By Robert Medley
If you are thinking about selling your home and moving in the next few years, don’t wait and do it now, Canadian County realtors say.
With interest rates at an all-time low, land and property values on the rise, and the number of sales hitting highs, selling and buying now is the thing to do, said Frank Greer, realtor for McGraw Realtors Canadian County office in Yukon.
In May, Greer noticed home sells were on an uptick despite the COVID-19 pandemic. He has only gotten busier in June and July.
Greer said new and used homes are selling at a fast clip.
Homes priced up to $180,000 sell in an average of 2-3 days. Houses priced higher than that are selling within a few weeks, much quicker than in recent years.
Janet Story, managing broker for McGraw Realtors, said COVID-19 has not slowed the real estate business.
“Interest rates are at an all-time low, so it is a great time to make the move,” Story said.
The interest rate on Thursday was 2.75%.
Greer said a number of people are deciding to refinance their homes to make their monthy payment more affordable.
But Story said those who anticipate moving in the next two to three years should not refinance but move while interest rates are low.
While homes are selling fast and property values are going up in Canadian County.
The Okarche, Mustang, Piedmont and Yukon school districts continue to grow with new housing additions.
Story said the school year may not be the same, but people are still moving for various districts-as the county population increases.
She said she has noticed development driving in the county.
“I am just amazed driving in Canadian County. You drive by one day and there is a wheat field and then the next time you drive by there are streets built,” Story said.
Greer has been selling homes in the Yukon area for 35 years. He has seen sales increase in the past two months, he said.
He sold a home built by Vesta Homes that was on the market for a few days in the Northwood Village addition at 12721 NW 137 in the Piedmont Schools district.
New home construction has shown a slight increase in Yukon, despite the pandemic.
As for sales of both new and used homes locally, Greer said he has been busy with both.
In fact, he said he is looking for more realtors to join his Yukon team.
Greer is one of nine realtors on the Frank Greer Realty Team in Yukon.
“People are buying houses, and really the pandemic never slowed it down that much for housing, it just really hasn’t,” Greer said.
Greer is a former Yukon mayor who served in the 1970s and watched Canadian County grow in the last part of the century.
In the 1990s, Greer served on Gov. Frank Keating’s economic development team, studying what was projected as “the Interstate 40 corridor growth. Development moved from Oklahoma City westward along I-40. Greer expects it will continue into the coming decades.
Greer can be reached at (405) 354-5243.