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Tulsa Home Values
The city's median value of homes remained exactly the same from last year.
The median value of all Tulsa-area homes didn't go up a single dollar over the last year, according to a new report by real estate data service Zillow.
But they also held their value, an amazing accomplishment when values for the entire nation went down 9.7 percent at the same time, said Katie Curnutte, a spokeswoman for Zillow.
"Tulsa's very healthy compared to the rest of the nation. There's just a handful of markets with a slow, steady appreciation now, mostly in the Midwest," she said.
The change of exactly zero percent over the last year was an anomaly, according to the report. Zillow estimated the metro area's annualized home value growth over the last 10 years was 4.6 percent.
Chuck Patterson, chairman and chief executive officer of Patterson Realtors, said the overall report concurs with what he's been seeing in the market.
"Across the market, Tulsa homes have held steady," he said.
However, in the short run, Tulsa's homes are taking a hit. Zillow's estimated value change from the second quarter to the third was down 1.7 percent, compared with a drop of 3.3 percent for the nation
as a whole during the same time.
Curnutte said the area's values may decline somewhat in the near future, though Tulsa would remain insulated from much of the housing downturn because it never experienced a housing bubble.
Zillow bases its reports on a number of market indicators, such as home sales and tax valuations.
The reports estimate the values for every home, unlike data provided by the Greater Tulsa Association of Realtors, which records actual sales data each month.
The association reported that the median sales price of a home was $127,000 in September, which was also unchanged from the $127,000 median the same time the year before.
Zillow's estimated median value for all homes in the metro area is $110,477, with the nation's median at $202,966.
Robert Evatt
World Staff Writer - 11/20/2008
1617 E 54th Street Tulsa - $99,900
About Us
The Carnoske Team
A Family business that specializes in Residential Real Estate and Investments. The CARNOSKE TEAM is a Mother/Son effort comprised of Leonor and Robert. A home can be the biggest investment that a person makes in their entire life. Services include and are not limited to guiding you through the process of acquiring your next home and also getting the most out of the one you currently own. The Carnoskes make it their job to keep abreast of what is happening in the Tulsa market and passing that information along to you.
Brief Biography:
Leonor Aristizabal Carnoske was born in Cali, Colombia, South America. She came to the United States as a College exchange student at the University of St. Louis. The Carnoske Family has been in Tulsa since 1980. Robert Carlos Carnoske was born in the United States and is bilingual in both Spanish and English. Considered a Tulsa Native, he attended Monte Casino and Bishop Kelley High School, class of 1995. Robert has a Bachelor of Science in Business Administration from Christian Brothers University class of 1999 in Memphis, TN. Before attaining his Real Estate license Robert had been in the Food/Beverage/Restaurant Industry owning and operating his own business. Wanting to move back to Tulsa Robert joined forces with his Mother to create the Carnoske Team. In an effort to be the best, The Carnoske Team has most recently been recognized by Coldwell Banker as a 2008 International President's Premiere Team. This designation means that they are one of Coldwell Bankers TOP 7% Sale Teams.
