Movement is steady among midtown Tulsa luxury homes in zip 74114 of Tulsa. For the purpose of this market report, we are including single family residences listed $500,000 and above, sold in the past year.
In the past twelve months, 53 Tulsa luxury homes were sold in zip 74114, with $875,253 being the average sales price and the average price per square foot was $195. Seven properties sold for over one million dollars and three properties sold for over two million. The highest selling property was in the Forest Hills subdivision and sold for $3,950,000 - sold for full price after only seven days on market.
The 53 properties sold in the past year indicate an absorption rate of 4.5 Tulsa luxury homes being sold each month - a great indicator, particularly in this price range.
There are nine properties pending which is pretty incredible for this time of year. The lowest price pending is $353,000 and the highest is $2,150,000 - with an average of $840,500. We won't know what these properties sold for until they are closed.
As of today, there are 34 active Tulsa luxury homes in zip code 74114, ranging in price from $515,000 to $2,100,000, with the average price of $939,638. This represents a little over a six-month inventory.
Some subdivisions included in zip code 74114 are Terwilleger Heights, Travis Heights, Travis Park, Sunset Terrace, Sunset View, Wildwood, Avalon Place, Forest Ridge, Forest Hills, Brentwood Heights, Megee, Woody Crest and Harters.
Midtown Tulsa Luxury Homes Market Report Zip 74114 - March 2013 - steady movement
As you can see from the map of the zip code 74114, these Tulsa luxury homes are near the Philbrook Museum of Art, Woodward Park, Utica Square Shopping Center - and close proximity to the entertainment and nightlife on Brookside and Cherry Street.
Midtown Tulsa is a great little corner of Tulsa and we have no shortage of luxury homes from which to choose. Please do call me if I can show you any midtown Tulsa luxury homes! 918-852-5036
Content written and published by Lori Cain.
Copyright 2013 Lori Cain All Rights Reserved - Originally Posted at: Midtown Tulsa Real Estate - Lori Cain
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