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Updated over 8 years ago on . Most recent reply

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Travis Novak
  • Oklahoma City, OK
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Oklahoma City - Selecting Comps In OKC Northern Urban Core

Travis Novak
  • Oklahoma City, OK
Posted

Hello everybody - I'm a newbie/greenhorn investor in the OKC.

I'm looking for any information I can get regarding how comps are selected in OKC's northern urban core (between I-40 and I-44). 

It seems to me that, based on general comparative logic, using the "1 mile radius" and "sold in last 90-days" rules wouldn't necessarily yield fair comps due to factors like historic vs. non-historic neighborhoods, proximity to entertainment districts (Paseo, Uptown, The Plaza, etc.), and Pinterest-quality rehabs being next door to early 20th century homes in need of serious TLC. 

For example: could a home in the north-eastern corner of the Las Vegas addition pull comps from the north-western corner of Gatewood (assuming the homes are identical in terms of interior/rehab quality)?  

Any tips/rules/parameters you can share would be greatly appreciated. 

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