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Tulsa, Ok Webinar
Everything you need to know about Tulsa, OK real estate
FULL TEXT TRANSCRIPTION:
- Okay everybody we are live here today. My name is Scott Fuller, founder of leavingthebayarea.com If you've joined us before, you know that every episode with our market insider series we travel the country to see different locations that we're seeing popular for Bay Area residents as well as Californians overall that are considering moving to provide a lot of great information and overview of the city and today, we've got a great guest on today. We're gonna be covering Tulsa, Oklahoma. With me I've got Darrel Baskin, with EXP realty. Darrel, welcome. Good afternoon, Scott. How are you? Excellent. Awesome. OK. So I'm looking forward to today's program. I know you've got a lot of really good information on Tulsa to give to our viewers today. Maybe let's start off, give us a little bit of background with your history in Tulsa, and if you were a transplant or if that's where you're originally from and kind of your background. Well I moved here in junior high, about 1983 and that's when everybody was leaving. My dad was relocated here and the kids in my class at school said why are you moving in, everybody's leaving. That was the oil crash. And so every day since then it was a terrible time in Tulsa's history because of all those re-locations out, taking place outside the city. Every day since then's been really great because everybody's rediscovered Tulsa. Yeah. So I grew up here and started real estate when I was in my late teens with my dad. Actually got licensed and started selling when I was 19. Had a terrible credibility problem so in 1993, being 23 years old, Yeah I got on TV to start building that credibility and my career really took off from there. Today I do a radio program. No longer do television with the advent of YouTube. And been on KRMG, the news talk radio station here in Tulsa. And been there for about 20 years and a thousand programs. So it's been a lot of fun, very community-involved and that brings us to today. Yeah, no that's excellent. I know that you've got a real, very well-known group there. Your team, your business there is very well-known and you're certainly a subject matter expert and that's why I'm excited to have you on the program today. Thank you. Obviously we see a lot of people who are moving out of the Bay Area. They're looking at some different options. From what I've heard, from what you've told me before and what I've read is that there's a lot of people, a lot moving to Tulsa and there's a lot of growth there from population as well as a business standpoint. For the people that you're working with, or you see moving into the area, where do you see them generally coming from? We do see a lot of people coming from the coast, especially the west coast and partially, I mean, a lot of different reasons we'll see businesses relocate here because we are in the center of the United States which with our, we do have an international airport although we don't have many international flights. Our airport has the capability and serves a lot of it's a decent hub for a lot of access. So people can live here affordably, run their business affordably, ship from Tulsa because of the central location and many people also retire here because our weather, we have a very good climate and you can travel to where you want. It's affordable to be in Tulsa and then have the extra money to go to all the vacation destinations, travel to see family, etc. Yeah without having to sustain a home that's got a high cost of living. Yeah the proximity actually absolutely is great so the people that you're seeing move into the area, they're coming in for job opportunities or are they coming in more for retirement or is it a mix of the two? It's a mix of the two, interestingly. We have a lot of focus on entrepreneurialism here and the Tulsa has I would say well known for incubation, the arts, new startups, business startups, a lot of restaurants test their markets here. Okay So it's the interestingly we're in the center of the United States where people think we're not very diverse but we are pretty diverse and so if it works here, it will probably work just about anywhere else. It's a good proving ground. Yeah. So talkin' about, you mentioned cost of living and I was just reading something. This was a survey put out about a month ago by move.org they studied 75 major cities across the US to look at the lowest monthly cost of living or let's say the best affordability. Tulsa came in at number six. Not surprised. Not surprising, right? Right. Tulsa has a lot to offer and while you might find lower cost of living somewhere, you don't find a higher quality of life in my opinion. It's all relative, right? That's right. Just a lot, a lot here. A lot of culture, the city is not so large that you spend your life getting back and forth and yet it has the convenience of a good metro area so people have just really discovered Tulsa as a hidden gem. So let's go in a little bit deeper because I'm sure that what people are really interested in knowing is how far is my dollar gonna go? So let's say you're selling a house in California, you're considering Tulsa, what can you buy there? So I know that you've got some great examples you can