Southwest Metro Area Growing Strong

[owassoguy]

Southwest Metro Area Growing Strong  
Tuesday June 21, 2005 6:47pm   Reporter: Bill Mitchell   Posted By: James Puckett  (KTUL)


Tulsa - Margaret Petty, a local realtor, says modest homes have increased in value about three thousand dollars a year over the past three years. She expects that value to go up even more because of the building boom on the southwest side of the metro.

The Arkansas River in the southwest metro area is like a magnet for development. It all began about two years ago when the Oklahoma Aquarium opened. Its success has led the way for new hotels, restaurants, and the now very busy River Walk.

Now the entire area is greening up with lots of development. This is Stonebrook Park, a four-phase project, of new homes parks, pools, and green belts. The secret to all this growth, says builder Jerry Price, is location, location, location.

It includes easy access to highway 75 and the nearby 71st street. Plus a proposed shopping mall to be built close by. "Down close to the new River walk area by Jenks. And also we're in the Jenks school district which don't never hurt nothing," says homebuilder Jerry Price.

Even people who live in modest homes like these, some five minutes away from all that development. There is good new for all these homeowners. The value of their properties will go up.

Price adds, "All the houses in Glenpool have gone up in value."

Realtor Margaret Petty says there are currently five new subdivisions being built in the Glenpool area. She says her best customers come from out of state and quickly realize they get more bang for their buck when buying a here. "Oh, yes, I just love those customers. They say, you mean, it don't cost anymore than that," Petty said.

Petty adds more people are moving in than out. Builder Jerry Price says that once the homes are built the people will attract even more development. That means more tax dollars for everyone from Sand Springs to Glenpool, to Tulsa.