Scottsdale, Arizona is a vibrant city with a thriving real estate market. Whether you're looking for a luxurious estate or a cozy starter home, Scottsdale offers a range of options. In this article, we'll explore the current state of the Scottsdale housing market, including trends and forecasts for 2023. Scottsdale is a suburb of Phoenix, sitting on the eastern side of Maricopa County.

It is overshadowed by Phoenix unless you’re a golf aficionado or watch baseball. Scottsdale is home to around a quarter-million people, making it one of the largest suburbs in the Phoenix metro area. The city is roughly a twenty-minute drive to the famous Phoenix Sky Harbor International Airport. It retains its suburban feel despite heavy development and tourist attractions.

The area contains a mix of families, young professionals, and retirees. There are several reasons to consider investing in Scottsdale real estate. Over the last five years, data shows a stable Scottsdale housing market with average sale point and price per square foot seeing a steady increase. If you are an investor, Scottsdale has a track record of being one of the best long-term real estate investments in the nation.

Scottsdale Housing Market Update

If you're considering buying or renting a home in Scottsdale, AZ, it's important to have an idea of the current housing market. Here is an overview of the housing market in Scottsdale, AZ in April 2023, based on data from Realtor.com®.

Median Listing Home Price vs. Median Home Sold Price

The median listing home price in Scottsdale, AZ in April 2023 was $925K, which represents a 2.8% increase compared to the previous year. On the other hand, the median home sold price was $796K. The sale-to-list price ratio was 98.18%, which means that homes in Scottsdale, AZ were sold on average 1.82% below their asking price in April 2023.

Sale-to-list price ratio is an important metric in real estate that shows the percentage of the listing price that a home sold for. A higher sale-to-list price ratio indicates a stronger seller's market, while a lower ratio suggests a buyer's market.

Median Days on Market

On average, homes in Scottsdale, AZ sold after 68 days on the market in April 2023. This is a slight increase compared to last year. The median days on market can provide valuable information for buyers and sellers. For buyers, a longer median days on market can suggest that there's less competition, while for sellers, it can indicate a need to adjust the asking price or marketing strategy.

Overall, the housing market in Scottsdale, AZ in April 2023 is a seller's market, with homes selling for slightly below their asking price and a low inventory of homes available for sale. However, with a range of options available, buyers and renters can still find a home that fits their needs and budget.

Scottsdale Real Estate Market Forecast 2023-2024

Scottsdale, AZ, has been a popular real estate market for years, and its popularity only seems to be increasing. With its sunny weather, vibrant culture, and luxurious amenities, Scottsdale has become a favorite for those seeking a high-quality lifestyle. With the growing interest in the region, it is essential to understand the Scottsdale real estate market forecast for 2023-2024.

As of March 31, 2023, the average home value in Scottsdale, AZ, is $753,075, up 0.6% over the past year. The median time for a home to go to pending in the Scottsdale area is 45 days. The median sale-to-list ratio is 0.968, which indicates that homes are selling slightly below their list price. In February 2023, 9.1% of homes sold above their asking price, and 78.8% sold under the asking price.

The Scottsdale real estate market forecast for 2023-2024 is optimistic, with the market expected to remain strong and stable. The real estate market forecast for Scottsdale is partly dependent on the forecast for the metropolitan statistical area (MSA) it belongs to, which is Phoenix, AZ.

According to Zillow, the Phoenix, AZ MSA is expected to have a -0.3% decline in home values by April 30, 2023, followed by a -0.8% decline by June 30, 2023. However, the MSA is forecasted to have a 1.5% increase in home values by March 31, 2024.

While the Phoenix MSA's real estate market forecast may seem disheartening, it is important to note that Scottsdale's real estate market does not always follow the same trend. Scottsdale's real estate market forecast may differ slightly from the forecast for the Phoenix MSA.

Reasons for Scottsdale's Stable Real Estate Market

One of the primary reasons for Scottsdale's stable real estate market is the limited availability of land for new construction. Scottsdale is surrounded by mountains and preserves, making it difficult to build new housing developments. This limited supply of housing has helped keep home values and demand high.

Additionally, Scottsdale is a popular destination for retirees, second-home buyers, and young professionals, which increases the demand for housing. The area also has a thriving job market, with a focus on healthcare, technology, and tourism, which draws in new residents.

In conclusion, the Scottsdale real estate market forecast for 2023-2024 is optimistic, with the market expected to remain strong and stable. Although the Phoenix, AZ MSA's real estate market forecast shows a decline in home values, the limited availability of land in Scottsdale and the demand for housing from various demographics help keep the area's real estate market stable. With the growing interest in Scottsdale's luxurious lifestyle and amenities, it is not surprising that the area continues to be a sought-after destination for homebuyers.

Scottsdale Real Estate Investment Overview

Scottsdale, Arizona is a highly desirable location for real estate investment. With its warm climate, stunning natural scenery, vibrant nightlife, and high-quality educational institutions, Scottsdale has something to offer for everyone. The city has been ranked as one of the best places to live in the United States, and it is not hard to see why.

The Scottsdale real estate market has been thriving in recent years. The average home value in Scottsdale is $753,075, up 0.6% over the past year, indicating that the market is relatively stable. The median days to pending is around 45 days, indicating that the market is quite competitive, with homes selling quickly.

There are many investment opportunities in Scottsdale, ranging from single-family homes to multifamily properties. The city has a diverse range of properties available, from luxury homes to more affordable options. One of the most promising investment opportunities in Scottsdale is in rental properties. The rental market is strong, with a median rent of $2,750 per month. The city has a high demand for rental properties, making it a great location to invest in rental real estate.

Another promising area for real estate investment in Scottsdale is in commercial real estate. The city has a thriving economy, with a range of businesses and industries that are in need of commercial space. With a growing population and a strong economy, the demand for commercial real estate is likely to continue to grow in the coming years.

The Excellent Quality of Life

A city in a large metropolitan area is competing with every other city for residents. If the city is poorly managed or simply deteriorates, it’ll lose residents who only have to move a few miles to get away from it. In this regard, Scottsdale real estate investment is a wise choice because the city stands out in terms of quality of life. We’ll ignore the golf courses and focus instead on A-rated public schools and family-friendly amenities. They could do a little better on crime, but there are areas in Phoenix real estate market that are far worse.