pull up and give us kind of a, share your screen with us and give us kind of a virtual tour of some of the areas and what you can actually get for the dollar amount. Sure, let me just give you an overview using Google Maps first. And show you most of Tulsa has developed. Here's our city center, right here in the upper left-hand quadrant. And the majority of Tulsa's development was south and east. And each one of these grid lines is a mile Okay so if it helps you kind of measure with quick look of where you are, Broken Arrow which is our largest suburb right here on the lower right-hand side is just an easy jog down what we call the broken air expressway and if you look at that as a suburb, let me take a quick look at an area called Forest Ridge, you can see the access there is really good. Good expressway access. But here's a house in Forest Ridge, it's actually under contract and this photo isn't that good but I wanted to show you one that has a contingency offer on it so somebody liked it enough to want to buy it at 199 thousand. That's probably a good reason they wanted to buy it. Absolutely, yeah. Here's, but here's one at 350 thousand and this represents probably the, the bulk of the market right now in Broken Arrow. You see a three car garage, and the full brick exterior, formal dining and living areas. It's beautiful, wow. It is beautiful, and the construction, most of Broken Arrow while it, it really got its big boom in 2000. Pardon, not 2009 in the 1970s. It then was hit a little bit by the oil crash so in the 1980s we had a lot of lower end, I don't say cheap housing but more affordable was, Mhm the focus and then now, ever since, say the 2000s, we've seen a lot of middle, middle priced. The 300, upper twos to 400 thousand dollar price point, where you have good quality homes and nice luxury features, open kitchens. So this house here is going to be pretty representative of something around that 350 maybe, high three mark right? Which you find a Broken Arrow? Exactly, granite countertops, you see the stainless steel appliances. This is an area called Forest Ridge, And that has a golf course, a, it's a full master planned community. So you have um workout fitness center, Sure. restaurants or clubhouse all of those types of things built in to this one area. And what was the, what's the beds, baths and square footage on this one. All right, good question. 350 thousand is the price, three bedrooms, two bathrooms and the square footage, the range on this one is not specifically reported. It's between 2500-2700 square feet, is the range on it. Got it. Okay. So a really good size three bedroom home. Yeah absolutely. They've, they've not crammed the bedrooms in, they've put more into the, the open spacious feel of it, which, which is popular among those who are retiring in this area, wanna be near the golf course etcetera. Sure. So, that's taking a look at Broken Arrow which may pull you right down here. And that's falling, falling right into the deep part of Broken Arrow, then you have Broken Arrow itself, which has kind of reinvented itself. It's old Main Street, and an area called the Rose District, you can get some condos, new like, urban style living, even though it's a suburban area. And I just toured some of those today, and they're starting around 200 thousand, so we're talking about very nominal costs for, for housing here. And about how far is Broken Arrow? I mean I could kind of count the blocks for miles here but about, what's the commute look like, if you're living in Broken Arrow but maybe you're working in Tulsa? From driveway to parking spot, if you were in the center core like downtown area 15 miles. So you could you could lengthen that, or many of our, many of our businesses are located More here in the center. Okay. The Midtown area, not necessarily downtown, so you can easily look at a 15 to 30 minute drive into work. Very easy. Yeah, especially coming from California Darryl, I mean, you know, we're seeing, I drove down to Silicon Valley this morning, and fortunately, I left early to beat traffic but it was still, you know, an hour and 15 minutes which would normally be about an hour and a half, an hour 45 so that's an easy drive. You're right, and one of the things we're always selling Scott, is how much of your time do you want to spend living in the car? How much of your life do you want to spend Yeah. living in your car so good point. So another area that I'm, I'm really always excited to show is, you can see the density of it, being a little lighter. Here's the Jenks neighborhood, this is where we have a whole lot, not Jenks neighborhood, the city of Jenks, another suburban area. And there's a whole lot of development now, taking place here, so we get plenty of new construction, you're looking at a straight shot from Tulsa, the, the access is great. Again, the 10, between 10 to 15 miles from driveway to your parking spot. Mhm And the areas that are most popular here, I want to jump, jump across, I may come back to some of these. Winchester Park, one of our new neighborhoods. These are 350 thousand dollars, and High Park though, is one of these areas that, may go back to this one. High Park has a, it's a 55 plus neighborhood, so an adult community. It has the clubhouse with game room, library, pickle ball courts, the entertainment area that you