The Edmond Real Estate market continues to show very significant signs of growth as we pass the middle of May, 2007. Last year, 2006, brought a rise in most areas of Edmond, Deer Creek and Oklahoma City and indicators are shaping up well for 2007. View the latest statistics here: (OKC Real Estate).
The following chart shows statistics of homes sold in the Brasswood addition, located on the south side of NW 150th, between Penn & Western, from May 15th, 2006 through May 15th, 2007 and compares these numbers with their respective numbers from 2005-2006:
2006-07 | 2005-06 | Change | |
Number of sales | 12 | 21 | -42.86% |
Years built | 1993-2005 | 1991-2000 | |
Largest home sold (sf) | 3183 | 3321 | |
Average home sold (sf) | 2637 | 2624 | |
Smallest home sold (sf) | 2210 | 2090 | |
Highest sales price | $270,000 | $273,000 | -1.10% |
Average sales price | $247,106 | $230,190 | 7.35% |
Lowest sales price | $204,900 | $190,000 | 7.84% |
Average list price | $253,229 | $236,919 | 6.88% |
Sales price vs list price | 97.58% | 97.16% | 0.43% |
Highest price per sf | $107.53 | $95.10 | 13.07% |
Average price per sf | $93.93 | $87.96 | 6.79% |
Lowest price per sf | $84.83 | $75.95 | 11.69% |
Longest DOM | 171 | 232 | -26.29% |
Average DOM | 48 | 64 | -25.00% |
Shortest DOM | 0 | 3 | |
Current Active Listings | 2 | ||
Current Absorption Rate | 2.00 |
As you can see, the Brasswood comparison from 2006 to 2007 is extremely promising. While the number of homes sold in 2006-2007 was dramatically lower than the previous year, the sales prices and prices per square foot boast very substantial increases. With so many Edmond homes for sale right now, it's great to see such strong DOM & absorption rate figures. With a city-wide average absorption rate of almost 5 months, Brasswood's absorption rate is exceptional, at two months.
If you're curious what your home would sell for or would like a chart more specific to your street, visit our website, where you'll find Brasswood Homes and information, as well as details on many other premier Edmond neighborhoods.
**Based on information provided to and compiled by MLSGateway.com, Inc. covering a period (05/15/05) through (05/15/07). MLSGateway.com, Inc. does not guarantee or is in any way responsible for its accuracy
Comments (0)Subscribe to CommentsComment