Scottsdale's Job Market

Scottsdale is also an emerging tech market, with companies GoDaddy, Yelp, Paypal, Indeed.com, and Paradigm Tech all opening offices downtown. This is a great town for businesses, including small businesses and entrepreneurs. The Scottsdale job market has consistently averaged an unemployment rate a full point lower than the state average and roughly half a point lower than the Phoenix metro area average. That alone would bolster the Scottsdale housing market. However, the relatively high property values mean much work here but live in other cities. Yet it contributes to a higher-than-expected rental rate in the Scottsdale housing market. Ironically, the high per capita income of 54K per person, twice the state average, drives up rents and housing prices.

Scottsdale's Tourist Market

Scottsdale is famous among locals for its Fashion Square Mall. However, you see more people coming here on vacation to enjoy the 200 local golf courses, many of which are world-class. Others come to see the Major League Baseball teams in spring training in Scottsdale. Others stay in Scottsdale while watching teams practice in nearby Mesa. All of this explains why the city has the fourth-largest number of AAA four-diamond hotels in the United States. The nature of the tourist market, though, gives you the ability to rent out properties both nightly and for weeks at a time.

The Diverse Scottsdale Rental Market

The Scottsdale housing market has a more diverse rental market than just catering to those who can’t afford to buy a single-family home. For example, the area is famous for its snowbirds, retirees who come for the winter before returning home. Some of them buy a one or two-bedroom home to live in for half the year. Others rent such properties. While many live in Sun City and other age-restricted communities, others choose to rent elsewhere in the Scottsdale real estate market.

They’ll prioritize amenities, proximity to healthcare providers, and low maintenance over cost in many cases. This population also increases the demand for RV-friendly homes and trailer parks. That provides an unusual play for those who want to profit off affordable housing in the Scottsdale housing market but don’t want to deal with Section 8 rentals.

Latest Rental Trends

As of May 2023, the average rent for a 1-bedroom apartment in Scottsdale, AZ is currently $1,854. This is a 3% increase compared to the previous year. Over the past month, the average rent for a studio apartment in Scottsdale increased by 1% to $1,670. The average rent for a 1-bedroom apartment increased by 1% to $1,854, and the average rent for a 2-bedroom apartment remained flat.

Arizona is landlord-friendly compared to neighboring states like Nevada and California. What makes it notable is that it is becoming more landlord-friendly. For example, the city is passing laws that make it easier for landlords to enter units to make repairs. The state is making it easier to discard abandoned personal property and limiting appeals by those going through eviction. And it was already relatively fast and easy to evict people in Arizona.

The Scottsdale real estate investment options include the short-term rental market. The city requires short-term and vacation rentals to be registered with the county. Landlords must pay the transaction privilege sales tax and transient tax. A sales tax license is required. However, that’s simply the city saying you can rent out these units if you pay the same taxes that hotels do. The rest of the city’s regulations make the Scottsdale real estate market-friendly for renting out via sites like Airbnb.

They don’t limit short-term rentals to a tourist district. You can rent out both the main house and accessory dwelling unit on the same property. And state law doesn’t give cities the ability to apply new regulations that essentially ban short-term rentals. However, homeowners associations can regulate these types of properties, so do your research before you buy a Scottsdale real estate investment property assuming you can generate short-term rental income.

The Geographic Constraints

The Scottsdale real estate market is certain to experience appreciation for the same reason the local quality of life is so good – it is nearly surrounded by parks. The northern end of the city touches Tonto National Forest. The western edge borders McDowell Mountain Regional Park. Homes with views and access to the national parks command a premium. Fort McDowell is a Native American reservation likewise off-limits. Tempe, Phoenix, and Mesa are all heavily developed. The city simply doesn’t have much room to expand to meet demand. This means the newest development will require redevelopment, increasing the cost of such properties and the value of existing housing stock.

At first glance, Scottsdale seems like a home buyer’s dream. It is full of suburban neighborhoods. The median household income is more than 70,000 dollars a year, and that’s pulled down by a retiree population so large that the average age is 46. However, affordability in the Scottsdale real estate market is relative. The median wage is 73,000 but the median home price is approaching 400,000 dollars a year. This means many cannot afford to own a home though they may want to.

This drives demand for rentals in the Scottsdale housing market. It is surprisingly only a third of the residents rent, though this is somewhat higher than the 20 percent average for the area. Conversely, the high-paying jobs in the area are one reason many people move here, generating demand for rental properties by new residents.

The Relatively Low Tax Burden

Arizona has a surprisingly low property tax rate. It averages 0.85 percent of the property’s assessed value, while the national average hovers around 1.1 percent. Another benefit of Arizona real estate law is that the state limits the increases in the assessed value of property to 5 percent (or less) per year. This means your property taxes probably won’t rise at the same rate as the property value. That’s good since the Scottsdale housing market saw an appreciation of roughly five percent last year and is predicted to see at least 2 percent growth in 2019. Income taxes are competitive with the rest of the country and a bargain compared to tax-and-spend states like California, too.

Summary

Buying an investment property is different from buying an owner-occupied home. Whether you are a beginner or a seasoned pro you probably realize the most important factor that will determine your success as a Real Estate Investor in Scottsdale, AZ is your ability to find great real estate investments in that area. Buying in a market with increasing prices, low interest, and low availability requires a different approach than buying in a cooler market.

We strive to set the standard for our industry and inspire others by raising the bar on providing exceptional real estate investment opportunities in the U.S. growth markets. We can help you succeed by minimizing risk and maximizing profitability.

The other best place to invest in real estate is Bakersfield, CA. Bakersfield is developing and diversifying, maturing beyond the farming hinterland that led it to be written off as a California backwater. Its stabilized real estate market won’t offer skyrocketing property valuations or equally shocking rental rates, but that makes it a good choice for investors seeking solid, steady returns.

Whether seasonal workers who will never settle down or locals whose seasonal employment precludes homeownership, this has created a strong rental market. Median rents hover around 1500 dollars a month for single-family homes in the Bakersfield real estate market. When you take apartments into account, the median monthly rent is a little under a thousand dollars a month.

Another sizzling market to invest in real estate in 2019 is Honolulu, HI.  The Honolulu real estate market is dense, profitable, and unable to grow except at the margins. This will result in high returns for almost any Honolulu real estate investment property. The possibility of staying for free in a Hawaii condo or bungalow you own is just a bonus.

