS**

Posted in Market Updates
June 24, 2020

Texoma Real Estate Market Report | May 2020 | COVID 19

COVID 19 - May 2020 Market Report.

I hope you enjoy this data and please like and share with others. If you want custom data in other counties or with land please let me know. Spencer@allovertexoma.com

Professional opinion: May in Texoma is par for the course compared to 2019 data on closed sales in May. What is nice to see is new constructions going up in sales, this May we had $126 price per square foot on houses newer than 1980

Values continue to rise as new employees move into the area for work, people are upgrading their homes with new constructions still going on. All of these are strong signs are market is healthy and growing.

 

 

Please stay safe and lets get through this together! If you need anything call or text us 580-706-3006 and we can get you some numbers to sell or start searching the market for you.

Houses sold 31
Avg sq footage 1,915
Avg sold price $223,942
Percentage of sold price to listing price 97%
Built in 1980-2020 Avg cost per square foot $126
Avg cost per square foot $112
Avg Days on market 36 days
Avg bedrooms 3
Avg bathrooms 2
Current listings on market 75
Avg price of current listings $381,868

**The following data is provided by the averages per category in months of 2020. Data source provided by Texoma Board of Realtors via MLS**

Posted in Market Updates
May 12, 2020

April 2020 Market Report

COVID 19 - April 2020 Market Report.

I hope you enjoy this data and please like and share with others. If you want custom data in other counties or with land please let me know. Spencer@allovertexoma.com

Professional opinion: I am shocked to see the data showing April was better than March. We had 49 closed in April and only 28 in March. We had the lockdown in full effect for most of Texoma and we stayed busy in real estate. This is great news for home owners as values seem to continue to rise as the avg sold price per square foot was $102/ft and 112/ft (newer than 1980). The houses were also selling faster as the average days on market was 31 in April.

With more houses being sold in April than in March we can only assume that May will continue to increase as well. The best part of this news is that SELLERS GOT 98% of their list price in April 2020! This is amazing and shows our area is still in a sellers market. We will continue to provide all of our readers and customers with the best , fastest news available. If you want to get your house sold you know Impact Realty has the data to get you accurate estimations on what you can take home, and like you know when you use Impact Realty if you don't like the numbers you don't have to sign.

 

 

Please stay safe and lets get through this together! If you need anything call or text us 580-706-3006 and we can get you some numbers to sell or start searching the market for you.

Houses sold 49
Avg sq footage 1,862
Avg sold price $195,061
Percentage of sold price to listing price 98%
Built in 1980-2020 Avg cost per square foot $112
Avg cost per square foot $102
Avg Days on market 31 days
Avg bedrooms 3
Avg bathrooms 2
Current listings on market 75
Avg price of current listings $344,437

**The following data is provided by the averages per category in months of 2020. Data source provided by Texoma Board of Realtors via MLS**

Posted in Market Updates
April 2, 2020

March 2020 Texoma Market Report

March 2020 Market Report.

I hope you enjoy this data and please like and share with others. If you want custom data in other counties or with land please let me know. Spencer@allovertexoma.com

Professional opinion: March was better than February which is what history shows us. With COVID 19 going on we will likely see the affects of this in 2-5 months ahead. The first time buyer market under $200,000 was very strong in March young families were still active in the market. We saw in increase in sold per sq foot which tells us the market in March was continuing to go up. Sellers got 96% on average of what they listed so to me that is also confirmation in having a sellers market. Will we see that change in the future?

 

What will April and the following months look like? I believe we will lose many looky lou's or buyers who were on the fence. Houses will continue to sell and the buyers that remain active will be solid legit buyers not wasting anyone's time during these crazy times of staying distanced. We will have more listings come available with sellers struggling to make ends meet during job loss and pay suspension, as of now we don't have clarity on loan forgiveness programs from banks but this will not be as severe as it was in 2008, Oklahoma won't have the major real estate market crash nor do I think anyone nationally will (compared to 2008). Vacation areas may take a harder hit then non tourist locations. In real estate its very hard to lose value but I do anticipate more listings to hit the market and maybe an adjustment to a buyers market which will force sellers to be more aggressive in their price. Please follow the {Percentage of sold price to listing price} on our data sheets to track that.

 

Please stay safe and lets get through this together! If you need anything call or text us 580-706-3006 and we can get you some numbers to sell or start searching the market for you.

Houses sold 28
Avg sq footage 1,894
Avg sold price $172,811
Percentage of sold price to listing price 96%
Built in 1980-2020 Avg cost per square foot $108
Avg cost per square foot $96
Avg Days on market 42 days
Avg bedrooms 3
Avg bathrooms 2
Current listings on market 112
Avg price of current listings $344,860

**The following data is provided by the averages per category in months of 2020. Data source provided by Texoma Board of Realtors via MLS**

Posted in Market Updates
March 3, 2020

February 2020 Market Report

February 2020 Market Report.

Professional opinion: The winter months normally can favor a buyer in getting a better price because not many people are moving around Christmas or the holidays. We saw in February 2020 avg price per sq foot go down but the sellers were still getting 97% of their asking price so that tells us we are still serving a sellers market. If you look at how many current listings we have we almost tripled our January inventory so the sellers are starting to increase and we should see more listings in March as we head into spring season. I hope you enjoy this data and please like and share with others. If you want custom data in other counties or with land please let me know. Spencer@allovertexoma.com

Houses sold 36
Avg sq footage 1,734
Avg sold price $148,696
Percentage of sold price to listing price 97%
Built in 1980-2019 Avg cost per square foot $100
Avg cost per square foot $94
Avg Days on market 50 days
Avg bedrooms 3
Avg bathrooms 2
Current listings on market 109
Avg price of current listings $264,301

**The following data is provided by the averages per category in February. Data source provided by Texoma Board of Realtors via MLS**

Posted in Market Updates