don't have to maintain, and it's all just included in your monthly dues. Yeah And these are luxury homes, I mean really appointed with the things that, that most retirees want. So you're solid surface high ceilings, lots of trim and updated decor because everything's within just a few years. And the, the premium that you pay here, is because of all of the common elements that are a family home. And is that considered like the HOA dues-- Yes or what you guys call out there? Yes, homeowners association dues and I'll look down here real quick. And these dues are $310 monthly. And I do believe in Hyde Park, that includes your lawn maintenance, as well. So, I actually, I have sold several of these properties here, Mhm working for the developer. And when I calculated the amount of money that you spend on the homeowners dues, that it was less than all of the services that I was currently paying for my own, my own single family home. I was ready to move in, they just wouldn't approve my age. I was gonna say, I don't think you're quite there yet, but yeah you got a little ways. Well, it's interesting because a lot of the communities that we have here, the 55 Plus, you know, it's, it's mix of detached homes, you know called patio homes, condos, town homes. It's not uncommon to see 7,8,9 hundred dollars a month HOA, even up to 12, 1300 dollars. And of course the prices are impacted, prices are going to be much less than relative real estate, out of those areas, but to see something where you know HOA dues, and the 300 is to be able to have, you know, access to all those amenities, makes a lot of sense. I think I spent 300 dollars on pool chemicals last month. So-- There you go. You know, somebody else is maintaining it for you. Yeah. And here's another example in Hyde Park. The farmhouse look here on this one, is very popular and I've been in this home and it's, if you're looking for something a little more rustic it, you see the difference between the two. And literally just custom build what you want. There's still lots available and-- So are these are these kind of a mix of resale and new construction? There are, I think a couple of resale out there now mostly new construction. It's about 50 percent built, built out. Yes, so you'll start, you're starting to see some turnover, but not a whole lot yet. So pretty new. Okay. Yes So the average price point, if somebody who's interested, you know, the 55 plus community something like this. Your average price point, what's that range going to look like? Well, this is only a, this one I would say 400 thousand and up to get the bulk of the market. There are several other areas that, Spice Wood, French Creek. And those can be anywhere from the upper twos, Okay to about 400, so a lot of selection. Yeah, well very reasonable, Yeah. Very Excellent If we jump out of, that's our adult communities there. And I showed you, I showed you some of the single family. I think, let me do one more in Jenks in this side. I liked because of the aerial view, you could kind of see the, the density, with the houses around it. This is pretty typical, so you have, you have a decent yard, but they're not really large. Most of our larger lots are older homes. So if you're looking at new construction you'll probably find a quarter to a third acre lot, depending on the size of the house, but this one is a good example, is wrought iron railing. And, and features that just kind of, add to the ambience of the home and this one I think falls in the about 600 thousand, of our nicer estate areas, Stonebrook Estates. That is a large house, so looks like five bedrooms, four and a half baths, about 4500 square feet on a quarter acre. Yes So, yeah, And across the street here, it's likely I'd have just sort through the pictures, across the street here you might have the pond. In Stonebrook Estates you have, and a lot of these neighborhoods here are newer neighborhoods, you have the community features that are the parks and the ponds, that even though the houses, may be in a standard format of 15 to 20 feet apart. You have a lot of open feeling to your space because you've got that community area in front or behind you. So in most of these type of subdivisions, have HOA dues since they're newer built? Yes, And this one is $625 annually Yeah. to give you a comparison here. That's a nominal amount of money for a gated entry and some of the other things that-- Absolutely offers. Okay. So, that is, those are two suburbs Broken Arrow and Jenks and of course, there are others that are going to fall somewhere in those lines. But getting into the more historic areas of Tulsa or Midtown. One of our popular areas, well two of them would be Sunset Terrace and Maple Ridge. These are our old oil neighborhoods when Tulsa was young. And these would be our suburban areas. And here's a small bungalow. Let me check the price on before I show you pictures. 