Chicago
October, 2006

Tulsa was represented at the annual Luxury Real Estate Conference held this year in Chicago, Illinois, by Tulsa real estate broker, Darryl Baskin of McGraw REALTORS. The Annual Luxury Real Estate Conference focuses on the latest developments in luxury real estate across the globe. In addition to the United States, other representatives attended from Canada, Greece, the Bahamas and Thailand.

The story seemed repetitive, Baskin says, “There has been a noticeable slowdown among luxury real estate brokers in most parts of the country. This is much of what we hear in Tulsa when national news reports ‘the real estate bubble’ and a ‘slowdown in housing’. It is refreshing to report Tulsa’s status as solid, consistent and less affected by national trends. While we don’t experience the incredible appreciation, we are generally not affected by the sudden downturns and significant depreciations seen across other parts of the country, “Baskin adds.

While in Chicago, Baskin previewed the newest development from The Ritz Carlton Residences which will feature properties expected to sell above $1,000 per square foot and other luxury properties in downtown Chicago. New York City property values have hit as high as $4,000 per square foot for luxury penthouses, according to Frederick Peters of Warburg Realty. Tulsa’s highest prices per square foot top out at $400.

Representing an affordable luxury market in Tulsa, is a relatively easy task when you can report to your national peers that similar properties in Tulsa can be purchased for less than half the price of competing markets. When asked about missing the ocean, mountains and ski slopes, Baskin remarked “Green Country offers some fantastic settings. Besides, for the amount of money Tulsan’s save in housing, they can afford to travel anywhere in the world, several times a year, or like many Tulsan’s, own second homes in a place of their choosing. That’s the kind of luxury you don’t tire of.”

For additional information, contact Darryl Baskin at 918-740-0077