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Do you know how much your home’s value has gone up in the past year?

Posted on: February 23rd, 2017 by Aimee Crossland No Comments

February 20, 2017

Michele Corral

|2 M Corral Bus Card

With market fluctuation due to pre-election tumult in 2016, you may be surprised about what the value of your current home is.

 

Here is a chart showing the Median Sales Price for Residential properties in the greater OKC metro area from this last time last year through the end of January 2017.

 Last February, the median sold price was $185,000, but this January it was $199,900! That is a significant jump. Many buyers slowed looking at the end of the summer and the market was very hesitant through the election season.

This is an overall average of the swings of the housing market. However, the trend is definitely upward. It would be fantastic if I could just post an exact amount that YOUR home has gone up in value, but it’s just not that simple.

 

Buyers and lender appraisers factor in so many things that are unique to your home that sets it apart from a smaller property in a less convenient location without the updates or landscaping that you’ve toiled over. To get an accurate picture of a more precise current value for your home, I love to do the research to help my clients compare their home to recently sold similar homes nearby so that we can sell quickly and get top dollar for your home!

With unseasonally warm weather, buyers are coming back out and ready to purchase! If you’re considering selling this year, now is the perfect time to prepare.

 

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