There is a rising demand for rental units year-over-year. The issue however is that rent prices are too high to be affordable for many renters. Housing in Honolulu is expensive, and the relatively large number of people working in low-pay retail and tourism jobs results in many who will never be able to afford to own a home or condo. Roughly sixty percent of Hawaii residents are cost-burdened renters, people who spend more than a third of their income on rent. Compounding the matter is that they’re competing with several large pools of renters who are almost immune to local economics, driving up rental rates.

Let us know which real estate markets you consider best for real estate investing! If you need expert investment advice, you may fill-up the form given here. One of our investment specialists will get in touch with you to discuss all facets of searching for, buying, and owning a turnkey investment property.

*Remember, caveat emptor still applies when buying a property anywhere. The information contained in this article was pulled from third-party sites mentioned under references. Although the information is believed to be reliable, Norada Real Estate Investments makes no representations, warranties, or guarantees, either express or implied, as to whether the information presented is accurate, reliable, or current. All information presented should be independently verified through the references given below. As a general policy, Norada Real Estate Investments makes no claims or assertions about the future housing market conditions across the US.

References

Housing Market Data, Trends & Statistics
https://scottsdalerealtors.org/
https://scottsdalerealtors.org/benefits/market-data/
https://www.zillow.com/scottsdale-az/home-values
https://www.redfin.com/city/16660/AZ/Scottsdale/housing-market
https://www.neighborhoodscout.com/az/scottsdale/real-estate
https://www.realtor.com/realestateandhomes-search/Scottsdale_AZ/overview
https://www.zillow.com/phoenix-mesa-scottsdale-metro-az_r394976/home-values

Landlord friendliness
https://www.avail.co/education/laws/arizona-landlord- space here tenant-laws
https://www.mashvisor.com/blog/ more spaces here 5-most-landlord-friendly-states
https://www.american-apartment-owners-association.org/property-management/latest-news/another-state-goes-landlord-friendly

Short term rentals
https://www.scottsdaleaz.gov/codes/vacation-short-term-rentals

Quality of life
https://www.niche.com/places-to-live/scottsdale-maricopa-az

Job market
https://www.areavibes.com/scottsdale-az/employment

Snowbirds
https://www.tripsavvy.com/what-is-a-snowbird-2683049

Geographic constraints
https://en.wikipedia.org/wiki/Fort_McDowell,_Arizona

Tourist
https://imaginesports.com/news/2018-cactus-league
https://livability.com/az/scottsdale/things-to-do/8-reasons-to-move-to-scottsdale-az

Taxes
https://www.tripsavvy.com/arizona-property-tax-2682000
https://smartasset.com/taxes/arizona-property-tax-calculator

The Santa Fe housing market has been on a steady rise, with homes selling at an average of 3 offers per property, according to data from Redfin. In March 2023, the median sale price of homes in Santa Fe was $539K, up 9.4% from the previous year. This article explores the current state of the housing market in Santa Fe, including sale prices, the competitiveness of the market, migration trends, and natural hazards and environmental risks.

Santa Fe Sale Prices

The median sale price of a home in Santa Fe was $539K in March 2023, representing a 9.4% increase from the previous year. The median sale price per square foot was $339, which represents a 1.5% decrease from the previous year. These numbers indicate a healthy market that has been steadily rising over the past year.

Competitiveness

The Santa Fe housing market is considered somewhat competitive, according to Redfin's Compete Score. Homes sell in around 48.5 days, and some properties receive multiple offers. The average homes sell for about 2% below list price and go pending in around 49 days. Hot homes can sell for around list price and go pending in around 15 days. These numbers indicate a market that favors sellers, but buyers can still find good deals.

Migration Trends

Around 0.32% of homebuyers searched to move into Santa Fe from outside metros. Los Angeles homebuyers searched to move into Santa Fe more than any other metro, followed by San Francisco and Washington. However, 62% of Santa Fe homebuyers searched to stay within the Santa Fe metropolitan area. Tucson was the most popular destination among Santa Fe homebuyers, followed by Boise and Portland.

The statistical data indicates a flourishing Santa Fe housing market that has exhibited steady growth over the last year. Although sellers have the upper hand, purchasers can still find favorable bargains. The city of Santa Fe is a highly sought-after destination for homebuyers both within and outside the metropolitan region. However, potential buyers must take into account the natural hazards and environmental risks prevalent in the area. Nevertheless, Santa Fe remains an alluring location for those seeking a distinctive and picturesque place to reside.

Is Santa Fe a Seller's Real Estate Market?

The following housing market trends are based on single-family, condo, and townhome properties listed for sale on Realtor.com. Land, multi-unit, and other property types are excluded.  Santa Fe, New Mexico, is a city known for its rich cultural heritage, vibrant arts scene, and stunning natural landscapes. It is also a sought-after location for homeowners looking for a unique lifestyle and excellent investment opportunities.

If you're considering buying or selling a home in Santa Fe, it's essential to understand the current trends and statistics of the local housing market. In this blog post, we'll explore the most recent data on the Santa Fe, NM housing market, including median home prices, sale-to-list price ratio, and median days on the market.

Median Listing Home Price

In April 2023, the median listing home price in Santa Fe, NM was $654.9K, reflecting a 10.1% year-over-year increase. This indicates a healthy appreciation in home values, making Santa Fe, NM, a potentially profitable market for sellers. The median listing home price per square foot was $362, which is slightly higher than the national average. This suggests that buyers are willing to pay a premium for the unique character and charm of homes in Santa Fe.

Sale-to-List Price Ratio

According to realtor.com®, homes in Santa Fe, NM sold for approximately the asking price on average in April 2023. The sale-to-list price ratio was 99.41%, indicating that buyers and sellers were on relatively equal footing in negotiations. This high ratio also suggests that the demand for homes in Santa Fe, NM, is relatively strong, with buyers willing to pay a fair price for desirable properties.

Market Balance

In April 2023, Santa Fe, NM, was considered a balanced market, with the supply and demand of homes being relatively even. This means that neither buyers nor sellers have a significant advantage in negotiations. However, it's worth noting that this can vary by neighborhood, price range, and property type. It's always a good idea to work with an experienced real estate agent who can provide you with up-to-date insights into the local market conditions.

Median Days on Market

The median days on the market for homes in Santa Fe, NM, was 57 days in April 2023. This is slightly higher than the national average, indicating that homes in Santa Fe may take a bit longer to sell. However, it's worth noting that the trend for median days on the market in Santa Fe, NM, has gone down since last month, and slightly up since last year. This could be a positive sign for sellers, indicating that demand for homes is increasing.