330 thousand, three bedrooms, two baths. So many of your older homes might have a two bedroom one bath, because of where they were built in so I picked this one because it's, it's a three, two, and still does have a garage. And a lot of that charm and character hardwood floors. Most of the, the trim here would be original. This has had an updated kitchen moderately updated. Yeah So, it you know, it's a big difference in price of how much space you're getting. But you can you can see the character of it. Now this, I think I sent you a message Scott, about the gathering place which is our, our very large park which was a private gift. It's the largest private donation to a city in the history of the United States. Wow Even surpassing Central Park. And part of that is in the endowment, to keep the city going. I might have put a link in the email that I sent you, but the gathering place in Tulsa is so remarkable. It has transformed our city, created a huge buzz but more than anything, it gives people a place to gather here in Tulsa, and it is a first class park, that has playgrounds attractions for the kids. Basketball courts is right on our river, and-- Can pull that up on the, on the Google Map Darryl? Just get kind of a proximity where that's at. Absolutely let me, let me actually pull in the-- So here we've got downtown. Hold on, let me zoom in so you can see how large it is. And this is a brown version of the park right here next to the river-- Mhm but this whole, this whole area where you see Red Bud Cafe, all the way around through this, this Southern part here. This is the park. It covers, I guess it's about a mile long and surrounded by residential property, and more to come. It's, it's truly an amazing addition to the city and architecturally attractive when you're in the park. You don't realize that you're right in the center of Tulsa, it's very well excluded or secluded, excuse me. Okay, so if Maple Ridge, by the way, let me go back to the map. Maple Ridge, is this area, directly east of the park so this is that historic area of Maple Ridge. And so these houses here would have been, would belong to oil barons and executives of, the doctors and-- Mhm people of their day. Most of our homes here have really interesting stories. Well, I'm sure there's a lot of history right, just because of, you know, everything that's gone on. A whole lot of history, yes. So, here's one in Sunset Terrace, so this is right along the river. It's 529 thousand. And what you'll find is, once we get over a certain price point say over 500 thousand, we'll start to see some of our houses that might sit on the market for a little bit. And that's kind of a, can signify that it's a good time to make a purchase and I think where, in other markets, houses, may only last for a few days. You see it in, in Oklahoma, where these houses which might just be considered a steal elsewhere. Can, can be, pardon me, a steal at 529 thousand. You may have time to think through your purchase here and it's not such a high pressure, purchase, That's always nice especially if you're new to the area, you know, you want to have an opportunity to go out there and, you know, make a couple visits, do some due diligence on your own. And, you know, not feel like you're having to be pressured in a market where, you know, if you don't put in an offer in the first couple of days you're going to lose an opportunity, Right? Right, and we have those, of course, but our price point is different. So again this one here it, I mean, I, if you have your comment about the quality of this house. It's a, it's a nice home, and been on the market for 432 days. Wow. That's remarkable, I have been in the house. It has some unique features. I know why it probably hasn't appealed to everyone. But you're talking, I think, probably 100 steps, and you're at the Gathering Place Park. I mean who can say that? Mhm Here's another one, a little bit newer style, in, in the general area, and more open. Not the historic look and open kitchen. Interesting, is there kind of like a loft area above that, I guess? Yes. Oh okay. Yeah, you look down from the, from the upper section, and there's a game room upstairs with the bedrooms. Mhm So, looking for some of those pictures up there. And actually looking at this one. One of the reasons I paused, I've sold this house at one time. It's a nice home. Here's your master that has a, has a little bar in it. Like I said, it looks like a refrigerator over there. Wake up and have some coffee. Or a bedroom snack right? Great master bathroom by the way, I love those sinks. Mhm, and so that's, what was the price point and the beds and baths on that? 575 thousand there, and just under 4000 square feet. So four bedrooms, three full, one half bath and corner lot just under 4000. Okay. In a lot of areas, there are some areas in the bay area where there, you know, there are those style homes, and that home right there would go for, you know, close to two million, if not over 2 million easily. Yeah. Depending on location. So that's, I mean that's a good representation of what Tulsa has to offer. And I can, of course, show you that many more but as you, if I put Tulsa, downtown Tulsa right here in the center, There's this upper left hand quadrant which is beginning to see a lot more activity is the Osage Hills. Very rich in Native American history. The Trail of Tears runs through there. And we have a lot of lakes, right up here, Skiatook Lake is a very popular place. You can see its proximity, you can live on the lake and be as close as you would be if you lived in Broken Arrow, and a lot of people choose to do that. So many options here-- Just for the buyers that are coming out there and obviously this would be dependent on the area that they're focusing on, but