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This holiday season in Oklahoma City seems to be booming for new residential construction. Despite the rising costs of materials (drywall up 14%, lumber at a six year high), plenty of residents are looking to build their dream home this holiday season. The Oklahoma City movers find it worth noting that the current state of the city’s real estate is comparable to 2007, but on the rise rather than stagnant. The slump of 2007 was the lowest point the city saw in terms of the economic crisis.

Compared to the last quarter of 2011, new home construction is up 32.1 percent. Additionally, building permits outnumbered 2011’s annual total in mid November 2012. Hopefully the housing and construction industries continue this momentum into 2013.

Realtors in the Oklahoma City area are reporting that available housing is as rare as ever these days. The supply currently available is under five months worth, sales for October of this year were 7 percent higher than September’s sales, and 20 percent higher than October 2011 sales. The Oklahoma City Metro Association of Realtors has divulged that the figures don’t represent the homes sold by owners or builders, so the figure could certainly be much higher.

October ended with 7,444 houses on the MLS, down 12.1 percent from last October’s 8,469. Buyers are still on the leading side of the market, just barely, but the playing field is leveling out and the sellers are certainly poised to get the advantage in the coming months. Here at the Oklahoma City movers, we will be sure to keep you updated on local market trends and data. We are excited to see the residential sales pick up, and also to see buyer confidence grow as well.

Metro Tulsa has high hopes for the coming quarter and into next year, following a lagging past few years of slow construction and slow growth in the real estate industry. While local professionals are hoping for the best, the Oklahoma City movers know that they are also treading lightly and keeping their hopes up for early Spring 2013 growth. The way they describe themselves is as “cautiously optimistic.”

Construction of single family homes is expected to improve by 22 to 30 percent next year, a leap that would give much needed projects and revenue to contractors who are biding their time and waiting for business opportunities. In Oklahoma City, the low point of 2010 new construction dipped and will not fully recover until an estimated 2014.

In a recent write up on SeattlePi, cities around the country were examined and compared for livability and likelihood to offer the best amenities for young people seeking a metro area with urban centers close to jobs and services. Oklahoma City was named as one of these locations, along with Seattle, Houston, San Antonio, Austin, Raleigh/Durham, Albuquerque and Orange County.

The Oklahoma City movers are glad that our city made the list of locales desired by young Americans. While they are working to be homeowners in the future, they are willing to live in small apartments with beaucoup amenities, such as nearby transit and entertainment.

According to data compiled in a recent survey by Chain Store Age magazine, several retail outlets are looking to set up shop and develop brick & mortar storefronts in the Oklahoma City area. The publication spent over a month surveying retailers and garnered data from almost 160 different companies. So who’s looking to come to our city? The Oklahoma City movers will divulge the details with you right here on our blog:

Yes, they will be coming:

Coach Men

Trader Joe’s

Von Maur

Nordstrom Rack

Charming Charlie

It’s a possibility:

H&M

Brooks Brothers

The Container Store

Panera Bread

Not anytime soon:

Neiman Marcus

Stuart Weitzman

Nordstrom

Decisions were based on company’s current locations, their historical success/failure rates in the Midwest, and the availability of targeted retail space and budget ballparks.

Oklahoma City commercial space is becoming less and less available, according to a recent write up in the News Oklahoma publication that shared current statistics and availability for commercial tenants in need of warehouse space in the metropolitan area. The vacancy rate in the area went down significantly over the mid-year study, shrinking from 20.4 percent vacancy rate to a mere 6.5 percent. The specific warehouse space tracked in this statistic are 35,000 square foot warehouses with ceilings measured at 24 feet and higher.

Hobby Lobby was a big business that snatched up local space, and they bought three warehouses totaling 465,000 square feet of warehouse space. The properties ran up a tab of just under $15 million.

The Oklahoma City movers have found that purchasing and rental markets in the area carry widely different price points, as do various parts of town. Vacancies will continue to decline over the year, and rental rates will strengthen and be brought back in the ballpark of pre-recession listings. Currently, prices to lease in the southeast Oklahoma City area are the most sought after and the most occupied.

The Oklahoma City icon building known as the Gold Dome is set for a foreclosure sale next month. According to NewsOK, the building will be sold to the highest bidder on September 13th. The Gold Dome, which was built in 1958, was thought by some to be “the bank of tomorrow.” The building was almost demolished about a decade ago, after falling victim to delinquent investors, banks that were bought out and vacancy.

Recently, the Prohibition Room and the Oklahoma Main Street Program moved out as tenants, increasing the debt owed by owner Dr. Irene Lam. The Oklahoma City movers have learned Lam is delinquent in paying property taxes that total almost $50,000 for the past two years. Lam is determined to keep the company, and feels a good outcome will arise after talking with investors and lenders. A new restaurant is slated to open, and three new tenants are said to be moving in.

In the middle of 2012, Oklahoma’s retail market saw a gradually rising vacancy rate of just under 10 percent. While that certainly worries some investors and retail space owners, there is assurance that the vacancies are only temporary. The retail space industry is very competitive in terms of leases and rental rates, however a slowing of foot traffic makes it difficult for even the most reasonable rates to be met by tenants.

The Oklahoma City movers have learned that there is a pending influx of storefronts coming to the area. Dick’s Sporting Goods, LA Fitness, and several additions to the Outlet Shoppes of Oklahoma are just a few of the big tenants looking to move in to the local market. Costco is also up in the air as a prospective tenant.

As families in the Oklahoma City area see their children grow up and head off to school and other areas, the trend to swap larger homes for one or two bedroom places and cut down on the excess. Specifically, Oklahoma City is also a place where couples are relocating to once their larger homes are sold. Something about our city is refreshing and welcoming to this demographic, it seems.

The Oklahoma City movers find that there’s plenty to love about OKC. With competitive home prices and an unbeatable mortgage rate, now is certainly the time to look into an “empty nest” home and consider bringing your life to Oklahoma City. Also, with the recent attention our city has received following the NBA playoffs, it’s only a matter of time before we have the full spectrum of amenities as metropolis’ throughout the country. Of course, we fully intend to maintain our down home charm.

Your Oklahoma City movers are honored to be chosen as OKC’s Best of the Best Moving Company! Oklahoma Magazine honored our Oklahoma City movers with the award, and it has really made our summer. Don’t expect anything less than “Best of the Best” caliber services from these relocation service providers here at All My Sons! To all who voted for your Oklahoma movers here, thank you! You have all helped us to take our goal of relieving moving stress for our customers yet another step further!