Santa Fe Real Estate Market Forecast 2023-2024

The Santa Fe real estate market has been steadily growing over the past year, with the average home value at $528,208, reflecting a 2.7% year-over-year increase as of March 31, 2023. Additionally, the median time to pending is around 29 days, indicating a healthy demand for homes in the area.

MSA Level Forecast 2024

The Santa Fe real estate market is poised for continued growth in 2023-2024, with the average home value expected to increase and the median time to pending remaining stable. Homebuyers and sellers can use this information to make informed decisions about buying or selling a home in Santa Fe. However, it's important to note that the real estate market can be unpredictable, and working with an experienced real estate agent can provide valuable insights and advice for navigating the market.

Santa Fe County is located in the U.S. state of New Mexico. As of the 2010 census, the population was 144,170, making it New Mexico's third-most populous county, after Bernalillo County and Doña Ana County. Its county seat is Santa Fe, the state capital. Also, the Santa Fe Metro Area is centered on the city of Santa Fe, which only encompasses the county of Santa Fe.

Santa Fe’s real estate dynamic stretches across the Mountain States and elsewhere in the country, where similar factors are in play: a shortage of homes on the market, new home construction failing to meet demand, steeply increasing home construction costs, and a shortage of construction workers.

The Santa Fe Housing Market Area (HMA) is coterminous with Santa Fe County and the Santa Fe, NM Metropolitan Statistical Area in north-central New Mexico, approximately 60 miles northeast of Albuquerque between the Sangre de Cristo mountain range and the Valles Caldera National Preserve.

The Santa Fe metropolitan statistical area (MSA) is expected to see growth in home values in 2024. Zillow predicts a 2.5% increase in home values by March 31, 2024, which is in line with the overall forecast for Santa Fe. This growth can be attributed to the continued demand for homes in the area and the limited supply of available properties.

Santa Fe Real Estate Investment Overview

Is it worth buying a house in Santa Fe, NM? Investing in real estate is touted as a great way to become wealthy.  Many real estate investors have asked themselves if buying a property in Santa Fe is a good investment. You need to drill deeper into local trends if you want to know what the market holds for the year ahead.

When considering a real estate investment in Santa Fe, New Mexico, there are several factors to take into account. Here's an overview of some key points to consider when deciding whether or not to invest in the Santa Fe real estate market.

It Has a Strong, Diversified Economy

Santa Fe's economy is primarily driven by tourism, healthcare, government, and education. The city has a relatively low unemployment rate of around 4%, which is lower than the national average. Additionally, Santa Fe has a relatively high median household income of around $70,000, which is higher than the national average. These factors indicate a stable and healthy economy that could provide a solid foundation for real estate investment.

Property Values Are Appreciating

As we discussed earlier, property values in Santa Fe have been rising over the past year, reflecting a 2.7% year-over-year increase as of March 31, 2023. Zillow's forecast predicts that this trend will continue in 2023-2024, with a 2.5% increase in home values by March 31, 2024. These figures suggest that investing in Santa Fe real estate could be a wise long-term investment.

There Is a Large Rental Population

Santa Fe has a significant rental population, with around 40% of residents renting their homes. This indicates that there is a strong demand for rental properties in the area. Additionally, the median rent in Santa Fe is around $1,500, which is higher than the national average. These factors suggest that investing in a rental property in Santa Fe could provide a solid return on investment.

Seasonal Demand Creates an Unusual Opportunity

Santa Fe is a popular tourist destination, particularly during the summer months, which can create seasonal demand for rental properties. This could be an advantage for real estate investors who are looking to rent out their properties on a short-term basis. However, it's important to note that the seasonal demand can also create higher competition for properties during peak tourism season.

It Is More Landlord Friendly than a Few of the Alternatives

New Mexico has landlord-friendly laws, which can provide advantages for real estate investors. For example, landlords have the right to collect a security deposit, charge late fees, and evict tenants for non-payment of rent or lease violations. These laws provide protections for landlords and could make investing in Santa Fe real estate more attractive.

It Is Tax-Friendly for Property Owners

New Mexico has relatively low property taxes, which can be an advantage for real estate investors. Additionally, the state does not have an estate tax or inheritance tax, which could make transferring property to heirs more affordable.

Conclusion

Santa Fe is often overlooked in favor of larger cities in New Mexico or the more exotic, touristy destinations like Taos. However, the recovering real estate market is ripe for investment. Buying an investment property is different from buying an owner-occupied home. Whether you are a beginner or a seasoned pro you probably realize the most important factor that will determine your success as a Real Estate Investor in Santa Fe, NM is your ability to find great real estate investments in that area.

According to real estate experts, buying in a market with increasing prices, low interest, and low availability requires a different approach than buying in a cooler market. We strive to set the standard for our industry and inspire others by raising the bar on providing exceptional real estate investment opportunities in the U.S. growth markets. We can help you succeed by minimizing risk and maximizing profitability.

This article aimed to educate investors who are keen to invest in Santa Fe real estate. Purchasing an investment property requires a lot of study, planning, and budgeting. Not all deals are solid investments. We always recommend doing your research and taking the help of a real estate investment counselor.

The other best place to invest in real estate in Albuquerque, NM. Albuquerque is an often overlooked real estate market in the West because it doesn’t make headlines. However, the strong fundamentals and positive long-term outlook make it a great place to consider investing. Data by Redfin shows that the Albuquerque housing market is not that competitive. Only a few homes in Albuquerque receive multiple offers. The average homes sell for about 3% above the list price and go pending in around 12 days. However, a hot listing can sell for about 7% above the list price and go pending in around just 5 days.

Another sizzling market to invest in real estate in Sacramento, CA. Sacramento is an island of sanity in an overpriced, over-regulated, and overheated West Coast housing market. It reflects the California ideal that most of the state has lost, and that’s we recommend it to investors over the “hotter” California metro areas. These are the same factors causing many Californians themselves to vote with their feet and move here instead of moving out of the state altogether.

One of the reasons to snap up a Sacramento real estate investment over one in the hotter real estate markets is that the area is safer overall. Sacramento has a slightly higher property crime rate than other big cities in the cities, but Sacramento has a much lower violent crime rate. People are more concerned about being mugged, raped, or murdered than having their car broken into. The nonviolent crime stats are also skewed due to the more lenient authorities in San Francisco and Los Angeles.