are they typically looking into construction or resale? Or maybe you know a combination of the two. Usually a combination of the two. We have a, we have a good resale market and a good new construction market. And I've, I actually end up showing people both, most of the time-- Mhm To let them kind of determine what, where they think they fit in. Obviously on resale, people are looking more for trees and established communities. Our new construction is often in the southern part of Tulsa. It may have been a sod farm, Yeah we're known for our sod farms. So there, you know, you don't have trees and landscaping that's established yet, that takes another five to 10 years. So you mentioned as far as the markets concerned, I've kind of jumping into it, jump around a bit to a section here, but obviously it sounds like over 500 thousand price point. Your days to market is going to be 45 days, well beyond as we seen at least one example here. What's kind of the price points where you're seeing, you know, homes move quickly, inventory levels low? Well, if you're buying under 300 thousand, you should be expected, should expect to need to make an offer right away, especially if it's one of the few that you liked because there, there's a lot of high demand, there's high demand. Yeah And that, we'll see multiple offers on anything that we've got under 250 thousand, for example. So Darryl you mentioned a couple of, a couple of communities for retirement 55 plus, we've talked about Hyde Park, we've talked about some of those higher split development which is a little bit, you know, lower price, lower in the price range. Right. A lot of people that we talked to and they're putting together, kinda they're planning, you know, as far as, you know, 55 plus, access and proximity to healthcare is always really, really, you know, big concern and a big factor they're taking into consideration when they're choosing area to go to. Tell us a little bit about, you know, Tulsa from a perspective of healthcare. Okay, we, who we are a regional health care town where a lot of people end up here, because they're coming from one of the smaller communities. And so between Tulsa and Oklahoma City we have, we have a lot of that. Let me kind of give you an idea. The reason, the reason Jenks is growing, there's a, there's a collection group of medical offices that have specialties right along the 71st Street Tulsa Hills area. Our hospital, our main hospital would be St. Francis. And it is right here in the center. Let's see, we're going to be, St Francis is right here. Well, now I'm having trouble, anyway. Right here in the center. And then we have another hospital that's right over here on the southern side. And so all of that retirement housing that I talked about, fits along this band. Either right here along 169 over into the, running north and south or over and onto the west side. So easy access to about any medical service you want. We have a Cancer Treatment Centers of America, located here, it's on the southern side of town so you're looking right over in this area, And a lot of people travel here for that. Some people just decided to move and stay. Yeah, yeah, absolutely yeah. Okay, so it sounds like there's good options for people, especially if you know, if that's a concern of theirs being close to health care service providers and you guys have that covered out there. Right. Well, let's go into a little bit about, you know, kind of the growth, what's fueling the growth for people moving there? what type of, what are some of the larger, more prominent industries that you guys have there? What are you seeing, are some of the growth industries that are bringing jobs and creating employment opportunities? Well, aerospace has been a big driver of our economy for a long time. Oil, still a very big part of our economy, exploration. And then the telecommunications has been a big deal. Yeah So some of our pipelines were actually converted, our pipeline easements were converted for easements for telecommunications. So it's been an interesting chain of events. But those are probably our largest now. Something else that's interesting, is tourism has really jumped up on our economic drivers. Mhm And I think tourism is now somewhere on the top five. But a lot happening there. And good reason people, there's a lot to do here in Oklahoma. That's getting back to Native America. And it's an inexpensive vacation, so. And I guess, you said, it's such close proximity to so many different states and major cities, that it's an easy area to get to right. Right. A lot of people that I relative, You know, driving us, Right Um, how about we get into, we talked a little bit about kind of, what's going on with the home price trends. Things that Californians probably don't want to talk too much about at least here in California is taxes. So maybe we can cover that a little bit? Tell me what, what is your state income tax for Oklahoma? We're at about five percent and I think the follow up to that, because it's so hard to compare taxes from one state to the next. And where does it really come out. One things attractive, and something else isn't. Yeah. So we have a state income tax, and our property tax is if you have a 300 thousand dollar house, you can expect, probably to pay 3500 to 3800 dollars a year-- Okay. In taxes and property