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Josh Barnett was my realtor for a property I recently sold. He and his company are top notch. Professional from start to finish with excellent customer service. Josh stayed in touch regularly to provide updates about the listing, viewings, feedback, and offers. All paperwork was processed in an  expedient manner. When I was unsure about something, Josh was happy to provide additional perspective on the situation. I highly recommend Josh when needing a realtor to either buy or sell a house. BR April 2019
Josh was very kind, professional and prompt! I would highly recommend him for your real estate needs! He went above and beyond for my husband and I. MC Feb 2019
Josh is the man you need to sell your properties he’s the best!!!
Thank You  Josh for all the work you did for us !
RB Jan 2019
I have had the pleasure of working with Josh on two closings, and will continue to do business with him. He is honest, hard-working and very detail oriented. When it comes to buying or selling your home, look no further than Josh Barnett. He makes the process a breeze and is very transparent with every aspect of the transaction. I highly recommend Josh and enjoyed working with him. BW Sept 2018
Great experience thanks Josh BD Sept 2018
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Josh Barnett, REALTOR
Better Homes & Garden Paramount
Phone: 405-315-7965
Josh@Marketing405.com

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Welcome

Welcome to the premier resource for all real estate information and services in Oklahoma. I, hope you enjoy your visit and explore everything my Real Estate website has to offer, including Edmond, Stillwater, Perkins, Guthrie, Chandler, Wellston, Luther, Oklahoma City, Yukon, Mustang, Moore, Harrah, Shawnee, and Norman, real estate listings, information for home Sellers and Buyers, and more About Josh, Oklahoma's Listing Agent with Better Homes and Gardens Real Estate Paramount.

Looking for a new home? Use Quick Search or Map Search to browse an up-to-date database list of all available properties in the area, or use my Dream Home Finder form and I will conduct a personalized search for you.

If you're planning to sell your home in the next few months of year, nothing is more important than knowing the market value of your home or land. Click on the FREE Market Analysis and I will pull comps and email you the report and call to discuss. Using comparable sold listings to show you the market value of your home, Days on Market, Highs, Lows, and Averages will ensure you are as informed as possible on the Values of Sold Comparable Properties.  Being a member of both Oklahoma City Metro Association of Realtors and Stillwater Board of Realtors, I have more data than most Agent in the State of Oklahoma. 

Real Estate Blog

OK Dept of Wildlife Fishing Report / May 22, 2019

Fishing Report for May 22, 2019 CENTRAL Arcadia: Elevation 12 ft. above normal and rising. Lake Arcadia is closed due to flooding. Draper: May 21. Elevation 4 ft. above normal, water 68 and murky. Crappie fair on jigs and minnows around brush structure,... Read more

CLOSED Home 26 for 2019 | 13187 Railway, Wayne, OK 73095

Josh Barnett | Better Homes and Gardens Real Estate Paramount | 405-315-7965 13187 Railway , Wayne, OK 73095 Manufactured Home $80,000 Bedrooms: 3 Bathrooms: 2 full Year Built: 2004 Sq Footage: 1064 Lot Size: 5 acres County: McClain DESCRIPT... Read more

CLOSED Home 25 for 2019 | 7301 Noah Parkway, Oklahoma City, OK 73132

Josh Barnett | Better Homes and Gardens Real Estate Paramount | 405-315-7965 7301 Noah Parkway, Oklahoma City, OK 73132 Single Family Home $219,000 Bedrooms: 4 Bathrooms: 2 full Year Built: 2014 Sq Footage: 1969 County: Oklahoma DESCRIPTION ... Read more

Listed and CLOSED Home 24 for 2019 | 10624 NW 20th Street, Yukon, OK 73099

Josh Barnett | Better Homes and Gardens Real Estate Paramount | 405-315-7965 10624 NW 20th Street, Yukon, OK 73099 MLS No: 846349 Single Family Home $180,000 Bedrooms: 3 Bathrooms: 2 full Year Built: 2018 Sq Footage: 1559 County: Canadian County ... Read more

Cowboy Hall of Fame Annual Chuck Wagon Festival

10:00 a.m. – 4:00 p.m. Museum grounds and galleries Join us for this two-day, fun-filled family weekend showcasing chuck wagon food samples, buttermaking with Ag in the Classroom, artisan demonstrations, bandanna decorating, live music, rope... Read more
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Real Estate News

Latest Realty News from NAR

Commercial Real Estate Prices Still Trending Up in 2019 Q1

Amid sustained economic expansion and the lowest unemployment rate since 1953, commercial property prices are still broadly trending upwards although at a modest pace compared to past years, according to NAR’s 2019 Q1 Commercial Real Estate Trends and Outlook Report.