Let us know which real estate markets you consider best for real estate investing! If you need expert investment advice, you may fill up the form given here. One of our investment specialists will get in touch with you to discuss all facets of searching for, buying, and owning a turnkey investment property.

Remember, caveat emptor still applies when buying a property anywhere. The information contained in this article was pulled from third-party sites mentioned under references. Although the information is believed to be reliable, Norada Real Estate Investments makes no representations, warranties, or guarantees, either express or implied, as to whether the information presented is accurate, reliable, or current. All information presented should be independently verified through the references given below. As a general policy, the Norada Real Estate Investments makes no claims or assertions about the future housing market conditions across the US.

References

• https://www.zillow.com/santa-fe-nm/home-values
• https://www.movoto.com/santa-fe-nm/market-trends
• https://www.neighborhoodscout.com/nm/santa-fe/real-estate
• https://www.redfin.com/city/18007/NM/Santa-Fe/housing-market
• https://www.realtor.com/realestateandhomes-search/Santa-Fe_NM/overview
• https://livability.com/nm/santa-fe/business
• https://www.forbes.com/places/nm/santa-fe
• https://www.bestplaces.net/housing/city/new_mexico/santa_fe
• https://sparkrental.com/new-mexico-rental-laws-guide                         
• https://www.rentcafe.com/blog/renting/states-best-worst-laws-renters
• http://money.com/money/4533659/where-retirees-go-winter-months
• https://www.areavibes.com/santa+fe-nm/cost-of-living
• https://www.santafenewmexican.com/life/real_estate/santa-fe-home-prices-increase-as-inventory-goes-down/article_1c24acac-1f61-5da6-a1b1-8415e271238c.html

Asheville, North Carolina sits in the Blue Ridge Mountains in the western part of the state. This area is often overlooked in favor of larger cities like Charlotte or Durham. However, the area has its own attractions whether you’re a tourist or considering Asheville real estate investment. Asheville proper is home to around ninety thousand people. The Asheville housing market is larger than this, though, when you take the five-county metropolitan area into account. The larger Asheville real estate market is home to over four hundred thousand people.

Asheville Housing Market Update

The housing market in Asheville Metropolitan Statistical Area (MSA) has experienced significant changes in the first quarter of 2023. The data from the Local Market Update for March 2023 show some interesting trends in the region's real estate market. Let us dive into each metric in detail using the report published by the Canopy Realtor® Association.

New Listings:

New listings in Asheville MSA decreased by 13.6% in March 2023, compared to March 2022. The decline was more significant in the year-to-date (YTD) period, with a 13.7% reduction in new listings in 2023. The decline in new listings can be attributed to the low inventory of homes for sale in the area.

Pending Sales:

The number of pending sales in Asheville MSA decreased by 14.3% in March 2023, compared to March 2022. Similarly, there was a 15.2% reduction in pending sales in the YTD period in 2023. The decline in pending sales can also be attributed to the low inventory of homes for sale in the area.

Closed Sales:

Closed sales in Asheville MSA decreased by 22.0% in March 2023, compared to March 2022. In the YTD period in 2023, there was a more significant decrease of 26.1% in closed sales. This trend can be attributed to the low inventory of homes for sale in the region, which is driving up prices.

Median Sales Price:

The median sales price in Asheville MSA was $378,695. It increased by 1.0% in March 2023, compared to March 2022. In the YTD period in 2023, there was a 6.8% increase in median sales price. The increase in median sales price can be attributed to the high demand for homes in the region, coupled with the low inventory of homes for sale.

Average Sales Price:

The average sales price in Asheville MSA was $446,002. It decreased by 0.6% in March 2023, compared to March 2022. However, in the YTD period in 2023, there was a 4.9% increase in average sales price. The increase in average sales price can be attributed to the high demand for homes in the region, coupled with the low inventory of homes for sale.

Percent of Original List Price Received:

The percent of original list price received in Asheville MSA was 95.0%. It decreased by 4.6% in March 2023, compared to March 2022. In the YTD period in 2023, there was a 3.8% decrease in the percent of original list price received. This trend indicates that buyers in the region are negotiating lower prices with sellers.

List to Close:

The list to close metric in Asheville MSA increased by 12.9% in March 2023, compared to March 2022. Similarly, there was a 12.8% increase in list to close in the YTD period in 2023. This trend can be attributed to the low inventory of homes for sale in the region, which is leading to longer closing times.

Days on Market Until Sale:

The days on market until sale metric in Asheville MSA was 48. It increased by 29.7% in March 2023, compared to March 2022. In the YTD period in 2023, there was a 35.1% increase in days on market until sale. This trend can be attributed to the low inventory of homes for sale in the region, which is leading to longer periods on the market.

Average List Price:

The average list price of homes for sale in Asheville MSA was $562,071. It increased by 19.7% in March 2023, compared to March 2022. In the YTD period in 2023, there was a 17.1% increase in the average list price. This increase in average list price can be attributed to the high demand for homes in the region, coupled with the low inventory of homes for sale.

Inventory of Homes for Sale:

The inventory of homes for sale in Asheville MSA increased by 24.1% in March 2023, compared to March 2022. However, there is no year-to-date data available for this metric. This increase in inventory of homes for sale can be attributed to the high demand for homes in the region, which has led to an increase in new construction.

Months Supply of Inventory:

The months supply of inventory in Asheville MSA was 1.7 months. It increased by 54.5% in March 2023, compared to March 2022. However, there is no year-to-date data available for this metric. This increase in months supply of inventory can be attributed to the increase in inventory of homes for sale, coupled with the decrease in pending and closed sales.

Overall, the real estate market in Asheville MSA is experiencing a significant shift towards a seller's market due to the high demand for homes in the region and the low inventory of homes for sale. This trend is leading to an increase in home prices and longer periods on the market for homes for sale. However, the increase in new construction and inventory of homes for sale may lead to a more balanced market in the future.

Asheville Housing Market Forecast 2023-2024

According to Zillow data, the Asheville housing market is projected to experience a 2.1% increase in home values by March 2024. The average home value in Asheville is currently $442,767, which is a 7.2% increase over the past year. Additionally, homes in Asheville are selling quickly, with a median of 14 days to go pending.

The forecast for the Asheville, NC Metropolitan Statistical Area (MSA) indicates a modest growth of 0.2% by April 30, 2023, and a slight decrease to 0.1% by June 30, 2023. However, by March 31, 2024, the region is expected to experience a 2.1% increase in home values. This forecast suggests that the housing market in Asheville may continue to grow in the near future, making it an attractive option for both buyers and sellers.