taxes. So those are the big, the big chunks of tax that you'll pay. So you got about 5000 or I should, no, 5 percent. Right. Obviously, you know, we've got scales, you know, so it's not just one number. But to kind of give an idea, you're about five percent. California state income tax is right around 12.3 percent. So we're obviously more than double that. Our property tax rate generally starts at one and a quarter percent and goes up. There might be special assessments that are, you know, on top of the one in quarter percent. It sounds like from the numbers that you gave us, you're a little bit over one percent, right? Right. On your property taxes. We don't have a special assessment issue here. I mean, there's those, you might have a homeowner's association, but they don't have a special assessment being tacked on to properties. There's some high growth areas around here, especially new construction. Where in the last five years and for ongoing new construction, they're adding what they call Mello-Roos. So that's an additional, you know, tax that that's collected to cover, you know, the ponds, or schools, parks, different things like that, in those areas. So it's interesting, because you can be in one community, And you know, the effective tax rate might be, you know, close or one point eight percent, or you know, something like that. And then once you enter one community over that doesn't have those special assessments, because the homes are older so maybe closer to that one and a quarter percent. So it's gonna to be-- Right. a little bit of a, you know, a different variation based off of that. Tell me, tell me what, what's your sales tax over there? You'll usually see about nine percent. So in the eighths on up to, depending on the county and whatever district you're in. Yeah. The top, you shouldn't ever see anything more than 10. I don't think we have anything around here that's more than 10. Okay-- But I think-- We're about eight and a quarter percent. Maybe to the upper eights, is about what we're at on the sales tax. Let me ask you this Darryl, what are you guys paying for a gallon of gas right now? Last time you filled up at the gas station. You know, I drove an RV from Tulsa taking my family on a trip-- Yeah to Wyoming, and I was so happy to get back. I went ahead and drained the tank, so that I could fill up when I got here, before I returned it to my in-laws. There you go. Our gallon of gas is that two dollars and 20 cents, to two and 40 cents. So-- Okay Much, much better than what I was discovering elsewhere. Yeah Two 80, two 90. Well, I'll tell you what you would have paid if you would have taken the RV all the way west to California. You would have been up to about, I think right now, we're about four dollars to about four twenty. Oh wow. That's down from a couple of months ago. So I guess everybody's real happy, you know, that we're down to, you know, about four dollars. But we've seen several occasions in the last six months where we seen it, You know, four 40 or four 50. And of course, there's going to be areas like in San Francisco, where you're gonna see that closer to five dollars. So obviously, it's all relative to where you're at. But yeah, I think we've, I think we have you beat on the cost of gas. Yeah-- I don't know if that's winning Yeah, I'll let you win. Yeah, you'll let us win on that. Talk a little bit about what people can expect, as far as climates concerned, and I'll preface this by saying that California does have some of the best weather anywhere. There is no doubt about it. Sure. And that's a tough pill for people to swallow when they're looking at quality of life outside of California. Take into consideration a lot of different things, right. Some of its finance, financially related. Some that's gonna related to climate. It's hard to replicate that, but give us kind of an idea of what you could expect, you know, being in the Tulsa area, year round. Well, we do experience all four seasons. And I am wearing a very light shirt today because I mean light in, in material fabric. Because it's one of our hotter days. It'll be 97 degrees today, yesterday, I think-- Oh it's warm Yeah, just over 100. That kind of a muggy, uncomfortable August is is kind of that way. Yeah And then we have some really nice springs and fall, spring and fall days. I'll say winter is, it's kind of a mixed bag. We've had a very terrible ice storm number of years ago and became a, like a disaster area. Mhm And when it snows we'll get a nice covering of snow, maybe a few inches. And then it may be a mess, and gone by the next afternoon. So we usually do have a, a well rounded, seasonal experience. So If you always like it to be warm, that's not going to be the place here. Sure. If You always like it to be warm, You're going to have some days that are too hot, too warm for you. But our general climate is, especially the past few years is, I've noticed, maybe I'm just getting old and I'm enjoying sitting out on the back porch a lot. Right. Our general climate is, is very nice. And a lot of my friends who are retired, they choose to leave for the hottest part of the summer. They'll go north for a little bit. And then the hottest part or the coldest part of the winter, they'll go south. And again, because of our cost of living, they can afford to do that. And most of