Every three months, Linda and I prepare quarterly market updates for some of the older neighborhoods we practice in. Since not everyone in those neighborhoods gets the update, we thought we would make them available to a wider audience. This time we have picked Edgemere Park, a Historic Preservation (HP) neighborhood.
This is a “down and dirty” update, meant to give a general overview of the neighborhood and not specific details.
For those of you who don’t know where Edgemere Park HP is, it lies west of Robinson Boulevard and east of Walker, from NW 30 through 36th Streets in Oklahoma City.
Enjoy.
Quarterly Market Update – Edgemere Park
For Period Beginning October 1 and Ending December 31, 2011
| Active – 3 Properties Found | ||||||||
|
Square Feet |
Bedrooms |
Full Baths |
Half Baths |
List Price |
Sale Price |
Days on Mkt |
||
|
Min |
1190 |
2 |
1 |
$119,900.00 |
- |
12 |
||
|
Max |
3306 |
3 |
2 |
$349,500.00 |
- |
72 |
||
|
Avg |
2202 |
3 |
1 |
$234,800.00 |
- |
39 |
||
| Sold – 3 Properties Found | ||||||||
|
Square Feet |
Bedrooms |
Full Baths |
Half Baths |
List Price |
Sale Price |
Days on Mkt |
||
|
Min |
1553 |
3 |
1 |
$239,900.00 |
$229,000.00 |
32 |
||
|
Max |
2188 |
4 |
2 |
$275,000.00 |
$270,000.00 |
186 |
||
|
Avg |
1875 |
4 |
2 |
$258,300.00 |
$250,333.00 |
84 |
||
| Pending – 2 Properties Found | ||||||||
|
Square Feet |
Bedrooms |
Full Baths |
Half Baths |
List Price |
Sale Price |
Days on Mkt |
||
|
Min |
1818 |
3 |
1 |
1 |
$238,500.00 |
- |
32 |
|
|
Max |
2300 |
3 |
2 |
1 |
$262,900.00 |
- |
165 |
|
|
Avg |
2059 |
3 |
2 |
1 |
$250,700.00 |
- |
99 |
|
(Data courtesy of MLS Gateway. Information is believed to be accurate but is not guaranteed. Not intended to solicit currently listed properties).
Again, Edgemere Park continues to be the envy of neighborhoods around it as a result of its solid fourth quarter numbers. The fourth quarter had three sales. That’s down from third quarter’s nine sales; or second quarter’s six. But it’s ahead of the two sales at the end of March. However, since there are only three active listings, the three sales and two pending sales indicate a healthy market where demand exceeds supply. The average price per square foot was $137.43. That’s up from third quarter’s $118.36. The average sale took 84 days, up slightly from 3Q’s 77 days. That’s still pretty good. The average time before a house went pending dropped to 99 days from 237 days at the end of September. The three active listings is down from four on September 30. There was one expired listing. It re-upped and is still on the market. These numbers are good.
Please feel free to contact us with any questions you might have. If we don’t know the answer, I’ll bet we can find it.
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