The Asheville housing market has seen steady growth over the past year, with home values increasing by 7.2%. This increase may be due to the low inventory of homes for sale, which has driven up demand and competition among buyers. Additionally, the strong local economy and growing population in Asheville may be contributing to the steady increase in home values.

Asheville's median days to pending of 14 days is indicative of a strong seller's market, with homes receiving multiple offers and selling quickly. This trend is expected to continue as the demand for housing in the area remains high. As such, sellers can expect to receive multiple offers, potentially driving up the final sale price of their homes.

Overall, the Asheville housing market appears to be healthy and stable, with a positive forecast for the future. The combination of a growing population, strong economy, and low inventory of homes for sale is likely to continue to drive up demand and home values in the area. As such, both buyers and sellers should carefully monitor the market and act quickly to take advantage of opportunities as they arise.

Asheville Real Estate Investment Overview

Is it worth buying a house in Asheville, NC? Investing in real estate is touted as a great way to become wealthy.  Many real estate investors have asked themselves if buying a property in Asheville is a good investment? You need to drill deeper into local trends if you want to know what the market holds for the year ahead.

We have already discussed the Asheville housing market forecast for answers on why to put resources into this market. Although, this article alone is not a comprehensive source to make a final investment decision for Asheville we have collected ten evidence-based positive things for those who are keen to invest in the Asheville real estate in 2022 and beyond.

Investing in Asheville real estate will fetch you good returns in the long term as the home prices in Asheville have been trending up year over year. Let’s take a look at the number of positive things going on in the Asheville real estate market which can help investors who are keen to buy an investment property in this city.

The Large and Diverse Student Market

Any college creates a large population of permanent renters. The Asheville housing market beats many college towns because it is home to several different universities. We’ll ignore the technical community college in Asheville and look at schools like Black Mountain College, Shaw University, Brevard College, Lenoir-Rhyne University, and Mars Hill University. Each has several hundred to several thousand students.

You could own multiple Asheville real estate investment properties, each near a different school, and thus have a diversified real estate portfolio for relatively little money. Yet the area’s economy is so diverse you could rent the same properties out to students if any of these small liberal arts colleges fold. Or you could simply rent out properties in the Asheville real estate market to UNC Asheville students.

Asheville and the Asheville metropolitan area have higher rents than the average for North Carolina but are generally close to the national average. Rents are increasing in the Asheville market, but prices fluctuate and options exist at both the low and high ends of the rent spectrum.

Studio apartments are the most affordable option, averaging $866 in Asheville and $794 in the Asheville metropolitan area. In this market, median rents are $848 based on 29 units available, down 7% over one year. One-bedroom apartments, a popular option, are slightly more, averaging $870 in the city and $799 in the metro area. In this market, median rents are $1,071 based on 204 units available, up 6% over one year.

CURRENT RENTAL TRENDS: As of May 2023, the average rent for a 1-bedroom apartment in Asheville, NC is currently $1,495. This is a 2% decrease compared to the previous year. Over the past month, the average rent for a studio apartment in Asheville increased by 3% to $1,400. The average rent for a 1-bedroom apartment remained flat, and the average rent for a 2-bedroom apartment decreased by -3% to $1,800.

The Demand for Affordable Homes is High

Given the amazing views, proximity to nature, and examples like the Vanderbilt property in the area, the Asheville real estate market has seen more luxury homes built than affordable ones. Yet it is the smaller homes that appeal to couples looking for starter homes and retirees who don’t need something big. Depending on the area in the Asheville real estate market, it can be hard to find properties below 400,000. This is compounded by neighborhoods that say homes must be at least 1000 or 1200 square feet in size, preventing much cheaper homes from being built. This creates strong demand for affordable single-family rentals in the Asheville housing market.

The Literal Constraints of Geography

The same geography that attracts many tourists to the city limits the growth of the city. Asheville has east-west access via I-40 while Highway 26 connects it to other towns north and south. However, new construction going up mountainsides is expensive and risky. They simply cannot expand into Pisgah National Forest or the massive Nantahala National Forest. This limits the potential growth of the city.

Asheville is a charming city and metropolitan area that offers something for everyone, including scenic mountains, live music, locally produced food and drink, and a thriving arts scene. With approximately 89,000 residents and a metropolitan population of approximately 425,000, Asheville is the largest city in western North Carolina. Asheville can be found nestled between the Blue Ridge and the Great Smoky Mountains. Its location is one of the many factors that contributed to its inclusion on our list of the best places to live in North Carolina.

Walkable communities are all the rage. It is so important to many young couples and downsizing couples that new walkable planned neighborhoods are being built around the U.S. The Asheville housing market is unusual for already having an established, walkable downtown. The downtown is large enough to be a community in its own right, but it isn’t so large that the Asheville real estate market is depressed by blighted areas.

The Diversified Job Market

If Asheville’s lifeblood was tourism, we couldn’t recommend Asheville real estate investment because it would be too risky. However, the Asheville real estate market is buoyed by a diversified, solid job market. The city is the regional services hub. This means that the city, the state, and several government agencies are large local employers. So, too, are the local VA medical center, school system, and health system. Furniture makers, equipment manufacturers, and research facilities dot the area. This creates a large, healthy job market that can weather almost any storm.

The Potential for Short Term Rentals

The lush forests around Asheville attract tourists for hiking, rafting, and other outdoor activities. The city has limited short-term rentals, but that doesn’t mean this isn’t an option if you own Asheville real estate investment properties. For example, parts of the Asheville real estate market are zoned as “resorts”. You can rent these properties out on short-term rental sites to your heart’s delight.

Properties that already had short-term vacation rental permits are grandfathered into the existing rules, though you should verify the permit could transfer to you before buying the Asheville real estate investment property. Towns outside of Asheville proper have their own rules, too, and are more relaxed in this regard.

The Landlord-Friendly Environment

North Carolina in general is landlord friendly. The state is also far more landlord friendly than surrounding states like South Carolina, Virginia, and Tennessee. You can evict people for non-payment of rent, breaching the lease, criminal activity, and remaining on the property after termination of the lease. Major cities in the state don’t tack on additional tenant protections, either. We just can’t give North Carolina extra points on being tax-friendly for property owners; they’re literally average when it comes to income and property taxes.

