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Rose Creek addition, Edmond, OK 2007 Market Summary

By
Real Estate Agent with 405home @ ERA Courtyard 148333

The Edmond Real Estate market is once again showing signs of growth as we head into the spring season. 2006 brought a rise in most areas of Edmond and indicators for 2007 look good right now. View the latest overall sales statistics here: (Edmond Real Estate).

The following chart shows statistics of homes sold in Rose Creek from March 24th, 2006 through March 24th, 2007 and compares these numbers with the respective numbers from 2005-2006:

  

2006-07

2005-06

Change

Number of sales

26

30

-13.33%

Years built

2003-2006

2002-2005

 

Largest home sold (sf)

6124

4373

 

Average home sold (sf)

3623

3488

 

Smallest home sold (sf)

2276

2534

 

Highest sales price

$965,000

$650,000

48.46%

Average sales price

$556,141

$499,232

11.40%

Lowest sales price

$329,000

$355,000

-7.32%

Highest price per sf

$184.59

$165.08

11.82%

Average price per sf

$152.50

$143.01

6.64%

Lowest price per sf

$124.45

$121.54

2.39%

Longest DOM

680

719

-5.42%

Average DOM

241

203

18.72%

Shortest DOM

0

37

 

As you can see, the comparison from 2006 to 2007 is very favorable for Rose Creek. While the average Days On Market were slightly longer, the overall sales prices and prices per square foot saw a significant increase.

If you're curious what your home's worth or would like an updated chart, visit our Edmond Real Estate website for a free estimate.

**Based on information provided to and compiled by MLSGateway.com, Inc. covering a period (03/24/05) through (03/24/07). MLSGateway.com, Inc. does not guarantee or is in any way responsible for its accuracy

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