Sales Activity

In the small market (less than $2.5 million deals), commercial property prices rose modestly by one percent from a year ago (seven percent in 2018 Q1). REALTORS® typically transact in the small market, with the average sales at $1.2 million in 2019 Q1.[1]  In the large market ($2.5 million and above deals), Real Capital Analytics reported that commercial sales price rose six percent nationally (nine percent in 2018 Q1). The National Council of Real Estate Investment Fiduciaries (NCREIF) Index and the Green Street Advisors Price Index also show a modest annual increase of two percent in 2019 Q2.

In both the large and small markets, the cap rates were slightly above six percent. Multi-family was the top-performing asset class in both the small and large market, with the lowest cap rates (which means high prices). Industrial properties were the second-best performing asset class in the large market, mainly for flex properties (essentially a combination of warehouse, office, showroom buildings). In the small market, hotels (likely Class B/C) were the next best performing asset.

According to REALTORS® who participate in the small market survey, cap rates in the small market continue to tend downward.  One reason may be that demand is moving towards suburban areas where commercial properties are less expensive. According to Real Capital Analytics, commercial prices in non-metro areas rose at a faster pace in 2019 Q1 than prices in the six major metro areas of New York, Boston, Washington DC, Chicago, Los Angeles, and San Francisco: in March 2019, commercial prices were broadly up by six percent in non-major markets compared to 4.5 percent in the six major metro areas.

Leasing Activity

REALTORS® and commercial affiliate members reported a slight increase in vacancy rates in 2019 Q1 across all property types compared to the prior quarter. With vacancy rates slightly trending up, REALTORS® reported a slight decrease in leasing volume (-0.10%) and a modest increase in leasing rates (2.3%) in 2019 Q1 from the prior quarter.

Among property classes, vacancy rates were lowest in the multi-family market, at seven percent, followed by the industrial market, at eight percent. Retail and hotel properties had on average double-digit vacancy rates.

In 2019 Q1, the average tenant improvement allowances (per square foot) in the small market were $2 for multi-family units, $5 for industrial property, $17 for office, and $21 for retail.

Outlook

Multi-family and industrial will continue to be strong commercial asset classes. The multi-family market is expected to remain bright in metros with low vacancy rates and affordable rents. E-commerce will continue to sustain demand for industrial properties, particularly flex properties. Retail brick and mortar will continue to do well in growing metros and in retail niches that require face-to-face customer service. The office market will be sustained by the growth in technology-driven jobs. The Opportunity Zone tax break on capital gains is expected to bolster commercial and residential real estate sales in 2019-2020.


[1] The small market makes up a smaller fraction of deal volume but accounts for a larger share of buildings: according to Energy Information Administration 2012 Commercial Buildings Energy Consumption Survey, buildings 10,000 square feet or less in size account were 72 percent of all commercial buildings; https://www.eia.gov/consumption/commercial/data/2012/bc/cfm/b23.php

 

REALTORSĀ® Confidence Index Survey: April 2019 Highlights

The REALTORS® Confidence Index (RCI)[1]  survey gathers monthly information from REALTORS® about local real estate market conditions, characteristics of buyers and sellers, and issues affecting homeownership and real estate transactions.[2] This report presents key results about market transactions from April 2019. View and download the full report here.

Market Conditions and Expectations

  • The REALTORS® Buyer Traffic Index registered at 63 (74 in April 2018).[3]
  • The REALTORS® Seller Traffic Index registered at 47 (45 in April 2018).
  • The REALTORS® Confidence Index—Six-Month Outlook Current Conditions registered at 67 for detached single-family, 56 for townhome, and 53 for condominium properties. An index above 50 indicates market conditions are expected to improve.
  • Properties were typically on the market for 24 days (26 days in April 2018).
  • Eighty-two percent of respondents reported that home prices remained constant or rose in April 2019 compared to levels one year ago (88 percent in April 2018).

