The Renaissance neighborhood is south of the University of Tulsa and north of Florence Park. It’s the midtown Tulsa area between Lewis and Harvard, 11th to 15th.
As property prices are rapidly increasing in Florence Park, many first-time Buyers are choosing the Renaissance neighborhood to make their home. Charming bungalows built in the 1920s and 1930s abound and architectural styles are varied.
As of April 25, 2014, there are 11 active properties ranging in price from $79,000 to $229,000, with an average list price of $149,754 and average square footage of 1,514.
Twelve properties are pending, which shows good solid movement of inventory. We don’t know what the pending properties sell for until they are sold, but days on market average 49 days – which is a good indication that these properties sold for very close to list price. Average pending price is $133,541 with two properties listed well above $200,000.
Renaissance Market Report April 2014 – Midtown Tulsa Real Estate
Since the first of the year, 12 properties have CLOSED with five properties selling between $109-$115 per square foot. Average size is 1,451 and average days on market is about three months – with several selling in the first two weeks on market.
If these pending properties close by mid or late May, that will total 24 closed properties in the midtown Tulsa Renaissance neighborhood in 2014. That represents an Absorption Rate Analysis of FIVE PROPERTIES SELLING PER MONTH.
This neighborhood is great for students attending the University of Tulsa, and it’s also a short distance to Reasor’s grocery. You can easily bicycle to Utica Square Shopping Center and to the dining and entertainment area – and farmer’s market – on the ever-popular Cherry Street.
Featured listing in the Renaissance neighborhood is 1243 South Florence Place – 1,524 square feet, 2 bedrooms, 1.5 bath, new oversized 1-car garage, updated kitchen, beautiful Craftsman bungalow with stone exterior and large covered porch – listed for $169,000. Please enjoy a virtual tour of this midtown Tulsa property.
If you are interested in shopping for homes in midtown Tulsa, you can begin your search on our web site or call me to set up a custom search for you! And if you are interested in how properties are selling in YOUR midtown neighborhood, do give me a call! 918-852-5036