their time is spent here though. So is it, does it get humid there? It is humid, yes. And that's mostly in the middle of the summer. And in August, I'd say August is the worst month for that. But it'll cool off quickly. It's, it's interesting, I think a lot of people say this about their area, but when you move to Tulsa, you ,because of where we fit in the jet stream, we can see a 20 degree swing In the day-- Yeah from noon to three or four o'clock, it'll-- It'll hit in the same day? Yeah, in the same day, yeah-- Wow, okay. Not uncommon, it's, we'll talk about it, because it doesn't happen every day. But it's, it's not uncommon to see that kind of thing. Yeah, sometimes you hear about that, but it might be 24 hours later, 48 hours later that you would see that type of a difference. But for the same day, that's pretty crazy. I guess you just pack for all occasions, right? If you're out. Always check the weather. Yeah, check the weather. So it sounds like there's not really an accumulation of snow where you're at. You might wake up and there'd be a dusting, it might be gone but you're not carrying, you're not shoveling yourself out in the morning times generally. That right? Rarely, rarely, as a matter of fact, it's, periodically we will have a storm, a series of storms that will keep it on the ground. But I would say that's more of a like, every few years kind of thing. Okay. We don't, we don't keep snow blowers, snowmobiles. I don't even have someone on my, in, as a realtor, I've got all the people I need in my phone. And I don't know who I'd call the shovel snow or to plow it out. So it's that kind of thing. It's usually, usually easier just wait 24 hours and let it melt off. So you own a pair of snow skis or snowboard? The people-- I don't. Okay, so is, if somebody did, if they wanted it? You know, if they're interested in kinda the winter sports. How far away would that be from where you guys are at? Well, most of our most of our people here will go to Colorado, or one of the popular ski areas. Yeah. And there are a lot of skiers here. A lot of it's a, there's a big social environment for it, but they leave to ski. So okay, so and obviously you're in proximity to get to some beautiful resorts, some really nice areas to do that at. Right. Yeah, okay, tell us a little bit more, we talked a little bit, well tell us a little more about the River Park Trail system. Obviously, you have the Arkansas River. What are some of the other things that you know, people like to do for recreation? What's popular for people in the summertime as well for wintertime? Well, I'll, I'll tell you, our trail system stays busy all year, and I use it quite a bit. Just to show you how far it goes, the same trail system, if you can see, can you see my cursor over here Yeah in the Sand Springs area, upper left hand corner. Our trail system goes up here. It wraps all the way around goes up into Turley, all the way down south along the river and accompanies the, this loop around Broken Arrow. It runs up the 169 corridor there, they're doing some work on that now. It runs down to Bixby. Mhm I actually, I actually ride my bike frequently to, to get coffee in the mornings, and I'll ride my bike from about right here over to Riverside and I'm on the street for less than a half mile. Because it's, by bike trail-- Okay The rest of the way. So that is growing in popularity. Just because of how that, that trail system has been connected. And that's mostly contiguous? Almost all contiguous, there are a few areas where we're still connecting it. And so you might have to be off the trail for a short period, but there's been a substantial move to create bike paths. To make Tulsa very bike friendly city. And we have so many, so much University presence between Oral Roberts University, Tulsa University, Oklahoma University and Oklahoma State University, among others that are, that are on the list with Langston Hughes, etcetera. Those, those create a lot of traffic with students, and they like to get around on bikes. Tell us a little bit more about the university that they have there. And you know, what some of the popular stays are, and give us a little more indication on that. How that works. Well, Tulsa University, private university is well known for its law school and for petroleum engineering. Oral Roberts University which is, came out of the Oral Roberts Evangelistic Association, separate entity but very missional oriented. And people come from all over the world for Oral Roberts University. And then we have our two state schools, OSU and OU, which have a campus presence, presence here. They are not based in Tulsa, but they provide classes and they also have bus service to, I know OSU does. So you can catch a bus and go to work or go to school in Stillwater with that transportation. So a lot of people take advantage of that. So those are kind of extension campuses, for the universities? Substantial, and also I'll call them substantial extension campuses-- Okay. because they had quite a bit of service there, yeah. Yeah, and do you guys have, you might not even have the need for, you know, new mass transportation options, but is there a need for that? What we call out here, train rail, light rail, different things like that? We don't But we do have, we've, we have a vision for how that fits into the city. And the