Every quarter, Linda and I prepare market updates for some of the neighborhoods we practice in. This time, I thought I’d show you what’s going on in Putnam Heights. Putnam Heights itself is a very large neighborhood; however, the Historic Preservation section of it is fairly small, ranging from one-half block west of Classen Boulevard to Blackwelder/Georgia on the west, and from 35th St. north to NE 38th. The neighborhood was designated a Historic District in 1972 and placed on the National Register of Historic Places in 1982.
Quarterly Market Update – Putnam Hts.
| Active – 1 Properties | |||||||
|
Sq Feet |
Bedrooms |
Full Baths |
Half Baths |
List Price |
Sale Price |
Days on Mkt |
|
|
Min |
|||||||
|
Max |
|||||||
|
Avg |
1563 |
2 |
1 |
$129,900.00 |
- |
33 |
|
| Sold – 4 Properties | |||||||
|
Sq Feet |
Bedrooms |
Full Baths |
Half Baths |
List Price |
Sale Price |
Days on Mkt |
|
|
Min |
1591 |
2 |
2 |
1 |
$147,500.00 |
$105,000.00 |
4 |
|
Max |
3184 |
4 |
2 |
1 |
$285,000.00 |
$272,500.00 |
89 |
|
Avg |
2548 |
4 |
2 |
1 |
$189,975.00 |
$172,875.00 |
45 |
| Pending – 1 Properties | |||||||
|
Sq Feet |
Bedrooms |
Full Baths |
Half Baths |
List Price |
Sale Price |
Days on Mkt |
|
|
Min |
|||||||
|
Max |
|||||||
|
Avg |
2003 |
4 |
2 |
$220,000.00 |
- |
27 |
|
| Expired – 0 Properties | |||||||
|
Sq Feet |
Bedrooms |
Full Baths |
Half Baths |
List Price |
Sale Price |
Days on Mkt |
|
|
Avg |
|||||||
(Data courtesy of MLS Gateway. Information is believed to be accurate but is not guaranteed. Not intended to solicit currently listed properties
Things continue to improve in the Historic Preservation section of Putnam Heights.
After two sales involving larger homes in the fourth quarter of 2011 (they averaged $322,500), sales were more diversified at the beginning of the year: sizes ranged from 1,591 SF to 3,184 SF. And there were four of them. Given the size of the neighborhood, that’s not bad at all. Four sales in the quarter is the largest number in quite some time. (As a point of reference, there was one in 3Q 2011; one in 2Q 2011 and zero in the three quarters before that).
Average sales price per square foot stood at $70.85. That was largely brought down by the sale of 1441 NW 35, which was listed at $147,500, but was sold for $105,000 (in all fairness, it needed a lot of work). Only one house was on the market as of March 31, at 1512 NW 35. It is listed for $83.11 per square foot.
Also continuing a good trend: None expired in the first quarter of the year.
Please let us know if we can help you, or if you would like a more detailed quarterly report. And if you, a friend or a relative want to buy or sell a house, please keep us in mind. Referrals are the lifeblood of our business.
Dan & Linda Connally
Realtors, Paradigm-AdvantEdge Real Estate
16301 N. May Ave., Edmond, OK 73013
405-760-4653 (Linda)/ 405-760-4645 (Dan)
linda@connallyrealtors.com
www.connallyrealtors.com
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