Tulsa real estate market features hot spots to buy
Tulsa, Okla. (KTUL) —
Right now, looking at the City of Tulsa, there are many places seeing new faces and new neighbors. Realtor.com recently ranked Tulsa as being in the top 10 for hot real estate markets.
We found John Breitenstein digging into his project on Brookside, flipping a house he purchased six years ago.
“Actually when I bought it a neighbor told me to tear it down. But it’s an old farmhouse that has so much character. With the new park development going in, that should up the value,” said Breitenstein, who worked alongside his work crew working on a new driveway.
His home is right down the street from the Gathering Place, which many believe is driving up real estate properties in the area. Two other homes on his street are also for sale.
But there are also other hot spots in Tulsa. Developer Brandon Jackson believes Northwest Passage, west of downtown Tulsa, is hidden gem for people looking to buy.
“It’s five minutes to downtown, 10 to the airport, 15 minutes to Skiatook lake,” and he says the homes start in the 160s.
Real estate agent Beverly Davison says now is the time to buy, with low interest rates.
“Every place in Tulsa and the metro area is pretty hot. Homes are moving pretty fast. Inventory is low. But you just have to be ready to buy because things are moving really fast,” said Davison.
Breitenstein expects to wrap up his total renovation, within a month or so and at that time he expects to list his home for more than $400k, which he says is comparable to other sales.