Summary

Maybe you have done a bit of real estate investing in Asheville, NC but want to take things further and make it into more than a hobby on the side. It’s only wise to think about how you can and should be investing your money. In any property investment, cash flow is gold. A good cash flow means the investment is, needless to say, profitable. A bad cash flow, on the other hand, means you won’t have money on hand to repay your debt.

Therefore, finding a good Asheville real estate investment opportunity would be a key to your success. in If you invest wisely in Asheville real estate, you could secure your future. If you are a beginner in the business of cash flow real estate investing, it very important to read good books on real estate.  The Asheville, North Carolina area is a stable, steadily growing housing market with several profitable rental markets investors would appreciate. It counterbalances this with a healthy job market and demographic momentum that will keep it going strong for years to come.

Buying an investment property is different from buying an owner-occupied home. Whether you are a beginner or a seasoned pro you probably realize the most important factor that will determine your success as a Real Estate Investor in Asheville, NC is your ability to find great real estate investments in that area.

According to real estate experts, buying in a market with increasing prices, low interest, and low availability requires a different approach than buying in a cooler market.

We strive to set the standard for our industry and inspire others by raising the bar on providing exceptional real estate investment opportunities in the U.S. growth markets. We can help you succeed by minimizing risk and maximizing profitability.

The aim of this article was to educate investors who are keen to invest in Asheville real estate. Purchasing an investment property requires a lot of study, planning, and budgeting. Not all deals are solid investments. We always recommend doing your own research and taking the help of a real estate investment counselor.

Let us know which real estate markets you consider best for real estate investing! If you need expert investment advice, you may fill up the form given here. One of our investment specialists will get in touch with you to discuss all facets of searching for, buying, and owning a turnkey investment property.

Remember, caveat emptor still applies when buying a property anywhere. The information contained in this article was pulled from third-party sites mentioned under references. Although the information is believed to be reliable, Norada Real Estate Investments makes no representations, warranties, or guarantees, either express or implied, as to whether the information presented is accurate, reliable, or current. All information presented should be independently verified through the references given below. As a general policy, the Norada Real Estate Investments makes no claims or assertions about the future housing market conditions across the US.

References

Housing Market Data & Statistics
https://www.zillow.com/asheville-nc/home-values/
https://www.zillow.com/asheville-nc-28802/home-values/
https://www.carolinahome.com/market-data/monthly-reports
https://www.redfin.com/city/555/NC/Asheville/housing-market
https://www.realtor.com/realestateandhomes-search/Asheville_NC/overview
https://www.neighborhoodscout.com/nc/asheville/real-estate/

Job & Student market
https://en.wikipedia.org/wiki/Asheville,_North_Carolina

Walkable
https://expertvagabond.com/asheville-things-to-do

Landlord friendly
https://wallethub.com/edu/best-worst-states-to-be-a-taxpayer/2416
https://www.avail.co/education/laws/north-carolina-landlord-tenant-law

Short term rentals
https://www.usatoday.com/story/tech/news/2018/06/02/one-airbnb-hosts-fight-asheville-n-c-nearing-1-m-fines/657653002
https://www.citizen-times.com/story/news/local/2018/01/18/guide-ashevilles-short-term-vacation-rental-rules-can-you-rent-your-space/1035531001

Oklahoma City metro area housing market is experiencing interesting trends in March 2023. The Real Estate statistics, collected by MLSOK, Inc. reveals some insightful metrics that homebuyers and sellers should consider. In this post, we will take a look at the market trends, including sales activity, median sales price, days on market, and inventory, to give you an accurate picture of the housing market in the region.

New Listings:

In March 2023, new listings decreased by 1.9% for Single Family homes, but it increased by 30.9% for Townhouse-Condo homes. Pending sales also decreased by 6.5% for Single Family homes and 4.2% for Townhouse-Condo homes.

Inventory:

Inventory increased by 93.6% for Single Family homes and 73.7% for Townhouse-Condo homes. This increase in inventory can provide buyers with a broader range of choices in the Oklahoma City Metro area housing market.

Months' Supply of Inventory:

The Month’s Supply of Inventory increased by 144.4% for Single Family homes and 100.0% for Townhouse-Condo homes. This means that buyers have more time to make a decision and are less likely to face bidding wars.

Median Sales Price:

The Median Sales Price increased by 4.6% to $250,000 for Single Family homes and 7.2% to $186,500 for Townhouse-Condo homes. This increase in median sales price indicates that the Oklahoma City Metro area housing market remains stable and continues to grow.

Average Days on Market:

The Average Days on Market increased by 70.4% for Single Family homes but decreased by 42.4% for Townhouse-Condo homes. This indicates that Single Family homes are taking longer to sell, whereas Townhouse-Condo homes are selling faster.

Sales Activity:

In March 2023, there were a total of 2,047 closed sales, which is an increase from the previous month of February 2023 (1,511). However, there is a slight decrease from the same month last year, March 2022 (2,381). The Total $ Volume also increased from the previous month, February 2023. The Average Price and Median Price for homes also increased in March 2023.

These Oklahoma City housing market trends show that the market remains stable and continues to grow. The increase in inventory, coupled with a decrease in pending sales, can provide homebuyers with more options and time to make informed decisions. With the increase in median sales price and total closed sales, sellers can be confident that the market is favorable for selling their homes.

The Average Days on Market for Single Family homes has increased, but it decreased for Townhouse-Condo homes. Buyers and sellers alike can benefit from the current trends and metrics in the Oklahoma City Metro area housing market.

Oklahoma City Housing Market Forecast 2023-2024

What are the Oklahoma City real estate market predictions for 2023 to 2024? The Oklahoma City housing market has been on a steady rise over the past year, and it is expected to continue that trend into 2023 and 2024. According to recent data from March 31, 2023, the average home value in Oklahoma City is $195,119, up 7.7% from the previous year. Homes are also going to pending status in just 10 days on average, indicating a highly competitive market.

Looking ahead to the forecast for 2024, the Oklahoma City metro area is expected to see a continued increase in housing prices. According to data from April 30, 2023, the region is projected to experience a 0.3% increase in home values by that date. By June 30, 2023, the forecast predicts a 0.2% increase, and by March 31, 2024, the projection jumps to a 1.2% increase in home values.

In terms of buying and selling trends, the median sale-to-list ratio in Oklahoma City as of February 28, 2023, was 0.997, indicating that homes are selling for almost the asking price on average. Additionally, 28.1% of sales were over the list price, indicating a competitive seller's market. However, 49.5% of sales were under the list price, indicating that buyers can still find deals in the market.

