Each quarter, Linda and I compile quarterly market updates for some of our favorite neighborhoods. This time, we thought we’d show you the Putnam Heights Historic Preservation area. This area is rather small, with boundaries of 35th Street on the south to 38th on the north; and one-half block west Classen Boulevard west to Blackwelder/Georgia. We hope you find it informative.
Quarterly Market Update – Putnam Hts.
For Period Beginning April 1 and Ending June 30, 2012
| Active – 1 Properties | |||||||
|
Sq Feet |
Bedrooms |
Full Baths |
Half Baths |
List Price |
Sale Price |
Days on Mkt |
|
|
Min |
|||||||
|
Max |
|||||||
|
Avg |
|||||||
| Sold – 3 Properties | |||||||
|
Sq Feet |
Bedrooms |
Full Baths |
Half Baths |
List Price |
Sale Price |
Days on Mkt |
|
|
Min |
2003 |
3 |
2 |
1 |
$189,500.00 |
$184,000.00 |
1 |
|
Max |
3336 |
4 |
2 |
1 |
$349,000.00 |
$349,000.00 |
27 |
|
Avg |
2597 |
4 |
2 |
1 |
$252,833.00 |
$249,300.00 |
10 |
| Pending – 1 Properties | |||||||
|
Sq Feet |
Bedrooms |
Full Baths |
Half Baths |
List Price |
Sale Price |
Days on Mkt |
|
|
Min |
|||||||
|
Max |
|||||||
|
Avg |
1563 |
2 |
1 |
$119,900.00 |
- |
105 |
|
| 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)
For such a small area, activity remains quite good in the Historic Preservation section of Putnam Heights. The size of the sold homes is slightly larger than the first quarter. Sizes this time ranged from 2003 to 3336 square feet (compared to a range of 1,591 SF to 3,184 SF). The price per square foot ranged from $75.07 to $107.29. The number of sales in the second quarter (three) was not quite as large as the four in the first quarter, but still pretty good. (compare to one in 3Q 2011; one in 2Q 2011 and zero in the three quarters before that). Average sales price per square foot stood at $95.66, much better than the $70.85 at the end of the first quarter. There is one pending (at 1512 NW 35). The best news of all: there are no active listings in there, and nothing expired. It would be hard to find a better seller’s market.
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)
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