newest thing that has started this year, is what we call Peoria Bus Rapid Transit. And our previous problem was we're such a city of sprawl that we didn't have mass transit to get around. If you took the bus you, we had a bus system, have a bus system, It's a good bus system, but it's not really functional for someone who wants to have a job. If you buy ice cream that will be melted by the time you get home. So you couldn't really plan on on anything and the Peoria and 11th Street, 11th Street is route 66, historic street. Peoria has Bus Rapid Transit now. And that's our highest density part of town. So many people live and work along that corridor. You can catch a bus every 10 minutes, it may be 15 minutes. But that's a very reliable form of transportation. And that's also extending along the 11th Street. So if you're living in the city of Tulsa, and you're running along those corridors, you have very reliable transportation. And, of course, we're a small enough city that an Uber or taking a bike, we have scooters-- Yeah. Those are all other other forms that people choose. But generally, if you live in Tulsa, you need a car. Yeah, and it's I mean, it's interesting, because there's a lot of cities that have had such explosive growth over the years, and when we talk about this, when, when I'm interviewing, you know, brokers from other cities, some of them have planned for the growth, and some of them have not, and are trying to play catch up. And, you know, I don't think you guys are are there yet. Maybe in the planning stages, whatnot, in the, in the necessity stage. But it is interesting to see, you know, just the growth that's happening, and then a lot of places that infrastructure is not there, you know, when it's needed. Right, and we, we do have proactive plans and working on that. So it's, it's available, but not, not all in place. Yeah, I'd have a backup car. Yeah, yeah no, that makes sense. Yeah, you gotta drive, you know, 20 minutes. You got to drive 20 minutes right? Right. Oh Darryl, this has been great. So we've covered I think, a lot of different topics. Is there anything that you want to, you know, to mention, that we didn't cover? Probably not specifically, other than just the, just the general quality of life. In Tulsa, as I travel and the things that I miss everything from our culture of local coffee roasters, I don't find another city that has, has the quality that we have. Our local brewers, micro breweries. The, the quality of our parks and recreation. The tight knit community that we have in a city of our size. The culture of the museum's, the largest collections of artworks and things that we have here. The number of bands and music that comes out of Tulsa. It's, it's a very interesting and eclectic mix that you have in this city. And you can call it home, and many people do, and it's a great lifestyle. What is the population of the metro area of Tulsa? Metro area, I've heard people stating now that the most recent census numbers put us, put us up about a million. I have often just quoted this at about 750 thousand. I think, depending on how you count it, you might get a few head of cattle in there. If you get too high. Right, right, well, like you said to me, that's a population of the community. Right. Right, because it's really, it's not that sprawled out, it's not huge. And being you know, in the San Francisco Bay area, obviously, you know, we got several cities that are over a million population. And I have a, an appointment at Whole Foods here in just a minute. And I'll run into somebody that I know. And that's, that's something that's really nice. It's across town from where I live, but it still feels like my, my community. Yeah, that's awesome. Well, Darryl, it's just been great. Really appreciate all the input. If somebody wants to come in, you know, pay a visit with you and your team and maybe wants to do an afternoon or a day tour with you guys to get to know the area, Is that something you guys are okay with? And that's absolutely what we do. Excellent, Okay, awesome. Well, we love to anybody who's watching this, if you'd like to take advantage of that, just email us at info@leavingthebayarea.com, we'd be happy to get you in touch with Darryl and his team. We'll take great care of you out there, as he's already done with us here on today's webinar. So, Darryl, thanks again. Look forward to staying in touch and I appreciate your time today. Always good to visit with you Scott, thank you. Okay, take care and bye for now.
Cost of Living Comparisons
Tulsa, Ok VS San Francisco, CA
78.5% less
Cost to Rent
1.9% less
Utilities
18.6% less
Food & Groceries
9.2% more
Health Costs
43.3% less
Transportation
12.2% more
Auto Insurance (Annually)
56.9% less
Auto Sale Tax
30% more
Auto Registration (Annually)
.3% more
Sales Tax
12.1% less
State Income Tax
46.6% less
Child Care
Commute Comparison
| Tulsa, Ok | San Francisco, CA | |
Average Commute Time |
18 mins | 45 mins |
Comparison of gas prices |
$2.21 | $4.49 |
Live Traffic Comparison
Tulsa, Ok
San Francisco, CA
Climate
Tulsa
San Francisco
91
Average Summer High68
69
Average Summer Low55
53
Average Winter High58
28
Average Winter Low47
227
Sunny Days Per Year259
42
Rain (inches per year)25
6
Snow (inches per year)0
Current Temperature in Tulsa, Ok
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