Another key metric to consider is the median days to pending status, which was 10 as of March 31, 2023. This means that homes are selling very quickly, and buyers should be prepared to act fast when a home they like becomes available.

Overall, the Oklahoma City housing market is expected to continue its upward trajectory into 2023 and 2024, making it a great time to buy or sell a home in the area. However, buyers should be prepared for a highly competitive market, and sellers should consider pricing their homes competitively to take advantage of the high demand.

Oklahoma City Real Estate Investment Overview

Should you consider Oklahoma City real estate investment? Many real estate investors have asked themselves if buying an Oklahoma investment property is a sound investment decision. Oklahoma City has seen steady growth in both its population and its economy over the years. With a low cost of living and a diverse range of industries, it's a great place to invest in real estate.

Here are some reasons why:

Steady Growth in Oklahoma City & Its Property Values

The city's population has grown by nearly 10% over the past decade, and it's projected to continue growing. This means that demand for housing is likely to remain strong, which should keep property values on the rise. In fact, the average home value in Oklahoma City has increased by 7.7% over the past year, which is a strong indication of the city's economic growth and stability.

Good Rental Market

Oklahoma City's rental market is also very strong, with low vacancy rates and rising rents. This makes it a great place to invest in rental properties, as you're likely to have a steady stream of tenants. The city also has a diverse range of industries, including aerospace, healthcare, and energy, which means there are plenty of job opportunities for renters.

As of May 2023, the average rent for a 1-bedroom apartment in Oklahoma City, OK is currently $895. This is a 6% increase compared to the previous year. Over the past month, the average rent for a studio apartment in Oklahoma City decreased by -4% to $832. The average rent for a 1-bedroom apartment increased by 5% to $895, and the average rent for a 2-bedroom apartment increased by 5% to $1,099.

It Is Landlord Friendly

Oklahoma City is known for being landlord-friendly, with relatively low taxes and minimal regulations. Landlords have the freedom to set their own rents and can evict tenants more easily than in some other states. This makes it easier for investors to manage their properties and generate a positive cash flow.

Landlords can evict a tenant in Oklahoma City for failure to pay rent, criminal activity, and material breaches of the lease. If the landlord wants to evict them for a breach of lease, a ten-day written notice is required in which the tenant has to solve the issue.

If they don’t, they can be given 15 days to leave. If a landlord wants to evict a tenant for nonpayment of rent, he or she must first give the tenant a 5-day written notice for payment of rent. If the tenant does not pay rent within 5 days, the landlord may proceed with the eviction of the tenant. The only exception is a criminal activity that poses a health or safety threat to tenants and those around them – you can evict someone immediately for that. This includes illegal drug activity in a unit. Eviction can proceed five days after failing to pay the rent.

Conclusion

In conclusion, Oklahoma City offers a great opportunity for real estate investors. With steady growth in its economy and property values, a strong rental market, and landlord-friendly policies, it's a great place to invest in real estate. Whether you're looking for a rental property or a fix-and-flip opportunity, Oklahoma City should definitely be on your radar.

There are pockets where you could tap into a large pool of renters such as around one of the many universities, though other neighborhoods are dominated by families that want more space but cannot afford to buy a home.

Buying or selling real estate, for a majority of investors, is one of the most important decisions they will make. Choosing a real estate professional/counselor continues to be a vital part of this process. They are well-informed about critical factors that affect your specific market areas, such as changes in market conditions, market forecasts, consumer attitudes, best locations, timing, and interest rates.

NORADA REAL ESTATE INVESTMENTS has extensive experience investing in turnkey real estate and cash-flow properties. We strive to set the standard for our industry and inspire others by raising the bar on providing exceptional real estate investment opportunities in many other growth markets in the United States. We can help you succeed by minimizing risk and maximizing the profitability of your investment property in Oklahoma City.

Consult with one of the investment counselors who can help build you a custom portfolio of Oklahoma City turnkey properties. These are “Cash-Flow Rental Properties” located in some of the best neighborhoods of Oklahoma City.

Not just limited to Oklahoma but you can also invest in some of the best real estate markets in the United States. All you have to do is fill up this form and schedule a consultation at your convenience. We’re standing by to help you take the guesswork out of real estate investing. By researching and structuring complete Oklahoma City turnkey real estate investments, we help you succeed by minimizing risk and maximizing profitability.

Some of the information contained in this article was pulled from third-party sites mentioned under references. Although the information is believed to be reliable, Norada Real Estate Investments makes no representations, warranties, or guarantees, either express or implied, as to whether the information presented is accurate, reliable, or current. All information presented should be independently verified through the references given below. As a general policy, Norada Real Estate Investments makes no claims or assertions about the future housing market conditions across the US. 

References

Market Data, Reports & Forecasts
https://okcmar.org/
https://okcmar.org/mls-dept-info/mls-statistics/
https://www.zillow.com/oklahoma-city-ok/home-values/
https://www.littlebighomes.com/real-estate-oklahoma-city.html
https://www.redfin.com/city/14237/OK/Oklahoma-City/housing-market
https://www.realtor.com/realestateandhomes-search/oklahoma-city_OK/overview
https://www.neighborhoodscout.com/ok/oklahoma-city/real-estate#description
https://okcfox.com/news/local/oklahoma-forward-riding-the-housing-market-roller-coaster-during-the-pandemic

Rental Trends
https://www.rentcafe.com/average-rent-market-trends/us/ok/oklahoma-city/
https://www.rentjungle.com/average-rent-in-oklahoma-city-rent-trends/

Low volatility
https://smartasset.com/mortgage/best-cities-first-time-homebuyers-2017
https://www.bestplaces.net/compare-cities/tulsa_ok/oklahoma_city_ok/people

Cost of living, including rents
https://www.numbeo.com/cost-of-living/compare_cities.jsp?country1=United+States&city1=Tulsa%2C+OK&country2=United+States&city2=Oklahoma+City%2C+OK

Landlord friendly
https://www.avail.co/education/laws/oklahoma-landlord-tenant-law

Core to Shore downtown redevelopment
https://newsok.com/article/5571657/major-players-in-oklahoma-citys-downtown-development-to-speak-dec.-4
https://www.okc.gov/government/maps-3/projects/downtown-convention-center

Slow multifamily housing permits
https://www.greateroklahomacity.com/subresources/economic-indicators/