Enid's housing market strong, expected to continue real esate professionals say

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February 23, 2008

By Robert Barron, Staff Writer The Enid News and Eagle Sat Feb 23, 2008, 11:00 PM CST

Home prices are good in Enid, houses are selling well and should continue in the foreseeable future, according to local real estate agents.

Anna Blubaugh, of Century 21 Homes Plus, said the Enid market is doing well. Homes average 60 to 90 days on the market, although that varies somewhat. During higher times of the year — spring and summer — days on the market may fluctuate, she said.

Some owners also are helping with closing costs, but have not taken discounts, depending on where they choose to start the listing price. Blubaugh said there seems to be a shortage of homes selling for $80,000 to $120,000.

“They sell very quickly. That’s a good price for a home for someone looking for their first home, or moving up to their second home. That’s a good manageable payment in that price range,” she said.

Blubaugh cautioned when the national media talk about real estate issues, they are referring to what’s happening on the East and West coasts, and that does not necessarily pertain to Enid.

Interest rates in Enid still are good, Blubaugh said.

Jim Nicholas, of Nicholas Realty, said Enid sales have been strong so far this year and appear to be going up.

“We have a very good market in all price ranges,” he said.

Nicholas said a home with good eye appeal usually will sell faster than an equal house without the curb appeal. There is some price discounting in every market, he said, no matter how good the market is. Part of that depends on how well the house is cared for or if the list price is too high.

“It’s market driven. Condition, location and price are always the same. I’ve been at it for 50 years and it hasn’t changed,” he said.

The only down market in Nicholas’ career was the period between 1984 and 1990, he said, but a recovery began in 1987. The middle market always has been strong in Enid. Rates in the last five years have allowed people who thought they could afford $200,000 homes to buy a $400,000 home, because the interest has been reasonable, he said.

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