There were 1,688 homes closed in June 2012, up 4% from April. This compares to 1564 closed in June of 2011 – up 8%, and 1639 in May 2010 – up 3%. You can also visit highs and lows from 2011, 2010 and 2009. As for June…
Most Expensive Sale — Oklahoma City Real Estate June 2012
$2,475,000 $456.81/sq ft. 2414 Grand Circle Oklahoma City OK in Nichols Hills. This home has 5,418 square feet with 3 bedrooms and 4 full baths with 1 half bath. The home was listed for $2,550,000 and was sold after 130 days on the market. Seven homes closed in April for over $1,000,000!
Least Expensive Sale — Oklahoma City Real Estate June 2012
$6,000 $6.70/sq ft. 105 W 14th Wewoka OK. This home has 896 square feet and has 2 beds and 1 bath. This home was originally listed at $14,900 and was on the market 37 days.
Longest On The Market — Oklahoma City Real Estate June 2012
1,095 days 3113 NW 172nd Edmond OK in Rose Creek. This home has 3,773 square feet with 4 beds and 3½ baths. The home was originally listed at $600,000 and closed at $533,000. There was one price reduction made 3 months in down to $590,000. The current longest active listing is 1,382 days.
Largest Home Sold — Oklahoma City Real Estate June 2012
7,340 square feet 3700 Stonehurst in Edmond in Eagles Cove. This home has 5 bedrooms with 4½ baths. The home sold for $995,000 or $135.56/square foot. It was originally listed for $1,195,000. The home was on the market for 380 days
Smallest Home Sold — Oklahoma City Real Estate June 2012
520 square feet 2042 Elm in Hinton (second month in a row for Hinton. Guess they’re making the small out there!). This home has 1 bed and 1 bath. It was originally listed at $35,000 and sold for $31,500 in 57 days. This home is on Cedar Lake/Western Sportsman Club.
…and that’s the highs and lows of Oklahoma City real estate for June 2012!
**Based on information from the MLSOK.com for the period (06/01/12) through (06/30/12), while information is deemed reliable it is not guaranteed.
{ 2 comments… read them below or add one }
Wow.. that was a long time on the market.. over 1000 days! Any ideas why? Was it overpriced to start with? It looks like a beautiful house.
Julia – It does seem odd doesn’t it? Usually you can just blame it on the price, but I researched the history of this listing and found that it first went on the market in May of 2009. (a particularly bad time for homes over $300,000.) It was on the market for 14 months til July 2010 and they let it expire. It stayed off the market until May of 2012, when it went active and pending the same day – using the same MLS number. I suspect the agent had a buyer for the house that was off the market and then just re-activated the old listing rather than enter it new. You can see how something like that can skew the numbers. They did come off the price by 10% which shows that it was overpriced.