Characteristics of Buyers and Sellers

  • First-time buyers accounted for 32 percent of sales (33 percent in April 2018).
  • Vacation and investment buyers comprised 16 percent of sales (14 percent in April 2018).
  • Sales of distressed properties (foreclosed or sold as a short sale) accounted for 3 percent of sales (4 percent in April 2018).
  • Cash sales made up 20 percent of sales (21 percent in April 2018).
  • Twenty-one percent of sellers offered incentives such as paying for closing costs (10 percent), providing warranty (8 percent), and undertaking remodeling (4 percent).[4]

Issues Affecting Buyers and Sellers

  • From February 2019–April 2019, 76 percent of contracts settled on time (78 percent in February 2018–April 2018).
  • Among sales that closed in April 2019, 74 percent had contract contingencies. The most common contingencies pertained to home inspection (54 percent), obtaining financing (43 percent), and getting an acceptable appraisal (41 percent).
  • REALTORS® report “low inventory” and “construction” as the major issues affecting transactions in April 2019.

About the RCI Survey

  • The RCI Survey gathers information from REALTORS® about local market conditions based on their client interactions and the characteristics of their most recent sales for the month.
  • The April 2019 survey was sent to 50,000 REALTORS® who were selected from NAR’s more than 1.3 million members through simple random sampling and to 10,000 respondents in the previous three surveys who provided their email addresses.
  • There were 4,611 respondents to the online survey which ran from May 1-10, 2019. The survey’s overall margin of error at the 95 percent confidence level is one percent. The margins of error for subgroups and sample proportions of below or above 50 percent are larger.
  • NAR weighs the responses by a factor that aligns the sample distribution of responses to the distribution of NAR membership.

The REALTORS® Confidence Index is provided by NAR solely for use as a reference. Resale of any part of this data is prohibited without NAR’s prior written consent. For questions on this report or to purchase the RCI series, please email: Data@realtors.org


[1] Thanks to Gay Cororaton, Research Economist for their data analysis and comments to the RCI Report.

[2] Respondents report on the most recent characteristics of their most recent sale for the month.

[3] An index greater than 50 means more respondents reported conditions as “strong” compared to one year ago than “weak.” An index of 50 indicates a balance of respondents

who viewed conditions as “strong” or “weak.”

[4] The difference in the sum of percentages to the total percentage of sellers who offered incentives is due to rounding.

  • NAR released a summary of existing-home sales data showing that housing market activity this April, modestly fell 0.4 percent from March 2019. April’s sales of existing homes dropped 4.4 percent from April 2018. April’s existing-home sales reached a 5.19 million seasonally adjusted annual rate.

  • The national median existing-home price for all housing types was $267,300 in April, up 3.6 percent from a year ago. This marks the 86th consecutive month of year-over-year gains.

  • Regionally, all four regions showed growth in prices from a year ago. The Midwest had largest gain of 5.5 percent followed by the South with a gain of 4.4 percent. The West had an increase of 1.3 percent followed by the Northeast with a modest incline of 0.9 from April 2018.
  • April’s inventory figures are up from last month 9.6 percent to 1.83 million homes for sale. Compared with April of 2018, there was a 1.7 percent increase in inventory levels. It will take 4.2 months to move the current level of inventory at the current sales pace. It takes approximately 24 days for a home to go from listing to a contract in the current housing market, up from 26 days a year ago. This would be the fastest pace since 2011 when the days on the market index began.

  • From March 2019, two of the four regions showed declines in sales while the Midwest was flat. The West was the only region to have an incline in sales at 1.8 percent. The South fell 0.4 percent followed by the Northeast with the biggest decline of 4.5 percent.
  • All four regions showed declines in sales from a year ago. The Midwest had the biggest drop in sales of 7.9 percent followed by the West with a decline of 5.9 percent. The Northeast fell 4.5 percent followed by the South with a dip of 1.7 percent. The South led all regions in percentage of national sales, accounting for 43.7 percent of the total, while the Northeast had the smallest share at 12.3 percent.

  • In April, single-family sales were down 1.1 percent and condominiums sales were down 5.6 to last month. Single-family home sales fell 4.0 percent and condominium sales were down 8.1 compared to a year ago. Single-family homes had an increase in price up 3.7 percent at $269,300 and condominiums rose 3.4 percent at $251,000 from April 2018.

Better Homes & Gardens Paramount | 405-315-7965
3636 E. I-35 Frontage Rd, Edmond, OK 73013

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