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 on the south.
Quarterly Market Update – Edgemere Park
For Period Beginning January 1 and Ending March 31, 2012
| Active – 1 Properties Found | ||||||||
|
Square Feet |
Bedrooms |
Full Baths |
Half Baths |
List Price |
Sale Price |
Days on Mkt |
||
|
Min |
||||||||
|
Max |
||||||||
|
Avg |
3306 |
3 |
2 |
$339,000.00 |
103 |
|||
| Sold – 3 Properties Found | ||||||||
|
Square Feet |
Bedrooms |
Full Baths |
Half Baths |
List Price |
Sale Price |
Days on Mkt |
||
|
Min |
1190 |
2 |
1 |
$119,900.00 |
$110,000.00 |
7 |
||
|
Max |
1818 |
3 |
2 |
$238,500.00 |
$230,000.00 |
98 |
||
|
Avg |
1531 |
3 |
2 |
$174,467.00 |
$165,667.00 |
46 |
||
| Pending – 2 Properties Found | ||||||||
|
Square Feet |
Bedrooms |
Full Baths |
Half Baths |
List Price |
Sale Price |
Days on Mkt |
||
|
Min |
1328 |
3 |
1 |
1 |
$60,000.00 |
- |
165 |
|
|
Max |
2300 |
3 |
1 |
1 |
$262,900.00 |
- |
165 |
|
|
Avg |
1814 |
3 |
1 |
1 |
$161,450.00 |
- |
165 |
|
(Data courtesy of MLS Gateway. Information is believed to be accurate but is not guaranteed. Not intended to solicit currently listed properties).
Edgemere Park’s numbers in the first quarter of 2012 were small but solid.
There were three sales, the same as the end of 2011 (Still down from 3Q 2011′s nine sales; or six in that year’s second quarter). But it’s better than the two this time last year. However, since there is only one active listing (down from three at year’s end) but yet again two pending contracts, these numbers point to a healthy market where demand exceeds supply. The average price per square foot stood at $106.02 – slightly down from $137.43 at the end of December and 2011′s 3Q of $118.36. The average sale took 46 days, way down from 84 days at the end of 2011 and 77 days at the end of September 2011. That’s below the metro average. The sole active listing is obviously down (three at year’s end, four the end of September 2011) There were no expired listings. These numbers are good.
Please feel free to contact us with any questions you might have. 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
Edmond, OK 73013
405-760-4653 (Linda) / 405-760-4645 (Dan)
www.connallyrealtors.com
linda@connallyrealtors.com
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