Numbers good in Putnam Heights HP district

by Dan Connally on May 17, 2012

in Neighborhoods

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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There were 1,548 homes closed in April 2012, up 4% from March. This compares to 1424 closed in April of 2011 – up 9%, and 1764 in April 2010 – down 14%. You can also visit highs and lows from 2011, 2010 and 2009. As for April…

Most Expensive Sale — Oklahoma City Real Estate April 2012

Oklahoma City real estate highest price sold April 2012

$1,600,000 $236.21/sq ft. 1600 Drury Oklahoma City OK in Nichols Hills. This home has 7,197 square feet with 5 bedrooms and 6 full baths with 2 half baths. The home was listed for $2,100,000 and was sold in 323days on the market. Two homes closed in April for over $1,000,000!

Least Expensive Sale — Oklahoma City Real Estate April 2012

Oklahoma City real estate lowest price sold April 2012

$7,000 $8.33/sq ft. 912 S Bennett in Chandler. This home has 840 square feet and has 2 beds and 1 bath. This home was originally listed at $10,000 and was on the market 307 days.

Longest On The Market — Oklahoma City Real Estate April 2012

Oklahoma City real estate longest on market April 2012

930 days 1429 N Broadway in Shawnee. This home has 2,184 square feet with 3 beds and 2 baths. The home was originally listed at $130,000 and closed at $124,000. There only 1 price reductions made. The current longest active listing is 1,393 days.

Largest Home Sold — Oklahoma City Real Estate April 2012

Oklahoma City real estate largest house sold April 2012

7,731 square feet 4100 Rock Canyon in Edmond. This home has 4 bedrooms with 3½ baths. The home sold for $390,000 or $50.45/square foot. The home was on the market for 132 days.

Smallest Home Sold — Oklahoma City Real Estate April 2012

Oklahoma City real estate smallest home sold April 2012

423 square feet 11520 N May in Oklahoma City. This condo has 1 bed and 1 bath. It was originally listed at $25,000 and sold for $24,000 in 10 days.

…and that’s the highs and lows of Oklahoma City real estate for April 2012!

**Based on information from the MLSOK.com for the period (04/01/12) through (04/30/12), while information is deemed reliable it is not guaranteed.

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Exotic Escapes

by Phil Gibson on May 14, 2012

in Random Thoughts

It will soon be vacation time. If you are looking to do something out of the ordinary but still not break the bank, you might consider southern Thailand as a destination. While its true that the airfare may be marginally more than a domestic trip, this is more than compensated for with the cost of excellent hotels and cheap, tasty food.

Southern Thailand has a number attractive and hospitable resort destinations. Hwa Hin and Cha Am are favored by the Thai Royal Family and the setting is very cosmopolitan with big hotel names ( with low prices compared to the North America and Europe). One can also expect a far higher standard of service and amenities that are really only found in Asia. Other  Thai  beach destinations include Ko Samui, Phuket Island and the Krabi pennisula. All of these may be accessed via the international gateways of Singapore, Bangkok or Kuala Lumpur.

Fly to Krabi via a low cost local airline such as Tiger Air from Singapore. Round trip from the gateway will be about $100 Round Trip ( one class of service, brand new A320′s).  In Krabi you can stay in the town or out at one of the island or penninsular resorts which are reached by boat. In town, a hotel similar to the standard of a Holiday Inn will cost you @ $30 a day double occupancy with breakfast. At the name resorts, expect to pay @ $60 a day with some meals. Meals at  local seafood restaurants ( the local lobster is legendary) will run as high as $10 if you can swing it. The food at street stalls is generally safe and delicious and can be bought for just a few Baht. Pad Thai, the national noodle dish which costs about $12 or so in Oklahoma, costs a dollar on the street in Krabi.

In addition to cheap lodging and food, Thailand’s coastal resorts offer a number of excursions which take the visitor up front and personal with exotic coastal islands, clear turquoise water for snorkeling and pristine white sand beaches. The entire trip to these distant and friendly lands will cost less than an excursion to Hawaii.

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Mothers Day

by Stephanie Burdine on May 10, 2012

in Random Thoughts

Sunday will be Mothers Day my 29th as a mom and my 51st as a daughter. I had 39 years with my mother I feel very blessed to of had a wise older women for a mom something you don’t always appreciate in your youth. Now don’t get me wrong I knew she was smart and always ask her opinion on things and I wasn’t the only one on her passing many people told their stories of how her wisdom helped them. I also feel that having a good mom has helped me with my Real Estate whether it’s walking someone through the buying or selling process (mothering them) or having to tell someone how it needs to be done (experience).

So here are a few things she taught me.

Please and Thank you, when I was a kid those were the magic words.

Parenting isn’t a popularity contest.

Just because you think its right doesn’t mean the other person’s wrong.

It’s okay to voice your opinion.

A book can be a friend it can teach, comfort or just entertain.

Happy Mothers Day!

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This day in history . . .

May 8, 2012

To be quite honest I didn’t know what to blog about today so I decided to go see what happen on this day in history.  There seemed to be a number of earth shattering events, some well know births, and yes even a welcomed or unwelcomed death or two.  However, there was nothing that really [...]

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Welcome to the World

May 6, 2012

This is it: the end of my pregnancy.  I’m scheduled for an induction on Thursday, so she will be born on or before then.  (Like our contract closing dates, the “due date” is more of a guess than a promise.)  I’m having ultrasounds at every weekly prenatal visit, stealing glimpses of my new baby girl [...]

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Edgemere Park numbers look good

May 1, 2012

Every quarter, Linda and I do market updates for various neighborhoods we deal in. This time, I thought I’d share the one we did for Edgemere Park. Edgemere Park is a Historic Preservation neighborhood. Its boundaries are Walker Ave. on the west; Robinson Ave. on the east;  NW 36th on the north; and NW 30th [...]

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Edmond, OK Real Estate Market Conditions in the 73012 Zip (March 9, 2012)

May 1, 2012

Today, lets take a look at the 73012 zip code. This zip is in the northwest section of Edmond and includes Rose Creek, Valencia, Mulholland, The Grove, Auburn Meadows, Fenwick and Fallbrook. 90-day stats for Single Family properties in EDMOND, OK73012 as of October 7, 2011 Median List Price $212,883 Average List Price $278,956 Total [...]

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Race for Life

April 29, 2012

Today is the Oklahoma City Marathon race. The race organizers of the The Oklahoma City Memorial Marathon say it is unlike any other marathon. It combines the intensely personal challenges of running a marathon with the emotion of a shared national tragedy. The OKC Marathon is not about runners, it is about life.  Honoring the memory of life [...]

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Broken Record

April 28, 2012

I am sorry if I sound like a broken record but this issue is not an unreasonable concern that property taxes will not go up with the elimination of the state income tax. In yestarday’s POINT OF VIEW in the OKLAHOMAN state Representative Leslie Osborn basically said it’s an invalid argument because the Oklahoma Constitution [...]

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